Olympus Pro Recap: February 2022
Ohmies, welcome to the Olympus Pro recap where we’ll be covering all of the developments, highlights, and data around Olympus Pro on a monthly basis.
In case you missed it, the OP Recap for January 2022 can be found here. At a high level, in January we launched bonds across 10 partners and produced $850k in revenue for the treasury.
In February we launched bonds across ten partners, four of which were new Olympus Pro partners including:
- Crypto Raiders — a utility-based NFT RPG where players own the assets.
- Gamma — An active liquidity management and market making protocol on Uniswap V3.
- Tarot Finance — A protocol for leveraging Fantom LP tokens.
- GET Protocol — A protocol for creating NFT tickets.
In February, Olympus Pro bonds produced ~$644,000 in revenue across all of our partners on all chains. Additionally, the new bonds we launched in February are expected to add $149,000 in new revenue over the next thirty days based on current sales volume.
Keep3r and ShapeShift continue to be key partners in terms of how they use Olympus Pro and the amount of revenue their bonds generate for the treasury. They account for ~$387,000 of the total revenue for February. We also expanded to Polygon this month, which will allow us to tap into new protocols and new potential revenue sources going forward. If you’re a project building on Polygon and are looking to acquire POL or other strategic assets, be sure to get in touch!
A New Olympus Pro Use Case
A big highlight from February was another new use case for Olympus Pro launched by GMX. In short, they launched wETH bonds where bonders earned escrowed GMX. This allowed the GMX team to raise needed funds to continue building out the GMX ecosystem while keeping incentives aligned between the team and bonders. The program ended up raising 472.75 ETH (~$1.4M) for the GMX team, produced $46,600 revenue for the treasury, and proved to be another successful use case for protocols to leverage through Olympus Pro.
Get in Touch
If you’re a project looking to use Olympus Pro to acquire liquidity, strategic assets, or for any other purpose-fit use case don’t hesitate to reach out and fill out an application.
About Olympus Pro
Olympus Pro is a service for protocols looking to utilize bonds in their emissions programs with low overhead and maximum impact. We provide our partners with infrastructure, expertise, and exposure. Projects only need to bring a token and an objective. To learn more, read our in depth guide: A Beginner’s Guide to Navigating Olympus Pro.