# Building a Decentralized Reserve Currency with Olympus

- Channel: [Ethereum Malaysia](https://streameth.org/ethereum-malaysia)
- Date: 2022-10-09
- Duration: 1:25:26
- Topics: ethereum, blockchain, kuala lumpur
- Watch: https://streameth.org/watch/yt--TFIj05SEH0
- YouTube: https://www.youtube.com/watch?v=-TFIj05SEH0

## Description

We host Wollemi from the OlympusDAO community to chat on decentralised reserve currencies and life in a DAO.

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Timestamps:
00:33 ​Introduction & Monthly Roundup
08:17​ Building the Decentralized Reserve Currency
42:44​ Fireside Chat with Wollemi

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Guest:
Wollemi has been in crypto since 2012 and is involved in the Give, Grants and Incubator programs within OlympusDAO.

Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX) in the Olympus treasury, giving it an intrinsic value that it cannot fall below. Olympus also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

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Target audience:
Anyone curious about Olympus and DAOs