Olympus V2 strongly prioritizes decentralization and immutability.
Let’s go over what’s new:
On-Chain Governance
Stakers will take full control of protocol contracts through an implementation of Compound’s Governor Bravo. This will occur in a phased roll-out. It will begin with a guardian multisig (like we have today), followed by an on-chain governed Treasury, followed by on-chain governed bonds.
On-chain governance will occur through the gOHM token (previously called wsOHM). Users can now stake directly into/out of gOHM, saving precious time and gas.
V2 is a massive step for Olympus. Through these upgrades, we will operate in a fully trustless, governance-minimized environment in the coming months.
This is in line with the vision we set out to bring into reality eight months ago. We hope you are as excited as we are!
