@inproceedings{09212744a1474a6ca8dd5190509d361e,
title = "Analysis of Olympus DAO: A popular DeFi model",
abstract = "Recently interest in a Decentralized Finance (DeFi) based on blockchain technology is growing. Among them, Olympus DAO is attracting attention as an innovative model that first proposed the concept of Protocol Owned Liquidity and introduced bonding and staking mechanisms that are different from the existing Defi models. However, the unusually high APY and large price drops of OHM tokens have also raised suspicions of Ponzi scams. In this paper, we analyze the mechanism of Olympus DAO in detail and examine the system architecture based on deployed smart contract codes. In addition, after inspecting the market status related to Olympus DAO, we predict future prospects and suggest ways to improve it.",
keywords = "Blockchain, Decentralized Finance, DeFi, Ethereum, OHM, Olympus DAO, Smart contract",
author = "Ahyun Song and Euiseong Seo and Heeyoul Kim",
note = "Publisher Copyright: {\textcopyright} 2023 Global IT Research Institute (GiRI).; 25th International Conference on Advanced Communications Technology, ICACT 2023 ; Conference date: 19-02-2023 Through 22-02-2023",
year = "2023",
doi = "10.23919/ICACT56868.2023.10079319",
language = "English",
series = "International Conference on Advanced Communication Technology, ICACT",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
pages = "262--266",
booktitle = "25th International Conference on Advanced Communications Technology",
}