A new version of DeFi that hardens your mind with rewards, Olympus DAO

Do you understand Olympus DAO, the DeFi protocol with hundreds of thousands of APYs?

Olympus DAO is currently the most misunderstood DeFi device. OHM tokens promise to generate an incredible 10,000%+ APY when staking. The work also has a following culture in the media (especially Twitter). This led many to question the credibility of the project. In fact, at the beginning of the project, the return cost was around 90,000, but now it is 430,000. Can the return cost increase as the project increases?

You may not see income for many years anywhere in the world where the exchange rate fluctuates, but make no mistake. It also has a lower APY in the figure. As DeFi enters the 2.0 era around OHM (Olympus DAO), a thousand percent APY seems pointless.

In fact, there is a project in 2020. As of August 12, the daily rate is around 20% and the annual maximum is over 20,000%. Of course, each year is dynamic and the annual rate of return is always lower as asset lending increases. He then spent the night running and running Olympus DAO for a long time, and since its inception, OHM has raised approximately $700 million in assets in its own assets, of which marketing caps at over $4 billion. It is also one of the few DeFi operations with 99% liquidity. It is still stable and many fake disks keep appearing.

Anything Untried now faces a lot of skepticism and accusations that it is a Ponzi scheme. OHM's game strategy determines staking behavior first, and staking determines project development, then stability. A high APY leads to higher coins and smaller markets, further flooding the market, encouraging sellers, lowering prices, and encouraging higher APY when prices lose value. A well-supported proposal, promoting greater adoption and growth of ecosystems and DAOs.

What is Olympus DAO?

Olympus DAO develops an unreliable financial plan called OHM. Compared to Tether and USDC, OHM strives to become the number one stablecoin. It has a special meaning behind it. In other words, when decoupling fiat currency, it can be said to be the anchor of all cryptocurrencies and a long-term stable buy.

Try to recover each OHM token with a DAI (stable USD = $1). This means that the price of OHM can increase depending on the price of 1DAI. These floating products are commercial only. This is not a problem because Tether or USDC are pegged to the dollar.

But why would someone pay more for 1 OHM than for 1 DAI or $1?

Fluidity of the protocol

Olympus is a new concept by introducing the concept of "Protocol Owned Liquidity". This means that all OHM participants will be able to enjoy an additional form of existing and protected community OHM.

The museum can sell OHM contracts at a reduced price, emphasizing performance and value to the community. If OHM's market is above its fair value, Treasury will sell OHM's new contract at a discount in exchange for DAI, increasing retention and distributing the bulk of its revenue to partners. If the OHM market is below its fair value, the Treasury invests in the purchase of OHM, reducing OHM products and theoretically increasing the value of OHM.

There is a lot of speculation as to whether the participants will own OHM, hold contracts or sell OHM.

The pairing of numbers in the figure above is one way communities can explain this, and what is the outcome or affects all aspects of participants' behavior with them and the procedures.

Staking is considered the best benefit for all Olympus participants. This is because the initial purchase of tokens creates a positive purchase and contributes to increasing the cost of the OHM due to a shortfall due to the closing of the product.

Although the contract was not bought entirely to increase the value of OHM, they were considered good, but not as good as insurance, as they offered the property to Olympus Vault.

OHM sales are considered bad because they depress the price of OHM and the price drop may encourage other partners to sell their tokens.

The purpose of the process is to provide security through algorithmic trading. When 1 OHM > 1 DAI, the process will reduce the OHM to increase the OHM supply and reduce the cost again. When 1 OHM