Olympus Community Call - October 2025

October2CommunityCall.mp3

Convertible Deposits (CDs) Update

• Second round audit for CDs is complete with no high, medium, or critical findings – only informational suggestions for gas optimization.
• This unblocks deployment and progression toward OCG (Olympus Credit Guild).
• Initially planned to use USDS as the deposit asset, but explored USDE for higher yield.
• USDE has a non-standard cooldown period for withdrawals that's incompatible with the CD system.
• Team is developing a workaround through an intermediate contract to handle USDE's cooldown period, but this will require additional auditing (estimated 2 months away).
• Working with Ethena team on CD front and token composability, with a solution to push through to CD depositors.

Treasury Management & Strategies

• Current treasury earnings are approximately $70,000 per week, all directed to YRF (Yield Repurchase Facility).
• YRF uses these funds to buy back and burn OHM tokens.
• Morpho integration started with a $500,000 pilot, scaled to $10.5 million with returns of 6.7% ($188,000).
• Treasury strategy has evolved based on market conditions – previously liquidated ETH at $1,600 to offer Cooler loans.
• RFC proposal to move to Athena for potentially higher yields than current ~4.75%.
• Discussion of participating in lending markets where OHM collateral could generate high interest rates.
• Team working to automate treasury management functions through the Olympus Heart contract.

Partnerships & Integrations

• The Olympus Heart contract executes tasks every 8 hours and will include a new configurable task system.