Wrapped Staked Olympus (WSOHM)

Wrapped Staked Olympus (WSOHM) is a community-owned, decentralized, and censorship-resistant reserve currency that aims to become the future decentralized reserve currency of the Web3 financial ecosystem. With an asset-backed and deeply liquid structure, WSOHM is set to be widely used across the Web3 space. The protocol boasts a treasury balance of $333 million and over 120,000 holders, providing a robust and growing foundation for stability and confidence in a volatile system.

Participating in the Olympus ecosystem can be done through staking or bonding. Stakers play a crucial role by depositing their OHM tokens into the protocol, contributing to long-term price stability while receiving pro rata shares of rebases and governance rights. On the other hand, bonding allows users to trade various tokens for WSOHM at a discounted price, providing additional liquidity and reserve assets to the Olympus treasury. With 99% of all liquidity being owned by Olympus, the protocol ensures stability and control.

Olympus addresses the need for a censorship-resistant currency that preserves purchasing power and has widespread adoption across the Web3 ecosystem. As a decentralized reserve currency governed by the Olympus DAO, WSOHM aims to offer deep liquidity, act as a unit of account alongside other assets, and serve as trusted backing for other decentralized assets. With its non-pegged structure and asset-backed model, OHM helps users preserve purchasing power and enhances confidence in a market reliant on centralized, censorable stablecoin assets.