OHM Price Prediction

Get insights on OHM price prediction for 2023, 2025, and 2030 - Olympus (OHM) is an algorithmic currency protocol that aims to become a stable crypto
Olympus (OHM) is an algorithmic currency protocol that aims to become a stable crypto-native currency. It uses reserve assets like DAI to manage its OHM price to achieve price stability while maintaining a floating market-driven price. OHM differs from other stable coins because it is backed but not pegged to a certain price.
Olympus is run as a DAO and was founded by anonymous accounts going by the names of “Zeus,” “Apollo,” “Unbanksy,” and “Wartul.” Olympus has a treasury that mints and sells new OHM when it is trading above its price floor of 1 DAI and buys back and burns OHM when it is trading below that.
OHM is issued by a process called bonding. Users can stake OHM, which reduces the supply of OHM on the open market and creates value for the protocol. Currently, over 1.7 billion OHM are staked in the network. OHM is an ERC-20 token on Ethereum, and the network is governed as a DAO.

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