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**Understanding the Recent Olympus Community’s Vote on the OIP-137 Proposal**

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On April 16th, it was reported that the Olympus community, the Algorithm Stable Coin Protocol, has voted on the OIP-137 proposal to purchase more ETHs to support OHM tokens. The OI

**Understanding the Recent Olympus Community’s Vote on the OIP-137 Proposal**

On April 16th, it was reported that the Olympus community, the Algorithm Stable Coin Protocol, has voted on the OIP-137 proposal to purchase more ETHs to support OHM tokens. The OIP has established a new framework for its DAO finance, including gradually changing the treasury asset ratio to 75% stable currency and 25% directional exposure. Currently, it consists of approximately 79% stable assets and 21% volatile assets, which is expected to reduce stable currency exposure by approximately $25 million.

Algorithm stable coin protocol Olympus will purchase more ETHs to support OHM tokens

The Olympus community has recently made a significant decision regarding its Algorithm Stable Coin Protocol. On April 16th, 2021, the community members voted on the OIP-137 proposal to purchase more Ethereum (ETH) to support OHM tokens. The outcome of this vote has created a buzz within the cryptocurrency community, and it’s important to understand what it means.

**What is the Olympus Community and Algorithm Stable Coin Protocol?**

Before delving into the recent vote on OIP-137, it’s important to understand the basic concept behind the Olympus community and its Algorithm Stable Coin Protocol. Olympus is a community-owned and governed project that allows the creation of stablecoins backed by its native token, OHM.
The Olympus Protocol is a unique cryptocurrency project that combines the concept of algorithmic stablecoins with liquidity pools. The protocol consists of two tokens, OHM, and the Bond token. OHM serves as the governance token of the Olympus DAO and has a special feature called the “Treasury,” which is a smart contract that holds a dynamic mix of assets.

**The OIP-137 Proposal: What is it and What Does it Mean?**

Now that we have a basic understanding of the Olympus community and the Algorithm Stable Coin Protocol, let’s dive into the OIP-137 proposal.
The OIP-137 is a proposal that suggests modifying the Olympus treasury’s asset allocation ratio between stable assets and volatile assets. This proposal seeks to bring a balance between these two types of assets, which will enable the Protocol to deal with unstable conditions better.
The community members have voted in favor of the proposal, which means that the treasury’s asset allocation ratio is set to change gradually in the coming weeks. Under the proposal’s new framework, the treasury’s asset allocation ratio will be changed to 75% stable currency and 25% directional exposure.
Currently, the treasury is made up of approximately 79% stable assets and 21% volatile assets. The proposed change in asset allocation is expected to reduce the stable currency exposure by approximately $25 million. This change will allow for greater directional exposure to other assets, such as Ethereum (ETH).

**Implications of the OIP-137 Proposal**

The decision to pass the OIP-137 proposal holds positive implications for both the Olympus community and the cryptocurrency market as a whole. This proposal will enable the protocol to allocate a more balanced mix of assets that can withstand volatile market conditions.
The change in asset allocation will also provide greater directional exposure to other assets such as ETH, which could increase the demand and price of the asset.
Moreover, the proposal’s passing demonstrates the strong governance system and decision-making capabilities of the Olympus community. The successful vote represents a significant step in the evolution of the Olympus Protocol’s governance infrastructure.

**Conclusion**

The OIP-137 proposal’s passing is a significant development in the Olympus community’s evolution and the cryptocurrency market as a whole. The proposal’s new framework will provide a balanced mix of assets that can withstand volatile market conditions and provide greater exposure to assets such as Ethereum.
The successful vote also exemplifies the strength and decision-making abilities of the Olympus community, which speaks to the importance of community participation in governance models.

**FAQs**

Q1. What is the Olympus Protocol, and how does it work?
The Olympus Protocol is a cryptocurrency project that allows the creation of stablecoins backed by its native token, OHM. It combines the concept of algorithmic stablecoins with liquidity pools, creating a unique decentralized protocol.
Q2. What is the OIP-137 proposal, and why is it significant?
The OIP-137 proposal seeks to modify the treasury’s asset allocation ratio between stable assets and volatile assets. The successful vote in favor of the proposal signifies the community’s strength and decision-making abilities and will enable the Protocol to allocate a more balanced mix of assets, providing greater exposure to other assets such as Ethereum.
Q3. What does this mean for the future of the Olympus Protocol and the cryptocurrency market?
The passing of the OIP-137 proposal demonstrates a significant step in the evolution of the Olympus Protocol’s governance infrastructure and provides greater exposure to Ethereum, which could increase the demand and price of the asset. The proposal’s success is a testament to the importance of community participation in governance models and exemplifies the strength of decentralized decision-making.

**Keywords**

Olympus community, Algorithm Stable Coin Protocol, OIP-137 proposal, Ethereum, OHM tokens, treasury asset ratio, direction exposure, governance, cryptocurrency market.

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