OHM/DAI cup and handle

2021年7月17日

Unique project that is in the growth phase trying to become a stable coin backed by assets from a treasury. You can buy bonds from the protocol by selling DAI, FRAX, and LP in return for OHM tokens at a lower price. As of now it has a 250mil MC roughly and you can earn 15.6k APY just by simply staking the tokens at app.olympusdao.finance/ using the metamask wallet. By doing so, you secure the protocol, and the more OHM supply staked, the less on the market to sell. Basically as long as the OHM price is stable or increasing you exponentially increase your gains by staking, and can still make money in a downtrend if the APY is high enough. I like to think of this project as an attempt at creating a decentralized algorithmic Federal Reserve. Cheers! Not financial advice, just an observation with info about the project.