Buy Governance OHM GOHM

What is Governance OHM?

Governance OHM (gOHM) is the staked version of OlympusDAO's native currency, OHM. It is part of the Olympus protocol, a decentralised financial system that supports OHM, a treasury-backed token on the Ethereum network. gOHM primarily serves governance and staking purposes within the OlympusDAO ecosystem, facilitating direct governance participation and protocol decision-making.

How does Governance OHM work?

gOHM functions within the OlympusDAO ecosystem by enabling token holders to participate in governance decisions, such as protocol upgrades and policy changes. Operating on the Ethereum blockchain, OlympusDAO utilises smart contracts for staking, bonding, and governance processes. The protocol employs mechanisms like rebasing algorithms, which adjust OHM supply to stabilise its value, and bonding curve models to ensure sustainable returns. These mechanisms are underpinned by the Ethereum network's Proof of Stake consensus.

What are the potential use cases for Governance OHM?

Governance OHM (gOHM) is utilised primarily in governance management and financial activities within the Olympus ecosystem:

• Governance Participation: gOHM holders can vote on protocol proposals, influencing the future development and operational policies of OlympusDAO.
• Staking Rewards: By staking gOHM, users can earn rewards, which support liquidity and stability.
• Bonding Processes: gOHM aids in acquiring protocol-owned liquidity (POL) and reserve assets, further stabilising the protocol's treasury.
• Financial Flexibility: Through mechanisms like Cooler Loans, gOHM-based financial products allow for high borrowing against OHM's backing.
• DeFi Integration: As OlympusDAO is a crucial player in DeFi, gOHM is instrumental in decentralized finance, offering governance and staking facilities.

What is the history of Governance OHM?

Governance OHM was introduced as part of OlympusDAO's mission to create a decentralised reserve currency, launching in 2021. The project was conceptualised by a pseudonymous creator called Zeus and has grown significantly within the DeFi space, pioneering innovations like Protocol Owned Liquidity (POL) and Range Bound Stabilisation (RBS). Olympus has undergone significant upgrades, including a move to V2, enhancing its staking and bonding mechanisms, as well as introducing financial products like Cooler Loans to enhance liquidity and financial operations within its ecosystem.