Staked Olympus (SOHM)

Staked Olympus (SOHM) is a community-owned, decentralized, and censorship-resistant reserve currency that aims to be the future of decentralized finance. It is an asset-backed, deeply liquid currency designed for widespread use across Web3. The protocol boasts a treasury balance of $333,000,000 and has over 120,000 holders. Additionally, there are 50+ unique tokens held in the treasury, contributing to the stability and value of the currency.

Participation in Staked Olympus is facilitated through staking and bonding. Stakers play a crucial role in the ecosystem by depositing their OHM tokens into the protocol, contributing to the long-term price stability of the currency and gaining governance rights. Bonding allows users to trade various tokens for SOHM at a discounted price, providing additional liquidity and reserve assets to the protocol. Notably, 99% of all liquidity is owned by Staked Olympus.

Staked Olympus aims to address the reliance on centralized, censorable stablecoin assets in the Web3 ecosystem. It offers OHM as a non-pegged, Web3-native reserve currency that helps users preserve purchasing power, has wide liquidity, and is trusted backing for decentralized assets. OHM is backed by a basket of assets in the treasury, ensuring its value while allowing for trading above its initial $1 value. Staked Olympus seeks to become the go-to reserve currency in the decentralized finance space with a focus on price stability, liquidity, and governance.