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Fantom Ecosystem

Olympus Finance – An Algorithmic Seigniorage Protocol on the Fantom Blockchain

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Olympus Finance – An Algorithmic Seigniorage Protocol on the Fantom Blockchain

Description: Stake your HERMES-FTM LP tokens to earn ARES seigniorage rewards.To maximize profits, stake your harvested ARESs in the Boardroom to earn more HERMES!

Olympus Finance is inspired by previous algorithmic stable protocols such as Tomb Finance. Much like 2OMB Finance our protocol uses three tokens (HERMES, ARES, PLUTO) to incentivize a stable 1:1 peg to $FTM. The protocol’s underlying mechanism dynamically adjusts $HERMES’s supply, pushing its price up or down relative to the price of $FTM. Inspired by the original idea behind Tomb, Olympus Finance is a multi-token protocol which consists of the following three tokens: Peg Token ($HERMES), Share Token ($ARES), Bond Token ($PLUTO). This project would not be possible without the excellent work from the Tomb Finance team. Their project being fully open source and developed exceptionally well made it a pleasure to work with. Can’t say enough good things about the TOMB team

The next stage is the $ZEUS token

Olympus Finance will implement something new and interesting in tomb fork! It should be recalled that $ZEUS is the main god among the gods like $HERMES, $ARES, $PLUTO . On Tuesday you will see the DeFi project yourself where the main token will be $ZEUS, you will be able to stake your previously earned $HERMES tokens (without any fees) and receive powerful $ZEUS tokens that will be available next week.

https://www.olympus-fi.com

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