❓ FAQ

Frequently asked questions about using Olympus.

🧭 Access & Setup

❓ Who can use Olympus?

Olympus access is limited to SOL Decoder NFT holders and monthly subscribers (via Blinkord or Whop) with the correct Discord role assigned.

❓ How do I log in?

You log in using Discord authentication via Privy. The system checks if your Discord account has the Olympus User role — if not, you'll see an access denied or waitlist page.

❓ What network does Olympus use?

Olympus operates on Polygon, so your wallet must hold USDC (Polygon) for trading and POL for gas fees.

❓ Can I use my own wallet instead of the burner?

No.

Polymarket uses a proxy wallet system, which means even if you connect your own wallet (like MetaMask or Rabby), Polymarket generates a separate trading address behind the scenes.

Because of that, Olympus must use its own automatically created burner wallet for trading.

❓ If I export my burner wallet's private key, can I import it directly into Polymarket?

Also no.

Even if you import that private key, Polymarket will still create a new proxy wallet instead of using the same one.

So it won't give you access to your Olympus trading wallet inside Polymarket.

💰 Fees & Subscriptions

❓ What are the fees?

Olympus charges a 0.70% starting fee on the notional value of each trade you copy. Discounts can reduce this fee based on NFTs you hold or through a subscription.

Discount tiers:

Subscription (Whop/Blinkord):

• 40% off (Applies even if you don't have NFTs)

💡 Discount rates will be increased across the board very soon! Some tiers will unlock up to 90% off. NFT holders and subscribers will both benefit from these improved rates.

Fees are automatically adjusted based on your verified Discord role and linked wallet via Matrica.

❓ What are Promotional Market discounts?

Markets containing certain keywords receive an additional 50% discount that stacks with your existing role-based discounts. This promotional discount is applied automatically.

Current promotional keywords:

• "Elon Musk"
• "up or down"

For example, if you have a 25% NFT discount and trade a market containing "Elon Musk", your effective fee would be: 0.70% × (1 - 0.25) × (1 - 0.50) = 0.26%

❓ What is the Extreme Price discount?

When copying buy trades at very low prices (≤3 cents) or very high prices (≥97 cents), the base fee uses a sliding scale that reduces further as prices approach the extremes:

The fee follows a Gaussian-style curve (Price × (1 - Price)), meaning fees collapse toward zero at the most extreme prices. This incentivizes taking high-conviction positions.

Important notes:

• The discount is determined by the initial buy price only — if your first copy buy was at an extreme price, you keep the discount for sells and redemptions
• Adding to the position later at different prices doesn't change the discount eligibility
• Your role-based discounts still apply on top of the reduced base fee
• Promotional market discounts also stack with this

❓ How do I check my current fee tier?

You can check your tier by clicking your username in the top right corner and then clicking Trading Fee.

⚙️ Following & Copying

❓ How many wallets can I follow at once?

You can add an unlimited number of wallets to your Olympus dashboard, but you can only actively copy up to 7 wallets at a time.

This limit helps keep trade execution stable and prevents overload while copying multiple leader wallets simultaneously. Higher limits will be unlocked in future updates!

❓ What happens when I disable or unfollow a wallet?

If you disable a wallet: Olympus pauses copying new trades from it — but any existing positions stay open until you either close them manually, re-enable the wallet, or the markets resolve naturally.

If you unfollow (remove) a wallet: All positions linked to that wallet are automatically closed.

❓ What do "Followed Wallets" and "Active Wallets" mean?

• Followed Wallets = all wallets you've added.
• Active Wallets = only those currently enabled for copying.

🪙 Wallet & Trading Behavior

❓ Is my wallet custodial?

No — Olympus is completely non-custodial.

Your wallet, your funds, your control.

Olympus never has access to your private keys or funds. All transactions are executed directly from your own trading wallet through Privy, a secure and industry-leading wallet management provider that handles authentication and security on your behalf.

❓ Are trades executed on-chain or off-chain?

All Olympus trades are executed on-chain via your trading wallet — Olympus never takes custody of funds.

❓ How do I withdraw my balance?

Withdrawals are currently manual. You can transfer USDC and POL from your trading wallet to any Polygon address using standard tools.

🔜 In the near future we will enable withdrawals straight from the dashboard.

❓ What if a trade fails?

Failed trades are automatically retried 3 times for 90 seconds. If it still fails (e.g., market closed), it's skipped and marked in your activity log.

❓ Why does my dashboard show 0 trades?

Your followed wallet may not have traded yet — or your filters are too restrictive. Try adjusting your minimum odds, liquidity, or trade limits.

⚠️ Risk & Profitability

❓ Can I lose money using Olympus?

Yes. Copy trading carries the same risks as direct Polymarket trading. Always use trade caps, ratios, and stop-loss settings.

❓ Is Olympus guaranteed to be profitable?

No. Performance depends entirely on the wallets you follow and market conditions.

❓ How do I manage risk?

Prediction markets carry real financial risk. Without proper controls, you could lose your entire balance in just one bad trade. See our Risk Management section for more information.

👉 Olympus helps by offering tools like ratio settings, max trade caps, and exposure filters — but ultimately, it's on you to use them wisely.

💡 Other

❓ What if I lose my Discord access?

As long as you control your wallet keys, your funds remain safe. Contact Olympus support in Discord for role restoration.

❓ Why farm it?

By following consistently profitable traders, you can potentially receive daily or weekly payouts from winning bets.

Profitable leader → copied trades → realized gains flow into your wallet.

Olympus automates the process so you don't have to monitor every market.

Farming is essentially leveraging other traders' skill while you reap the rewards.

❓ Will there be a token?

YES!

Polymarket CMO Matthew Modabber has confirmed $POLY token and airdrop!