Part 4/10:
As a result, Olympus successfully built an impressive treasury of over $186 million in stablecoins, now recognized as the fifth-largest treasury in the crypto sphere. Despite the APY being 0% by now, the groundwork laid during this time allowed Olympus to transition into its second phase—stabilizing the OHM token.
Innovations in Stability: Range Bound Stability
Moving forward, Olympus aimed to create a truly decentralized reserve currency by ensuring predictability and stability in the value of its token. Achieving this involved implementing innovative mechanisms centered around liquidity and price stabilization.