OlympusDAO |Smart, Money|

$OHM: A programmatic treasury-backed framework for monetary policy, credit, and liquidity.

[OlympusDAO |Smart, Money| @OlympusDAO]

Convertible Deposits are now LIVE!

The first tranche opened and demand surged, exceeding capacity by two and a half times in the first eleven minutes.

If you have been waiting to participate, the signal is clear.

Stay ready for the next phase.

[Chainlink @chainlink]

NEW: @OlympusDAO has deprecated its legacy bridge & fully migrated to Chainlink CCIP as the canonical cross-chain infra for $280M+ of OHM.

Every OHM transfer across all seven supported chains runs on CCIP.

The great Chainlink CCIP migration continues.

[OlympusDAO |Smart, Money| @OlympusDAO]

@chainlink If you hold OHM on any of these networks, just use the bridge page in the app 👉https://t.co/sPcYE6DGrt

[OlympusDAO |Smart, Money| @OlympusDAO]

$OHM bridging has fully migrated from LayerZero to @chainlink CCIP as the canonical bridge for OHM.

Building on our existing CCIP connection to Solana, the migration brings OHM on Arbitrum, Base, Berachain, and Optimism to CCIP while expanding it to Robinhood Chain for the first time, over all seven chains supporting OHM. Holders on those networks don't need to do anything, and their token addresses stay the same.

OHM sent from Ethereum is locked in a pool there and released when it comes back, so moving OHM between chains doesn't change how much OHM exists.

The upgrade was approved onchain in OIP-198.

[OlympusDAO |Smart, Money| @OlympusDAO]

Weekly Digest (Oct 26 - Nov 1) recap 👇

(1) Holders approved one bridge system for $OHM across seven chains. OIP-198 passed onchain: Arbitrum, Base, Berachain and Optimism will join Solana on Chainlink CCIP, and Robinhood Chain will get its first $OHM route.

(2) Revenue $67.2K/wk: $sUSDe $27.5K, convertible deposit borrow interest $21.6K, Cooler interest $12.8K, plus $sUSDS and liquidity fees.

(3) 418 $OHM bought and burned through the Yield Repurchase Facility (YRF).

(4) The Cooler drip ramp OIP-194 set on April 25 finished on October 27 at $3,123 USDS per gOHM.

[Origami Finance @origami_fi]

⚠️UPDATE⚠️

✅The origami[.]finance front-end has been fully restored and vaults have been unpaused.

Smart contracts were unaffected by this registrar service incident and no Origami Finance user funds were compromised.

[OlympusDAO |Smart, Money| @OlympusDAO]

All Olympus treasury and protocol operations have NOT been impacted by the Binance hack.

Stay vigilant out there.

[OlympusDAO |Smart, Money| @OlympusDAO]

While Origami resolves their DNS security issue, please do not visit origami[.]finance.

[Origami Finance @origami_fi]

⚠️SECURITY NOTICE⚠️

While the origami[.]finance DNS was restored shortly following initial security notifications, vaults remain paused awaiting root cause analysis from Vercel / name[.]com to make sure the attack vector has been removed.

🚨Out of an abundance of caution: do not access origami[.]finance in the meantime.🚨

[OlympusDAO |Smart, Money| @OlympusDAO]

Weekly Digest (Oct 19 - 25) recap 👇

(1) OIP-198 is live for an onchain vote (voting ends Nov 2). It puts $OHM on one bridge system across seven chains on Chainlink CCIP, including a first route to Robinhood Chain.

(2) Revenue $65.1K/wk: $sUSDe $27.1K, convertible deposit borrow interest $21.6K, Cooler interest $12.8K, plus $sUSDS and liquidity fees.

(3) 419 $OHM bought and burned through the Yield Repurchase Facility (YRF).

(4) The Cooler drip reaches $3,123 USDS per gOHM on October 27, the end of the ramp OIP-194 set on April 25.

[OlympusDAO |Smart, Money| @OlympusDAO]

Vote 👉 https://t.co/Wgx49dGmNn

[OlympusDAO |Smart, Money| @OlympusDAO]

OIP-198 is live for onchain voting.

It puts $OHM on one bridge system across seven chains. Arbitrum, Base, Berachain and Optimism join Solana on Chainlink CCIP, Robinhood Chain gets its first $OHM route, and the Ethereum bridge pool comes under onchain governance.

Voting ends Nov 2.

[OlympusDAO |Smart, Money| @OlympusDAO]

Weekly Digest (Oct 12 - 18) recap 👇

(1) The treasury converted part of its stablecoin reserves into $weETH. It now holds 589 weETH, about $1.55M.

(2) Revenue $63.8K/wk: $sUSDe $25.4K, convertible deposit borrow interest $21.6K, Cooler interest $12.8K, plus $sUSDS and liquidity fees.

(3) 429 $OHM bought and burned via the Yield Repurchase Facility (YRF), at an average of $19.86.

(4) The Cooler drip is 96% through its ramp and reaches $3,123 USDS per ethereum:0x0ab87046fbb341d058f17cbc4c1133f25a20a52f on October 27.

[OlympusDAO |Smart, Money| @OlympusDAO]

Weekly Digest (Oct 5 - 11) recap 👇

(1) Blockworks launched an Olympus dashboard: revenue, buybacks and backing as an income statement, cash flow and daily charts, public with no login. https://t.co/T8MhcAKoCQ

(2) Revenue $66.2K/wk — $sUSDe $26.0K, convertible deposit borrow interest $21.6K, Cooler interest $12.8K. $sUSDS $2.9K.

(3) 417 $OHM bought and burned via the Yield Repurchase Facility (YRF) on all seven days, at an average of $20.25.

(4) The Cooler drip is 92% through its ramp, moving toward $3,123 USDS per $gOHM by October 27.

[OlympusDAO |Smart, Money| @OlympusDAO]

@MessariCrypto LFG. Full primer by @blockworksres 👉 https://t.co/RSIree5C33

[Blockworks Research @blockworksres]

https://t.co/Xu3jyIAbft

[Blockworks Research @blockworksres]

https://t.co/Xu3jyIAbft

[OlympusDAO |Smart, Money| @OlympusDAO]

Full primer on the dashboard, put together by the @blockworksres team: https://t.co/hpU6Dw5LRC

[Blockworks Research @blockworksres]

https://t.co/Xu3jyIAbft

[OlympusDAO |Smart, Money| @OlympusDAO]

Come check us out on Blockworks.

7 tabs...65+ charts

[Blockworks @Blockworks]

NEW: Now tracking @OlympusDAO, the DeFi protocol behind OHM.

Track OHM, protocol financials, Cooler lending, supply and issuance, backing and solvency, and security reviews in a new public dashboard.

[OlympusDAO |Smart, Money| @OlympusDAO]

Weekly Digest (Sep 21 - 27) recap 👇. Join us in Discord this Thursday for the monthly community call.

(1) OIP-198 is on the forum, proposing ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5 bridging through Chainlink CCIP between Ethereum, Arbitrum, Optimism, Base, Berachain and Solana.

(2) Revenue $65.8K/wk — $sUSDe $27.0K, convertible deposit borrow interest $20.6K, Cooler interest $12.7K, ethereum:0xa3931d71877c0e7a3148cb7eb4463524fec27fbd $3.2K, liquidity fees $2.3K. $5.87M of convertible deposits opened on Sep 21.

(3) 414 ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5 bought and burned via the Yield Repurchase Facility.

(4) The Cooler drip is 85% through its ramp, moving toward $3,123 USDS per gOHM by October 27.

[Relwyn (3, 3) @o0Tonebraker0o]

Everybody have a lovely and delightful weekend!

@ethena x ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5

[OlympusDAO |Smart, Money| @OlympusDAO]

Ethena’s been a core part of our treasury stablecoin strategy, with sUSDe putting treasury reserves to work.

As they expand into pairing tokenized stocks with equity perpetuals, they’re broadening the sUSDe opportunity set beyond crypto-native funding markets…More revenue sources should create stronger yield on the 22 million in reserves we already hold.

[Ethena @ethena]

Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch.

This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets.

As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception.

Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders.

Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period.

We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle.

Allocations begin today.

[Jason Beckerman @jsbeckerman]

Officially marking it...the next chapter in @OlympusDAO The Slow and Steady March To Infinity