Olympus DAO (OHM) is an incredible DeFi project attempting to create a global stablecoin asset backed by crypto, not USD. Some stablecoins, such as DAI, already fit that description, so what makes Olympus DAO and its OHM token different? The Olympus DAO treasury. Olympus uses token staking and bonding to incentivize users to deposit or sell their collateral to the Olympus treasury in return for discounted OHM tokens.
Apollo DAO is building a suite of DeFi applications to fund a Warchest for meta-governance and capital investments in decentralized ecosystems. The Apollo Warchest is bootstrapped by fees from our DeFi protocols and will become a decentralised fund managed and deployed by veApollo stakers. The Warchest focuses on accumulating crypto assets that will be beneficial to the growth of Apollo and those that provide sustainable revenue to further grow the Warchest.
Alchemix Self-Repaying Loans allow you to leverage a range of tokens without risk of liquidation. By borrowing a synthetic version of the asset you deposit you'll avoid the risk of liquidation. Defi innovation on a whole new level, Alchemix is the first same-asset loan product in DeFi. Using your collateral we earn yield on your behalf to pay off your loan automagically!