Olympus Finance 2 logo

Olympus Finance 2

Total Users
- No data available.
Rewards
chest
chest
chest
chest
Volume
The fiat value of incoming dapp transactions over a period of time
- No data available.
Contract Balance
The total fiat value of assets in a dapp's smart contracts
- No data available.
Category
- No data available.
Blockchain
Fantom
Language
- No data available.

News

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.
user avatar

Miguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.
user avatar

Luis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.
user avatar

Arif Mukhtar

What is Olympus Finance 2?

Olympus Finance 2 is inspired by previous algorithmic stable protocols such as Tomb Finance. Like 2OMB Finance, this protocol uses three tokens (THERMES, TARES, TPLUTO) to incentivize a stable 1:1 peg to $FTM.

Contents:

Olympus Finance 2 - dapp.expert

About Olympus Finance 2

The mechanism, underlying the Olympus Finance 2 protocol, dynamically adjusts the $THERMES supply, raising or lowering its price relative to the $FTM price.

Inspired by the original idea of Tomb, Olympus Finance 2 is a multi-token protocol that consists of the following three tokens:

1. Peg Token ($THERMES).
2. Share Token ($TARES).
3. Bond Token ($TPLUTO).

Olympus Finance is implementing something new and exciting. You will be able to stake your previously earned $THERMES tokens (without any fees) and get powerful $TZEUS tokens.

THERMES token is intended to be used as a medium of exchange. The stability mechanism, built into the protocol, aims to maintain the binding of THERMES to 1 FTM in the long term.Olympus Finance 2

The initial supply will be 25,000, fully dedicated to Genesis Pool Rewards. TARES is one way to measure the value of the OlympusFinance 2 protocol and shareholder confidence in its ability to keep THERMES close to the peg at all times. During the expansion of the epoch, the protocol issues THERMES and distributes them proportionally to all TARES holders who have placed their tokens in the boardroom.

TPLUTO — unique tokens that can help to stabilize the THERMES price around the 1 FTM anchor by reducing the THERMES circulating supply if the TWAP (Time Weighted Average Price) drops below the 1 FTM anchor. TPLUTO can only be purchased during contract periods when TWAP TERM is less than 1.

More about defi app

Each new era during periods of contraction, TPLUTOs are issued at a rate of 3% of THERMES' current turnover, with a maximum debt of 35%. This means that if the bonds reach 35% of THERMES' circulating supply, the bond issuance is terminated. You can buy TPLUTOs, if any, through a bond on Olympus Finance, anyone can buy as many TPLUTOs as they want as long as they have enough TERMs to pay for them. There is a limit on the number (3% of THERMES current circulating supply) of TPLUTOs, available during the cutback period, and they are sold on a first come, first serve basis.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.