In honor of 6000 discord ohmies and 3300 ohm-chain holders, let’s recap the metrics recently covered in our month in review medium post.
If you don’t like scrolling through a whole article and prefer distilled info in nice, easy threads: this ones for you
tl;dr Up Only, NFA
We are incredibly grateful for our ohmies, who consistently make ours one of, no THE, best community in the industry.
We are 6000 strong today, and we cannot wait to welcome the next 6000 tomorrow.
As said above, holders has recently breached 3300. This was less than 800 at launch, and has seen steady growth all month.
This growth curve is mirrored by our discord, where membership has exceeded 6000!
(If you're not in the Olympus discord by now, you must hate fun and you're probably ngmi) discord.gg/olympusdao
Probably our most important growth metric, the risk-free value of the treasury has gone from ~$70k at launch to over $2.8m today. This is the minimum value of our assets; no matter where price goes, this goes flat or up.
The market value of those assets, which is affected by OHM price, currently stands at over $25m.
3, 3 has proved to be the dominant strategy, with 90% of supply consistently staked.
Value for stakers has increased over time, despite price remaining in a similar range (price today is lower than it was at the first peak in late March).
Things don’t look like they will let up for those stakers any time soon; OHM waiting to be distributed to stakers is now 20x more than OHM staked, securing >50,000% APY for the next six months at least.
@sh4dowlegend wrote a great thread about this today that you can find here:
1/Ω Olympus (OHM) gained popularity for its high rebase-rate in order to rapidly expand supply and bootstrap liquidity.
Now Olympus is closer to its originally intended final form: a scalable and predictable free-floating currency.
2/Ω As for the rebase rate - reducing the rebase rate lowers the opportunity cost for our current and future products, and encourages productive use cases for $OHM.
Over the past months the DAO and community have debated the ways to reduce the rate and put the options to a vote
Grab a coffee and put on your reading glasses. Let’s get into it. ☕️
We care about security.
Our mission is bold and long-term oriented. This is why we put a lot of effort into making resilient contracts that are made to run without vulnerabilities for decades.