Subtotal $0.00
Let's talk aboutLet's Shape The Future Together Step By Step
Our relevant departments will get back to you as soon as possible.
Olympus is a decentralized reserve currency protocol that is responsible for the issuance and management of a fully backed, algorithmic, free-floating stable asset, OHM. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX,LP) in the Olympus treasury, giving it an intrinsic value that it cannot fall below, which is arbitrarily $1. Olympus also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.
The foundation of DeFi 1.0 was liquidity mining. Liquidity mining, to put it simply, is a process whereby platforms give users their own native coin in exchange for the deposits of resources that other users may trade or borrow. The problem lies in the fact that these protocols are rewarding capital contributions—which are typically transient—by reducing the amount of tokens available. Individuals enter the system, devote their resources to it, profit from it, and then take both their resources and their gains out, leaving the native token on the market.
As a community-owned decentralized financial infrastructure, Olympus aims to bring more stability and transparency for the world. By building a DAO like Olympus, businesses can embark their entry into DeFi 2.0 and avail the following benefits.
Being a top DeFi development business, Quara is aware of how urgent it is to adopt DeFi 2.0. Quara, who is skilled at customizing DeFi protocols, has helped several platforms enter the market and achieve long-term liquidity. Our modules for a DeFi platform such as Olympus DAO are as follows:
Staking is the primary value accrual strategy of Olympus. Stakers stake their OHM on the Olympus website to earn rebase rewards. The rebase rewards come from the proceeds from bond sales, and can vary based on the number of OHM staked in the protocol and the reward rate set by monetary policy.
Bonding is the secondary value accrual strategy of Olympus. It allows Olympus to acquire its own liquidity and other reserve assets such as LUSD by selling OHM at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of OHM tokens entitled to the bonder, and the vesting term.
3,3 Together is a no-lose prize pool for sOHM tokens. Here users stake their sOHM for 6 days to get the collective rewards of all the users staked in this vault on the basis of a lottery system.
Join forces with Quara and unlock the expertise of our seasoned professionals, dedicated to providing comprehensive consulting services tailored to your needs.
With extensive expertise in blockchain technology, we are industry pioneers with years of experience. We focus on one thing, and we excel at it.
We offer comprehensive services, from ideation and development to deployment, with professionalism and expertise at every step.
We provide competitive pricing ensuring exceptional value for your investment while maintaining top-notch quality.
We excel at tailoring solutions to meet your unique business requirements and vision, recognizing that no two businesses are alike.
We prioritize security in the crypto space, adopting a security-first mindset and implementing industry best practices to protect your digital assets.
We provide continuous support with round-the-clock availability to guarantee the longevity and optimal functioning of your blockchain solutions.
Let's talk aboutOur relevant departments will get back to you as soon as possible.