OlympusDAO |Smart, Money|

Convertible Deposits are now LIVE! The first tranche opened and demand surged, exceeding capacity by two and a half times in the first eleven minutes. If you have been waiting to participate, the signal is clear. Stay ready for the next phase.

OIP-194 is tracking to plan beautifully. Here are the current metrics on engagement: $OHM

Vote on the forum at forum.olympusdao.finance/d/5351-oip-196…

OIP-196 (price feed resilience) now live on the forum, proposing an improvement to the price feeds used by protocol contracts, particularly for ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5. The configuration keeps backwards compatibility with the PRICE v1 interface while allowing PRICE to resolve assets from multiple sources and strategies.

Go one level deeper on the new pulse dashboard to see the treasury's balance sheet, its assets & liabilities, the protocol flywheel, and the status of each mechanism (Cooler, YRF, CDs): app.olympusdao.finance/#/pulse/overvi…

The Olympus Weekly Pulse is now out. The digest (this one's May 11 - 17) covers key protocol activities, revenue earned, treasury health, capital deployed, and governance discussions.

New RFC now live, introducing a framework to evaluate tokenized real-world income assets as a new category of treasury backing. Link 👇, with lots of great discussion happening in discord

2/ blockchainreporter.net/olympus-direct…

1/ A deep-dive Q&A on our $155 million buyback program with the @blockchainrptr 🧵

Join us for the Olympus Community Call on May 07, 2026 at 15:00 UTC. Get protocol updates, treasury insights, and a look at what the team’s building. We'll wrap with a live Q&A. Where: discord.gg/OlympusDAO

Olympus, redesigned. The new app is now live with three main changes. 1) Pulse, the home of the app, now shows the protocol's revenue accumulating live and the operational state of every system and every on-chain action as it happens. Each system (YRF, Emission Manager, Cooler, CDs) is marked active, idle, or paused, with the thresholds that trigger state changes visible (e.g. $OHM premium needed to activate emissions). And a live feed runs underneath, transmitting every on-chain action as it happens. 2) CDs no longer live on a separate site. They share the same wallet and flow as the rest of the app, just in the sidebar now. 3) Engage, a new participation program, is coming soon. It’s built around convOHM, an option token that gives holders the right to purchase $OHM below market price. When it goes live, CD activity will accumulate Drachmas (points) that convert into convOHM.

5/ The drip runs at $0.864 per gOHM per day. Across the ~40,291 gOHM currently posted as collateral in Cooler, that's roughly $34,800 of new borrow capacity unlocking each day.

4/ Until Friday, the drip ran at $0.10 per gOHM per day. That rate was set when backing was $11.59. The OIP-191 burn lifted backing to $12.10, and the additional $0.49 of headroom hadn't yet flowed into the LTV ceiling. Proposal 14 routes it there over the next six months.

1/ Cooler loan's borrowing cap will now rise ~8x, unlocking ~6M+ of borrowing capacity via proposal 14 which passed on-chain Friday. 🧵

two more days left to vote for OIP-194A on-chain

new UI incoming...stay tuned

We want to give an update in light of the KelpDAO bridge exploit. 1) The Olympus protocol is not directly affected. 2) Until the root cause of the exploit is known, we have preemptively disabled the bridging contracts on Ethereum mainnet, Optimism, Arbitrum, Base and Berachain.