Olympus DAO Governance | DAO Radar

Olympus DAO

Olympus DAO is a DeFi protocol focused on a decentralized reserve asset system. OHM holders participate in governance via Snapshot.

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Snapshot·Olympus DAO Snapshot

Discourse·Olympus DAO Forum

Olympus DAO

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Protocol Upgrade

OIP-191: Disable OHM v1 Migration Pathway

## Summary This proposal recommends permanently disabling the OHM v1 → OHM v2 migration pathway, which has been available for over 4 years at the time of writing. The gOHM currently in the migration contract will be burned. *OIP technical note from the author:* Amendment to account for technical implementation: The OIP will be posted to Snapshot on 24 December 13:00 UTC for 4 days. If the proposal passes, the 6 week period referenced will start at the passing of the Snapshot vote, and all...

proposal·0x389b…6746·Dec 24

closed

Treasury

OIP-190: Diversified Stable Reserve Deployment to Enhance Treasury Yield

## Summary: In support of OIP-188, this OIP expands upon a continued strategic reallocation of Olympus’ stable reserves. The objective is to grow the liquid backing of OHM through sustainable, transparent, and policy-bounded strategies, while maintaining sufficient liquidity for Cooler operations and risk management. ## Context & Rationale: The Olympus Treasury currently maintains significant stable exposure in sUSDS across on-chain reserves and lending venues (≈ $37 M combined). Recent...

proposal·0x389b…6746·Nov 12

closed

Treasury

OIP-189: Olympus Strategic Deposits into Peapods Finance

## Summary: This RFC recommends Olympus strategically deploy liquidity into Peapods Finance across two Pods: - $500,000 USDC into the pHOHMLONG Pod - 4,800 OHM into the pHOHM Pod These allocations target lending markets where utilization is currently at or near 100%, driving exceptionally high supply APRs. By deploying at size just above the kink point (92%), Olympus can capture strong yields, while also stabilizing funding markets for OHM-related strategies. ## Motivation: Attractive Yields:...

proposal·0x389b…6746·Oct 9

closed

Treasury

OIP-188: Addition of USDe and sUSDE as Olympus Reserve Assets

## Summary: This [OIP] recommends expanding Olympus’ recognized reserve assets to include USDe and sUSDe with the long term goal of using sUSDe for Cooler Loans, Treasury Reserves and float. At current rates: - sUSDS yields 4.75% (~$2.4m annualized, or ~$0.16 per OHM per year). - sUSDE yields roughly 7.8% (~$3.9m annualized, or ~$0.26 per OHM per year). This pivot represents a 64% increase in stablecoin interest income. On a $50m stable reserve base, the shift raises annualized reserve growth...

proposal·0x389b…6746·Oct 9

closed

Treasury

OIP-187 - Convert ETH and wETH Treasury Balance to Ether.fi weETH

## Summary: Olympus currently holds 129.3 ETH in the Treasury across native ETH and wETH. This RFC proposes converting these assets into Ether.fi WEETH, allowing Olympus to earn a sustainable yield and continuing to add to the ETH it holds on its balance sheet. ## Motivation: Olympus seeks to ensure that the blend and balance of its Treasury is both diverse and accretive over time. This growth in backing, will directly inform the speed at which this value is made available to holders via the...

proposal·0x389b…6746·Sep 30

closed

Misc

OIP-185 - Increase POL on Base to $1M TVL in Preparation for Coinbase DEX Launch

*Previous Governance Reference: RFC #5065 - Downsize POL* ## Summary: This RFC proposes increasing Protocol-Owned Liquidity (POL) on Base from the current ~$545k TVL to approximately $1M TVL by bridging additional OHM and USDC from mainnet. This move positions Olympus to rank higher among the most liquid protocols on Base, increasing our visibility and accessibility—particularly in light of Coinbase’s plans to launch their Coinbase DEX and prioritize highly liquid protocols first. ##...

proposal·0x389b…6746·Aug 15

closed

Treasury

OIP-184 - Onboarding RLP as collateral to the sUSDS Morpho Vault

*Posting on behalf of Gauntlet. Discussions will be held in the Morpho Channel on Discord* ## Summary: Gauntlet is excited to collaborate with the Olympus community to further scale the sUSDS Morpho Vault. We propose expanding market support beyond the existing Pendle PT-sUSDe exposure by onboarding Resolv’s RLP token. ## Motivation: Onboarding the RLP / sUSDS market will enhance the vault’s allocation strategy by allowing it to include delta-neutral, yield-generating strategies. ## Proposal:...

proposal·0x389b…6746·Jul 29

closed

Protocol Upgrade

OIP-183: Adopt Chainlink CCIP for Cross-Chain Bridging to Solana

## Summary This proposal seeks authorization for Olympus to utilize Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as canonical cross-chain asset bridging infrastructure, beginning with Solana. Olympus previously approved Solana POL deployment in OIP-173; this proposal aims to activate that deployment using CCIP as the bridging mechanism. While Solana will serve as the initial deployment, additional CCIP-supported chains may be integrated over time, subject to governance approval....

proposal·0x389b…6746·May 27

closed

Misc

OIP-182: Downsize POL

## Summary Proposal to reduce Protocol-Owned Liquidity closer to its state prior to Berachain expansion. ## Background When Berachains Proof of Liquidity (PoL) went live, we deployed Protocol-Owned Liquidity (POL) to participate with a flywheel of incentives<>rewards. The high degree of third party participation in the pool necessitated a significant expansion of POL to maintain profitability within this. Upon the Berachain Foundations changes to PoL barring any entity from receiving...

proposal·0x389b…6746·May 27

closed

Governance Process

OIP 181 - Berachain Q5 Scaling Strategy

## Summary: While Olympus has successfully extended its technical framework and liquidity onto Berachain, we are looking to expand the scope of our efforts and capitalize on the opportunities provided by the market. ## Key Performance Metrics: - 8% increase in Spot following launch of Proof of Liquidity earlier this week. - Protocol Owned Liquidity currently makes up $67.1m of the $102m in TVL and is receiving proportional inflows from POL. - $1-2m in daily volume through the LP - Strong...

proposal·0x389b…6746·Mar 28

closed

Risk/Incident

OIP-180: Hypernative offer to OlympusDAO - Security and Threat Prevention

*Snapshot note: this proposal has been truncated to fit in the 10,000 character limit. Full details of the proposal can be found at the linked discussion.* ## Summary A proposal to renew Hypernative’s 12-month engagement with OlympusDAO on continuous real-time monitoring and proactive threat prevention to enhance the resiliency and security of the OlympusDAO protocol and augment the DAO’s security operations, while minimizing the risk of hacks and exploits, loss of funds and prevent...

proposal·0x389b…6746·Mar 20

closed

Treasury

OIP-179: Funding Proposal

## Summary: Approve a convertible loan funding structure for Olympus Association for FY25. ## Background: Following the successful completion of OIP-155: 2024 Budget Proposal, the Association seeks funding approval for the 2025 Fiscal year, which runs from February 2025 to February 2026. Budgeted spend is expected to be similar to that which was outlined in the 2024 Budget proposal, with the possibility to flex as needed for additional dev and association resource needs, within reason. As...

proposal·0x389b…6746·Mar 1

closed

Treasury

OIP-178 - Olympus FY25 Liquidity and Incentivization Budget

## Summary: As Olympus continues its growth into FY25, we would like the support of the community to define and execute on a global incentive budget which will be used against our liquidity strategies. While part of this budget was defined in OIP-176, this OIP seeks to expand scope to include other liquidity verticals and define a comprehensive amount to work under. ## Proposal: Create a discrete FY25 budget for Liquidity Incentivization, with a not to exceed amount of 2,000,000 OHM. The main...

proposal·0x389b…6746·Feb 25

closed

Treasury

OIP-177 - Stable Reserves in Morpho Lending

## Summary: This proposal seeks community approval to create and fund an Olympus sUSDS Vault, curated by Gauntlet (https://www.gauntlet.xyz/) ## Background: Currently, the Olympus Treasury holds $54.6m of sUSDS in reserve and it earns the Sky Savings Rate (8.75% vAPR). By placing $30m of this reserve into an Olympus Morpho Vault, we believe these returns can be increased to 13% while taking managed risk through curated lending. The remaining $24.6m will be held in reserve in TRSRY or in the...

proposal·0x389b…6746·Feb 17

closed

Misc

OIP-176 – Engagement on Beradrome’s “Real Deal” Offer

## Summary: Beradrome has offered and earmarked a $500k portion of oBERA that is available for Olympus to receive as part of their “Real Deal” Berachain Launch Offer. We believe this will be a strong, capital efficient way for us to bootstrap liquidity into the newly formed OHM/HONEY pool, so we are requesting community approval to proceed. ## Proposal: Olympus will sign a “Real Deal” with Beradrome with the following terms: - $500k OHM will be placed into a hedgey.finance vesting contract...

proposal·0x389b…6746·Feb 10

closed

Parameter Change

OIP-175: Olympus Q5 Launch Strategy

## Summary: Olympus has a vested interest in the success of Berachain, being both a pre-pre investor and having aligned communities with similar interest and direction. To further this engagement, we propose the following plan to solidify OHM as powerful infrastructure in the Bera ecosystem. ## Background: On March 18, 2022, OIP-87-Berachain Investment + Strategic Partnership requested the OlympusDAO community to approve an investment and strategic partnership in Berachain, a project led by...

proposal·0x389b…6746·Feb 4

closed

Parameter Change

OIP-174: Perpetual YRF

## Summary: Do Not Disable YRF When Emissions Manager Activates ## Background: There was previous intent to disable the YRF above the Emissions Manager minimum premium of 100%. Convertible Deposits will generate perpetual external yield to be routed through the YRF. ## Proposal: Create the same YRF structure in anticipation of Convertible Deposits. The YRF is currently unaware of Emissions Manager status, so enacting this requires no changes. Guardian should simply not disable YRF upon...

proposal·0x389b…6746·Jan 11

closed

Misc

OIP-173: Reorganize POL

## Summary: Reorganize mainnet and cross chain POL. ## Background: Olympus currently has primary protocol-owned liquidity on mainnet, with smaller pools on Base and Arbitrum. The pools are all full-range OHM-ETH pairs, with $6m on mainnet, $340k on Base and $315k on Arbitrum. There is also an OHM-sUSDS pool on mainnet that spans ~$23.5-$58 with 330k OHM. ## Proposal: **Make the following changes to protocol-owned liquidity:** **Arbitrum:** - No change. **Mainnet:** - Change sUSDS pool's OHM...

proposal·0x389b…6746·Jan 6

closed

Treasury

OIP-172: Disable RBS

## Summary: If the Emissions Manager, which controls reserve bonds above a minimum premium, is installed, deprecate the RBS system until a future time. ## Background: RBS was implemented in late 2022 as a structure to reduce volatility in the OHM market as it contracted and found equilibrium. This was a resounding success and significantly validated the module, as you can see here. RBS has not done a trade in almost 3 months, and has only traded roughly $560k in the past 15 months. Thus, we...

proposal·0x389b…6746·Dec 3

closed

Treasury

OIP-171 – Creation of Single Sided OHM POL in an OHM/sUSDS Concentrated Liquidity Pool

## Summary: Increase protocol-owned liquidity to assist in market function with reserve bonds active via the new emissions manager. ## Proposal: Add 330,000 OHM to an OHM-sUSDS Uniswap V3 Pool between 23 and 57.5 USD equivalent per OHM (2-5x premium on current backing). Since there is enough OHM held in the DAO multisig to fund this proposal, snapshot should be binding and signal execution. ## Background: See full forum discussions here:...

proposal·0x389b…6746·Nov 19

closed

Governance Process

OIP-169: Ratification of YRF Continuance for 3 Months

## Context As described in OIP-163, this vote seeks to ratify the continuance of the Yield Repo Facility (YRF) for the next three months (~1/30/25). The Framework has a specific provision which requires quarterly analysis and re-ratification of the YRF. This OIP constitutes the analysis and ratifying vote. ## Analysis ![image](ipfs://bafkreihis5bawjgisx56rqbkeimhjpfg4knc2kied7cr3tqyrrv77h7ic4) To date, YRF has spent $3.2m DAI to acquire 215k OHM. The average price it has obtained is $15.21...

proposal·0x389b…6746·Nov 1

closed

Risk/Incident

OIP-167: Request to Make Consolidation Users Whole

At 7:49 AM CST on 9/21, our security partners at Hypernative detected unusual activity related to the recently deployed Cooler Consolidation Contract. After analyzing the situation, we identified the scope and nature of the attack and took immediate steps to mitigate it. As of block 20799042, the total amount affected is $29,383.58 in DAI and gOHM. Though the consolidator was not a core Olympus contract, due to the small impact of losses incurred, we propose to reimburse the impacted users...

proposal·0x389b…6746·Oct 4

closed

Governance Process

OIP-165: The Framework - Yield Repurchase Facility

*Snapshot note: this was originally posted on the forum as OIP-164 which is already taken by another proposal. To avoid collision, the number has been incremented to 165.* ## Summary: This proposal expands on OIP-163 (The Framework), implementing the same proposal with improved infrastructure via the Yield Repurchase Facility (YRF). ## Proposal: Implement the YRF, which uses Axis Finance (formerly known as Bond) protocol markets to convert DAI into OHM. The YRF calculates inventory to convert...

proposal·0x389b…6746·Sep 18

closed

Governance Process

OIP-164: Post Framework RBS Configuration Changes

## Summary: Following the adoption of the The Framework, this RFC seeks to open a brief discussion around adjusting a few key parameters in the RBS System that will ensure it is better turned for the current macro environment. ## Motivation: With the introduction of DSR yield being directed towards buying back OHM, it is important that we appropriately tune the upper quadrant of RBS so that it can create bond markets efficiently and effectively given the new market operations. Following the...

proposal·0x389b…6746·Aug 19

closed

Treasury

OIP-163: The Framework

*Snapshot note: OIP-161 nunber has been taken already by the Layer Zero airdrop. This OIP is being posted as 163 to avoid conflicts.* In support of OIP-163 (https://forum.olympusdao.finance/d/4520-oip-161-the-framework-final), this Snapshot seeks to receive community approval to execute with one of the following configurations. **Option 1** - Adoption of The Framework, including uncapped, levered buyback of OHM with a budget that is not to exceed realized weekly inflows from DSR. If this is...

proposal·0x389b…6746·Aug 1