Proof of Usefulness Report

Olympus DAO

Analysis completed on 1/27/2026

+301
Proof of Usefulness Score
Certified Problem Solver

The submission represents 'Olympus DAO', a well-known DeFi protocol, but the quality of the entry is extremely poor. Key fields like revenue and team size are null, and the traction claim ('most people have used my product') is factually incorrect and hyperbolic. While the actual Olympus DAO protocol has significant historical innovation and capital traction (DeFi 2.0, bonding), the evaluation applies a strict Quality Factor (Qi) penalty of 0.5 across all categories due to the lack of verifiable data in the submission and the potential for impersonation. The score reflects the high intrinsic value of the underlying protocol heavily discounted by the low-effort, unverifiable submission.

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Score Breakdown

Real World Utility+75.0
Audience Reach Impact+75.0
Technical Innovation+67.5
Evidence Of Traction+87.5
Market Timing Relevance+20.0
Functional Completeness+2.5
Subtotal+327.5
Usefulness Multiplierx0.92
Final Score+301

Project Details

Project URL
olympusdao.finance
Description
Olympus DAO is a decentralized finance (DeFi) protocol that operates on the Ethereum blockchain, focusing on creating a stable and decentralized reserve currency. The platform is designed to manage and grow a treasury of assets, which backs its native token, OHM. Unlike traditional stablecoins that are pegged to fiat currencies, Olympus DAO aims to maintain stability through a combination of algorithmic mechanisms and a diversified asset treasury. The protocol encourages community participation and governance, allowing token holders to influence the future direction of the project. Olympus DAO is known for its innovative approach to DeFi, including mechanisms like bonding and staking, which incentivize users to contribute to the protocol's growth and stability.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline