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$OHM is the decentralized reserve currency of DeFi

Core Concept of Olympus

OHM, governed by the Olympus DAO, is Web3’s decentralized reserve currency. OHM’s purpose is to provide the growing Web3 financial ecosystem with a censorship-resistant currency that preserves purchasing power, has deep liquidity, is trusted and used widely as a unit of account. OHM is supported by a robust and growing Treasury, which acts as a counterbalance to the market, adding confidence and stability to a volatile system.

Their goal is to build a policy-controlled financial reserve currency that:
Preserves purchasing power via long-term price stability
Has deep liquidity across decentralized and centralized exchanges
Is utilized as a unit of account (e.g., by being paired against many other assets in Web3)
Is utilized as trusted backing (e.g., to collateralize other assets or deposited into protocols’ treasuries)

Olympus aims to solve Web3’s reliance on centralized, censorable stablecoin assets by creating a non-pegged reserve currency called OHM that is backed by a basket of assets. Olympus actively utilizes its Treasury as a counterbalance to the market and to grow the econOHMy.

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