Governance OHM is a pivotal component within the OlympusDAO ecosystem, primarily designed for on-chain governance within the DAO. It's important to note that this token was introduced during the v2 migration at the end of 2021 and was not part of the initial (v1) ecosystem. In this transition, gOHM replaced wsOHM and assumed the functionalities previously associated with wOHM.

For more information regarding governance OHM, make sure to read our full in-depth analysis of the gOHM token!

The gOHM (or $GOHM) abbreviation stands for "governance OHM." It is the staked version of OlympusDAO’s native currency: $OHM.

No, governance OHM doesn’t have a capped supply. However, the token can’t be minted out of thin air. Instead, it is created in exchange for staking $OHM.

Like all crypto assets, the gOHM cryptocurrency is rather volatile. Thus, the price of governance OHM can change over time a lot. As such, it's best to always look at the asset's current price chart to see what price levels the token is currently trading at. With that in mind, jump over to the “Price Chart” section above for the current governance OHM price.

If you believe in OlympusDAO, buying and staking the Olympus gOHM coin may be worth considering. For example, you can get a bag of gOHM, which you can then also trade. Of course, you can also trade OHM directly.

The Olympus crypto project and its tokens are going through crypto market cycles. Since its assets launched at the beginning of a bear market, the prices of OHM and gOHM have decreased significantly.

However, when asking what happened to Olympus crypto, many refer to what happened after the v2 migration. So, if that's what you are also wondering, we can inform you that OHM v1 migrated to OHM v2, sOHM v1 migrated to sOHM v2, and gOHM replaced wsOHM.