Cooler Loans V2 Voting Ends – OlympusDAO

MAY

25

Event date

Sunday 25 May 2025, UTC

Event description

Cooler Loans V2, submitted to Olympus On-Chain Governance on May 16, introduces perpetual, fixed-rate borrowing at 0.5% interest, backed by Olympus reserves. Unlike traditional DeFi loans, it eliminates price-based liquidations and consolidates loans into a single dynamic position, allowing OHM holders to borrow DAI using gOHM as collateral (up to 95% of OHM’s backing value). Voting started on May 18 and ends May 23, with results determining its rollout [OlympusDAO X Post, May 16, 2025]. This feature aims to enhance financial flexibility while maintaining stability in DeFi lending.

Recent News

OlympusDAO has been making strides in 2025. Last month, the protocol announced a governance update enabling cross-chain voting for gOHM holders on Snapshot, expanding participation across blockchains [OlympusDAO Medium, Apr 30, 2025]. This aligns with their mission to democratize governance and strengthen community involvement, setting the stage for Cooler Loans V2.

Future Plans

Looking ahead, OlympusDAO aims to deepen its ecosystem as a Web3-native reserve currency. Their roadmap includes deploying new Clearinghouse contracts with updated parameters to adapt to market needs, as outlined in their docs [Olympus Docs, 2025]. They’re also exploring further integrations to expand OHM’s utility across DeFi platforms.

Onchain Data

While specific onchain metrics for Cooler Loans V2 aren’t available yet, OlympusDAO’s staking activity remains robust, with over 70% of OHM tokens staked for gOHM as of early 2025 [Glassnode Estimate, Mar 2025]. This high staking rate signals strong community trust, likely boosting adoption of the new lending feature.

Community Sentiment

Sentiment on X is mixed. Some users are excited about the fixed-rate borrowing, but others, like @waylon82490033, express skepticism due to past losses in similar DAOs, highlighting the need for transparency [X Post, May 16, 2025].

Risk Disclaimer

While Cooler Loans V2 offers innovative features, DeFi lending carries risks like smart contract vulnerabilities. Always DYOR before participating.

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Olympus (OHM) Events List

Cooler Loans V2 Fireside Discussion

OlympusDAO’s Cooler Loans V2 aims to redefine on-chain borrowing. This upgrade lets OHM holders borrow DAI using gOHM as collateral, with a 0.5% fixed interest rate and up to 95% loan-to-value ratio. Unlike traditional DeFi lending, there are no price-based liquidations or oracle dependencies, thanks to gOHM’s full DAI backing via Olympus’ Protocol Owned Liquidity (POL) model [Olympus Docs]. The fireside chat, a moderator-led discussion, will dive into how this reshapes DeFi lending, offering insights directly from the team. Set your reminders: [link to event]. Recent NewsOlympusDAO has been making waves. On April 30, 2025, they shared updates on Medium, highlighting community growth with 17.4K followers and active governance participation across multiple chains [OlympusDAO Medium]. Their POL model continues to ensure deep liquidity, a key factor in Cooler Loans’ stability. This event follows a surge in DeFi lending scrutiny, as platforms like Aave face volatility concerns [CoinDesk, May 2025]. Future PlansOlympusDAO’s roadmap includes expanding Cooler Loans to support more assets and integrating with additional layer-2 solutions by Q4 2025, aiming to boost scalability and user access [OlympusDAO Website]. They’re also exploring cross-chain staking enhancements to further empower $OHM holders. Onchain DataAs of May 2025, Olympus Treasury holds over $200M in DAI reserves, ensuring Cooler Loans’ solvency [Dune Analytics]. Staking activity for $OHM has seen a 15% uptick in active wallets since March 2025, reflecting growing trust in the protocol [Etherscan]. Community SentimentX is buzzing with optimism. Users praise Cooler Loans V2’s liquidation-free model, with posts like “Finally, a DeFi loan I can trust!” trending. Influencers note its potential to set a new standard for lending protocols. Risk DisclaimerWhile Cooler Loans V2 minimizes liquidation risks, always DYOR—ensure you understand DeFi lending risks like smart contract vulnerabilities.

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