What is the current price of Governance OHM (GOHM)?

The current price of Governance OHM (GOHM) is 10092.12301613601 AUD, representing a -6.54 from the day prior.

Can I buy Governance OHM (GOHM) on Coinstash?

Yes - you can easily buy and sell Governance OHM (GOHM) on Coinstash. Simply login or sign up, to start buying Governance OHM (GOHM) in minutes.

Where is the best place to buy Governance OHM (GOHM) in Australia?

The best place to buy Governance OHM (GOHM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Governance OHM (GOHM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Governance OHM (GOHM)?

The trading volume of Governance OHM (GOHM) is 78.8K AUD in the last 24hrs, representing a -6.54 from the day prior.

How can I buy Governance OHM (GOHM)?

Governance OHM (GOHM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Governance OHM (GOHM)?

The current market cap of Governance OHM (GOHM) is 0 AUD.

Can I convert Governance OHM (GOHM) to cash?

Yes - With Coinstash you can convert your Governance OHM (GOHM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Governance OHM (GOHM) are there?

The current circulating supply of Governance OHM (GOHM) is 0.

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Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Governance OHM (GOHM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

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.