Vol. I, No. 1 Monday, August 31, 2026 Olympus DAO — Governance Rights Report
Executable rights. Machine-readable determinations.

Probity Institute

Olympus DAO — Governance Rights Report

Verdict

Olympus DAO

OHM — Governance Rights Report
Tier 1 S1 — Token-Governed Protocol Assessment as of 2026-10-01
GSA-1 near-miss GSA-2 near-miss GSA-3 pass GSA-4 fail GSA-5 near-miss GSA-6 fail GSA-7 fail GSA-8 fail

Why this rating: Governor Bravo on-chain governance (Snapshot olympusdao.eth, 317 proposals) with a shared-multisig treasury custodian role and a multisig vetoGuardian. The Yield Repurchase Facility (YRF) is a V3 smart contract integrated into the Heart contract that automatically pulls weekly protocol yield (USDS savings-vault yield + Cooler loan interest) and burns OHM — a hard, code-enforced revenue-to-token route (mandate OIP-163 'The Framework' + OIP-164). GSA-3 pass rests on the YRF buyback-burn contract; RBS (the earlier automatic buyback mechanism) is currently disabled per docs, and additional open-market buybacks are discretionary (held, not burned) — pass is conditional on the YRF staying live; GSA-1 near-miss: treasury custodian role is shared with a multisig and an Emergency multisig can veto — on-chain governance exists but a multisig gate remains on treasury roles

Where to Vote

Proposal History

No proposal history is available for Olympus DAO in the current scanner window.

Metrics

Curated metric — next quarterly update. On-chain revenue, treasury, and distribution-enforcement reads are not yet wired for this DAO's space in the Institute's state files; the quarterly re-assessment cycle will populate this block.

Structure & History

Structure: S1 — Token-Governed Protocol.

S1-S5 protocol business structure taxonomy, as-of 2026-08-27 (structure taxonomy date); scores as-of 2026-10-01 (first scored 2026-07-23; quarterly recheck #2, cycle 2026-08-31 -> 2026-10-01)

Assessment flags