Agora Insights — Olympus Community Weekly Newsletter — Friday 14 January 2022

Happy New Year OHMIES!!

Welcome back to the Agora Insights — our data-driven newsletter — made by Ohmies, for Ohmies!

Summary

• Editorial — Emerging from the Storm
• Numbers at a Glance — $1M Olympus Pro Treasury, $31M in LP Fees, Treasury Market Value Volatility

Editorial — Emerging from the Storm

There is no question that it has been a difficult month for the Ohmies. Poor market conditions occurring during our v2 migration, unfortunately, led to a cascade of liquidations on leveraged Ohmies, leading to further downside pressure on OHM.

BUT WE SURVIVED.

As we push forward and look to the future, now may be an excellent time to reflect on what Olympus has built and what we as Ohmies have to look forward to:

What the Ohmies Have Built:

• A $645 Million Dollar Treasury (Excluding OHM)
• A hardworking DAO with over 150 of the best & brightest in Crypto
• Creative (Odyssey) and media (Agora) branches supporting Olympus at all times
• Successful migration to v2: auto staked-bonds, on-chain governance, and more
• Several successful SubDAO’s & awesome NFT Projects
• So, so much more

What’s Coming Next:

• Olympus Incubator: 5–10 protocols in the works (Olympus receives 3.3%-6% of protocol’s token)
• Incoming Integrations with the Solana & Terra Ecosystems
• New partnerships every week
• New products on the verge of launch such as [REDACTED] & [REDACTED]
• Permissionless Olympus Pro
• SubDAOs making waves: Redacted Cartel, Lobis, ROME, KLIMA, etc.

Now is not the time to panic Ohmies. 3,3 ON!

Numbers at a Glance — $1M Olympus Pro Treasury, $31M in LP Fees, Treasury Market Value Volatility

As we do each week, we returned to Delphi to gather up the latest protocol data and metrics. Important Reminder: The Ohmies are finishing up migration to v2!! This will affect revenue-related charts as bonding has been halted during the migration.

You can access all of the enclosed charts and data at the wonderful Olympus Dune Analytics page HERE (curated by the legend Shadow).

Please read on for this week’s numbers at a glance:

1. Number of Ohmies: 89,238 (+253 in the past week)

• 14 December: 87,652
• 7 January: 88,985
• 14 January 89,238

To the new Ohmies: Welcome! :)!

2. Olympus Pro Treasury Holdings: $1,026,866 ($1 mil! 🎉)

• 7-day change: +$29,319 (+3.0%)
• 30-day change: +$549,624 (+115.2%)
• Current Olympus Pro Partners:
• The Olympus Pro Treasury holds the tokens of partner protocols who are utilizing the Olympus Pro platform. The tokens are generated via a 3.3% fee charged for use of the platform.

3. Liquidity Provider Fees Generated: $31,245,110

• $1,530,552 in fees generated in one week!
• Including $749,603 in ONE DAY
• $218,650 in average daily fees straight into the Treasury
• Week-over-week growth of +5.2%

Via: Dune Dashboard

Olympus has taken in over $31.2M in LP fees to date. It is worth noting that these LP fees are collected in both OHM and the stable asset (either DAI or FRAX) at 0.25% per trade on Sushiswap and 0.30% on Uniswap.

4. Market Value of Treasury Assets: $645,913,241

• 7-day change: -$40,264,959 (-5.8%)
• 30-day change: -$67,321,846 (-9.4%)
• 3-month change: +$220,014,695 (+51.7%)
• Zoom out!

The Market Value of Treasury Assets shows the current market rate of all of the assets held within the Treasury. This value will be more volatile than Treasury Risk Free Value as it encompasses all assets in the treasury and not solely stablecoins.

5. Risk Free Value of Treasury Assets: $229,604,338

• 7-day change: +6,194,982 (+2.8%)
• 30-day change: +$37,344,151 (+19.4%)
• 3-month change: +$120,287,758 (+ 110.0%)

As a reminder, when the supply growth of OHM outpaces the revenue inflow, RFV per OHM will drop — this is part of the motivation behind OIP-18 & the recently passed OIP-63 as covered in the December 22nd edition of the newsletter.

OIP-18 Framework

7. Ohmies in Migration

• Wallets Migrated: 63.7%
• Liquidity Migrated: 82.5%
• Reminder: If you haven’t already, we recommend migrating & wrapping your sOHM to gOHM*

8. Macro numbers from around the cryptoverse:

Opportunities to contribute — join us

To get involved with what is happening atop Mount Olympus, join the DAO Discord.

Once you are in, head to the #dao-start-here channel and read the instruction carefully so that you can get assigned a role.

Have any questions? Just ask in the #general-dao channel and a helpful Ohmie will appear to guide you along your path.

Keep it (3,3), till next week Ohmies — with love from the Olympus