OLY
OLY Rank —Price chart
What is OLY?
Overview
OLY ONE is a DeFi protocol designed to maintain asset stability while promoting active community participation. It combines bonding and staking mechanics from OlympusDAO V3 with additional features aimed at reducing volatility and ensuring resilient value accrual. The protocol serves users seeking both yield opportunities and governance participation in a treasury-backed financial system.
How it works
The protocol operates on BNB Chain and uses a treasury system to back its native token against market fluctuations. It incentivizes liquidity provision through LP growth strategies to deepen trading pools and reduce slippage. A "black-hole burning" mechanism systematically removes tokens from circulation by sending them to irretrievable addresses, creating deflationary pressure.
Token and supply
OLY has a fixed supply of 1.1 million tokens. The token functions as a staking asset for earning rewards, a governance instrument for voting on protocol upgrades and treasury decisions, and the core asset backing the protocol's reserve system. The black-hole burning mechanism reduces the circulating supply over time to benefit long-term holders.
Where to trade OLY
Exchanges that list this asset
Live spot quotes from connected exchanges
OLY funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.