Olympus is a decentralized monetary protocol that issues OHM, a reserve-backed token governed by a smart treasury and a suite of algorithmic mechanisms designed for price stability, liquidity efficiency, and yield generation. Built on Ethereum, it employs innovations like Protocol Owned Liquidity (POL), Range-Bound Stability (RBS), and Cooler Loans to maintain deep liquidity, defend price floors, and enable permissionless borrowing, making OHM a robust, censorship-resistant financial primitive for DeFi.
A Nomic bug minted unbacked nBTC, blew a 36% hole in an Osmosis bitcoin fund and somehow went unnoticed for 74 days.
Bitcoin fell under $77K after hot U.S. PPI data fueled Fed rate hike fears, driving $562M in crypto liquidations.
Nasdaq Ventures will invest $100 million in Kraken parent Payward as the firms expand their tokenized stock partnership.
Coinbase CEO Brian Armstrong says bitcoin has likely bottomed as stablecoins, tokenization and crypto growth gain steam.
Liquid's phased resumption follows a major exploit. Read about the Liquid team's actions post-hack and future security plans.
