Algorithmic Stablecoin Protocol Olympus to be Upgraded to V3 and Rebranded as Bophades

Algorithmic Stablecoin Protocol Olympus V3, aka codename Bophades, is finally going into Code Arena audit this week. It is the first iteration of automated utilization of the treasury to support the OHM exchange rate. There are a few major pieces to this release: the core registry (Kernel), treasury, minter, governor, and finally, the range-bound stability (RBS) system. The core of the protocol is built around the Default framework. It is a modular and opinionated n-tier architecture for protocols, prioritizing simplicity, 1-way data flows and extensibility via auditable onchain mechanisms.
Source

Olympus

DeFi

Ethereum

Stablecoins

In This Article

Related News
Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies
Ethereum developers to end support for Holesky testnet in September Ethereum developers to end support for Holesky testnet in September
Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Latest News More More
1 Day Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
6 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
March 21 Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open