OHM

ngutheil

I don’t know about OHM, but ICP staying dead ☠️

ABABAPPA

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).

adamdmn

If OHM makes the comeback, it would be a surprise to be sure, but a welcome one

YigithanUnlu

Wtf is OHM? never heard of it

BusinessBreakfast3

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.

Justin534

Was that OHM?

Rastifar

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%.

SuppiluliumaKush

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.

Wendals87

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

BusinessBreakfast3

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.

Mongooseroo

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.

Wendals87

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

Logical_Lemming

In Nov. 21, probably "Go all-in on OHM forks and HEX"

assoziationshauberk

Time and Jade, those stupid OHM forks

Awkward_Potential_

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.

onemoresi

LRC OHM Klima ETH (bought at £2k AVG).

Patohm

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 :)

kevzenn

Buying OHM and a strong node.

Tsubasa_sama

- 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.

cj020

OHM.

shmoculus

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)

poopymcpoppy12

OHM - but they're trying. Lol.

bogdanofquadruplets

OHM really got me

coinfeeds-bot

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.*

0moorad0

Buying OHM at the end of last year…

coinfeeds-bot

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.*

ImperialSoldiers

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!

coinfeeds-bot

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.*

coinfeeds-bot

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.*

coinfeeds-bot

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.*

lomosaur

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.

DesperadoLost

***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!

coinfeeds-bot

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.*

Jumpy-Echo7534

I bought OHM at over $500. It’s now sitting at around $12

UrbiwanKenobi

OHM forks

Lord_Kuruk

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.

Blekiz

OHM hurts me...

RSTat2

OHM

joshyoowa

Top 3: Storing my BTC in Mt Gox. Turning down a free Bored Ape. 50k split into $TIME & $OHM near the top. 🙃

Wendals87

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

EastCoastGrows

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.

RSTat2

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.

EastCoastGrows

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.

EastCoastGrows

Would have bought $8000 worth of Shib instead of TIME and OHM

africanasshat

Only god if you bought good things. I stayed in OHM. That did not go well.

Smiling_Jack_

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.

W1ndhors3

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

strider55555

Don't bet on greed. I put all my money into an OHM fork. Never again.

NFT_fud

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.

cryptowizarddd

I put a lot of money in OHM and lost way too much.

strider55555

I lost all my money in an OHM fork... Pump and dump indeed

_-_agenda_-_

Take a look at OHM

StockTrix

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 ;)

princeali97

They lost all their customers holdings buying OHM and stETH at the top

Smiling_Jack_

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.

Visible-Ad743

Effin OHM. 😡

onemoresi

. OHM and KLIMA was an expensive lesson in crypto. If it's too good to be true....

deedopete

WAGMI with the ViperSwap team - all the OHM forks suck

Trooper_1868

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.

Logical_Lemming

My OHM is doing better, and I had mentally written that off as a total loss.

spamohh

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

hoanglpr

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.

spamohh

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

KOOLBREEZE144

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.

4y2ijyjyjyj

you're thinking of TIME/wonderland which was an OHM fork - same dev team basically though

StockTrix

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)

DrinkMoreCodeMore

Sounds like all the OHM bros

DrinkMoreCodeMore

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.

_TheWolfOfWalmart_

>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.

assoziationshauberk

I always thought losing money with BTC and ETH was boring, so I made sure to invest in Luna and OHM forks.

DrinkMoreCodeMore

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.

IamTheTrader

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.

-shart-attack

Aren't these just pyramid schemes with extra steps? OHM, TIME etc look pretty bad when reading about them from an outside perspective

230897

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.

230897

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.

Spkeddie

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.

gwynbleidd2511

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.

CryptogeniK_

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

hymadewirwe

Hederas $HBAR will be the main DLT in a few years. $OHM will be the reserve bank of crypto

onemoresi

I feel the pain as do 99% of others who went into the DAOs lie OHM and Wonderland.

onemoresi

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.

JimJames1984

Basically, UST was sort of like OHM or HEC, both of those wanted to be a similar thing, and their prices tanked too.

Meneceo

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.

Logical_Lemming

OHM

GUNTHVGK

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