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What is Olympus DAO (OHM) - DeFi Star or Ponzi Scheme? - weway29689 - 06-15-2023

Olympus DAO is a decentralized autonomous organization that was introduced on the Ethereum blockchain in March 2021,. It emerged with the core objective of adding transparency and stability to the DeFi ecosystem. It does have its native token also known as “Olympus DAO”, which is also recognized as the stable currency of the protocol and governance token. Counted among the most highly recognized and innovative DeFi projects, it has added a new definition to the mechanism of conducting financial interactions in the crypto world.  Further, the secondary objective of this platform is to add deep liquidity to the OHM currency for making it easily available for the investors so that they can utilize it against other crypto assets. To be precise, it aims at preserving the purchasing power of the investors. To know more about this service provider and extract reliable information relating to the same, you can unhesitatingly reach out to its official website. It also supports the staking function and the expected annual yield that people can generate out of them is around 7.35%. In addition to this operation, investors can also take advantage of or participate in “Bonding”- a pathway for users to trade at discounted prices. The aim behind trading several tokens against OHM is to help Olympus in securing around 99% liquidity. To be noted, OHM is not marked as a stablecoin rather it is defined as a Web3 native asset that helps in preventing purchasing power and also carries deep liquidity across the complete ecosystem.


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