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

OlympusDAO Community Call: Convertible Deposits

Set for 2:00 PM UTC on September 4, 2025, via Discord, the call will cover Convertible Deposits in depth. These allow users to place assets at a premium, with options to convert to OHM or redeem the principal, generating yield for the protocol to repurchase tokens. The purpose is to transform one-time inflows into structured positions that boost liquidity and stability. Its significance is in advancing OlympusDAO's vision of a programmatic treasury framework, making OHM a more reliable reserve currency. Impacts may include increased treasury growth, better price support, and wider DeFi adoption, though new mechanisms can introduce short-term volatility; users should assess risks carefully.Recent NewsIn August 2025, Olympus integrated OHM with Coinbase DEX on Base, expanding accessibility and utility. June brought an upgrade to Chainlink's CCIP for seamless cross-chain transfers, enhancing interoperability. These follow a strong Q2 with treasury expansions and community governance updates, reflecting renewed focus on sustainable DeFi tools amid broader market recovery.Future PlansOlympusDAO's 2025 roadmap prioritizes liquidity and credit innovations. Post-launch, Convertible Deposits will integrate with tokenized options chains for flexible trading. By year-end, expect multichain expansions and enhanced staking rewards. Long-term, the protocol aims for global financial inclusion through stable, backed assets, targeting billions in treasury value and deeper institutional ties.Onchain DataOHM's market cap hovers around 400 million dollars, with 24-hour trading volume at 457,000 dollars, up 88 percent recently. Etherscan shows over 50,000 holders and consistent transactions. Treasury assets exceed 400 million dollars per dashboards, though detailed staking metrics from Dune Analytics or Glassnode are limited; focus on growing TVL signals active engagement.Community SentimentX reactions to the call show enthusiasm for Convertible Deposits, with users calling them a fresh take on DeFi utility. Positive posts highlight potential for dynamic liquidity, while skeptics question conversion rates; overall, sentiment leans optimistic, viewing the feature as a key evolution for OlympusDAO.

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September 4

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