Agora Insights — Olympus Community Weekly Newsletter — Saturday 19 March 2022

What’s Up, Ohmies!!

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

Summary

  • Editorial - A Peak into the Treasury (Dashboard SOON)
  • Numbers at a Glance — Broad Market Recovery, RFV Blasts Through $250m, Olympus Pro Treasury reclaims $2m

Editorial - A Peak into the Treasury (Dashboard SOON)

So far during this super volatile year, one of the most frequent requests amongst the Ohmies has been increased transparency into the Treasury (assets, strategies, etc.).

Fortunately, the giga-brains within the Treasury team have been working VERY hard on just that, and are planning the release of the Treasury dashboard within the next few days (March 20–22).

The dashboard will include everything from asset balances, yield strategies, backing metrics, and much more. This will drastically increase the ability for Ohmies to review the inner workings of the Olympus Protocol and the Treasury.

Boolish!!

Numbers at a Glance — Broad Market Recovery, RFV Blasts Through $250m, Olympus Pro Treasury Reclaims $2m

As we do each week, we returned to Delphi to gather up the latest protocol data and metrics.

You can access all of the enclosed charts and data at these wonderful Olympus Dune Analytics pages:

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

1. A Peek Around The Cryptoverse

1. Olympus Pro Treasury: $2,105,840

  • 7-day change: +$333,068 (+18.4%)
  • 30-day change: +$244,277 (+11.6%)
  • 7-day revenue: $63,959 (annualized: $3,325,868)
  • Current Olympus Pro Partners: 42
  • The Olympus Pro Treasury holds the tokens of partner protocols that are utilizing the Olympus Pro platform. The tokens are generated via a 3.3% fee charged for use of the platform.

2. Market Value of Treasury Assets: $421,447,831

  • 7-day change: +$34,352,645 (+8.9%)
  • 30-day change: -$43,479,576 (-9.3%)

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.

3. Risk Free Value of Treasury Assets: $253,421,397

  • 7-day change: +$4,106,213 (+1.7%)
  • 30-day change: +$11,3447,369 (+4.9%)
  • 3-month change: +$63,306,751 (+33.2%)

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

4. OHM Backing: $25.90 per OHM (Current OHM Price: $28.66)

The total backing per OHM shows the amount of Treasury assets per OHM token. Currently, 90% of each OHM is backed by the Treasury.

Other Metrics:

  • Liquid backing per OHM: $23.37 (excludes locked tokens)
  • Risk-free backing per OHM: $18.50 (excludes all non-stablecoins)

5. Number of Ohmies: 83,735

  • 5 March: 84,494
  • 12 March: 83,913
  • 19 March: 83,735

7. Current Runway: 591 days

At the current reward rate of 0.1587%, Olympus can continue to distribute OHM rewards for 591 days even if it stops bringing in revenue. That’s over a year and a half!

8. Current Index: 101.206 OHM || Index Adjusted Price: $2,900.56

The Current Index measures your current OHM balance if you had one OHM staked since the first epoch. Index Adjusted Price (the price of gOHM) measures Current OHM Price multiplied by the Current Index.

The following table compares the difference in your current OHM balance based on your staking date:

The price of OHM on 15 June was about $204.28. If you staked one OHM since then, your stack would now be 23.819 OHM! OHM’s price today is around $28.66. Let’s find out what your ROI is:

  • Principal: $204.28
  • Value on 19 March: 23.092 * $28.66 = $682.66
  • Principal gain = $682.66 — $204.28 = +$478.38
  • ROI = ($478.38 / $204.28)*100% = +234.2%

Investing in OHM back in the middle of June would give you more than a 2.3x return today, even with the major retrace. The lesson here: DO NOT underestimate the power of compounding.

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 Agora team.

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OlympusDAO community run media — by Ohmies, for Ohmies

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