⛓️Bonds

Olympus opted for bonds. OHM often traded at a premium above its real value due to the demand for the APY. Bonds allowed direct OHM purchases from the protocol with the premium acting as a profit for the treasury, which was distributed as yield to stakers. However, to incentivize bonding over market purchases, bond discounts were introduced. Now you could purchase bonds at a discount and sell them on the market.

This would cause the price to crash as bonds could always be bought for cheaper and sold on the open market, therefore, a locking period was implemented.