$LOBI is the token of Lobis, which is a fork of the Olympus platform-based OHM cryptocurrency. According to the gitbook, Lobis is aimed to be specialized to ensure Olympus can participate in DeFi governance. Lobis may be viewed as the governing entity of the OHM currency.

Moreover, Lobis seeks to create an inclusive community by enabling more voices to speak. Every member of the ecosystem can seek to find policies based on their values and goals. By including more like-minded people, the community would also aim to increase utility. The different protocols and governance modes of Lobis seek to ensure that the token $LOBI is backed up.

As Lobis is based upon the Olympus platform, $LOBI can also back the OHM token. Therefore, the Olympus treasury can seek to further benefit and become a governing part of the DeFi ecosystem. Thus, Lobis becomes almost identical to Olympus with shared goals and ethos. Lobis also attempts to make the OHM currency the central exchange medium in the DeFi ecosystem.

Staking is to serve as the central method for Lobis. The $LOBI token can be staked to avail of $LOBI, which is transferable. In this way, Lobis aims to become composable with other DeFi protocols. On the other hand, mining or minting is the short-term strategy of Lobis, which aims to help to raise liquidity.

Lobis and Olympus are integrated to seek to create the ideal ecosystem for decentralized systems. Furthermore, Lobis seeks to create a policy-oriented governance system. The $LOBI token can be controlled by the decentralized autonomous organization (DAO) in this system.

To add further, Lobis aims to promote decentralized finances to be included extensively in daily lives. To do this, Lobis seeks to enforce the various protocols and pillars of DeFi. The entire ecosystem would seek to benefit from Lobis. The decentralized governing method also aims to give anyone the ability to control the flow of $LOBI. Lobis aims to disrupt the existing monopolistic exchange methods.

We update our Lobis to USD currency in real-time. Get the live price of Lobis on Coinbase.