eOHM is an OHM-style (3,3) reserve for Hyperliquid's L2. Stake to compound every epoch. Bond HYPE or USDC to buy eOHM below market and grow the treasury that backs it. Every bond is a real payment, read off the chain before anything is credited.
OHM proved the model: a treasury that only grows, a token backed by what it holds, and stakers paid in the protocol's own supply. eOHM brings it to the chain where the traders already are.
Stake eOHM, receive seOHM. Every five minutes the index steps up and your seOHM balance grows with it. Unstake any time after the lock; payouts go out from the treasury.
Pay HYPE, WHYPE or USDC to the treasury and receive eOHM at a 5β8% discount, vesting linearly over five days. Claim to your wallet or claim & stake in one click.
Every bond lands in one wallet on Elysium. Its HYPE and USDC balances are read from the chain every 30 seconds and shown live, so backing is a number anyone can check.
If everyone stakes, everyone compounds. If someone bonds, the treasury grows and backing rises for every holder. Selling is the only move that breaks the loop, and the game is built so it pays least.
Prices update with the live HYPE price. Each market pays the treasury directly; nothing moves until your own wallet signs.
| Market | Discount | Bond price | Pays in | Vest | Minimum |
|---|---|---|---|---|---|
| loading⦠| |||||
OHM on Ethereum set the template; uOHM ran it on Robinhood Chain. eOHM runs it on Elysium, where HYPE is gas and the deepest on-chain trader base already lives.
eOHM is an OHM-style reserve protocol on Elysium, the Hyperliquid L2 built by Kinetiq. Holders stake eOHM for seOHM, which grows every epoch as the index rebases. Bonds sell eOHM below market for HYPE, WHYPE or USDC, and every payment goes into the protocol treasury.
It is the game-theory shorthand from OlympusDAO. If two players both stake, both earn (+3, +3). If one sells, the seller gains less and the stayer is hurt. The protocol pays the most to the people who stay staked, and bonds route new capital into the treasury instead of onto the market.
Pick a market (HYPE, WHYPE or USDC), enter an amount and sign the payment in your wallet. It goes straight to the treasury on Elysium. The eOHM server reads the transaction receipt from the Elysium RPC, checks that it came from your wallet, went to the treasury and succeeded, then credits the amount that actually arrived. Each transaction can be credited once. Your eOHM vests linearly over 5 days.
Bond price = eOHM market price Γ (1 β discount). The USD value of a HYPE or WHYPE bond uses the live HYPE mid price from Hyperliquid, refreshed every 30 seconds. USDC is valued at $1.
Staking accepts eOHM, so it opens the moment the $eOHM token launches on Elysium. Until then, bond to get eOHM below market. When it vests you can claim & stake in one step.
From emissions. Each epoch the index increases and every seOHM balance grows by the same rate. It is paid in eOHM, so its dollar value depends on the eOHM price and on the treasury that backs it. The app shows the current rate, the next rebase and the runway at current emissions.
The treasury is a single wallet on Elysium, 0x3DFabE8f7c388B35b7A9358AD69785879B9c6D80. Its key is held offline by the operator and never touches the server. Bond payments and staked eOHM sit there, and its HYPE and USDC balances are read live and shown on the dashboard.
Unstaking (after the lock) and claiming vested eOHM to your wallet both join the payout queue, and the treasury sends the tokens on Elysium. Claim & stake skips the queue and moves vested eOHM straight into seOHM.
Any EVM wallet such as MetaMask or Rabby. The app adds Elysium for you (chain ID 99901, RPC rpc.elysium.kinetiq.xyz, gas in HYPE). You need a little HYPE for gas, bridged from Hyperliquid through Kinetiq.
eOHM's price can fall. APY is an emission rate, not a guaranteed return. The treasury is held in one wallet, rebases and vesting run in the eOHM ledger rather than a contract, and payouts are sent by the operator. Only bond or stake what you are prepared to lose.
The reserve currency of Hyperliquid's L2 starts with the first bond.
eOHM