(51/n; @OlympusDAO thread Pt.III)
Any community-governed project must find its own way to deal with coordination attacks.
It’ll be worthwhile to track how well the DAO is doing at remaining decentralized and keeping vulture VCs in check.
Any community-governed project must find its own way to deal with coordination attacks.
It’ll be worthwhile to track how well the DAO is doing at remaining decentralized and keeping vulture VCs in check.
(52/n)
Even as APY comes back to Earth, plenty of directions for the DAO to secure a spot in the #DeFi ecosystem remain. @glassnode offered excellent examples:
Even as APY comes back to Earth, plenty of directions for the DAO to secure a spot in the #DeFi ecosystem remain. @glassnode offered excellent examples:
(53/n)
- “A risk-off asset not exposed to the inflationary, regulatory, or monetary pressures of USD” (Based on recent proposals that have passed, the DAO is actively working on their $DAI problem)
scattershot.page/#/olympusdao.e…
- “A risk-off asset not exposed to the inflationary, regulatory, or monetary pressures of USD” (Based on recent proposals that have passed, the DAO is actively working on their $DAI problem)
scattershot.page/#/olympusdao.e…
(54/n)
- “Robust lending markets with $OHM as collateral and borrowing” (e.g., Rari Capital and Fuse)
- “Sources of liquidity across all major DEXs.”
olympusdao.medium.com/breaking-the-s…
- “Robust lending markets with $OHM as collateral and borrowing” (e.g., Rari Capital and Fuse)
- “Sources of liquidity across all major DEXs.”
olympusdao.medium.com/breaking-the-s…
(55/n)
- “Advantages of composability — unique ways to harness bonds, rewards, $OHM flash loans, governance, gamification, partnerships, etc.”
- “Self-governed monetary policy and codified accountability”
insights.glassnode.com/defi-uncovered…
- “Advantages of composability — unique ways to harness bonds, rewards, $OHM flash loans, governance, gamification, partnerships, etc.”
- “Self-governed monetary policy and codified accountability”
insights.glassnode.com/defi-uncovered…
(56/n)
We can make an interesting case for being bullish $OHM. Take a look at this chart from the DAO’s official blog, showing the network’s annualized revenue compared to other #DeFi protocols:
We can make an interesting case for being bullish $OHM. Take a look at this chart from the DAO’s official blog, showing the network’s annualized revenue compared to other #DeFi protocols:
(57/n)
The first 3 (@Uniswap, @synthetix_io, @BalancerLabs) don't accrue revenue to their tokens.
The total MC is much lower than others listed on that chart & completely dwarfed by @Uniswap, @Synthetix_io, @MakerDAO, & @Bancor.
Perhaps it’s a signal of network efficiency?
The first 3 (@Uniswap, @synthetix_io, @BalancerLabs) don't accrue revenue to their tokens.
The total MC is much lower than others listed on that chart & completely dwarfed by @Uniswap, @Synthetix_io, @MakerDAO, & @Bancor.
Perhaps it’s a signal of network efficiency?
(58/n)
One of $OHM’s strongest points is the clear method of valuing it, namely the number of $OHM outstanding to the RFV of the DAO’s treasury.
However, investors must bet on the treasury continuing to grow.
One of $OHM’s strongest points is the clear method of valuing it, namely the number of $OHM outstanding to the RFV of the DAO’s treasury.
However, investors must bet on the treasury continuing to grow.
(59/n)
#TradFi natives & institutions may find @OlympusDAO interesting solely because it has clear means of evaluating its current and long-term performance.
#TradFi natives & institutions may find @OlympusDAO interesting solely because it has clear means of evaluating its current and long-term performance.
(60/n)
@OlympusDAO manages a balance sheet of ~$63.9M in assets, with roughly $18.8M in risk-free value and around 7,532 stakers active in the protocol
Their treasury remains resilient and growing despite a crypto market downturn, while the total market cap is reaching ATHs
@OlympusDAO manages a balance sheet of ~$63.9M in assets, with roughly $18.8M in risk-free value and around 7,532 stakers active in the protocol
Their treasury remains resilient and growing despite a crypto market downturn, while the total market cap is reaching ATHs
(61/n)
It's an early experiment, & historical odds suggest something better will replace it, or the protocol will evolve to replace itself.
Time will tell if innovations like $OHM or similar non-pegged #stablecoins are widely adopted or if they can prove their use-cases
It's an early experiment, & historical odds suggest something better will replace it, or the protocol will evolve to replace itself.
Time will tell if innovations like $OHM or similar non-pegged #stablecoins are widely adopted or if they can prove their use-cases
(62/n)
It’ll be interesting to see which direction the DAO steers the project from here. They have the war chest, pilot project, community, and momentum to do great things in #DeFi and experimental monetary policy.
It’ll be interesting to see which direction the DAO steers the project from here. They have the war chest, pilot project, community, and momentum to do great things in #DeFi and experimental monetary policy.
(63/n)
Next steps for DAO Enthusiasts:
- Join the @OlympusDAO Discord server and lurk for a while: discord.com/invite/6QjjtUc…
- Check out the documentation (it’s standing in as a white paper, for now): docs.olympusdao.finance
Next steps for DAO Enthusiasts:
- Join the @OlympusDAO Discord server and lurk for a while: discord.com/invite/6QjjtUc…
- Check out the documentation (it’s standing in as a white paper, for now): docs.olympusdao.finance
(64/n)
- Ask a moderator about the DAO’s dedicated governance Discord server.
- If you take the plunge and become a staker or bonder, it’ll be worth getting involved on the forums and keeping up with ongoing proposals:
forum.olympusdao.finance
scattershot.page/#/olympusdao.e…
- Ask a moderator about the DAO’s dedicated governance Discord server.
- If you take the plunge and become a staker or bonder, it’ll be worth getting involved on the forums and keeping up with ongoing proposals:
forum.olympusdao.finance
scattershot.page/#/olympusdao.e…
(65/n)
- Scout the list of ongoing projects from the DAO’s Notion Wiki and see which conversation you’re most interested in:
notion.so/olympusdao/Oly…
- Scout the list of ongoing projects from the DAO’s Notion Wiki and see which conversation you’re most interested in:
notion.so/olympusdao/Oly…
(66/n)
Recent updates since I published this report:
- Cooperation & market cap > price:
Recent updates since I published this report:
- Cooperation & market cap > price:
https://twitter.com/xh3b4sd/status/1418571701839962113?s=20
(67/n)
- OIP-15 (Proposal): Add $ETH to the Treasury — ETH Bonds, reduce dependency on $USD & $USDC, & target 5% of Treasury risk-free value (RFV) as $ETH
forum.olympusdao.finance/d/67-oip-15-ad…
- ARC: Add Support for OHM (Proposal):
governance.aave.com/t/arc-add-supp…
- OIP-15 (Proposal): Add $ETH to the Treasury — ETH Bonds, reduce dependency on $USD & $USDC, & target 5% of Treasury risk-free value (RFV) as $ETH
forum.olympusdao.finance/d/67-oip-15-ad…
- ARC: Add Support for OHM (Proposal):
governance.aave.com/t/arc-add-supp…
(68/n)
- The @MakerDAO Foundation’s CEO @RuneKek stepped down last week, another significant step for #DeFi and positive development for the currently DAI-backed $OHM
thedefiant.io/makerdao-shuts…
- The @MakerDAO Foundation’s CEO @RuneKek stepped down last week, another significant step for #DeFi and positive development for the currently DAI-backed $OHM
thedefiant.io/makerdao-shuts…
(69/n)
Not investment advice. Check the original article for a disclaimer and a note on sources (The link may be broken):
alphatrades.medium.com/olympusdao-ω-ohm-is-using-community-governed-monetary-policy-to-reach-a-lofty-goal-83edf65738ed
Not investment advice. Check the original article for a disclaimer and a note on sources (The link may be broken):
alphatrades.medium.com/olympusdao-ω-ohm-is-using-community-governed-monetary-policy-to-reach-a-lofty-goal-83edf65738ed
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