OlympusDAO
What exactly is DeFi 2.0?
Decentralized Finance (or simply DeFi) is a term created by the Ethereum community to refer to an ecosystem of financial applications built on top of blockchain networks to remove any aspect of centralization implemented within smart contracts.
Scalability, liquidity, security, capital efficiency, and other issues plague DeFi. DeFi 2.0 is an improved version of DeFi that aims to address existing flaws while maximising the virtues of the present DeFi, allowing users to explore even more exciting possibilities. DeFi 2.0 refers to a few developing DeFi projects that aim to revolutionise the prevalent challenges related to liquidity provisioning and incentivization in the context of liquidity.
One solution that has risen to the forefront of the DeFi community in 2021 is OlympusDAO's bonding model, which focuses on Protocol-Owned Liquidity (POL).

What is OlympusDAO

Olympus is a new Decentralized Autonomous Organization (DAO) that aims to create a currency that can compete with the dollar. OlympusDAO (OHM) is a system for exchanging LP tokens for Bonds, which reduces the frequency of farm and dump situations while still providing long term liquidity. OHM, the company's native token is not a stable coin. It is a free floating currency backed by a treasury baskey of assets. OlympusDAO expects that by focusing on supply growth rather than price appreciation, OHM will be able to serve as a currency that maintains its purchasing power despite market turbulence. A group of anonymous users known only as "Zeus." "Apollo." "Unbanksv." and "Wartul." established the protocol. Through snapshot voting, all choices are made by token holders and are formed by community members on the forum.

What is OlympusDAO, and how does it work?

Treasury is what allows you to buy bonds, which is effectively the exact mechanism that allows you to acqyire OHM tokens at a discount from a treasury. You must purchase another token or coin to be eligible for the discount.
Staking and bonding are te two primary tactics that users might use. All are linked to the OHM token, making it easier to utilize. There is also the option of selling. Staking and bonding are thought to be advantageous to the procedure, whereas selling is thought to be harmful.
Staking is passive, long term approach. Staking is a method of locking up cryptocurrency in order to earn incentives and interest. To earn more OHM, you must deposit you OHM. On the Olympus website, followers stake their OHM. You lock OHM and receive an equal amount of OHM when you stake.
Bonding is a short term strategy that pays OHM well while also allowing bonders the opportunity to profit. Olympus can use bonding to build up its own liquidity.
Olympus will allow OHM tokens to be created as long as the price remains at $1. The only risk associated with this type of investment is that OHM prices may collapse.
What are (3,3) and (1,1)?
It exhibits a concept from game theory (3,3), which states that everyone would benefit the most if everyone collaborated. Within the matrix, the best case scenario is for you and everyone else on the blockchain to stake the token, while the worst case situation is for everyone to sell their holdings.
The Olympsu protocol benefits from staking(+3) and bonding (+1).
The protocol suffers when (-1) is sold on the market.
When users stake their OHM on Olympus website, the ideal scenario for the protocol is 3+3=6 points. When consumers sell their OHM tokens, the worst case scenario is -1-1=-2.

What exactly is a fork?

According to Coinbase, most digital currencies have their own development teams in charge of network updates and upgrades, similar to how changes in internet protocols allow web browsing to improve over time. As a result, a fork may occur to improve a coin's security or provide new features. However, a fork can be used by the developers of a new cryptocurrency to create entirely new coins and ecosystems.
Forks work by making modifications to the blockchains software protocol. The most typical method is to start over with new tokens. This entails "copying and pasting existing code, then modifying it and launching it as a new token." People must be persuaded to adopt the new cryptocurrency, and the network must be constructed from the ground up.
There is also the option of forking an existing blockchain. Changes are made to the existing blockchain rather than starting from the beginning. Because the network is shared, two versions of the blockchain are formed.
Hard forks and soft forks are the two types of forks. The emergence of Bitcoin cash from Bitcoin is a fantastic example of a hard fork. Upgrades to the software are typically implemented using soft forks.

How to Start an OlympusDAO Fork of Your Own

Dozen more forks have been inspired by OlympusDAO's success. The OlympusDAO codebase has developed a swarm of forks. Wonderland is based on the Avalanche blockchain and is essentially a one to one fork of Olympus, according to an unknown contributor to OlympusDAO.
Wonderland is a fork of Olympus, and it uses the same bonding mechanism to buy TIME at a discount in return for critical liquidity pairs like TIME-AVAX and TIME-MIM. Wonderland, like Olympus, includes a staking system that offers to remove tokens from the market in return for rebases.
Other OlympusDAO forks, such as Kilma, RomeDAO, TemplarDAO, SnowBank, HectorDAO, Spartacus and others are attempting to mimic the OlympusDAO model.
Anyone can clone the git repository and create a similar blockchain setup because the Olympus programs are open source. Making a fork of an existing blockchain, such as OlympusDAO, saves money on development because the procedure isn't as time consuming as creating your own specialized cryptocurrency from scratch.
Wonderland is a branch of OlympusDAO (OHM), which means that Wonderland built its project using the OlympusDAO framework.
You will need developer abilities if you want to establish your own OlympusDAO. Because the software for OlympusDAO is open source, it can be copied and updated. A project fork occurs when engineers take a copy of source code from one software package and begin developing it independently, resulting in the creation of a distinct and different peice of software.
Developers take a lawful copy of the code from a software package and develop a new version of the product by modifying it. This means that this type of software can be forked lawfully without seeking prior authorization from those in charge of the distribution effort. Free and open source software makes this possible and legal, which does not violate any copyright laws.
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What is OlympusDAO
What is OlympusDAO, and how does it work?
What exactly is a fork?
How to Start an OlympusDAO Fork of Your Own