The point of OHM is to act as a store of value, not pegged to the $1 mark as are USDT, USDC, and others. Instead, Olympus DAO uses a protocol-owned reserve of cryptocurrency assets to back the issuance and value of OHM tokens.31 Ara 2021
Read moreWhat happened OHM crypto?
Olympus DAO’s native token hit $1,415 at its peak in 2021, and it has dropped 91.8% from an all-time high. Experts believe that capitulation by whales triggered a drop in the Ethereum based token’s price.
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