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Where my #Ohmies and #Lunatics at?
We're going to ignore all this FUD and talk about $UST and $gOHM
A short thread on the @terra_money / @OlympusDAO partnership, building the #econohmy and #alfalfa.
We're going to ignore all this FUD and talk about $UST and $gOHM
A short thread on the @terra_money / @OlympusDAO partnership, building the #econohmy and #alfalfa.
Ohmies and Lunatics may remember a few weeks back we voted to accept UST into the treasury, this was not forgotten, UST bonds will be timed with the release of gOHM on Terra in the near future.
Olympus plans to have 3.3% to 5% of its reserves in UST, locking 7-10 million forever
Olympus plans to have 3.3% to 5% of its reserves in UST, locking 7-10 million forever
Did you know there is more to this partnership than simply bonding UST?
Terra and Olympus will be incentivizing UST/gOHM pairs on multiple chains:
1) Terra: Olympus will be bringing OlympusPro to Terra along with gOHM liquidity on @astroport_fi.
Terra and Olympus will be incentivizing UST/gOHM pairs on multiple chains:
1) Terra: Olympus will be bringing OlympusPro to Terra along with gOHM liquidity on @astroport_fi.
Ready for "OHM 4 idjits" part 2, fren?
Am truly grateful for all the wonderful words, encouragement, and follows. And I apologize for not responding to every comment. I haven't figured out how to access all the comments tucked in my last big thread.
(@jack pls help) 0/n
Am truly grateful for all the wonderful words, encouragement, and follows. And I apologize for not responding to every comment. I haven't figured out how to access all the comments tucked in my last big thread.
(@jack pls help) 0/n
If you haven't read part 1, then pls go read that first.
This isn't an episode of Friends, fren.
We stand atop foundations built in part 1. We learned the how. And now we learn the why.
1/n
This isn't an episode of Friends, fren.
We stand atop foundations built in part 1. We learned the how. And now we learn the why.
1/n
Soβwhere were we?
We covered what @OlympusDAO is, what it's tryna do, and how it works.
2day: we finish how Olympus is pursuing its #goals. And we lurn whether $OHM will make u rich. 2/n
We covered what @OlympusDAO is, what it's tryna do, and how it works.
2day: we finish how Olympus is pursuing its #goals. And we lurn whether $OHM will make u rich. 2/n
You keep hearing about $OHM, but you can't wrap your head around it.
Is it a ponzi?
Is it a scam?
Will it make you rich or poor?
If this sounds like you, then read this π§΅, fren. 0/n
Is it a ponzi?
Is it a scam?
Will it make you rich or poor?
If this sounds like you, then read this π§΅, fren. 0/n
My staked OHM recently grew to 11 OHMs. A cool 3 OHM return. Everyone is super stoked on me. Even if they don't know it yet.
In honor of this momentous occasion, I'm publishing "OHM 4 idjits." A breakdown for the OHM-curious, who feel too dOHM, to invest in $OHM. 1/n
In honor of this momentous occasion, I'm publishing "OHM 4 idjits." A breakdown for the OHM-curious, who feel too dOHM, to invest in $OHM. 1/n
First, let's confirm who this writeup is for.
You're not super smart. Maybe like 'smart adjacent.' You haven't won a single IQ award. You don't even know what IQ stands for.
Let's just say, you're a couple sandwiches short of a picnic.
And that's ok! Am an ijdit too. 2/n
You're not super smart. Maybe like 'smart adjacent.' You haven't won a single IQ award. You don't even know what IQ stands for.
Let's just say, you're a couple sandwiches short of a picnic.
And that's ok! Am an ijdit too. 2/n
π§΅#OnlyOnAave Case Study Day 14.
TLDR: $195k PROFIT.
150k $ampl borrowed
FEES = 49k ampl / In $s = $68k
= 126k ampl profit / In $s = $195k profit, in 14 days.
This is AFTER fees of 680k (the 180k% $aave APY)
<3 to $aave @AaveAave
$usdc $dai $susd $ohm #ohmies $terra $fei
TLDR: $195k PROFIT.
150k $ampl borrowed
FEES = 49k ampl / In $s = $68k
= 126k ampl profit / In $s = $195k profit, in 14 days.
This is AFTER fees of 680k (the 180k% $aave APY)
<3 to $aave @AaveAave
$usdc $dai $susd $ohm #ohmies $terra $fei
Its important to note that the $ price of $ampl fell during the last 24 hours from $1.70 to $1.50 approx.
So yesterday I had 116k $ampl profit at $205k $ profit.
Today I have 126k $ampl profit at $195k $ profit.
How!?... >
So yesterday I had 116k $ampl profit at $205k $ profit.
Today I have 126k $ampl profit at $195k $ profit.
How!?... >
How?!
You pay a rate of 180k% apy to lenders of $ampl on $aave @AaveAave
You are borrowing exposure to rebase - while the lender earns fees of up to 180k% from you.
In the short term, today's rebase was 4.561%. This is ONE BILLION % APY.
You pay a rate of 180k% apy to lenders of $ampl on $aave @AaveAave
You are borrowing exposure to rebase - while the lender earns fees of up to 180k% from you.
In the short term, today's rebase was 4.561%. This is ONE BILLION % APY.
One of my favorite topics to explore recently has been @templedao.
It's fascinating to watch the project grow and the community take off.
Over the past few days I have written a few threads about the power of its community and also Temple Defend.
π§΅π§΅π§΅
1) Today I want to ...
It's fascinating to watch the project grow and the community take off.
Over the past few days I have written a few threads about the power of its community and also Temple Defend.
π§΅π§΅π§΅
1) Today I want to ...
2) look closer at the project's launch.
Launching tokens is hard and easy at the same time. In theory, pretty much anyone can release their own ERC20 tokens but only very few of them gain legitimacy and truly take off.
The 'oldest' launch, akin to an immaculate conception...
Launching tokens is hard and easy at the same time. In theory, pretty much anyone can release their own ERC20 tokens but only very few of them gain legitimacy and truly take off.
The 'oldest' launch, akin to an immaculate conception...
3) has been Bitcoin. It's considered a 'fair' launch because in theory, everyone had the same chance to 'mine' Bitcoin from day 1. Of course, information asymmetry meant that only very few were mining early on.
Then came ICOs. Founders sell tokens in various auction or sale
Then came ICOs. Founders sell tokens in various auction or sale
The idea of a feedback loop is really important in the dynamics of any kind of complex system and, in particular, when we're thinking about fostering any kind of social change or social innovation. I want to dive deep on how I view the perpetual motion financial machine OLYMPUS.
The basic formula of a reinforcing feedback loop is that stimulus X produces reaction Y, which then produces more of stimulus X.
In a feedback loop every element is both 'cause' and 'effect'. For every variable you can trace links that represent influence on another element.
In a feedback loop every element is both 'cause' and 'effect'. For every variable you can trace links that represent influence on another element.
Reinforcing loops don't always mean growth. The same same reinforcing structure that produces growth can also produce collapse.
When a cycle of positive feedback continues for too long, investor enthusiasm can lead to irrational exuberance, which can create asset bubbles that pop
When a cycle of positive feedback continues for too long, investor enthusiasm can lead to irrational exuberance, which can create asset bubbles that pop
