9. Community and Governance

Olympus Finance is a community-driven project, and its success depends on the active participation and cooperation of the community. This section describes the role of the community, the governance mechanism, and the plan for transitioning to a DAO.

Role of the Community:

The Olympus Finance community plays the following important roles:

• Participation in Governance: $OHM2 token holders have the right to participate in decision-making regarding the operation of the protocol. They can express their approval or disapproval of proposals through voting and influence the direction of the project.

• Providing Feedback: The community contributes to the development process by providing feedback to the development team on product usability, improvement requests, bug reports, etc.

• Contributing to Ecosystem Growth: Community members contribute to the growth of the ecosystem through disseminating information about Olympus Finance, attracting new users, and planning and operating community events.

• Promoting Innovation: The developer community promotes innovation by developing applications and tools that extend the Olympus Finance protocol and AI agents.

Governance Mechanism:

The governance of Olympus Finance is designed with an emphasis on transparency, fairness, and efficiency.

• Proposals: Any $OHM2 token holder can make proposals for improving or changing the protocol. Proposals are submitted through official forums, Discord, and other community channels.

• Discussion: Proposals are discussed by the community, and the proposer and other members exchange opinions on the merits and demerits of the proposal.

• Voting: After a certain period of discussion, proposals are put to a vote. $OHM2 token holders exercise voting rights according to their holdings and express their approval or disapproval of the proposal.

• Implementation: Proposals approved by voting are implemented by the development team.

Role of AI Agents:

In Olympus Finance, AI agents play a role in supporting the governance process.

• Information Aggregation and Analysis: AI agents analyze community channels and on-chain data to understand community sentiment and market trends.

• Proposal Optimization: AI agents analyze the content of proposals and suggest improvements to enhance the quality of proposals.

• Voting Behavior Analysis: AI agents analyze past voting data to understand patterns and trends in voting behavior.

Transition to DAO:

Olympus Finance aims to transition to a fully Decentralized Autonomous Organization (DAO) in the future. Through DAOification, the operation of the protocol will be completely managed by the community, and there will be no centralized administrator.

Transition Plan:

• Phased Transition: DAOification will proceed in phases, initially transferring key decision-making to the community.

• Establishment of Governance Framework: Establish the rules, procedures, and tools necessary for the operation of the DAO.

• Community Education: Educate community members on how to participate in the DAO and the governance mechanism.

• Utilization of AI Agents: Further utilize AI agents to streamline the operation of the DAO.

Olympus Finance aims to realize a truly autonomously decentralized financial system by combining the power of the community and AI.