What is OHM backed by?

The Olympus DAO treasury plays a pivotal role in underpinning the value proposition of OHM. Specifically, each OHM token is backed by 1 DAI, a decentralized stablecoin. This backing serves as a foundational layer of security and trust, providing a tangible asset to support the dynamic valuation of OHM.

OHM, a novel digital asset, was unveiled by Olympus DAO as a groundbreaking alternative in the realm of digital currencies. Distinguishing itself from the traditional stablecoins, OHM does not adhere to a fixed value tied to another currency, offering a unique and dynamic market position.

The valuation of OHM is rooted in a fundamentally different approach. Rather than being pegged to a stable asset, the worth of OHM is intrinsically linked to the health and growth of the Olympus DAO ecosystem. This design encourages users to view OHM as a valuable contributor to the system's long-term success.

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