Algorithmic Stablecoin Protocol OlympusDAO announced that Inverse Bonds have been deployed and are live. When the secondary market price of $OHM is lower than the market value supported by the vault behind it, the team will purchase $OHM at a premium (slightly above market price) and then burn it, with an initial daily limit of $200,000.
It is reported that Inverse Bonds will serve as a new tool for OlympusDAO to increase liquidity support of $OHM and absorb market volatility, aiming to create value for Olympus holders through a strong treasury. Inverse Bonds will be deployed when the token price is close to 5% below liquidity support, and the max bond size will be 100% of daily capacity. When above liquidity backing, Inverse Bonds will not be used.
