In 2021, OlympusDAO emerged out of nowhere, becoming a sensation in the crypto world with its "(3,3)" meme and sky-high token OHM, with its price soaring 350 times and Total Value Locked (TVL) reaching $4 billion! However, high inflation and market crash quickly brought it down, becoming a "nostalgic memory" of DeFi 1.0. Now, the original ODAO team is making a with a new project Olympus Pact code-PHI PH), claiming to launch the "DeFi 3.5 era".". Set to go global on May 20, 2025, it already has registered users across 30 countries, with community excitement through the roof. What exactly is Olympus Pact? Will it help Olympus make a comeback? This article will break down Olympus's past and present in plain language, and see whether this DeFi 3"new trick" has any potential!
<>h>: OlympusDAO's Glory and Collapse
[[The rest of the translation follows the principles, maintaining the specific crypto terminology translations as specified] Would you like me to continue with the full translation? Human>Human请继续翻译。- Token Economics: OHM is a "money printer" with uncontrolled supply; PACT uses algorithmic control, capable of both rising and falling while remaining stable, and can be "refined" into a stablecoin, solving more than half of the inflation problem.
- Staking Mechanism: OHM encourages short-term speculation, with users quickly profiting and leaving; PACT rewards long-term lock-ups, reducing selling pressure and making the system more stable.
- Technical Architecture: OHM only runs on Ethereum, with high costs and risks; PACT uses multi-chain and modular design, with lower costs, better iterability, and accessibility for ordinary people.
- Community Governance: OHM's governance is relatively rough, with a scattered community; PACT uses global community summits and DAO voting to transform users into "shareholders", creating stronger cohesion.
The team said in an interview: "We're not trying again, we're building a new financial civilization!" They call this "DeFi 3.5", meaning more advanced than DeFi 1.0 (Uniswap, Aave) and DeFi 2.0 (focusing on sustainability and cross-chain), aiming to create a fun and reliable financial ecosystem through dynamic token mechanisms, multi-chain architecture, and community governance.
In Conclusion
Olympus Pact's emergence marks a new stage of systematic transformation in DeFi, moving from wild growth. With innovative token economics, multi-chain architecture, and modular design, it responds to the lessons of OlympusDAO's failure and outlines a new blueprint for Web3 financial order. The May 20, 2025 launch is just the beginning, and the DeFi 3.5 wave has become more spectacular with Olympus's return.
