What is the current price of Olympus (OHM)?

The current price of Olympus (OHM) is 40.18446571588331 AUD, representing a +8.70 from the day prior.

Can I buy Olympus (OHM) on Coinstash?

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

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

The best place to buy Olympus (OHM) 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 Olympus (OHM) 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 Olympus (OHM)?

The trading volume of Olympus (OHM) is 8.5M AUD in the last 24hrs, representing a +8.70 from the day prior.

How can I buy Olympus (OHM)?

Olympus (OHM) 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 Olympus (OHM)?

The current market cap of Olympus (OHM) is 657.6M AUD.

Can I convert Olympus (OHM) to cash?

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

How many Olympus (OHM) are there?

The current circulating supply of Olympus (OHM) is 16.4M.

Is Coinstash a safe place to buy Olympus (OHM) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Olympus (OHM) 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 Olympus (OHM)

What is Olympus?

Olympus is a decentralised finance (DeFi) project, specifically a protocol, which is designed to create a stable digital currency backed by a decentralised treasury. It operates on the Ethereum blockchain and uses various financial mechanisms to maintain the value of its native token, OHM. The project aims to move away from stablecoins backed by traditional fiat currencies by instead using a portfolio of crypto assets as collateral.

How does Olympus work?

Olympus utilises two main mechanisms: bonding and staking.

Bonding refers to the process where users can purchase OHM tokens at a discounted rate by contributing other cryptocurrencies or assets. This mechanism helps expand the project's treasury, allowing it to back each OHM with intrinsic value.
Staking allows holders of OHM tokens to lock up their assets in the network. In return, they earn staking rewards, primarily sourced from the protocol's treasury growth through bonding. This incentivises holding OHM over the long term.

What are the potential use cases for Olympus?

Olympus has several potential use cases:

Staking and Bonding: These are primary functionalities where users can earn rewards or interact with the protocol's treasury by contributing liquidity.
Governance Participation: OHM holders can partake in decision-making processes via governance tokens, influencing the future of the platform.
DeFi Integrations: The Olympus model offers a structure for projects aiming to utilise or incorporate decentralised treasury management and liquidity solutions.
Stable Digital Currency: The project's goal to serve as a stable currency opens avenues for use as a medium of exchange in digital economies.

What is the history of Olympus?

Olympus DAO was launched in 2021 by a pseudo-anonymous group led under the alias "Zeus". From inception, it gained recognition for its innovative approach in the DeFi space, particularly with its bonding and staking mechanism and the promotion of a treasury-backed reserve currency model. The protocol rapidly achieved significant milestones, including the accumulation of a substantial treasury. The success of Olympus has also led to the creation of several forks, which attempt to replicate or adapt its model for various specific purposes.