
EP 15 - Is Zeus of Olympus DAO the god of protocol planning we didn't know we needed? ($OHM)
Michele Morrone
Description
<p>## Guest Info</p> <p>Name of Guest: Zeus</p> <p>Name of Project: Olympus DAO (OHM) </p> <p>Twitter URL of Guest: https://twitter.com/ohmzeus</p> <p>Project Twitter URL: https://twitter.com/OlympusDAO</p> <p>Project URL: https://www.olympusdao.finance/</p> <p>Project/Guest Description:</p> <p>Reserve currency protocol for DeFi</p> <p>### Bitcoin Disappoints</p> <p>Disappointment in Bitcoin and it's community can lead to amazing innovations.</p> <p>Disenchanted because bitcoin kept shifting the narrative of what it was. It was no longer a currency and now was a "store of value". </p> <p>Michael Saylor being a hero of Bitcoiners was a big factor. Felt like the community only cared about somebody pumping their bags. </p> <p>### Turned to create something better</p> <p>Ampleforth caught his eye. Found it to be super interesting </p> <p>Tried to hold a $1 peg by changing holder balances to change the value</p> <p>He thought it was a big innovation.</p> <p>Really hard to control price in a market with all the volatility and lack of liquidity</p> <p>The important thing is value</p> <p>Function of price and supply</p> <p>Can't control price, but can influence price with supply. </p> <p>Thought that this kind of thing is what would replace bitcoin.</p> <p>### Control the supply</p> <p>Moderate functions of the system to influence and manifest desirable behavior of the currency. </p> <p>Bond system that the system can use to influence economic behavior</p> <p> Liquidity is critical to the success and that is the entire model of the system.</p> <p> Bonds and how they function in Olympus DAO. </p> <p> </p> --- Support this podcast: <a href="https://anchor.fm/missiondefi/support" rel="payment">https://anchor.fm/missiondefi/support</a>
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EP 15 - Is Zeus of Olympus DAO the god of protocol planning we didn't know we needed? ($OHM)
Michele Morrone