Join us for the Olympus Community Call on June 04, 2026 at 15:00 UTC.
Get protocol updates, treasury insights, and a look at what the team’s building. We'll wrap with a live Q&A.
Where: https://t.co/r5OZKlrUuP
Weekly Digest (May 25 - 31) recap 👇
(1) New RFC went live to harden the architecture behind OHM bridging (every cross-chain message to be verified by four independent organizations; transfers capped per route; supply reconciled on Ethereum). Audited by @GuardianAudits, tested against forked mainnet.
(2) Treasury earned $42.5K in revenue, with ~53% coming from ethereum:0x9d39a5de30e57443bff2a8307a4256c8797a3497. Backing held at $12.03 per OHM.
(3) $18.4K $OHM repurchased through the Yield Repurchase Facility.
(4) Cooler drip remains on schedule, and price feed resilience underway.
PEACE DEAL NEARLY DONE
Following calls with leaders from Saudi Arabia, the UAE, Qatar, Pakistan, Türkiye, Egypt, Jordan, Bahrain, Israel, and others, a major peace agreement involving the U.S. and Iran is close to final approval.
Final details are now being discussed and will be announced soon. The Strait of Hormuz is also expected to reopen.
— President Donald J. Trump
The Olympus Weekly Pulse is now out.
The digest (this one's May 11 - 17) covers key protocol activities, revenue earned, treasury health, capital deployed, and governance discussions.
OIP-196 (price feed resilience) now live on the forum, proposing an improvement to the price feeds used by protocol contracts, particularly for ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5.
The configuration keeps backwards compatibility with the PRICE v1 interface while allowing PRICE to resolve assets from multiple sources and strategies.
New RFC now live, introducing a framework to evaluate tokenized real-world income assets as a new category of treasury backing.
Link 👇, with lots of great discussion happening in discord
As we enter the end of the first 11 days with OIP-194 in flight, I wanted to share some of the metrics that we're tracking.
The drip increase has produced balanced and meaningful activation across the user base which is great to see.
$OHM x @OlympusDAO x @origami_fi
Olympus, redesigned. The new app is now live with three main changes.
1) Pulse, the home of the app, now shows the protocol's revenue accumulating live and the operational state of every system and every on-chain action as it happens. Each system (YRF, Emission Manager, Cooler, CDs) is marked active, idle, or paused, with the thresholds that trigger state changes visible (e.g. $OHM premium needed to activate emissions). And a live feed runs underneath, transmitting every on-chain action as it happens.
2) CDs no longer live on a separate site. They share the same wallet and flow as the rest of the app, just in the sidebar now.
3) Engage, a new participation program, is coming soon. It’s built around convOHM, an option token that gives holders the right to purchase $OHM below market price. When it goes live, CD activity will accumulate Drachmas (points) that convert into convOHM.
We want to give an update in light of the KelpDAO bridge exploit.
1) The Olympus protocol is not directly affected. 2) Until the root cause of the exploit is known, we have preemptively disabled the bridging contracts on Ethereum mainnet, Optimism, Arbitrum, Base and Berachain.
OIP-195 is on the forum.
10M USDe into @aave liquid leverage, no directional exposure, net yield to the YRF for buybacks.
Deployment runs through the OIP-190 framework (hurdle rates, exit conditions, liquidity floors).
OIP-194 is live on the forum and heading to Snapshot this week.
Backing per OHM went up after OIP-191. This proposal accelerates how fast that increase reaches your borrowing capacity, expands the protocol's ability to take in new capital, and upgrades how buybacks execute.