AKAS DAO Pioneers a New Generation of All-Chain DeFi Protocols
Rebuilding Trust and Order On-Chain Through Resonance, Governance, and Code
Prologue: Reigniting the Faith in Decentralization
As Ethereum transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS), it ceased to be a utopia for consensus builders and instead became a stage dominated by capital manipulation. They amass a huge quantity of tokens by staking, seize the dividends generated from users' faith and commitment, shatter the community consensus, and leave users mired in a trust crisis.
Centralized Exchanges (CEX) - Decentralized Exchanges (DEX) - Olympus DAO - AKAS DAO
The Evolution of Olympus DAO and the Rise of AKAS DAO
Olympus DAO 1.0 (2021)
– Foundational Model: Bond + Staking
This marked the inception of Olympus DAO and the genesis of the entire "Protocol-Owned Liquidity" concept.
Core Mechanisms:
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Bonding Mechanism: Users exchanged assets like DAI for discounted OHM tokens, which were then locked up for a specified period. This enabled the protocol to accumulate its own reserve assets.
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Staking Mechanism: Users holding OHM tokens could stake them to earn high Annual Percentage Yields (APYs) and achieve exponential growth through re-staking.
Objectives:
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Establish the protocol's own asset reserves to eliminate reliance on external liquidity.
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Positioning OHM as a decentralized reserve currency.
Issues:
The initial distribution of tokens was largely captured by speculators, resulting in an unstable ecosystem and significant price volatility.
Olympus DAO 2.0 (Q4 2021)
– The Era of POL & Exploration of Real Yields
To address the instability of the 1.0 ecosystem, an upgraded version of the ecosystem was introduced.
Key Updates:
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Shift to "Protocol-Owned Liquidity" (POL): Gradually transferring liquidity provider (LP) positions (such as OHM-DAI) under the protocol's control to mitigate the risk of liquidity mining outflows.
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Introduction of a more robust Bond model (e.g., Inverse Bonds): Enabling the protocol to repurchase OHM tokens using reserve assets to control circulating supply.
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Establishing Intrinsic Value: Advancing the concept that "OHM is intrinsically backed by DAI."
Significance:
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Initiating efforts to build a more sustainable token model.
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Guiding the community to focus on long-term value rather than short-term APYs.
Olympus DAO 3.0 (2022)
– SubDAO & Holistic Ecosystem Development
Olympus DAO is no longer just a monetary protocol; it has begun exploring the construction of a complete ecosystem.
Core Concepts:
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SubDAO (Sub-protocol) Development: Supporting multiple protocols based on the Olympus model, such as Redacted Cartel, Temple DAO, etc., forming a governance matrix.
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DAO Architecture Innovation: Introducing more community governance mechanisms to promote cross-project collaboration.
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Support for More Application Scenarios: Utilizing OHM for stablecoin backing, cross-chain protocol collateralization, governance voting, etc.
Features:
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Olympus DAO has evolved from a single product into an ecological anchor within the DeFi world.
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Emphasis is put on governance synergy and resonant value among protocols, exploring new pathways for "money as governance."
Olympus DAO 4.0 (Q2 2025)
– AKAS DAO The All-Chain Protocol . Global Launch
Building upon the core essence of the Olympus DAO protocol—Protocol-Owned Liquidity (POL) and on-chain governance mechanisms, we have undergone a comprehensive upgrade and structural reorganization. Not only have we optimized the incentive distribution framework, but we have also introduced a novel resonant incentive model. This enables the realization of an on-chain order truly driven by consensus, governed by the community, and fully executed by code.
