Olympus is a non-dollar anchored stablecoin project. The goal of the Olympus protocol is to create a decentralized, censorship-resistant reserve currency for the Web3 ecosystem. Olympus is run by OlympusDAO. OlympusDAO is a network of dedicated community members who execute on decisions & protocol mechanisms voted on through community governance. 

$OHM is the native token. The protocol acquires liquidity by bonding tokens and creates a loop of "buy, distribute, pledge" approach that allows $OHM to keep the high premium to the backing asset. Olympus is building $OHM, a community-owned, decentralized, and censorship-resistant reserve currency that is asset-backed, deeply liquid, and used widely across Web3. $OHM, governed by the Olympus DAO, is Web3s decentralized reserve currency. $OHMs purpose is to provide the growing Web3 financial ecosystem with a censorship-resistant currency that preserves purchasing power, has deep liquidity, is trusted, and is used widely as a unit of account. 

Olympus is a protocol that aims to become a stable crypto-native currency. It uses reserve assets like DAI to manage its price and achieve price stability while maintaining a floating market-driven price. OHM is backed but not pegged to a certain price, with a price floor of 1 DAI. OHM differs from other algorithmic stablecoins like Ampleforth (AMPL) because it issues OHM to buy DAI and other assets and maintains a treasury.

Olympus is run as a DAO and was founded by anonymous accounts known as "Zeus," "Apollo," "Unbanksy," and "Wartul." The main code contributors are "Zeus" and Jeff Extor. Olympus had private backers before the initial launch, including Zee Prime Capital, Nascent, D64 Ventures, Maven11 Capital, and others.

Olympus owns a treasury that mints and sells new OHM when it is trading above its price floor and buys back and burns OHM when it is trading below that. Users can bond assets to receive discounted OHM or provide liquidity to the SushiSwap pool. Staking OHM reduces supply and offers high rewards. Olympus recently launched Olympus Pro, allowing partner protocols to grow their treasury. Olympus is known for its strong marketing and community building.

The total supply of OHM is uncapped since it aims to be a free-floating currency. Currently, over 1.7 billion OHM are staked with the network. The team vested pOHM, which allows them to mint OHM for every pOHM and subsequently burn it. Vesting amounts vary for team, investors, and advisors.

OHM is an ERC-20 token on Ethereum. The network is governed as a DAO and follows the ERC-20 token standard. Ethereum is secured by a proof-of-work consensus mechanism and a set of decentralized nodes that validate transactions.

Olympus had its presale between March 12 and March 14, 2021.

OHM is available on UniSwapV2 and SushiSwap.