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https://www.gate.com/announcements/article/45974
OlympusDAO has launched a technical co-construction plan, and Olympus Pact is rewriting the underlying logic of the financial system.
Olympus Pact is a new generation of decentralized financial system initiated and reconstructed by the original core members of OlympusDAO. After three years of market practice and technical calculations, the team comprehensively repaired the mechanism defects of the original OHM protocol and rewrote the system, and finally formed an on-chain financial operating system with PHI as the core. Different from traditional DeFi projects, Olympus Pact no longer relies on high inflation incentives or sentiment-driven, but tries to build a sustainable, governable, and evolvable on-chain financial civilization foundation for Web3 through mechanisms such as "sovereign staking, multi-chain architecture, and real asset support". The birth of PHI symbolizes a new attempt to return from the cyclical illusion and reconstruct trust through institutions.