​​​​​​​The Agora Dispatch — Olympus Community Weekly Newsletter — Wednesday 20 October 2021

Welcome to the Agora Dispatch — an Olympus community run newsletter — made by Ohmies, for Ohmies!

Summary

  • Editorial — ATH of Ohmie Culture
  • V2 announced — what’s in it?
  • Risk-free backing vs. market value backing — A new baseline
  • Surreal LP fees candle
  • OTC deal to purchase BCT gets the green light
  • Proposals — Launch OHM-ETH bonds, Liquity’s Stability Pool and LQTY staking
  • Olympus is (un)officially on Arbitrum now
  • KlimaDAO launch and debacle
  • Odyssey Updates — Mushrohms
  • From the Frontlines — with Sherpa DC (3,3)
  • Twitter thread — Asfi quells the Ponzi talk
  • Ohmie of the Week — Smarf (3,3)
  • Numbers at a glance — Risk Free Value Surges On
  • Ohmie profile — Z (٣,٣)(درخت,درخت)
  • Meme of the Week — The OHM Bridgooor (credit Run (3,3))
  • State of the DAO — Weekly update
  • Opportunities to contribute — join us
  • Agora’s Learning ancient-Greek mythology series — Hercules pt. 3: The Twelve Labors (Labors 5–12)

Editorial — ATH of Ohmie Culture

There was quite some volatility last week and Brian, Coud and some of the Agora contributors set up an impromptu livestage in the discord — in order to answer questions and vibe while riding out the storm. Over 600 people joined in as, in true (3,3) spirit, the Ohmies cooperated to calm their nerves. As Ohmie Khyezr put it:

https://twitter.com/khyezr/status/1448898113939247110

After the storm, one of our contributors received a note from a long time Ohmie, which was probably the nicest note one could receive. It was so nice most of us shed a tear on reading it. We considered whether it was appropriate to publish — in the end we decided it was simply too beautiful not to share and that the author probably wouldn’t mind just so long as we removed their name — so here it is in full and unedited:

I hopped on last night when Brian was answering questions and listened for a few hours — saw everyone else hop in, from Zeus, to Jaws, to Wartull to Fiskantes and then I fell asleep.

I wake up minutes ago to your voice, STILL answering questions!

Your voice sounds like it’s leaving you but you’re still patiently bringing people on stage and answering as if you just started.

You’re a LEGEND!

I watched the panic and emotions unfold last night, and watched that whale leveraging 19 million get liquidated (and then immediately re-lever again!).

I cannot express how impressed I am with you and the rest of the team doing this marathon telethon.

I am positive you have helped qualm OCEANS of fears and uncertainties. You might have even physically saved lives tonight, when newcomers saw their initial investment drop 50% before their eyes.

This project is obviously something special from protocol and fiscal mechanics standpoint, but you, the team and this community is REALLY special. I can’t think of another moment in time in crypto (which I’ve been in since 2017) where there has been such a large emotional life raft available during a flash 50%+ crash… you created that in the past 7+ hours.

Bless you and your patience and your SINCERITY.

People say wagmi, but it’s people like you who breathe life into the acronym.

With endearing admiration and gratitude,

Every storm comes to an end — WAGMI Ohmies.

V2 announced — what’s in it?

Olympus V2 has been announced and there are some important and exciting updates.

Olympus V2 will improve on the Olympus bonding system as well as introduce a new token gOHM. Since V2 requires migration of contracts this will also put an end to concern about the sOHM multisig contract. There will be lots of educational content in the weeks ahead but nothing to do or worry about just yet.

If you’d like to read some more details check the medium post out — otherwise more common questions are answered later in the newsletter under the item From the Frontlines.

Risk free backing vs. market value backing — A new baseline

They say ape first, study later. If you are one of these apes, last week’s price action may have given you a heart attack. So when Zeus noticed someone was saying that OHM has ~$35 backing, he presented an interesting viewpoint concerning RFV (risk-free value) backing vs. MV (market value) backing:

https://twitter.com/ohmzeus/status/1448857462422056995

When you want to be extremely conservative, RFV per OHM is the number you want to keep an eye on — the LP token pairs such as OHM-DAI and OHM-FRAX are discounted far below where you would expect the market to fall except in the circumstance of a catastrophic failure. The discounted price is calculated by assuming 1 OHM equals 1 DAI (or 1 FRAX). This medium post explains the methodology used in arriving at this assumption. You can view the MV backing on the Olympus Dune Dashboard here.

In reality, MV backing per an OHM makes more sense because that is the fair value regarded by the market. Unlike say Bitcoin, currently trading at over $60K, OHM is actually backed by the assets held in the Olympus treasury.

#OHMISBACKED

Surreal LP fees candle

There was a storm of volatility this past week as Ohmies who overleveraged were liquidated. Forced selling, combined with market panic, contributed to an unusually high transaction volume on 15th October. This was a bad day for some Ohmies, but on the bright side, this meant more LP (liquidity provider) fees for Olympus:

https://dune.xyz/shadow/Olympus-(OHM)

This candle is absolutely surreal — Olympus raked in over $1M in LP fees on a single day! This highlights the advantage of protocol-owned liquidity: Olympus reaps most of the LP fees by being by far the largest LP for the OHM pair.

Our consistent editorial position is that we recommend Ohmies not (9,9), or leverage their positions. While used responsibly it can be a useful tool for some experts — it is dangerous.

OTC deal to purchase BCT gets the green light

Our co-founder Apollo put up OIP-36 recently to gauge the community sentiment in purchasing BCT (Base Carbon Tonne) via an OTC (over the counter) deal. BCT is a carbon index token from KlimaDAO, itself backed by a carbon credit that guarantees the mitigation or removal of 1 tonne of carbon. The deal allows Olympus to vest the pKlima tokens (up to 3.5% of KLIMA’s total supply) entitled to Olympus.

It’s not surprising that the poll was carried by >95% majority, given the robust partnership between Olympus and KlimaDAO.

Approximately 355 OHMs will be exchanged for 100K of BCT as part of the deal. BCT is trading at $4.93 at the time of press.

Proposals — Launch OHM-ETH bonds, Liquity’s Stability Pool and LQTY staking

The Policy team is always looking after Olympus and the Ohmies. It’s hard to find another DeFi protocol that churns out proposal after proposal like Olympus (just take a look at our past editions). That said, let’s review some of the proposals this week:

OIP-37: Launch OHM-ETH Liquidity Bonds

This proposal aims to bootstrap an OHM-ETH pool on Sushiswap using the existing wETH tokens in the treasury and offer OHM-ETH bonds as well to build up the pool.

With this, the author hopes that more trade orders can be routed through Olympus’ pools, allowing it to capture more LP (liquidity provider) fees:

The proposal is currently live on Snapshot.

TAP-5: Whitelist Liquity LUSD Stability Pool and LQTY Staking

This is a more involved proposal. The Olympus treasury now holds about $50M of LUSD in risk-free value, which are not currently used to generate passive yield like other assets such as DAI. With this proposal, the author seeks to whitelist Liquity’s Stability Pool (a mechanism to keep LUSD on peg), allowing Olympus to deposit some of the idle LUSD into the Stability Pool to farm LQTY tokens and fees.

One cool thing about the Stability Pool is it allows Olympus to “acquire” ETH cheaply too — the LUSD in the Stability Pool are used to pay back debt in the system in exchange for ETH. This mechanism only kicks in when there are liquidations. Learn more about the Stability Pool from the Liquity documentation.

In addition, the farmed LQTY can be further deployed to Liquity’s staking pool to earn issuance and redemption fees.

What do you think about this proposal? Feel free to share your thoughts on the Olympus forum.

Olympus is (un)officially on Arbitrum now

Want to take part in the decentralized reserve currency movement without paying high gas fees? Well, Zeus has heard your prayer:

https://twitter.com/ohmzeus/status/1450214872814395398

Note that there is no official UI on Arbitrum yet — the pool liquidity is seeded by Zeus himself so that you can take part in staking by just holding wsOHM.

If you are unfamiliar with wsOHM and its mechanics, Rev has got you covered by making this Twitter thread:

https://twitter.com/revol_space/status/1450238395561570305

KlimaDAO launch and debacle

The KlimaDAO launch was off to a rocky start. A rogue user thought it a good idea to set up his own USDC/BCT liquidity pool and front-run the official KlimaDAO pools. The liquidity pool only had $10,000 in liquidity which priced BCT starting at $100 dollars, about 50 times the market price. Within a few minutes the price of BCT had rocketed to over $2000. Price quickly settled but this caused Klima to shut down and delay launch by a couple of hours in order to launch the official liquidity pools

The user claimed he did this to deal with bots and that he didn’t think people would actually buy BCT for $100 dollars.

For the unaware, KlimaDAO is an Olympus fork on Polygon that backs their token, KLIMA, with tokenized carbon credits. The project has more than a few OG Ohmies in the community, Zeus and Apollo themselves are advisors. A goal of Klima is to raise the price of carbon credits in order to incentivize companies to invest in green energy sources rather than buying carbon offsets.

As a strategic partner, Olympus can vest 3.5% of KLIMA’s total supply, which in turn will be used to back OHM.

KlimaDAO is now live on Polygon: https://klimadao.finance/

You can also check out their discord server here.

Odyssey Updates — Mushrohms

https://twitter.com/sell9000/status/1450209821936992260

Olympus Odyssey has announced the minting date for its NFT project, Mushrohms.

If you are on the whitelist, beginning at 10/22 @ 3p.m. EST. you will have 24 hours to mint your Mushrohm, before they are opened to the public. Each wallet is limited to only one Mushrohm and the price is .3 ETH. There is a delayed reveal for 5–7 days after minting. The whitelist was an open competition announced on twitter, where Ohmies had to complete tasks including drawing mushrooms.

Mushrohms, the Fungi of the Gods, will vary in rareness and properties andhave several utilities announced. One of these is “sporedrops”, which will give holders of Mushrohms airdrops of spore NFT’s. The spore NFT’s can then be burned to mint another Mushrohm of a matching type. All genesis Mushrohms will be eligible for sporedrops regardless of rarity or properties.

Mushrohms will also give access to special community and collaborative events, POAPS and access to a virtual Mushrohm Kingdom. More details and utilities will be announced in the future.

You can read the full whitepaper on the Odyssey server here.

Good luck in your mints, Ohmies!

From the Frontlines — with Sherpa DC (3,3)

Ohmies! This week we will talk about the most frequently asked questions regarding the upcoming V2 launch of the protocol.

1. Do I have to do anything in the upcoming V2 migration?

For now, no. You can migrate your tokens to gOHM when migration starts, but you wouldn’t miss out on rebase rewards even if you choose to migrate at a later time.

2. How will bonds work in V2?

V2 bonds will no longer vest linearly. Instead they will be automatically staked as sOHM while you wait for the 5 days vesting period.

That is a massive improvement in the bonds mechanism for a few reasons:

  • Users no longer need to pay gas fees to claim and stake OHM rewards.
  • Users don’t have to perform complicated math to compare the ROI between bonding and staking — any bond offering a positive discount will outperform staking.
  • Eliminate the barrier of entry for bond purchasers. The automation of bond rewards staking means that bonds are attractive even for users with small investment capital.

3. End of the multi-sig FUD

On-chain governance will be rolled out in V2 as well, superseding the multi-sig guardian system. This puts an end to the FUD that the multisig signers are able to run away with the treasury funds by colluding with each other.

4. The tokens

The OHM token will function the same as it does today on V1.

The sOHM token will also function the same as it does today on V1.

The wsOHM token (staked OHM in wrapper) will be replaced by a new token called gOHM (governance OHM) which will have the additional use of being able to participate in on-chain governance.

5. V2 timeline

V2 smart contracts are still pending an audit. The migration is expected to happen within a 4-week period from today’s date.

That’s it. You can get more details about V2 from the following posts:

If you still have doubts, feel free to reach out to the friendly Sherpas over at the Olympus Discord. Till next week my beloved Ohmies !!!

Twitter thread — Asfi quells the Ponzi talk

There is no shortcut in becoming the decentralized reserve currency. Olympus has seen a fair share of haters despite many innovations such as protocol-owned liquidity and products like bonds-as-a-service.

The recent influx of new Ohmies and the lack of understanding of the protocol’s fundamentals do not help the situation. Luckily for us, the veteran Asfi has made a succinct thread that dispels most of the misconceptions surrounding Olympus:

https://twitter.com/ishaheen10/status/1449377082794921993?s=21

If you just dipped your toe into Olympus and wondered how it can sustain the high APY unseen in many other protocols, we hope this thread helps settle your doubts. In any case, do reach out to the Olympus community on Discord if you still have more questions, the Ohmies there are always at your service.

Ohmie of the Week — SMARF (3,3)

Ohmie SMARF has been around a long time helping keep the Discord safe from scammers by sharpshooting them as a Mod and spreading the word of (3,3) on twitter. He stepped up during the correction last week to keep order in the server during the flash crash — muting spammers and directing people where they needed to go. An Off-topic veteran he embodies the good vibes, generosity and commitment which are at the heart of being an Ohmie.

We are proud to call him Ohmie of the Week — congrats SMARF!

Numbers at a glance — Risk Free Value Surges On

As we do each week, we returned to Delphi to gather up the latest breakdown of the treasury numbers and protocol statistics (you can access it yourself here if you crave). Please read on for this week’s numbers at a glance:

1. Number of Ohmies: 36,928(+7,221)

  • October 5: 23,311
  • October 12: 29,707
  • October 19: 36,928

Welcome to all the new Ohmies! Keep a lookout for them in the Discord and show them the hospitality of Olympus!

2. Risk Free Value of Treasury Assets: $123,488,422

  • 7-day change: +$20,056,589 (+19.4%)
  • 30-day change: +$70,113,785 (+131.4%)
  • RFV Per OHM: $42.75
  • Based on current circulating supply of 2,919,102

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 as covered in the August 18th edition of the newsletter.

3. Market Value of Treasury Assets: $429,497,796

  • 7-day change: +$25,029,955 (+5.8%)
  • 30-day change: +$273,146,088 (+150.6%)

The Market Value of Treasury Assets shows the current market rate of all of the assets held within the Treasury.

4. Liquidity Provider Fees

  • Total LP Fees Generated: $9,380,341
  • $3,033,740 in fees generated in one week!
  • Over $1.4m in one day (15 October)
  • Week-over-week growth of +47.8%

Via: Dune Dashboard

Olympus has taken in over $9.38M 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.

5. Protocol Revenue:

  • Protocol Revenue (past week): $73,468,997
  • Week-over-week growth of -8.3%
  • Month-over-month growth of +243.3%
  • Annualized rate (using 7-day MA): $3,830,883,415

6. Current Runway: 395 days

At the current reward rate of 0.297%, Olympus can continue to distribute OHM rewards for 395 days even if it stops bringing in revenue. That’s over a year of runway and a +6 day increase over the past week!

If you need a recap on what runway is, check out this twitter thread from @xh3b4sd.

7. Olympus Pro Treasury Holdings: $171,805

  • 7-day change ($): +$53,755
  • 7-day change (%): +45.5%
  • 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.
  • While relatively small currently, the mutual benefit received by both Olympus and the partner protocols far exceeds the amount of fees received.

8. Current Index: 24.751 OHM

Current Index measures your current OHM balance if you had one OHM staked since the first epoch.

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, you would have more than quintupled your stack now to 5.380 OHM! OHM’s price today is around $890.34. Let’s find out what is your ROI:

  • Principal: $204.28
  • Return on 20 October: 5.380 * $890.34 = $4790.029
  • Principal gain = $4790.029 — $204.28 = $4585.749
  • ROI = ($4585.749 / $204.28)*100% = 2244.835%

Investing in OHM back in the middle of June would give you about 22x return today. Don’t underestimate the power of compounding.

9. Macro numbers from around the cryptoverse:

Ohmie profile — Z (٣,٣)(درخت,درخت)

We caught up with Z on the outskirts of Thebes — he had just provided a warning to a merchant caravan about a band of thieves on the road ahead — which they promptly ignored — will they ever learn he shrugged and we headed back to the city.

Can you give us a little background of your life before crypto?

I’m originally from Pakistan but have been living in the US for a while now. Outside crypto I spend time working on my PhD, camping, playing tennis and watching Cricket.

How did you get into crypto?

I first heard of bitcoin in 2014, when a temporary roommate (who I absolutely hated) offered to sell me bitcoin. I wanted none of it and told him to bugger off. I then came back to it around 2016 and put some money in BTC and ETH on coinbase but that was pretty much it.

I think I truly got into crypto in early 2021 actually! When a kind friend sat me down and explained the basics of DeFi to me as I was shilling him XRP. At that moment I realized I should be looking for crypto that has a clear application and utility that I can understand. I consider all the times before that as me being blindly shooting in crypto — just hoping something would stick (it mostly didn’t).

When and how did you join Olympus?

July 20th was my first buy in. As much as I hate to say it, the trigger was a Google alert on my phone about Mark Cuban buying OHM. Didn’t give much of a shit about that but the article did mention something about reserve currency, so I started digging into that. Found Asfi’s bankrun thread, and was sold.

What else are you into/excited about in the crypto space?

I think I’m very much in an Olympus bubble. Definitely super excited about Klima, as it aligns with my belief that real world problems can be solved if we align incentives correctly. Can’t wait for people who might not even believe in climate change to help us fight it, simply because they definitely believe in making money. Looking forward to other cool ways people might use the Olympus mechanism to deliver more than just copy paste forks.

Meme of the Week — The OHM Bridgooor (credit Run (3,3))

This week’s Meme of the Week comes from Ohmie Run (3,3) — it captures the hopeful Ohmie in pursuit of new experiences bridging over to Arbitrum to buy wsOHM (which is just staked OHM with a wrapper around it) — don’t worry Bridgoooor rewards will come soon we hear!

State of the DAO — Weekly update

The DAO is like a soaring eagle!

We highlight some of the updates that happened in the DAO over the past week:

Community and Content

The glOHMal team, within the Content team, has been doing some fantastic work. Their focus on internationalization leads to many translation efforts such as the recently published Olympus Pro French documentation. What about Turkish subtitles for the Olympus introductory video? If you find a translation missing and wish to work on it, do reach out to the Content team in the DAO server.

Marketing and Design

It’s all about reaching a larger audience. The OlympusDAO Youtube channel has more than 3K subscribers now and close to 120K in aggregate views. The Reddit channel is not doing bad either. A series of migrations earlier on did set it back in terms of member count. But thanks to the fantastic Marketing efforts, it has now acquired more than 1.8K redditors and the moderators are even having a hard time keeping up with the number of new posts popping up.

Operations

The September team allocation has been distributed last week, and the Operations team has prepared this Data Studio dashboard — which provides valuable allocation insights such as the team allocation breakdown and the contributors list. While there are some allocation issues that still need to be ironed out, we want to thank the Operations team for their relentless effort in finding ways to improve the current allocation process.

Engineering

Olympus website now queries data from its self-hosted node, and implements fallback solutions such as Alchemy and Infura. Gone are the days when the protocol metrics and bond discount information are missing from the application intermittently.

Policy

Bitcoin in the treasury? This idea has been tantalizing to many die-hard bitcoiners but it may soon become a reality. Drafted by abipup, OIP-35 aims to introduce WBTC (wrapped Bitcoin) bonds as a way for the Olympus treasury to accumulate WBTC. It should be noted that no OHM will be minted against these WBTC tokens as they do not contribute to the treasury RFV (risk-free value).

Partnership

The Partnership team has secured yet another Olympus Pro partner — ShapeShift. To familiarize their community about the bond mechanism, several Olympus members were invited to the ShapeShift Discord server to hold an AMA session:

https://www.youtube.com/watch?v=5ReDLlaxty8

One week in, the FOX-ETH bond has attracted more than $40K in liquidity. That’s about $1.32K in fee revenue for Olympus. If you want to grab some bonds do so here.

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 Agora Dispatch team.

Agora’s Learning ancient-Greek mythology series — Hercules pt. 3 — The Twelve Labours (Labours 5–9)

Preface: This is a continuation of the story of Hercules following last week’s coverage of the hero’s visit to Apollo and the first four labours given to him by king Eurystheus. If you missed last week’s Agora Learning, you can find it in the October 13th edition of the Agora Dispatch HERE (near the bottom of the document). You can also find the first part of the Hercules saga HERE (6 October edition).

Eurystheus’ Frustration

After capturing the menacing Erymanthian Boar, Hercules had conquered four mythical beasts that were previously thought to be invincible. The success of Hercules frustrated Eurystheus, who was commissioned by Hera to present Hercules with an impossible (or deadly) task. As a reminder, Hera despised Hercules along with all the other offspring of Zeus that she did not mother.

Fifth Labour: Clean the Augean Stables

To humiliate Hercules, the next task assigned to him by Eurystheus was to clean the stables of King Augeas. King Augeas owned a fleet of 1,000 divine cattle that were immortal, and therefore produced an unholy amount of dung. On top of that, the stable had not been cleaned in 30 years. Hercules, not willing to shovel dung for several days straight, used his intellect and creativity to complete the task. He raced up a nearby mountainside and rerouted a river to flow through the stables, cleaning them.

Sixth Labour: Kill the Stymphalian Birds

The next labour assigned to Hercules was to kill the Stymphalian Birds. The birds were vicious and lethal, known for devouring humans with beaks made out of bronze. The birds also had sharp, metallic wings that could be thrown at prey like throwing knives.

King Eurystheus assigned the task to Hercules knowing that the birds resided in a marsh that he could not approach safely. However, he did not anticipate the goddess Athena coming to Hercules’ aid. The huntress gave the hero a rattle crafted by the blacksmith god Hephaestus, who had created it specifically for the occasion. Hercules used the rattle to scare the birds, causing them to abandon their nests and fly away. He then shot them down using arrows which he had previously dipped into the poisonous blood of the monster Hydra, killing them and completing the task.

Seventh Labour: Capture the Cretan Bull

The seventh labour assigned to Hercules was to capture the Cretan Bull, father of the Minotaur. Hercules sailed to Crete, where King Minos gave him permission to take the bull away and even offered him assistance. The bull had been wreaking havoc on Crete by uprooting crops, leveling orchard walls and even killing several citizens. Hercules snuck up behind the bull and used his hands to throttle it (stopping before it was killed), and then shipped it back to Tiryns. Eurystheus was so afraid of the bull that he hid in a large vase at his first sight of the creature. He also wanted to sacrifice the bull to Hera, who hated Hercules, so naturally she refused the sacrifice because it reflected glory on Hercules. The bull was released and wandered into Marathon, becoming known as the Marathonian Bull.

Eighth Labour: Stealing the Mares of Diomedes

The Mares of Diomedes were four horses in Greek mythology that were infamous for eating humans. They belonged to the giant Diomedes, king of Thrace, who was just as bloodthirsty as the mares themselves. The names of the mares were Podargos (swift), Lampon (shining), Xanthos (yellow) and Deinos (terrible).

Hercules was tasked with stealing the Mares of Diomedes as part of his eighth labour. Upon arriving in Thrace, Hercules quickly learned that the horses were wild and maddened because Diomedes had fed them a diet of human flesh. They were kept harnessed to a bronze manger, and in some versions of the story, breathed fire. Hercules fought and killed Diomedes while leaving his friend Abderus to take care of the horses. After killing their master, Hercules realised that his friend was eaten by the horses, so he fed them with Diomedes’ body to calm them. Surprisingly, eating the flesh of their former master calmed them permanently.

Ninth Labour: Steal the Belt of the Amazon Hippolyta

Eurystheus’ daughter, Admete, lusted for a belt owned by Hippolyta, queen of the Amazons. To please his daughter, Eurystheus ordered Hercules to retrieve the belt as his ninth labour. Hercules set sail with a group of comrades in order to retrieve the belt. The group stopped at the island of Paros, where a fight broke out with a local tribe, killing two of Hercules’ comrades. In a rampage, Hercules slayed every inhabitant of the island. The remaining crew forged on for Themiscyra, where Hippolyta lived.

All would have gone well for Hercules had it not been for Hera. Hippolyta, impressed with Hercules and his exploits, agreed to give him the belt and would have done so had Hera not disguised herself and walked among the Amazons, manipulating them at every turn. She claimed the strangers were plotting to carry off the queen of the Amazons. Alarmed, the women set off on horseback to confront Hercules. When Hercules saw them, he thought Hippolyta had been plotting treachery all along and had never meant to hand over the belt, so he killed her, took the belt and returned to Eurystheus.

TO BE CONTINUED ONCE AGAIN… Catch the next edition of the Agora Dispatch for Labours 10–12 and the remainder of the great story of Hercules!

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