Cooler Loans is Olympus DAO's native lending product. Borrowers deposit gOHM as collateral and borrow USDS directly from the Olympus Treasury at a fixed 0.5% APR with no price-triggered liquidations.
Borrow USDS from the Olympus Treasury at the backing price — no price oracle, no market liquidations.
Each gOHM unlocks a fixed amount of USDS at the governance-set backing price (≈ $2,991 / gOHM as of May 2026).
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OHM holders who want stablecoin liquidity without selling their gOHM face two unattractive options: sell (taxable, surrender voting power) or borrow from generic money markets (variable rates, price-oracle liquidation risk, no gOHM collateral support).
Cooler offers fixed 0.5% APR loans backed directly by the Olympus Treasury, against gOHM collateral, with no price oracle and no liquidations from market volatility — only governance-drip LTV adjustments.
The only perpetual, oracle-less, fixed-rate, treasury-funded lender in DeFi. Borrowers keep their gOHM voting power via DLGTE delegation while accessing USDS liquidity.
Cooler Loans is a Lending protocol operating on Ethereum. Cooler Loans is Olympus DAO's native lending product. Borrowers deposit gOHM as collateral and borrow USDS directly from the Olympus Treasury at a fixed 0.5% APR with no price-triggered liquidations.
DeFi Sentinel rates Cooler Loans AA with a safety score of 86/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Cooler Loans has 6 audits on record. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
Cooler Loans has a DeFi Sentinel safety score of 86/100 (rating AA), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Cooler Loans is deployed on Ethereum.
Yes. Cooler Loans has 6 audit reports on record from firms including Sherlock, HickupHH3 (LoanConsolidator), Electisec (Cooler V2). Audit reports and dates are linked under the Resources tab on this page.
