Olympus v2 Price (OHM)

What Is Olympus v2(OHM)?

Olympus has been live for almost seven months. The team has demonstrated in that time that the model works, and that it works well. However, that does not mean there is not still room for improvement. With that in mind, they are proud to introduce Olympus V2.

What Are the Features of Olympus v2(OHM)?

Olympus V2 strongly prioritizes decentralization and immutability.

1. On-Chain Governance: Stakers will take full control of protocol contracts through an implementation of Compound’s Governor Bravo. This will occur in a phased roll-out. We will begin with a guardian multisig (like we have today), followed by an on-chain governed Treasury, followed by on-chain governed bonds.

2. Bonds:

Bonds have received a significant overhaul. The upgrades are as follows:

• Bond payouts are staked at the time of purchase. Rather than requiring bonders to factor in missed rewards when considering a discount, they are now earned by default. This means that any >0% discount will outperform staking, and as a result discounts should not deviate far above 0%. This is good for minimizing market pressure and maximizing protocol efficiency.
• Bonds no longer vest linearly. Instead, bonders must wait until the end of their term to redeem. This illiquidity is enabled by staking bond payouts, and creates a form of locked staking that will save ohmies money by removing the incentive to incur wasteful gas transactions through frequent redemption.
• New bond types are created as isolated offerings. Each bond has a maximum amount of OHM that can be paid or a maximum amount of principal that can be purchased and, once exceeded, the bond is retired. All parameters of the bond are set in stone after initialization. This improves both budgeting and immutability.
• Bonds can be held as NFTs. This enables liquid secondary bond markets.
• Bonds can be fixed-term or fixed-expiration. What we have now is fixed-term; if the term for a bond is 1 week, your maturation date will be in 1 week. Fixed-expiration means the maturation date is the same for all who buy that bond. If a bond has fixed-expiration on day 8 and you buy one on day 1, your term is 7 days; if you buy the same bond on day 2, your term is 6 days. This lends itself to composability; fixed-expiration bonds can be wrapped into a fungible token and traded like any ERC20.
• Bonds offer a front-end reward. This will incentivize third-parties to run front-ends for Olympus, reducing single-point-of-failure risk.

Why Do I need to Migrate to Olympus v2(OHM)?

V2 migration introduces new features such as on-chain governance and auto-staking for bonds. Transitioning from sOHM V1 to gOHM allows for multiple bonds to be taken at one time, as opposed to one bond per vesting period as it was in v1. Partial liquidity will remain for v1 OHM while the migration is in progress. This provides sufficient liquidity for borrowers to close or move their borrowing position.

What is the Migration Process?

When the migration is live, the Olympus front-end will be updated to allow the migration of all your V1 tokens (i.e. OHM, sOHM, and wsOHM) to gOHM.

The migration process requires two steps: one to approve the contract for each of your V1 tokens, and another that actually migrates all your tokens to gOHM.

How are Bonds Affected after the Migration?

In V2, you can purchase multiple bonds of the same type without resetting the bond vesting period. Also, there is no need to claim bond rewards and stake them manually, as this process will be automated. The bonders will receive their entitled sOHM at the end of the vesting period.

Where Can You Buy Olympus v2(OHM)?

Investing in Olympus v2 can seem complicated, but it is much easier when you buy Olympus v2 through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Olympus v2 — both for fiat money and other cryptocurrencies. Some of the most popular Olympus v2 cryptocurrency exchange are:

• Uniswap (V3)
• SushiSwap
• Korbit

Please check Olympus v2(OHM) token address If you want to buy or sell Olympus v2(OHM) on dex exchange. Beware of scams!
Click here to view Olympus v2(OHM) price in different crypto exchanges.

For more basic knowledge about Olympus, please visit: Olympus(OHM) 

Olympus v2 (OHM) Community

• Twitter: https://twitter.com/OlympusDAO
• Discord: https://discord.gg/olympusdao
• Reddit: https://reddit.com/r/OlympusDAO
• Telegram: https://t.me/olympustg

What is Olympus v2 (OHM) Contracts address?

• Ethereum: 0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5
• Solana: Afe9gSG8NcWicJtC58tUPGWG6pUcdK29d59BJuSAsePJ