Olympus DAO Clone Script | Olympus DAO Fork

Olympus DAO Clone Script 

Olympus DAO brings quite a new aspect to Decentralized Finance as well as stablecoins. if you look at it just as a Platform, you will find no difference. But, the things behind the working of Olympus DAO hold huge potential to impact the DeFi ecosystem.

Olympus DAO Clone 

Olympus DAO Clone Script is an alternative source code of DeFi-based exchange olympus DAO, programmed to work just as olympus DAO. With this finely developed clone script, one can build a DeFi instantly with tight security protocols. Bitdeal being the proficient company in the domain provides acute DeFi Development services on any specified Blockchain network. 

Specifications of Olympus DAO Clone

• Blockchain Network: Any preferred Network

• Version: Version 1.0

• Additional APIs: All Prime APIs (custom)

• Script Type - Decentralized Finance Clone Script 

• Issuance Blockchain - Ethereum

Features Of Olympus Clone 

• Crypto Wallet Integration

• Swapping

• Farming

• Liquidity Pools

• Staking

• Voting

• IFO

• Lottery

• Bonding

The above listed are our prime features embedded in our script, but not limited to. we integrate additional features and functionalities based on clients' requirements.

How does Starting a Platform like Olympus DAO benefit you?

Olympus DAO has set a new trend and adopted a new ideology. obviously, many more cryptopreneurs would have framed business plans to start a platform like olympus DAO and the structure of the OHM token is quite attractive and more likely to grab investors towards it, thus by starting a DeFi-based exchange like Olympus DAO, you will get a wide range of traders and investors for your platform and the ROI will be promising. You won’t regret at any stage for starting a platform like this.

Metrics of Olympus clone script 

• Rate of return of staking OHM

• The total value of the treasury

• Categories of Treasury Assets

• Cost of OHM

• Discount rate of bonding

Olympus DAO Fork

Consider a blockchain network, whenever the community changes the set of protocols or certain rules, the primary chain of the blockchain splits into two chains, and the newly split secondary chain is called a fork. The fork chain holds all the data from the first transaction of the blockchain. Generally, it is classified as a soft fork and a hard fork. A soft fork does not bring many changes to the blockchain, We can compare it to a software upgrade whereas a hard fork is considered as the new version of the blockchain.

Eight Popular Forks Of Olympus DAO

• Wonderland (TIME)

• Klima DAO (KLIMA)

• Rome DAO (ROME)

• Snowbank (SB)

• Hector DAO (HEC)

• Spartacus (SPA)

• Invictus (IN)

• TaiChi DAO (TAC)

Olympus DAO - The Glimpse

Olympus DAO is a DeFi-based blockchain project released in the month of February 2021 by an anonymous person named Zeus.

It comes with the unique approach for its native token, OHM .most of the stable coins are backed by USD but the  dollar is under the control of US territory. Olympus DAO wants to come out of all the boundaries and make its token value that backs its own treasury. 

What is Olympus DAO? 

Olympus DAO is known as a Decentralized Autonomous Organization (DAO) which is mainly focussed on protocol-owned liquidity (POL) leading DeFi 2.0 that solves decentralized finance problems with liquidity rewards. The main goal is to create a transparent and stable DeFi ecosystem for its community. 

Olympus is a native token, a treasury-backed, liquidity-enabling token on the Ethereum network. Olympus is a decentralized reserve money that depends on OHM tokens backed by a portfolio of Olympus treasury assets. This creates a policy-controlled currency system so OHM token's behavior can be controlled by Olympus DAO at high level. OHM can act as a medium of exchange currency in the global unit of account. 

Reserve currency

The reserve currency is a significant amount of money. that is kept on hand by central banks or other financial institutions to prepare for investments, transactions, and foreign debt commitments. In order to pay for these products, the reserve protocols use gold and oil to price a substantial percentage of commodities to hold this currency. 

The Architecture Behind Olympus DAO

The Architecture is designed to keep the price of OHM Token in accordance with the liquidity pool and to provide incentives to the investors in accurate proportion.

Bonding Mechanism: This mechanism lets the platform to acquire its own Liquidity
Stacking: OHM Token Stacking provides rewards for protocol users 
Managed Treasury Protocol: It's a prime protocol that holds all the assets in the protocol
Protocol-owned liquidity: This is actually the amount of Liquidity Provider the treasury earned and controlled. The more in POL, the better for the users and protocol.

How does Olympus DAO Work?

For supply expansion restriction, Olympus DAO uses protocol-managed treasury (PMT), protocol own liquidity (POL), bonding and staking mechanism, so that any profit made from the bond sales directly goes to the treasury immediately and the OHM tokens are distributed to the investors. 

Olympus DAO offers a high rate of return to the OHM token and urges the holders to stake their token on the staking pool, which motivates the investors to bond or purchase OHM on the open market. This helps to not only increase the token price but also preserves the liquidity pool.

Working process of Olympus DAO Clone:

• Investors can purchase OHM tokens and stake them in the pool to earn compound interest.

• Buy more tokens on the market or bond their assets to the protocol, so investors can acquire more OHM tokens at a discount price. 

• The protocol of the liquidity providers is locked, so using LP tokens the system creates trading fees. 

• The protocol develops a way to pay the investors their compound interest to produce a return with the tokens in the treasury. 

How has Olympus DAO sharpened the DeFi Ecosystem?

Business people think the unique approach of Olympus DAO would make a huge impact in the DeFi ecosystem, there are two solid reasons behind these statements

1. Liquidity Owned, Not Rented

When we have a look at other Defi Platforms like Pancakeswap, Uniswap, etc, they ultimately depend upon their users to fund liquidity pools and they need to reward the users more than they give to let them stay in the platform. There is no assurance of stable sustained liquidity there but in Olympus DAO, the platform owns all the assets in the liquidity protocol, not rented. they provide the collateral amount of OHM tokens to all the investors so the platform is not dependent on their traders in any concerned and the liquidity is promised.

2. OHM Token Backed with its own liquidity.

The Native token of Olympus DAO is OHM Token, they have stated it is not a stablecoin which is backed with its liquidity protocol. The price of the token spontaneously increases with the rise in the liquidity of the platform. The liquidity is actually owned by the platform, it acts as a free token and the market decides its value.

OHM - Tokenomics

The Price of one OHM - $62.35 (At the time of writing)
Total supply - 10,706,607
The Circulating supply - 9,793,039

Some more information about OHM, 

OHM is not a stablecoin which is Backed by algorithmic reserve currency of digital assets. The Value of OHM can fall back and forth as gold, It is designed in a way that the crypto market decides the value of the token.

The Deal for Great Gains - (3,3) (1,1) 

The deals (3,3) and (1,1) the unique deals with Olympus DAO derived from game theory which are designed with the context to provide great revenue for everyone. The user can take three actions.

• Staking (+2)

• Bonding (+1)

• Selling (-2)

The platform states that staking and bonding is a kind of beneficial act for the platform, while selling is a deflation act. The investor needs to buy OHM tokens to participate in staking. 

Consider two doers,

• If two stakes, the action is good for the user and protocol (3+3 = 6 ).

• If one stake and another person bonds, the value would form like this (3+1 = 4).

• When the scenario when one sells and the other stakes or bonds, the result would be

•  (1-1 = 0)

• when both sell, the action is stated as not good for the protocol and user (-3-3 = -6)

Defi Exchange Platforms like Olympus DAO and Its Cost

Olympud DAO has trusted the future and has introduced unique and innovative ideas. Bideal helps you to create your own DeFi-based exchange like the Olympus DAO platform that attracts more investors, and traders and attains high ROI. Entrepreneurs can earn high profits by developing decentralized platforms like Olympus DAO, we provide customized Olympus DAO development services for businesses, startups, and enterprises. 

Our Olympus DAO Clone Script has exclusive features, benefits, and other great opportunities that bring your business a great success. The cost of developing Olympus DAO Clone depends on the various factors that are required as per your business needs. We develop a DeFi-based exchange platform at a low cost in a short time. 

Why Choose Bitdeal for Olympus DAO Clone Development?

Bitdeal, the leading Blockchain Development Company, provides top-notch defi services for potential clients. Being a keen observer in the crypto market, we are never afraid to adopt and build new technologies and business modes. Thus it is no wonder that the new features and functionalities of Olympus DAO attract us. Our strong team has done all kinds of research and developed the script for budding cryptopreneurs. 

Bitdeal is the best crypto token development company, that provides Olympus DAO Clone Script with advanced features and functionalities. We have 500+ happy clients around the world like Canada, the United States, Singapore, The United Kingdom, Spain, Australia, Italy, and many more. Our expert team of developers builds Olympus DAO Clone, Olympus DAO Clone Software, DAO Crypto, and Decentralized Finance Platforms at an affordable cost and provides 24*7 support to our clients. 

The earlier, you get into the business, the earlier you will succeed. Build high-revenue Olympus DAO Clone Script with Bitdeal!

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