Zeus (OhmZeus) is an anonymous founder and developer of Olympus DAO. Olympus DAO is a community-owned decentralized financial infrastructure to bring more stability and transparency to the world. The face behind Zeus is unknown but his voice has been heard in the various interviews.^[6]

Zeus is the founder of the Olympus DAO ecosystem, building a community-owned decentralized financial infrastructure to bring more stability and transparency for the crypto world. At a young age, Zeus became interested in finance and wanted to become an entrepreneur. Later, he started running his own e-commerce business and finally got into equity trading. Where Zeus discovered crypto, he stopped working with traditional markets.^[27]

Zeus started his crypto journey in 2017 when he got interested in arbitrage. He quickly realized that he won't make any money just buying Bitcoin and holding. Later, he got into trading with BitMEX and learned a lot about how the crypto market structure works. The initial idea of the Olympus project came to Zeus during the "DeFi Summer" of 2020, which was quite an inspiring time for him.^[27]

Olympus DAO was founded in 2020 and launched in February 2021. It is a decentralized autonomous organization governed financial institute, designed to introduce a different variant of DeFi (Decentralized Finance).

The goal of Olympus DAO 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. OHM is its own currency. The Olympus treasury has the ability to influence the market for OHM, primarily through bonds, to target certain behaviors through incentives and direct market operations.

According to Zeus, scalability is the most important quality for Olympus. To be successful, Olympus DAO's requires a structure in which incentives can be long-lasting and have an accumulative growth, which is lasting and not fleeting. With this, Zeus opined that Olympus' OHM will be competitive with other traditional currencies.

Olympus is DAO-governed.

All decisions are made by the community members on the forum and by $OHM holders through snapshot voting.^[15] Zeus said:

OHM token is an algorithmic floating cryptocurrency that maintains a stable purchasing power and at the same time has a market-driven value. In plain terms, OHM is an algorithmic stablecoin that maintains a floating market-driven price without the 1:1 dollar collateral backing.^[18] Zeus said:

Introduced in April 2021, Olympus DAO Bonds is a secondary policy tool that allows users to buy $OHM, the native token of Olympus DAO at a discount by giving users options to trade it with the liquidity pool tokens such as DAI, FRAX, wETH, etc.

The Olympus Bonds was introduced to allow Olympus to acquire its own liquidity and other reserve assets such as $LUSD (a USD-pegged stablecoin used to pay out loans on the liquidity protocol) by selling $OHM at a discount in exchange for these assets.

The Olympus protocol quotes the bonder with designates including bond price, the amount of $OHM tokens entitled to the bonder, and the vesting term.

During bonding, the bonder can have access to some of the rewards as they vest, and at the end of the vesting term, the full amount will be claimable.^[8]

Olympus Pro is a DeFi 2.0 solution for building long-term liquidity service for protocols looking to utilize bonds in their emissions programs with low overhead and maximum impact. It is the leading Defi 2.0 solution for building long-term liquidity.

Zeus advocates that "sustainable yield solutions" is something people in Decentralized Finance should pay great attention to. He believes that the current incentive mechanism, although working well, will not be sustainable in the long term. Hence, projects should create new, more sustainable models of incentivization and capital attraction or, better yet, offer new solutions to existing projects. Olympus Pro solves liquidity problems by providing bond-as-a-service for a small fee.

Since the launch of Olympus Pro in September 2021, Olympus Pro Bonds have captured more than $9.35 million in liquidity from its first two cohorts of partners. Olympus Pro has already been used by several leading DeFi protocols, including Frax Finance, PoolTogether, Thorstarter (XRUNE), BarnBridge, Alchemix (ALCX), Synapse, Inverse Finance, and others.

FOHMO is an abbreviation of Fear of Missing $OHM. FOHMO is a virtual hangout event for holders of $OHM, the native token of Olympus DAO. The virtual hangout commenced on April 23, 2021, and was hosted on their official Discord Channel. The first hangout was to celebrate the one-month anniversary of Olympus DAO.

The first celebration gained a lot of traction and was widely a success, hence, the Olympus DAO decided to celebrate FOHMO as a 5-day series of events.

The celebration featured discussions on the roadmap, community feedback, symposiums where Ohmies listened to DeFi experts, investors talks about the future of Olympus DAO.

The next FOHMO Fest was held from June 16 to June 20, 2021.^[8]

On October 25, 2021, Zeus announced the launch of a new protocol allowing stablecoins to be swapped at a fixed price of exactly one-to-one.

The protocol was named "Range" which comprises decentralized stablecoin pools that do not use price curves.^[1][2] The protocol uses "Range pools," which assume that both of the tokens in a pool are worth an equal value. There are six live pools for DAI, LUSD, FRAX, USDC, USDT, and MIM, these are unaudited, hence, Zeus advised that users should not deposit more than they can afford to lose.

Users appear to benefit from the protocol's maintenance of price parity between stablecoins, as stablecoins rarely trade at exactly equal value on centralized trading venues and decentralized exchanges.

Range, according to Zeus, could be used to mobilize stablecoin reserves held by decentralized autonomous organizations (DAOs), as the protocol allows Olympus DAO to "productively deploy its reserves in an isolated environment where its exposure to different assets is defined and controlled."

One critical lesson Zeus learned on his journey in the blockchain industry is not to focus too hard on “the plan.”

He strongly believes that it is good to "forecast and plan for the future" as the industry is a fast-moving one.^[15]