Olympus DAO clone script is a DeFi-based exchange programming code that works in the same way as OlympusDAO. One may easily establish a DeFi with stringent security protocols using this well-structured clone script. BAD, the domain's leading DeFi-based exchange company, offers expert DeFi creation services on any blockchain network.
Olympus DAO Clone is a 100% clone of DeFi based exchange Olymbus DAO to build a Decentralized Finance Platform instantly with high secured features and functionalities. BlockchainAppsDeveloper being the leading DeFi Development Company provides DAO Development services on any specified Blockchain networks.
Script Type: decentralized finance clone script
Blockchain Network: any preferred network
Version: Version 1.0
Additional APIs: All prime APIs
Crypto wallet integration
The above are the primary characteristics embedded in our script, but this is not the end. We will add more features based on the requirements of the client.
Olympus is a “non-pegged stable coin” that is to be less volatile than convolutional cryptocurrencies where it is not pegged at any fiat currencies. However, the OHM token’s value is supposed to fluctuate dependent on the value of its underlying treasury of assets and DAO-set parameters.
This is accomplished by minting OHM when its inherent value is more than its intrinsic value and burning OHM when its intrinsic value is lower. The goal of the project is to create a crypto native curr4ency that can be used as a substitute for the US dollar or other fiat currencies.
The Olympus protocol has created a reserve cryptocurrency called OHM. However, OHM should not be confused with Tether or USDC which are both stablecoins. Consider the Olympus system to be the gold standard. It issues and backs OHM tokens with a reserve of valuable assets.
OHM is utilized to control the decentralized Olympus protocol in addition to being a treasury-backed reserve currency.
What happens in Olympus is not owned, controlled, or decided by anyone. Instead, holders of OHM tokens vote on the Olympus DAO's choices.
Rather than renting its liquidity, Olympus owns it. To better comprehend, let’s take a step back and discuss decentralized finance in a broader sense. Uniswap, curve, and sushi are all decentralized finance protocols that rely on users to provide liquidity. This bonding helps keep markets efficient and distribute liquidity, but it of bad for protecting the long-term value from market fluctuations.
There is also th issue of incentives to consider. Protocols must pay liquidity providers with larger returns to keep them on board. Olympus eliminates the problem of liquidity migration by holding its liquidity. It buys liquidity from its customer in exchange for discounted OHM tokens.
Olympus safeguards the value of the reserve-backed OHM tokens and keeps the protocol liquid by holding the vast majority of its liquidity. This allows Olympus to increase its treasury by reaping the benefits of its LP tokens, raising the reserve’s floor value which is the market value of assets in reserve, the protocol issues OHM to dilute supply and decrease the price. If the price of OHM falls below$1, the protocol will burn OHM from the supply to increase its value.
The architecture is constructed to stable the price of OHM tokens concerning the liquidity pool and to offer incentives to the investors in a clear proportion.
Bonding - Bonding is a method to obtain liquidity
Stacking- Stacking offers rewards for the protocol users.
Protocol owned liquidity- Protocol owned liquidity is the amount of liquidity provider the treasury earned and controlled. The more in POL is benefited for the users and protocol.
Manage treasury protocol- Manage treasury protocol is a prime protocol that handles all the assets in the protocol.
Business professionals believe Olympus DAO’s innovative strategy will have a significant impact on the DeFi ecosystem and there are two compelling grounds,
1. OHM token backed with its liquidity
Olympus DAO’s native token is the OHM token which they have acknowledged is not a stablecoin supported by their liquidity mechanism. The price of the token rises in lockstep with the platform’s increased liquidity. The platform owns the liquidity which functions as a free token whose value is determined by the market.
2. Liquidity owned, not rented
Other DeFi platforms such as PancakeSwap, UniSwap, and others rely on their users to fund liquidity pools, and therefore must reward more than they provide to keep them on the site. There is no guarantee of reliable, long-term liquidity there but in Olympus DAO, the platform owns all the assets in the liquidity protocol rather than rents. They give all investors with a collateral amount of OHM tokens ensuring that the platform is not reliant on their traders and that liquidity is guaranteed.
Olympus DAO has established a new standard and adopted a new philosophy. Many more cryptopreneurs would have drawn up business strategies to launch a platform like Olympus DAP, and the architecture of the OHM token is highly appealing to attract investors. Thus by launching a DeFi based exchange like Olympus DAO, you would be able to attract a large number of traders and investors to your platform with a promising return on investment. You will never regret starting a platform like this.
BlockchainAppsDeveloper is a leading Blockchain Development Company that offers top DeFi services for potential clients. Our team is ready to construct new technologies and business models because we are attentive observers in the crypto market.
Our professional development team has compiled a script for aspiring crypto entrepreneurs.