Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Decred utilizes a groundbreaking hybrid system that combines proof-of-work and proof-of-stake, enhancing security while aligning community incentives effectively. This dual approach significantly increases the cost of potential attacks, surpassing the risk levels associated with either proof-of-work or proof-of-stake alone. With robust governance mechanisms, Decred empowers its community to participate in consensus changes and oversee project decisions, ensuring that stakeholder interests drive its evolution. As a result, Decred is capable of adapting to changes, integrating new technologies, and resisting forks over time. The project sustains itself by allocating 10% of every block reward to its treasury, coupled with a flexible contractor model that compensates contributors for their efforts. This structure positions Decred as a self-sustaining decentralized autonomous organization. Additionally, users can utilize DCRDEX within Decrediton to cast votes on four proposed consensus changes, making it an opportune moment to upgrade to the 1.7 release. Make sure to engage with the community and explore the latest features available!
Description
The increase in bond sales and LP fees contributes to treasury revenue, secures liquidity, and aids in managing the OHM supply effectively. This influx of treasury funds not only enhances the treasury balance but also supports the backing of outstanding OHM tokens and regulates the staking APY. Olympus is meticulously constructed with a focus on the long-term viability of the protocol. Each OHM minted for staking rewards is underpinned by a reserve from the treasury, ensuring stability. As OHM is minted and distributed for staking rewards, the overall staking dynamics are influenced; with more OHM staked, the APY may decrease, but this also elevates the price of OHM, establishing a protective equilibrium for investors. Furthermore, Olympus’s ownership of nearly all its liquidity plays a crucial role in sustaining price stability and generating treasury income. Through protocol-owned liquidity, Olympus safeguards itself against volatile and adverse market conditions, benefiting from its design's durability and efficiency. In essence, this strategic approach fosters a resilient ecosystem that prioritizes both investor security and sustainable growth.
API Access
Has API
No
API Access
Has API
No
Integrations
Cointelli
Yes
DeepDAO
No
Exponential DeFi
No
HolyTransaction
Yes
Koinly
Yes
Ledger Nano X
Yes
MetaMask
No
WalletConnect
No
Integrations
Cointelli
No
DeepDAO
Yes
Exponential DeFi
Yes
HolyTransaction
No
Koinly
No
Ledger Nano X
No
MetaMask
Yes
WalletConnect
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Decred
Website
decred.org
Vendor Details
Company Name
Olympus DAO
Founded
2020
Website
www.olympusdao.finance/