WHAT IS OHMVAULT ($OHMV)? CORE Vault, 2020: fixed supply, LP locked for good, and the farming paid out of transfer fees instead of new tokens. The floor was ETH. OHMVAULT, 2026: the same model with a better floor asset. OHMV trades in one Uniswap v4 pool against OHM, the Olympus reserve currency, on Ethereum mainnet. The floor under OHMV is OHM. The floor under OHM is the Olympus treasury. OHM already trades against ETH, so you can get into OHMV from anything. No wrapper, no middle token. Why OHM: its price is defended by a treasury, so the floor under OHMV does not move around with the market the way an ETH floor would. THE MECHANICS - 10,000,000 OHMV at launch. Supply can grow, but only two contracts can mint: the Ratchet, while OHM backing per token is above its mark, and the Bond, against OHM that went into the pool. No person can mint. Read the live supply on the Stats tab. - The whole supply plus the OHM seed goes into the pool at launch. No dev bag. The LP position sits in a contract that has no withdraw function. - Every swap pays 5%, in OHM, split like this: 2% goes into the locked pool. That is the floor. 3% goes to the ops wallet. It pays for infra, development, marketing and whatever market activity the team decides on, including buying other tokens and providing liquidity elsewhere. None of it comes back into the protocol. It is the team's income. - BONDING: pay OHM, get OHMV at 20% below market, vesting over 24h. The OHM goes into the locked pool. The pool charges its 5% on the half it swaps, so about 97.5% of what you pay reaches the floor, and that is what your OHMV is minted against. A bond can never lower backing per token. - EMISSIONS: stake OHMV to earn minted OHMV. The Ratchet mints only while OHM backing per token is above its up-only mark, at most 2% of supply per 6h epoch. A big jump in backing is paid out over several epochs instead of one. If the floor did not grow, nothing is minted. - STAKING takes one epoch to start earning. UNSTAKING takes 6 hours: the amount stops earning, then Withdraw sends it back. - ANTI-SNIPE: for the first minute after the pool opens the fee starts at 50% and falls to 5% (t=0 50%, ~12s 34%, 30s 16%, 60s 5%). First-block snipers pay about 50% and it goes to the floor. During that minute no single swap can take more than 10% of the pool. All of this is fixed in the code. - harvest() is public. Anyone can call it. - No dev bag. The founder holds nothing at launch and buys on the open market like anyone else. THE FLOOR Two things hold OHMV up. 1. The LP can never leave. OHMV trades against OHM in one pool with no withdraw function, and 2% of every trade adds more OHM to it. The amount of OHM in the pool only goes up. 2. The mark only goes up. The Ratchet moves it up as backing per token grows and never lowers it. New OHMV is minted only while backing is above it, and live backing is never left below it after a mint. What the mark is not: a redemption button. In a hard sell-off the live backing can sit under it for a while. The mark is the reference that gates emissions; the locked pool is what actually holds price. RISKS OHM is run by the Olympus DAO, which can mint OHM and change its policy. The backing is only as solid as that. The seed cannot be taken back. This is an experiment. Size your position like one.