Olympus Dao x THORSwap (🔱,🔱)

Protocol Owned Liquidity and Bonds!

Chads, show your support and let’s see (🔱,🔱) everywhere! From Asgard to Midgard (🔱,🔱)!

What Is Olympus Pro?

The future of DeFi is protocols owning their own liquidity. Olympus Pro is a service for protocols looking to supplement liquidity mining in their emissions programs. Instead of incentivising farming and dumping, protocols use Olympus Pro’s bonding service emissions to purchase liquidity from users, and users acquire discounted $THOR.

How does it work?

  1. THOR-ETH SLP
  2. ETH.RUNE
  3. RUNE-ETH SLP

Why these bonds?

  1. THOR-ETH SLP

Why is this important?

  1. Opportunity to buy $THOR at a discount. Long term holders acquire discounted $THOR whilst THORSwap acquires liquidity, it’s a win-win.
  2. For Chads, this bonding process allows you to avoid Impermanent Loss on Sushi pools (as we all know THORChain pools offer IL Protection).
  3. Additional yield farming opportunities are possible.
  4. This significantly bootstraps liquidity in our trading pools. Currently, THORSwap incentivises LP’ers via high APYs which in the short term is key to bootstrapping liquidity but in the long term, is not sustainable as it leads to dumping. Protocol owned liquidity is the key to longevity by aligning capital with long term success of THORSwap.
  5. Liquidity will be permanently owned by the THORSwap protocol, meaning users can trust that they’ll have ample and consistent liquidity for trading.
  6. THORSwap acquires ETH.RUNE which will hasten the retirement of ETH.RUNE but can also be used for multiple purposes and bringing additional utility to $THOR.
  7. Fees from our POL (protocol owned liquidity) bring an additive, consistent source of revenue to THORSwap, and also more value accrual to $THOR holders.
  8. Revenue generated by the protocol-owned liquidity will help to sustain and fund operations, marketing, and more.
  9. Efficient liquidity in any pool is important to minimize “bank runs.”

About THORSwap

THORSwap is the leading multi-chain, decentralized exchange (DEX) platform powered by THORChain. Perform cross-chain swaps in a permissionless, trustless, and non-custodial manner.

THORChads DAO

The home of the THORChad Metaverse, where the community can interact with creative projects like NFTs and games. THORChads.com will act as a creative launchpad, supporting new creative community projects with marketing, dev support, and more.

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