Olympus Labs is a blockchain fintech ecosystem that connects and empowers investment managers, investors, developers, and third-party applications in the cryptocurrency market.
At the core of the Olympus Ecosystem is the Olympus Protocol that enables the decentralized creation of tokenized cryptocurrency financial products such as funds, indexes, futures, lending products, and more. Olympus Labs will become a comprehensive ecosystem for retail and institutional investors alike thanks to the guidance of advisor Payal Lakhani, Director of Index and ETF Creation at the CME Group, as well as a wide range of partnerships with already well-established crypto projects, such as Kyber Network, Digix, Hydro Protocol, amongst others.
The most innovative part of the Olympus Protocol is that it is an assemblable protocol. In the automotive industry, “assemblability” describes the ease of assembling a multi-component design in the manufacturing environment. The introduction of assembly lines by Henry Ford exponentially increased assemblability and drastically reduced costs, ushering in the golden age of the automotive industry. Cars went from a handcrafted luxury to a mass consumption good and the workforce evolved from a small group of highly-skilled craftsman to a diversified workforce across all skill levels.
By extension, an assemblable protocol is one that is built using a modularized and layered architecture, one made up of component that can be easily assembled. That’s how we are building the Olympus Protocol, a protocol for the decentralized creation of tokenized cryptocurrency financial products. We build the core components and define the method of assembly, allowing the developer community to easily assemble and build their products.
Designing an assemblable protocol increases the likelihood of widespread adoption as well as empowers developers to engage, build, and innovate. The Olympus Protocol contains three layers, allowing smart contract and DApp developers across skill levels can contribute to and benefit from the protocol.
The initial launch of the Olympus Protocol features the following:
- 10 core components, which are modules that perform specific financial functions such as buy/sell tokens, rebalance the index, calculate the management fee, and more.
- 4 financial product templates for creating cryptocurrency products, 2 for creating funds and 2 for creating indices.
The financial product templates serve two main purposes:
1. Developers can use these financial product templates to create customized financial product templates and to build DApps of tokenized financial products
2. Integrate into the Olympus Investment Manager Web Portal, the first DApp built on top of the Olympus Protocol, which allows investment managers to create tokenized cryptocurrency funds and indices in minutes without any technical expertise. Investors can invest in the fund/index by sending ETH into the fund/index, and investment managers can earn a management fee on the funds that are invested in their fund/index.
The Portal will allow potential investment managers to create their own indices and funds without fees for the first couple of months and fully manage them.
Olympus Labs’ goal is to usher in the industrial revolution of cryptocurrency finance, to bring the assembly line to blockchain fintech. To follow up with their progress, check out their website along with their Olympus Improvement Proposal and Medium blog, especially the latest article explaining what the Olympus ecosystem and its token, MOT, is all about.