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Olympus is a cryptographic money system that aims to become a reliable crypto-native currency. Olympus is more analogous to a central bank than an algorithmic stablecoin since it employs reserve assets like DAI to maintain its price. The idea is to establish price stability while retaining a market-driven pricing that is free to fluctuate. The most significant distinction between OHM and stablecoins such as USDC is that OHM is backed but not fixed to a certain price. Technically, the price floor for OHM is 1 DAI, but in practice, a premium is applied to the price, as well as the treasury value. OHM is distinct from other algorithmic stablecoins, such as Ampleforth (AMPL), in that it uses OHM to purchase DAI and other assets and maintain a treasury. This method is identical to FEI, with the exception that FEI maintains a dollar peg whereas Olympus allows its token to float.For numerous reasons, Olympus has been dubbed one of the most intriguing economic experiments in the DeFi industry. Olympus has a treasury that mints and sells new OHM when it trades above its 1 DAI price floor, and buys back and burns OHM when it trades below it. A method known as bonding is used to issue OHM. Users can sell an asset to the Treasury, such as FRAX, DAI, or wETH, and get a reduced OHM in return. They can also opt to contribute FRAX-OHM or DAI-OHM to the SushiSwap liquidity pool in exchange for reduced OHM. After a five-day vesting period, the bond is redeemed.