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  • Tokens
  • Olympus (OHM)

    10/17/2025 04:00 UTC

    $22.71

    % Today
    0.52%

    Unlock Schedule

    Olympus (OHM) Token Unlock & Vesting Schedule

    The unlock chart above provides a clear visual overview of the Olympus (OHM) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence OHM price performance.

    Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

    Tokenomics & Utility

    Olympus tokenomics at a glance

    Olympus tokenomics center on a transparent treasury and policy‑driven supply. The treasury holds reserve assets (consolidated primarily in sDAI and related stable instruments) and protocol‑owned OHM liquidity. When OHM trades at a premium to its backing, the Emissions Manager may mint and sell a measured amount of OHM, growing reserves. When conditions weaken, YRF and RBS can buy and burn OHM or provide bid support. This creates a reflexive loop intended to keep OHM liquid and range‑bound over time. (docs.olympusdao.finance)

    • Supply expansion: Programmatic emissions through Bond Protocol markets when a premium exists. (docs.olympusdao.finance)
    • Buybacks and burns: Yield‑funded repurchases (plus use of purchased OHM’s backing) on a set schedule via YRF. (docs.olympusdao.finance)
    • Liquidity strategy: Long‑term POL on Uniswap v3 and dynamic OHM/DAI depth via RBS. (docs.olympusdao.finance)

    What moves the OHM price?

    While this page does not list live data, several evergreen drivers shape perceived value: the size and composition of backing; policy settings like emission thresholds; treasury yield routed to buybacks; and market demand for OHM as a unit of account, collateral, or treasury asset. In short, “Olympus tokenomics” tie OHM price dynamics to measurable on‑chain mechanics. (docs.olympusdao.finance)

    gOHM governance power and borrowing

    gOHM holders steer upgrades and monetary policy through on‑chain voting. They can also borrow against their gOHM in Cooler Loans for stable liquidity without selling, a core utility for DAOs, long‑term holders, and integrators building OHM‑native products. (docs.olympusdao.finance)

    Assumptions

    • OHM supply is uncapped; we model realized issuance up to 2025-10-15 and do not project beyond.

      Olympus’ monetary policy allows mint/burn via bonding, former rebasing, pOHM exercises, and Emissions Manager, with no max cap.

    • Protocol-Controlled Issuance aggregates rebases, bond payouts (to bonders), any historical DAO mint from bonds (legacy), pOHM exercises, and Emissions Manager mints.

      Olympus’ own docs enumerate all as supply growth paths; precise per-mechanism breakout is not available in primary sources used here, so we consolidate and segment by policy era.

    • Total modeled supply used for allocation percentages is 21,110,000 OHM as of 2025-10-15 (community sale + initial liquidity + aggregated issuance).

      Anchored to CoinMarketCap-reported total supply for OHM v2 around the accessed date; treated as approximate for visualization.

    • Temporal segmentation and token amounts within the Protocol-Controlled Issuance allocation are apportioned proportionally by era length.

      Reward rate changes (OIPs) and the rebase shutdown date are well-specified, but authoritative monthly mint-by-source data was not available from primary docs; proportional apportioning yields a tractable monthly-linear series for charting.

    • Rebasing ended on 2023-10-06; subsequent issuance is via Emissions Manager when premium >= minimum.

      Confirmed via Olympus forum guidance and current docs that staking is now non-rebasing (legacy) and EM handles programmatic issuance.

    Allocations

    Initial Discord Offering (Community Sale)
    0.24%
    Percentage of total token supply
    95%
    How certain we are about this information
    50,000 tokens
    Cliff: Mar 14, 2021 — NaN% of allocation
    50,000 OHM sold at $4 in the Initial Discord Offering held Mar 12–14, 2021; distribution completed at sale close.
    Initial Liquidity Provision
    0.09%
    Percentage of total token supply
    90%
    How certain we are about this information
    18,260 tokens
    Cliff: Mar 14, 2021 — NaN% of allocation
    OHM added as initial liquidity at launch alongside treasury assets; part of 68,260 initial supply.
    Protocol-Controlled Issuance (Rebases, Bond Payouts, pOHM Exercises, Emissions Manager)
    99.68%
    Percentage of total token supply
    35%
    How certain we are about this information
    21,041,740 tokens
    Linear vesting: Mar 23, 2021 - Jun 15, 2021 (monthly)
    Bootstrapping period. High initial reward rate (~0.44%/epoch) prior to OIP-11; active bond sales mint OHM to bonders (vesting) and DAO per legacy design; pOHM optionally exercisable when price > intrinsic value.
    Linear vesting: Jun 16, 2021 - Dec 31, 2021 (monthly)
    OIP-11 reduced reward rate toward 0.35% of total supply; OIP-18 introduced supply-tiered framework and set 0.2975%. Bond payouts continued (vesting linearly).
    Linear vesting: Jan 3, 2022 - Jan 31, 2022 (monthly)
    OIP-63 adjustment period lowering reward rate toward 0.1587% of total supply over ~4 weeks.
    Linear vesting: Feb 1, 2022 - Oct 31, 2022 (monthly)
    Low-reward regime (~0.1587%/epoch) per OIP-63; bonds and vesting active.
    Linear vesting: Nov 1, 2022 - Oct 6, 2023 (monthly)
    Reward rate further reduced (e.g., OIP-100 to 0.1186% min per OIP-18 range) and transition to V3 base-rate framework (OIP-119). Rebases remain active until rebase rate set to 0% on 2023-10-06.
    Linear vesting: Oct 7, 2023 - Oct 15, 2025 (monthly)
    Post-rebase era. Staking APY discontinued (rebases off). Issuance occurs programmatically when OHM trades at a premium via Emissions Manager (creates Bond Protocol markets based on base emission rate and premium). Includes any pOHM exercises during this period.
    Last Updated: 10/15/2025 00:57 UTC

    Description

    #215

    The Olympus protocol is a decentralized financial (DeFi) system that supports OHM, a treasury-backed token.

    Sector: Asset Management
    Blockchain: Ethereum
    2021