OlympusDAO · interactive mechanism simulation

Bonders sell DAI/LP to the treasury for discounted, vested OHM — growing protocol-owned reserves. Stakers lock OHM into sOHM and collect rebase mints (the "(3,3)" APY). If price falls below treasury backing, the protocol buys back & burns OHM to defend the floor. Edit the parameters, or trigger a bank run to see the reflexive spiral.
Bonders sell DAI/LP, 12% discount Treasury (POL) backing 3.50 DAI/OHM Staking (sOHM) APY ~1,200% epoch 0 OHM / DAI market price 11.20 DAI 3.20× backing
Bond deals
0
Treasury reserves
0 DAI
OHM supply
1,000,000
Staked
65%
OHM price
0.00 DAI
Parameters — edit me
12%
0.6%
0.8/s
70%
Controls

Illustrative simulation. Defaults loosely mirror the researched Olympus mechanism (bonding at a discount for protocol-owned liquidity, epoch rebases distributing new OHM to stakers, and a treasury backing floor with buyback & burn) but deal sizes, timing and price dynamics are randomized for visualization — not live onchain data or historical OHM prices. The "trigger bank run" button dramatizes the 2022 reflexive unwind; it is a simplified illustration, not a model of what actually happened. Part of The Onchain Experiment Atlas.