Part 6/10:
Range Bound Stability came into effect in late November 2022, demonstrating its efficacy in achieving a consistent and stable price trajectory. Subsequently, from November 2022 to October 2023, OHM appreciated by 46%, reflecting a steady upward trend—a promising sign for investors who stayed the course.
The Game-Changing Mechanism of Cooler Loans
A significant development in Olympus Dow's strategy was the introduction of Cooler Loans, a groundbreaking feature allowing users to borrow against their staked OHM tokens (known as gOHM) at an astounding loan-to-value ratio of up to 95%. This mechanism operates without the threat of liquidation—a common risk in traditional DeFi loans.