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In this paper, we analyzed the mechanism and system architecture of Olympus DAO, a representative DeFi 2.0 model, and provided analysis and prospects for the relevant market. Olympus DAO tried to solve the liquidity problem of existing DeFi models with a new POL concept and succeeded in attracting public attention. However, along with the overall recession in the cryptocurrency market, Olympus DAO is also experiencing difficulties such as price drop. Olympus DAO must overcome the current difficult situation and show that it can operate stably and continuously, and only then it will prove that it can perform its role as a reserve currency as they claim. |
IEEE/ICACT20230040 Slide.17
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