OlympusDAO Launches a New Phase of On-Chain Financial Deployment, Ushering in a New Era of Institutional Reconstruction
After a long period of relative silence in the DeFi world, OlympusDAO has released a crucial signal: a brand-new deployment is about to begin. According to an official announcement posted on OlympusDAO’s Twitter account yesterday (January 22), the core development team is set to begin the phased rollout of its next-generation on-chain financial system — a sign that the protocol, which once ignited the fire of DeFi 2.0, is now preparing for a return with greater institutional depth and civilizational ambition.
In 2021, OlympusDAO emerged as a flagship protocol of the DeFi 2.0 movement. Its concepts of Protocol-Owned Liquidity (POL), high APY incentives, and community-driven governance sparked both a wave of financial consensus and a sweeping social experiment. With its TVL peaking over $4 billion and more than 100,000 users participating, OlympusDAO came closer than any other protocol at the time to achieving the vision of on-chain financial sovereignty.
However, prosperity brought with it serious challenges. High inflation created unsustainable value bubbles; governance power became overly centralized and hollowed out; reliance on a single reserve model eroded trust; and a closed system architecture hindered scalability. OlympusDAO’s ideals, ultimately, revealed the fragile foundation of DeFi’s institutional and consensus-building efforts.
It’s more accurate to say OlympusDAO chose to retreat and rebuild, rather than faded away. Beginning in 2022, the core development team launched a series of internal reconstruction efforts — including the automation objectives proposed in OIP-148, and a range of research initiatives around governance modules, reserve models, and consensus participation mechanisms.
This was a race against time — an institutional experiment and a reflective correction to past iterations. As one core member said in a community discussion:
“We are not abandoning anything — we are builders of protocol civilization.”
Now, three years later, OlympusDAO — the original spark that once lit the fire of faith — is preparing for its return in a new form. This time, the vision is backed by institutional design. This time, what they bring is not just a “new product,” but a new order.
According to the official statement, the upcoming deployment will not be a one-off release. Instead, it will be rolled out in a modular, phased approach, with each phase addressing key components such as governance structures, asset reserve models, and mechanisms for user participation. This strategy not only supports risk management but aligns with OlympusDAO’s long-standing philosophy of consensus-driven evolution.
It is also worth noting that the team did not refer to this deployment as a “new project launch,” but explicitly positioned it as a continuation of the protocol — built upon years of operational experience, institutional reflection, and technical upgrading. Regardless of what name or form it takes, the core philosophy and principles of OlympusDAO will remain deeply embedded in this new financial restructuring effort.
Looking back on OlympusDAO’s journey, it’s clear the project never truly disappeared. The flame that once lit up the DeFi world is being rekindled — this time through institutional design and deliberate action.
In the coming weeks, we will witness the next stages of OlympusDAO’s deployment and see how it transitions from a “past spark of ideals” to a “future architecture of institutional order.”
Perhaps the official statement says it best:
“This upgrade is a critical milestone.”
It is not a mere upgrade — it is the new departure of a civilizational protocol.