Thread by @nateliason

One thing to think about with the various Ohm forks popping up:

Assuming it's a true fork, each token minted should be backed by 1 * (current index) worth of stablecoins in the treasury...

So for Ohm, that's ~$30 of stablecoins per Ohm token in the treasury (it's actually a bit more).

Ohm is priced at $864 right now, giving it a monetary premium of 28.8x.

TIME is priced at $9,159, but is only at an index of 2.88.

Each TIME is backed by 1 MIM in the treasury, times the index, so that's $2.88 per TIME. It's likely a bit more than this.

So that's a monetary premium of 3180x. Sliiiightly higher than Ohm.

To be fair, TIME probably has a healthier ratio than that. But they strangely don't list their risk-free treasury balance on their site like Olympus does.

Now what about that new fork on Fantom?

Actually a super healthy ratio currently. Market cap is only 2x the risk free treasury balance. For comparison, Ohms is about 30x.

Monetary premium is still ~300x but they have a huge treasury which is kinda interesting.

Anyway, DYOR, don't get too enticed by the high APYs. There's always a downside.