OlympusDAO

2021-03-01

OlympusDAO launches OHM token via Discord offering and IDO on SushiSwap at approximately $4 per OHM. Early Discord participants could purchase 141 OHM each.

2021-10-26

OHM reaches an all-time high price range of approximately $1,315–$3,209 depending on data source and rebase-adjustment methodology.

2021-11-01

OlympusDAO market capitalization peaks at approximately $4.4 billion. Treasury TVL peaks at approximately $866 million in December 2021.

2021-12-05

CoinDesk publishes 'Olympus DAO Might Be the Future of Money (or It Might Be a Ponzi),' one of the first major media analyses questioning the sustainability of OHM's treasury-backing model.

2022-01-01

OHM declines more than 90% from its all-time high. Cascading liquidations of leveraged sOHM positions accelerate the sell-off, with approximately $150 million in OHM liquidated within 30 days.

2022-01-27

Wonderland (TIME), the largest OlympusDAO fork, collapses after the revelation that a core team member, known as '0xSifu,' was Michael Patryn, co-founder of the fraudulent Canadian exchange QuadrigaCX. Rebase token sector suffers broad contagion.

2022-04-14

Australian investor Jason Liang files suit in U.S. District Court for Connecticut against OlympusDAO co-founders, alleging fraud and the disabling of smart contracts that prevented redemption of 4 million pOHM tokens worth over $20 million.

2022-10-21

Bond Protocol smart contract exploit drains approximately 30,437 OHM (~$300,000) from OlympusDAO bond markets via an input validation flaw in the Fixed-Expiry Teller redeem function.

2022-10-21

The Bond Protocol exploiter returns all stolen OHM funds to OlympusDAO within hours under an undisclosed arrangement.

2023-01-31

Bankless Times reports the Liang v. OlympusDAO lawsuit remains active, framing it as a test of decentralization as a legal defense against investor claims.

2023-03-01

OlympusDAO transitions away from fixed high-APY staking emissions toward zero, adopting a sustainability-focused model centered on protocol-controlled lending products including Cooler Loans.

2024-07-01

U.S. District Court for the Northern District of Illinois enters summary judgment against Sam Ikkurty (CFTC action), finding he ran a Ponzi scheme that invested 90% of $83.7 million in customer funds in OHM. The ruling classifies OHM as a commodity under the Commodity Exchange Act.

2025-04-30

OlympusDAO launches a sUSDS lending vault on Morpho in collaboration with Gauntlet, allowing the protocol to generate yield on idle treasury reserves using Pendle Principal Tokens as collateral.