OlympusDAO’s Olympus Pro incubator program has recently reached the milestone of 31 partnered protocols. The Olympus Pro partners program offers projects the opportunity to enter a symbiotic relationship with OlympusDAO. In this partnership, they can draw on OlympusDAO’s vast experience implementing the protocol-owned-liquidity model.
When a protocol joins Olympus Pro, OlympusDAO experts help set up a bond sale, and make the bonds available on the Olympus Pro marketplace. Bonds benefit both the Olympus pro partner protocol, and the protocol’s users. Users provide liquidity to a DEX pool, and sell their LP tokens to the protocol in exchange for a discount on the protocol’s native token. The protocol accumulates its own liquidity, reducing risk of users being left holding the bag in a bank run scenario. In return, users accumulate the project token at a discount to market rates.
Partnered Protocols
Olympus Pro partners run the gamut from established protocols seeking strategic alliance with OlympusDAO, to fledgling projects seeking early capital. The 31 protocols currently partnered are:
- BarnBridge – tokenized risk, yield, and volatility derivatives
- Alchemix – self-repaying lending
- Float – tracks a basket of crypto assets
- Frax – fractional reserve stablecoin
- Pendle – trade and hedge future yield
- Stake DAO – non-custodial asset management platform
- Synapse – multi-chain bridge protocol
- Thorstarter – venture capital DAO
- Inverse Finance – stablecoin, lending, borrowing, and yield protocol
- PoolTogether – lossless lottery
- Liquid Driver – Liquidity as a Service
- Spooky Finance – DEX on Fantom
- Scream – not available in US
- SpiritSwap – DEX on Fantom
- Bankless – community DAO for the Bankless brand
- KeeperDAO – MEV protected trading and borrowing
- Everipedia – decentralized Wikipedia
- mStable – decentralized stablecoin ecosystem
- Gro Protocol – leveraged Yield as a Service for stablecoins
- Angle Protocol – overcollateralized stablecoins, including Euro-based
- Keep3r Fixed Forex – international stablecoins
- Divine DAO – community focused on the LOOTverse
- ThorSwap – swap L1 assets between chains via THORChain
- Unslashed Finance – DeFi insurance protocol
- Ichi – branded stablecoins redeemable for USDC
- Botto – autonomous decentralized art protocol
- Sandclock – Yield as a Service
- Premia – decentralized options protocol
- Fiat DAO – borrow against interest-bearing tokens
- Blackpool – gaming and NFT DAO
- ShapeShift – crypto asset and wallet management
How does OlympusDAO Benefit from Olympus Pro?
OlympusDAO benefits from Olympus Pro partnerships in several ways. First and most simply, OlympusDAO gets a cut of the partner’s bond revenue.
Second, that cut of the bond revenue is in the partner’s native token. This gives the OlympusDAO treasury exposure to the partner protocol, and Olympus shares in the partner’s success. This aligns the protocol’s strategic interests, cementing the partnership beyond a transactional level.
Third, Olympus engages in partnership activities outside of Olympus Pro, including token swaps between friendly DAOs (example). While an intangible benefit, Olympus Pro partners are more likely to engage in these activities given their existing relationship with Olympus.
