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The world is turning around because of new technology. People can no longer live without the Internet because it makes everything easier. The introduction of blockchain technology has resulted in Web 3.0, a new internet revolution, and De-Fi, a new financial revolution. Entrepreneurs are rushing to enter these industries, and the Olympus DAO clone can help you.
What exactly is De-Fi (decentralized finance)? Why is it showing so popular these days? Why should you begin your Olympus DAO clone project? Here you will learn everything you need to know about launching your own de-fi platform.
Overview of Olympus DAO
Olympus DAO is a decentralized financial infrastructure designed to keep the financial system stable and transparent. DAO stands for Decentralized Autonomous Organization and it operates on the blockchain network. Olympus DAO is a protocol-owned liquidity-focused defi 2.0 project.
It is a new DAO that hopes to create a currency that can be pegged to the USD. It focuses primarily on the mechanism of exchanging LP tokens for Bonds, reducing the frequency of farm and dump transactions, and creating long-term liquidity. This defi platform allows users to engage in staking and bonding. All they have to do is connect their wallet and begin easily staking or bonding.
Olympus DAO money OHM is a non-stable free-floating currency. It is backed by a large number of assets in its treasury. The OHM token is widely used for staking and bonding on the platform.
What is Olympus DAO Clone Script?
Olympus DAO Clone Script is a cloned application of the well-known Olympus DAO DeFi protocol. Stakeholders can easily store value in decentralized assets that are not connected to the traditional centralized finance ecosystem. They can also gain access to assets found in L1 and L2s.
Olympus is run by a dedicated community and its decisions. The administrative option in Olympus DAO Clone Script can be changed based on the business plans of fintech entrepreneurs.
The Olympus DAO Clone Script will be the first protocol clone to include all three aspects of liquidity provisioning:
The Olympus DAO clone’s two major (and successful) features are staking and liquidity-providing options, and it provides token-based incentives to ensure users don’t sell the tokens, resulting in lower volatility.
The Olympus DAO protocol itself runs on the Ethereum blockchain. However, depending on the needs of the entrepreneur, the Olympus DAO Clone Script can only be run on the blockchain with the same model.
Specifications of Olympus DAO Clone
- Blockchain Network: Any preferred Network
- Version: Version 1.0
- Additional APIs: All Prime APIs (custom)
Here, I would submit all Features of the Olympus Clone
- Integrated with all types of Crypto wallets, DeFi Wallet, and Web3Wallet.
- You can do with DeFi Swapping
- DeFi Yield Farming
- Liquidity Pools
- DeFi Staking
- Decentralized Voting
- DeFi Lottery
Here, I would submit Eight Popular Forks Of Olympus DAO
- Wonderland (TIME)
- Klima DAO (KLIMA)
- Rome DAO (ROME)
- Snowbank (SB)
- Hector DAO (HEC)
- Spartacus (SPA)
- Invictus (IN)
- TaiChi DAO (TAC)
Revenue Model in Olympus DAO Clone Script
Within four weeks of its launch, the OHM token had reached $1415, with a market cap of $4.4 billion in November.
Similarly, with the right business use-cases and revenue-generating strategies, you, too, can establish your Olympus DAO Clone as a market leader.
Now, let’s look at how to use Olympus DAO Clone Script to automate your income.
i) Liquidity pool fees
Assume one of your protocol users has $2000 to invest in cryptocurrency.
He spends $1,000 on DAI and $1,000 on OHM on a decentralized exchange, say PancakeSwap. This means he has provided liquidity to a PancakeSwap pool. PancakeSwap rewards him with Liquidity Pool (LP) tokens in exchange for his contributions to the platform.
Now, if someone else wants to exchange DAI or OHM, PancakeSwap can do so. Because it was your user’s contribution to PancakeSwap that enabled the platform to give it to someone else, he will be rewarded with transaction fees once more.
He then sells the Liquidity Pools tokens to your Olympus DAO clone in exchange for a bond, which he then converts to OHM to stake in your platform once more. As a result, he contributes to the liquidity of your platform. Additionally, your platform earns fees from transactions on PancakeSwap and other DEX platforms.
The Olympus DAO treasury earns approximately $75 million per year in liquidity pool fees.
ii) Olympus Pro (or) Bonding
New protocols that lack liquidity can simply issue bonds like Olympus. They can buy and own their liquidity using this model, and your platform can easily take a cut. This model is expected to generate at least $20 million for Olympus DAO this year. As a result, by collaborating with other protocols, your Olympus DAO clone can grow quickly.
iii) DeFi Yield Farming
The yield farming business model generates approximately $110 million per year for Olympus DAO. Similarly, by putting your treasury reserves on other protocols, you can earn interest.
Another source of income can be planted by establishing an in-house incubation program in your Olympus DAO Clone protocol through which third-party projects can be launched. This business model generated $50 million in revenue for Olympus DAO. You can grow by supporting emerging defi businesses.
What Can You Expect From Us?
zodeak is a forerunner in the creation of decentralized finance platforms and other blockchain-related products. We have a team of skilled developers with years of experience in the blockchain industry. We can make the defi platform of your dreams a reality. We also provide
- Improved UX/UI
- Native token development
- Updated Tech stack
- Technical guidance
- Improved security techniques
- 24/7 technical support
- Transparent development
- On-time delivery
- Post-development support
We also have a marketing-savvy professional team on staff. They are experts in digital marketing techniques such as social media marketing, discord marketing, email marketing campaigns, public relations, content marketing, and more. Leave it to us to bring your decentralized finance platform to the forefront.
Launch Your Own DEX like Olympus DAO
If you are a fintech entrepreneur with plans to build a decentralized exchange (DEX) platform similar to Olympus DAO, please contact us at Zodeak Technology. Our blockchain architects will schedule a free consultation call to assist you with your business needs. The DeFi Development Company, Zodeak Technology, assists you in developing a platform that replicates all of the features of Olympus DAO.
Disclaimer: We Are Using The Term ” Olympus ” For The Purpose Of Easy Understanding & Identification. We Are Not Related To ” Olympus ” , Inc. & Not Doing Any Promotion Activities For Them.