We are pleased to announce that InsurAce.io has listed one of the most exciting projects in crypto right now: Olympus
With the emergence of the next Mega Trend in crypto, DeFi 2.0, it is projects like Olympus that are leading the charge, offering huge returns for investors.
What is Olympus?
Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX) in the Olympus treasury, giving it an intrinsic value that it cannot fall below.
Olympus also introduces unique economic and game-theoretic dynamics into the market through staking and bonding. Read more about the game theory aspect of Olympus in one of their blog posts.
InsurAce.io will begin offering coverage for Olympus on Ethereum, BSC, Polygon & Avalanche.
Initial annual premium: 4.5%
Initial capacity:
– Ethereum: $3M
– Avalanche: $3M
– BSC: $2M
– Polygon $2M
The goal of Olympus is to build a policy-controlled currency system, in which the behavior of the OHM token is controlled at a high level by the DAO. In the long term, they believe this system can be used to optimize for stability and consistency so that OHM can function as a global unit-of-account and medium-of-exchange currency. In the short term, they intend to optimize the system for growth and wealth creation.
About Olympus
Olympus is a decentralized financial reserve that provides sustainable compounding interest through its community-owned and protected treasury.
Olympus Pro | Twitter | Discord | Medium | Forum
About InsurAce.io
InsurAce.io is a decentralized multi-chain insurance protocol, to empower the risk protection infrastructure for the DeFi community. InsurAce.io offers portfolio-based insurance products with optimized pricing models to substantially lower the cost; launches insurance investment functions with flexible underwriting mining programs to create sustainable returns for the participants; and provides coverage for cross-chain DeFi projects to benefit the whole ecosystem.
At the time of writing, InsurAce.io has provided coverage to 80+ protocols, safeguarding over $110M DeFi assets on 10+ public chains.
InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital, LongHash Ventures and a dozen of other top funds.
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