Algorithmic Stablecoin Protocol Olympus to be Upgraded to V3 and Rebranded as Bophades

Algorithmic Stablecoin Protocol Olympus V3, aka codename Bophades, is finally going into Code Arena audit this week. It is the first iteration of automated utilization of the treasury to support the OHM exchange rate. There are a few major pieces to this release: the core registry (Kernel), treasury, minter, governor, and finally, the range-bound stability (RBS) system. The core of the protocol is built around the Default framework. It is a modular and opinionated n-tier architecture for protocols, prioritizing simplicity, 1-way data flows and extensibility via auditable onchain mechanisms.