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Protocol Controlled Value (PCV) is the total amount of assets deposited in Olympus DAO. This is used as one of the indicators of how successfully the Olympus DAO is attracting attention to active market participants. After Olympus DAO launched in March 2021, the PCV peaked at $880 million at the end of 2021, but has since dropped sharply and is $269 million as of October 2022.
The market price of OHM tokens is $10.14 as of October 2022, which is a 99% drop from the peak of $1,415 in April 2021.
And the POL, which represents the amount of liquidity owned by Olympus DAO's Treasury, is maintained at about $66 million as of October 2022.
With the declining trend of the cryptocurrency market from the end of 2021, most DeFi services that issue their own tokens are experiencing a rapid decline in token prices, and Olympus DAO is no exception. Moreover, as Olympus DAO has claimed that POL can solve this problem, negative opinions about Olympus DAO are increasing due to the sharp drop in token price.
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IEEE/ICACT20230040 Slide.10
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