The algorithmic stablecoin protocol Olympus will purchase more ETH to support the OHM token
ChainCatcher message, the algorithmic stablecoin protocol Olympus community has voted through the OIP-137 proposal to purchase more ETH to support the OHM token. This OIP establishes a new framework for its DAO finances, including gradually adjusting the treasury asset allocation to 75% stablecoins and 25% directional exposure, currently consisting of approximately 79% stable assets and 21% volatile assets. This move is expected to reduce the stablecoin exposure by about 25 million dollars. (Source link)
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