Olympus (OHM) is an algorithmic currency protocol designed to create a stable, crypto-native currency that operates like a decentralized central bank. Unlike traditional stablecoins, OHM is backed but not pegged, relying on reserve assets such as DAI to manage its value while allowing its price to be market-driven with a floor of 1 DAI. The protocol builds its treasury by issuing tokens to acquire assets, setting it apart from other systems like FEI, which maintain a strict dollar peg. Discover how Olympus is redefining stability in the crypto space with its unique approach to decentralized finance.
You can view, swap, send and receive OHM tokens directly from your MEW Wallet. To receive your OHM tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the OHM token information page. You can send your OHM tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your OHM tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.