Reddit Posts
OHM from Olympus Dao is never coming back. Or is it?
StakeGoblin What is it and how can you be apart of a massive moonshot opportunity.
What is a DAO? And some of the best examples of DAO's in the crypto space.
Does anyone use Olympus DAO? If so, is it recommended?
Olympus DAO Hacked for 30,000 OHM Worth $300,000, Perpetrator Returns Funds Within Hours - The Daily Hodl
SatoshiSwap Friday Update - 7th October 2022
Deflationary tokens are gonna be the next hype train in crypto
Everyone here has no idea how lucky they are for missing out on Web 3.0 and DeFi.
Rebase Token Carnage: OHM, TIME, KLIMA Down More Than 98% From All-Time Highs – Defi Bitcoin News
Rebase Token Carnage: OHM, TIME, KLIMA Down More Than 98% From All-Time Highs
Farmacy Finance - The world’s first Ohm-Tomb fork on the BSC
Farmacy Finance- The world’s first Ohm-Tomb fork on the BSC
Its a good bet to think that TIME will follow OHM price fluctuation logic in the future. OHM price details: ~$280 at start, ~$1400 peak in April, drop to ~$160 to ~$300 levels from late May to mid September, new peak ~$1250 in October, new bottom in ~$30 now (TIME/MEMO/wMEMO had only 1 peak so far)
There is only a btc market because of exchanges
$TRAFU | Trading Fund |Launching at 9 March | 18:00 UTC | Uniswap
Are there any downsides of (staking) OHM?
How disappointed/rekt would you be if every cryptocurrency available today never sees global adoption?
PanStake| $6k in the treasure already| Launched yesterday | DOXXED | LOW MC
$OHM and $TIME tried it, but $MONSTA by defi labs have made it! Anybody here also thinks that $ 1 Billion MC is programmed? 🧠💎
PanStake | Launching today on PancakeSwap 4 PM UTC | Community built treasury staked on PancakeSwap for continuous growth, burns, and profits distributions | Hyper-deflationary by design | Contract audited by Techrate | Infinite marketing plans | Team KYC on GloryDox | Huge 100x potential
bonbon.finance - OHM’s fork purposely launching during the DAOPOCALYPSE | Intrinsic value able to withstand anything
PanStake | Presale today on PinkSale | Community built treasury staked on PancakeSwap for continuous growth, burns, and profits distributions | Hyper-deflationary by design | Techrate contract audit done | Infinite marketing plans | Team KYC on GloryDox | Could be your next 100x DeFi gem
Strudel DAO: Orkan Economic Policy Proposal
Evolution DeFi: The new cross-chain dumbest prototype
PanStake 💜 Presale coming in 5 days | Crowd staking on PancakeSwap to build a sustainable passive income for investors and project 🔥 Hyper-deflationary by design | Techrate contract audit almost done | Infinite marketing plans | Team KYC on GloryDox soon | Could be your next 100x DeFi gem
The Metaverse is already here. Its just on a slightly smaller scale at the moment.
PanStake 💜 Presale coming in 7 days on PinkSale | Brilliant project idea aiming to provide continuous long terms passive income for investors and endless growth for the project 🔥 Hyper-deflationary by design | Techrate contract audit pending | Infinite marketing plans | Team KYC on GloryDox
Nemesis DAO | Certik Audit & KYC Passed ✅ | Roadmap 2022 is Announced 📢 | Listed on CMC and CoinGecko | 💎 10k+ Holders | 🚀 Huge Marketing Campaign Launching in February 2022 | 🎥 25+ YouTube influencers on board | 25k members on Discord | 10k+ Holders | Stake NMS now
Nemesis DAO | Certik Audit & KYC Passed ✅ | Roadmap 2022 is Announced 📢 | Listed on CMC and CoinGecko | 💎 10k+ Holders | 🚀 Huge Marketing Campaign Launching in February 2022 | 🎥 25+ YouTube influencers on board | 25k members on Discord | 10k+ Holders | Stake NMS now
Kandyland DAO (🍬,🍬) - KYC'd Founder - Audited - 100x to 500x Potential - Stake, Bond, Earn - Massive Marketing Planned - Not Another Mythology Themed DAO
PanStake 💜 Presale coming in 10 days | Brilliant project idea aiming to provide continuous long terms passive income for investors and endless growth for the project 🔥 Hyper-deflationary by design 🔥 | Safe contract with built-in auto-staking | Infinite marketing plans🔥
Wonderland Time - A Smart Scam disguised as a "Failed Project" (Timeline)
PanStake 💜 Presale coming in 10 days | Brilliant project idea aiming to provide continuous long terms passive income for investors and endless growth for the project 🔥 Hyper-deflationary by design | Safe contract with built-in auto-staking | Infinite marketing plans | Audit coming before launch
Thoughts on defi governance and its use of smart contracts
How to avoid unnecessary high transaction fees with cryptocurrencies?
How to avoid unnecessary transaction fees with cryptocurrencies?
Don’t let your Bitcoin sit idle in a wallet, farm it instead in BSC for high yields
Have people always been this irrational investing?
Crypto needs to introspect. The entire space has been usurped by greed, ponzi farms, gamblers, NFT grifters, scammers.. In the eye of a normal person, all of these bring zero legitimacy to the space. A long bear market is good for weeding out all this nonsense
STAX PROTOCOL - 🌟 Fair Launching 🔥 💎 Gem - Utility Token First ever staking DAO utility token to compete with OHM & CURVE
OlympusDAO's OHM Prices Tumble Amid Wake of Whale's Exit: The Public Ledger
OHM Prices Tumble Amid Wake of Whale's Exit: The Public Ledger
Nacho Finance • Next Big Thing on Poly • Daily APRs on ETH and MATIC • Most Promising Roadmap in DeFi • Not just another Tomb fork •
OHM, Wonderland (TIME).. all these (3,3) ponzies are imploding right now and a lot of people have lost all their investments and savings.
OHM (OlympusDAO token) Stabilizes Amid Wake of Whale's Exit: The Public Ledger
Nacho Finance • Next Big Thing on Poly • Daily APRs on ETH and MATIC • Most Promising Roadmap in DeFi • Not just another Tomb fork •
There ain’t no such thing as a free lunch
Daily up to 10% APR 💎 Nacho Finance 💎 TOMB fork on POLY 🚀 Listed now on CoinGecko ✖️Don't miss NACHO, if you missed TOMB!
Daily up to 10% APR 💎 Nacho Finance 💎 TOMB fork on POLY 🚀 Listed now on CoinGecko ✖️Don't miss NACHO, if you missed TOMB!
DeFi 2.0: Expectations vs Reality - Hard truths that we probably don't want to hear but really should
BabylonDAO ⏳ 144.000% APY staking ⌛️Solana based OHM Protocol ⏳Super early & extreme upside potential ⌛️5/7 Serum Multisig Security
I somehow made money over the past 2 months in DeFi, and some lessons I've learnt
👑 Meta Land Yield $MLY Defi3.0 Just Launched! 👑
🧀 Nacho Finance 🧀 Daily APRs on ETH 🚀 Low fees on Poly 💜 Pegged to ETH 🚀 Listed on CoinMarketCap & CoinGecko 👾 You missed TOMB? Don't miss Nacho 🚀 Get in early
🧀 Nacho Finance 🧀 Daily APRs on ETH 🚀 Low fees on Poly 💜 Pegged to ETH 🚀 Listed on CoinMarketCap & CoinGecko 👾 You missed TOMB? Don't miss Nacho 🚀 Get in early
VESQ ($VSQ) - Decentralized Reserve Currency Protocol on Polygon | Strong Partnerships | Expert Level Strategy | Not a Typical OHM Fork (Approved of and Recognized by OHM Itself!)
⚔️ Templar Knights ⚔️ The day has come!🔥We have integrated a new 💎“Treasury-Reverse protocol” 💎
Boundless - BSC project is close to launch! Whitelisting process is active, growing and active community! Join us and let's lead the DeFI 2.0 space together!
Boundless - BSC project is close to launch! Whitelisting process is active, growing and active community! Join us and let's lead the DeFI 2.0 space together!
Boundless - BSC project is close to launch! Whitelisting process is active, growing and active community! Join us and let's lead the DeFI 2.0 space together!
FriesDAO... own part of a fast food franchise!
The new DAO are the new black. They are rising quicker than DEXs. This includes OHM, Wonderland, and Galaxy Goggle
Random Email turned Reddit post 😅 Revised with paragraphs. Sorry 🤦♂️
Random email turned Reddit post? 😅
Lava Financial - The First Hybrid Node-As-A-Service Launching on Avax 🌋
2021 was a huge year for L1s. What are your thoughts for 2022?
Little Over $11K was Stolen form my staked Rome, time and Ohm
Avax network meme DAO. First Pepe token 👏 PepeDAO is live with insane staking APY!
PepeDAO launched 🥳 Huge staking apy (200% ROI 5-day rate). Avalanche network meme DAO with celebrities onboard.
Does anyone have any high APY farming projects that they would recommend?
It's time for first ever meme DAO. Introducing PepeDAO on Avalanche Network. Stake your Pepe tokens and get millions of APY.
First meme DAO ever to exist. PepeDAO live on Avax network with enormous staking APY.
MAMA DAO - OHM fork on Polygon with small market cap and huge upside. High risk degen play. Not FA. DYOR. (Website: mamadao.co)
PepeDAO - OHM fork Avalanche network. Staking and minting huge APY, celebrities onboard.
Solar Dao ☀️ Fair-Launch Today 🚀 6pm UTC 👊 New 100X Gem 💎
How Olympus DAO and Wonderland TIME are bleeding their investors
There was a bit of an OHM fork apocalypse over the past week
SierraDAO | Launching December 28th | Presale 26th and AMA 🗻
SierraDAO | Launching December 28th | Discord already at 16k members!
Dionys DAO | Highest APYs | +$100K Giveaway 🎁 | Stake and Earn | Multi SIG 🔒
What’s your opinion about DeFi 2.0 projects like OHM and TIME. Personally I cannot fully understand the meaning behind them nor can I understand how they provide value to the world. I find more common with a Ponzi scheme. However, would be great to hear other points of view.
Which one was the second EVM-based blockchain?
🧠 $ABC - Alpha Brain Capital | Decentralized Fund | Listed on CMC & CG | Web 3 dashboard launching today | Partnerships with VCs and CEX listings on roadmap
🐶 $3DOG | The Future of Meme Tokens |💰 3,3 Bond Stake Win | OHM Fork | 🚀 Low Mcap Great Entry Point | Massive Marketing & Outreach to Meme Dog Coins
Boundless DAO 🚀 | IDO Listing | OHM Fork with utility | Decentralized Company
Some Under the Radar Projects to Watch as we Continue into 2022 Alt Season
🐶 $3DOG |💰 3,3 Bond Stake Win | OHM Fork | 🚀 Low Mcap Great Entry Point
Other than ETH, SOL and AVAX seem to be holding up pretty well in the current dip
Resume of the year: people got rekt on PnD, then Dogs craziness, later on NFTs, now on (3, 3) models.
Mentions
I don’t know about OHM, but ICP staying dead ☠️
No bro I don’t think so.. it’s a shame because I think the concept had potential but at the end of the day, it minted tons of coins so OHM ended up devaluating (besides other stuff that happened).
If OHM makes the comeback, it would be a surprise to be sure, but a welcome one
Wtf is OHM? never heard of it
Fully agree. Two examples from my side: I bought SPA (Spartacus Finance) because it was a OHM/Wonderland fork in the time they were booming. I lost half of my money and sold it without looking back. On the other hand, I was buying ETH in the $100-300 range and sold it in the $3k-4k range. Not everything is a long-term hold. Currently, I'm accumulating a **lot** of Bitcoin and a bit of ETH, RUNE, and ATOM.
What will come back: DEX and CEX tokens. We don't like it, but as long as there is a bull market and a lot of transactions, BNB won't lose its value. Same goes for CAKE and SUSHI, once altcoins started mooning they will moon again too. What's totally dead: Rebase tokens. They were super hyped when Olympus OHM launched, and now most of them are sitting at -99%.
Since 2016, I've done pretty well but could have done a lot better if I didn't make a few mistakes along the way. I got SUPER lucky with airdrops and got them for dydx, uniswap, mirror, 1inch, shapeshift, nrg, acx, optimism and just got my zigzag airdrop today. I can't even remember them all just by memory, and a conservative estimate is close to 50k$ in airdrops. I bought Kadena at .20 and sold around 20$, buying chainlink since it was under a dollar, and I made around 20k of OHM rebase token. I sold most of my crypto in 2021 and felt like a genius for that but I also made many bad bets. Gincoin masternode was a big loss around 5k and I chased a few terrible airdrops like unilayer and bought tokens at 4$ and staked them and watched it drop to pennies, sent my entire FOX airdrop to the wrong address. Fat fingered a few bad trades because I was still very new at trading. A bunch of shitcoins like substratum, neo, betx , krl and other failed projects I lost more on. Overall, I am still up a lot and dollar cost averaging my favorite projects and still hunting for airdrops. I don't buy alts unless I really like the project now.
spend over $250 worth of eth gas fees to buy OHM, stake and wrap to WSOHM. I later found that WSOHM was on avalanche and it would have cost me <$2
No. It will either just cover the price dump. Or the price will go to 0. Many people lost much money on OHM, Wonderland, Spartacus, and all those juicy yielding forks.
We have decent forex markets already. Fixedforex for one by keep3r, so fuck the dollar if need be. Then we also have things like Meterg that uses electricity as stable. OHM which has a long way to go but has the goal of becoming a stablecoin for crypto.
I was naive and stupid and paid over $200 worth of eth in fees to buy into OHM on ethereum back in 2021 They were just mining rewards so I didn't feel so bad about it, but it was a lot. every step was fees Transfer from my exchange to wallet? Fees Approve transaction to swap? fees actually do the swap? fees wrap into Wrapped OHM? fees to approve and fees again to wrap. I later found that the wrapped token was on avalanche. Worth the same amount but would have been <$5 in fees
In Nov. 21, probably "Go all-in on OHM forks and HEX"
Time and Jade, those stupid OHM forks
OHM has almost $250 million in their reserves while the MCAP is $220M. I don't own any but am wondering if I'm sleeping on a future Goliath. They're providing a ton of liquidity with it too so it can grow a shit ton.
LRC OHM Klima ETH (bought at £2k AVG).
Mate, you know what "real" yield is? If lunc is hiiiiighly undervalued and gas fees make a looot of money, high real yield can be true. But there is no where in this world we're this is true.. High fees and earnings = higher valuation of the token = smaller yield. It is an absolute market, just like real market. You need to understand this to be long term profitable.. High APY have a catch... Do you remember OHM and the likes? When you only look for yield without brain... You will lose in the end :)
- Any doggy/meme coin during the spring of 2021. There were several that went 100x or even 1000x that were all mocked. - Heavily shilling LRC at the most obvious top (I know some of you shills are still holding). Same with ALGO and a lot of the subs darling coins. - Bagholding forgotten alts of prior cycles that never returned to ATHs in dollar terms, let alone BTC (EOS, NANO, XRP etc). - "CRO is the next BNB" - half of the sub at 60 cents. Mostly though it seems the sub did a lot **right** too by avoiding or being distrusting of the major collapses this year. Wonderland and other OHM forks were recognized as ponzis by most people, as was LUNA. Not too many people seemed to have held funds on FTX and while some people got burned by Celsius, most people used that as a warning sign to get their funds out of CEFI.
Likely Reserve Banks will fall back on a gold backed currency, bitcoin will likely gain some popularity during the process For crypto, there is OHM which is Olypus DAO's solution (reserve assets based on a basket of crypto assets)
OHM - but they're trying. Lol.
tldr; OlympusDAO, a decentralized reserve currency protocol launched in May last year, was the target of a cyber attack that led to the siphoning of 30,000 OHM *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Buying OHM at the end of last year…
tldr; OlympusDAO lost $300,000 to a hacker who exploited its OHM bonds but later returned all of the stolen funds to the DAO's treasury. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Tldr; The hacker who exploited an Olympus DAO (OHM) smart contract for $300,000 worth of assets is already returning the stolen funds. According to blockchain security analytics firm PeckShield, an error in one of Olympus DAO’s smart contract bonds resulted in a $292,000 exploit earlier today. “It seems the related OlympusDAO’s BondFixedExpiryTeller contract has a redeem() function that does not properly validate the input, resulting in ~$292,000 loss.” Saved you a click!
tldr; An apparent white hat hack saw OHM tokens drained and then returned to the Olympus DAO just hours later. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The hacker who exploited an Olympus DAO (OHM) smart contract for $300,000 worth of assets is already returning the stolen funds. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Peckshield revealed that a hacker exploited 30,437 OHM tokens (worth roughly $300,000) from an Olympus DAO's smart contract *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
On the bright side, if they had drained the same amount of OHM earlier in the year it would have been like a $100 million.
***In the official Discord, the Olympus team acknowledged the exploit and said: "This morning, an exploit occurred through which the attacker was able to withdraw roughly 30K OHM ($300K) from the OHM bond contract.” The team said the rest of $217 million staked on Olympus DAO was safe and that it planned to compensate users hurt by today's incident.*** Things could have been a lot worse, someone really needs to audit these contracts!
tldr; A hacker drained 30,437 OHM tokens ($300,000) from Olympus DAO's bond contract on Ethereum. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I bought OHM at over $500. It’s now sitting at around $12
I wish I could say it was a handful but the number of these... what I can remember now: LUNA (was huge on it, couldn't even sell since it was staked), a huge number of BSC shitcoins like Titano, Jade, Fino, safemoon (yes I was really that dumb then), etc., rebase tokens like TIME and KLIMA (stayed away from OHM cause of gas fees, I'm so glad I didn't lose even more money), etc. There are several coins too, that haven't gone down 90%, but quite a lot- XRP, XLM, ALGO, WAX etc. Even diversifying didn't help in this market.
Top 3: Storing my BTC in Mt Gox. Turning down a free Bored Ape. 50k split into $TIME & $OHM near the top. 🙃
I invested 2k into Klima and OHM late last year before they both plummeted. my Klima is worth $65 but I dumped my OHM for about $200
You too? I got wrecked by DAOs. I was deciding between the new memecoin SHIB, or TIME and OHM. My time and ohm are worth pennies, the amount of Shib I'd have got would be worth hundreds of millions.
I’ve only been in for a little over a year, but I’m pretty numb. After I I watched my OHM drop to $12 after staking in at $800 nothing is phasing me now. Now I just hold and wait and buy more when I think it’s at months low whenever I can afford to drop more in.
I would literally be a billionaire if i did less research. Everything i read pointed to TIME and OHM at the time being great investments and SHIB being a worthless shitcoin.
Would have bought $8000 worth of Shib instead of TIME and OHM
Only god if you bought good things. I stayed in OHM. That did not go well.
Your next step should be taking part in DeFi. Don't just sit on your assets. DeFi lets you be the bank and reap rewards on assets just as they do. Staking some ETH in Lido? Why not earn yield on a ETH/sETH pool on Curve? There are lots of relatively safe options with reasonable yields out there. As long as you stay diverse and don't go chasing OHM forks, you can get returns on your assets while waiting for them to appreciate with minimum risk.
I bought 4 ETH at like $110 and sold when it reached $160. I thought I was a genius. And not selling some OHM when it was at $1400
Don't bet on greed. I put all my money into an OHM fork. Never again.
I am making the assumption that despite the current move up we are still in a bear market and very likely to dump at some point soon when jobs drop, recession finally hits. But hey, lets makes some money while the sun shines. Just watching market looking for some quick gains but very limited exposure. My main thing is DCA Stake BTC, ETH and l2s I am just not convinced anything OHM or rebase is worth getting into anymore although Titano seems to be working hard. Game, metaverse I really want to get into but there is shakeout happening and its going to get worse, dont know whats going to remain standing, not to mention that there could be a something newer and better coming down the pipe. The bottom is not in and many will never bounce bck.
I put a lot of money in OHM and lost way too much.
I lost all my money in an OHM fork... Pump and dump indeed
you think that's bad? I invested in Terra/Luna/UST, OHM, WAGMI, Celsius, Cake, Wondrland, EUPHORIA, Harmony, Viperswap, Voyager, magic internet money...and pancakebunny Still livin life ;)
They lost all their customers holdings buying OHM and stETH at the top
I tend to stay away from nascent DeFi projects until they've been battletested for a bit, but in general I trust the trustless environments far more than a centralized entity if I'm looking for yield beyond staking and holding. And of course, not all DeFi projects are the same. Don't go chasing OHM forks, people.
. OHM and KLIMA was an expensive lesson in crypto. If it's too good to be true....
WAGMI with the ViperSwap team - all the OHM forks suck
Its been done, I threw a few bucks for fun into this coin called RUG (R U Generous), which was obviously a rug pull. Was one of those OHM/TIME copycats.
My OHM is doing better, and I had mentally written that off as a total loss.
Of course, the blockchain is still up and running. This post is filled with misinformation, this guy really said Harmony works like an OHM fork lol
Haha. What I'm trying to compare is that Harmony sub was used a place for shilling WAGMI, which is an OHM fork. And by the way, don't take my words for it. Go look for yourself prices of TRANQ, FIRA, JEWEL, ROY, WAGMI. They are escaping now. Try to educate yourself buddy.
This guy really compared ONE, a full on layer one blockchain with an OHM fork and got upvoted. This sub keeps impressing me with how dumb some people can be lmao
Correct!! I needed to learn this the hard way. I lost quite a bit in Defi. Anchor/UST/Luna, ROI Dapps, Time wonderland, OHM, pancakeswap ROI, bnb miners, farms. Very difficult to win with Defi. Drip Network has been a winner though! If I had just stuck to crypto l, I’d be way up. Sucks but have a much better game plan moving forward.
you're thinking of TIME/wonderland which was an OHM fork - same dev team basically though
DCA'ing would not have worked for Enron, because Enron (like TerraUST and BitConnect) was a ponzi. If one DCA'd into a project with underlying sketchy fundamentals (WAGMI, OHM, i'm talking to you), It's the same thing. It's the reason i'm not holding bags of USDT .. It's simple to spot these things - you just need to ask a fundamental question about where the underlying value is coming from/how is it's wealth generated. If you cannot answer these questions then - a fool and his money are easily departed. A serious investor knows when something is too good to be true. But unfortunately some people are still DCAing into shit right now as we speak (Hello LunaC)
Sounds like all the OHM bros
Rebase tokens are a total scam and sketchy as heck. Stay away. I lost money with KLIMA and OHM. All rebase projects are ran by sus anonymous members and just bs honestly. Worst investment of 2021 for sure and still in 2022. Stay far away.
>Wonderland is one of the most popular and most successful Olympus DAO forks. It was the first decentralized reserve currency protocol available on Avalanche. Each unit of TIME is backed by different reserve assets like Magic Internet Money and liquidity tokens. **This mechanism, which was copied from OHM, ensures that TIME has an intrinsic value it cannot fall below.** The mechanism didn't seem to work.
I always thought losing money with BTC and ETH was boring, so I made sure to invest in Luna and OHM forks.
Hear me out. Rebase tokens simply aren't it nor belong in the crypto space w their undoxxed and anonymous owners. I'm right there with you with losses but with KLIMA. Plenty of better things to invest in besides wild rebase tokens that are barely even a year old. Simply quit chasing your losses or future potential earnings and quit OHM altogether. Simply just leave your balance and hope you can check it maybe in many years to recoop your losses. Rebase tokens arent it as the community is rife with scammers and sketchy people (Snowbank and TIME). All the high staking APR and bonding APR is simply a scheme to keep you holding and in the project.
Doge will survive fore sure. Coins that survived 2018-2019 will survive. So XRP survives too. But most meme coins will die (except SHIB and maybe FLOKI). For top market cap coins - probably some L1s that compete with ETH are at risk. Luna already dead and others might join. For medium market cap coins probably some of the governance tokens that are pretty much useless. Some dev will also call it quit in the bear market so if project relies one dev it's risky. DeFi projects with revenue streams (e.g., Curve, CVX) or big treasury and competent big teams (e.g., OHM) will easily survive. To summarize a lot of coins will die. Be careful outhere.
Aren't these just pyramid schemes with extra steps? OHM, TIME etc look pretty bad when reading about them from an outside perspective
OHM looks to be picking up. I'm still down 90% on OHM, but thanks to the rebases, I have 6x my initial bag. If it would just hit half my buy price, I'll make a decent profit. It's a long way to go, but I'm hopeful. OlympusDAO seems to have a solid foundation, and a revenue stream with their Olympus Pro. Their treasury is not what it used to be, but fingers crossed, things get better in the next year.
I wish I didn't plonk everything into OHM and TIME, and held on to my ETH and AVAX instead. I would've been down just 30% instead of 80%. I try not to dwell on hindsight. Every decision I made was based on information I had at the time.
Getting all your crypto advice from Reddit might be why you’ve never seen anything bad about it. It’s a shitcoin my guy. Yes, instant transactions are cool, but it’s goal is to be a currency and no currency will ever go mainstream without some kind of peg or backing. A stablecoin or a backed coin with free floating peg like OHM or H20 has somewhat of a shot. On top of that, NANO constantly has network issues. Reddit shill this coin so hard but it’s literally garbage. You need more than fast transactions and environmental friendliness to have utility. Any txn on extremely popular networks like Arbitrum or AVAX is instant and cheap. There are coins that do way more for the environment like KLIMA. You’re left with a “currency” with no backing and a bunch of Reddit fanboys.
Hey! Don't speak logic here. You'll be called spreading Tether FUD here instead of due diligence because of "muh bags" syndrome. A lot of folk here had never read the whitepaper, or even questioned why or where (Terra/Celsius/Tron/OHM..Insert X Defi token) yields were coming from, and still managed to get roped in to the Anchor yield scheme and eventually lose billions of dollars due to an attack. Who did that? No one knows. But everyone is worried that if USDT does crash now, it'll destroy the space. If that does happen, yes..it will, but in the long-term, it could just get scooped up by banks & mining get turned into enterprise-govt co-managed activity. After all, it's the underlying burn mechanism that is valuable anyway. Lightning Network, ETH, and other scaling solutions come to forefront for global payments and services, or commerce....The space still recovers in 10 years. And this is the good scenario. Second case is banks push their own standard of blockchains & tokens to be ratified by the govt. for trade and commerce, and payment and BTC withers & the developer community switches to a better technical standard for scale. Worst case : Key players die...Some might get kept alive due to their underlying tech utility...which might persist over the years, you might even find research for this done by traditional firms to improve their existing tech stack for distributed computing, a SaaS competitive okay...But it's money that has disappeared. The end. The key part isn't that Tether isn't disclosing more details about it's reserves to defend its peg, the key details is that the org's unwillingness to provide the list of all it's counterparties.
I rode OHM down, but I didn't feel like this guy because you never put everything into a single assets. In crypto, if you're getting into alts, ie anything not BTC or ETH then be ready for anything
Hederas $HBAR will be the main DLT in a few years. $OHM will be the reserve bank of crypto
I feel the pain as do 99% of others who went into the DAOs lie OHM and Wonderland.
I'm 99% down on Klima and OHM. When you fuck up is when you learn, these crashes battle harden you.amd you take it as a learning experience.
Basically, UST was sort of like OHM or HEC, both of those wanted to be a similar thing, and their prices tanked too.
I know, but maybe the system will overcome the issue. Listen, I made riskier investments in the pasts with DAOs, I understand you don’t have my same experience. I made two 50x, with OHM and with IN, in the last two years. And I lost a lot of money too with other investments. I bought LUNA last year at 2$ and sold at 49$, SOL at 4$ and sold at 112$. But I also bought XRD at 0.4 and sold at 0.1, for example. Right now I am down, but still up more than 10x, if I think about my total original investment of real money. At the end of the day it’s just a matter of risk. I am taking a risk I can afford to handle, economically and mentally. I thought about it a lot tonight, and that will not change my life if it’s not right. But you know what, I respect a lot that fact that others can disagree with me.
Had a buddy do this with OHM dao…. I told him liquidate your staking rewards before winter is thru and he didn’t. The OHM chart speaks for itself. Lol Who knew APY’s in the 100k’s wasn’t sustainable