OLYMPUS / DAI STABLECOIN on Ethereum (055475...7722D3)SushiSwap v2 (Ethereum)
Description
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I have updated the current statistical premium levels, according to the recent price action and premium values: Price Range vs Premium Historic Low Premium - 393.97 Low - 602.07 Mid - 885.35 Average* - 1068.19 High - 1168.64 Historic HIGH Premium - 2290.90
will also probably pass the snapshot vote, this will likely cause the Market Value Backing per OHM to grow from currently 101.25 USD (as of 11/28/2021 check the spreadsheet here ) to a likely value (depending on interest and market conditions) of 114 USD per OHM, probably before the OIP18 expected APY drop, projected on Jan 26 2022
Price Range vs Premium Historic Low Premium - $443.58 Low - $677.26 Mid - $996.48 High - $1,315.69 Historic HIGH Premium - $2,579.38
Even if in the unlikely drop to a historic low premium (give the fact that Fohmo4 is around the corner in Dec 2021) which is -47% from the current level, if you stake until Jan 26 2022 (usually a decrease in supply emission = more scarcity = higher price) you would have netted a 6% ROI just by (3,3).
Interesting TA John. So you're saying if the price tanks down to $443 you would still get a 6% ROI if you hold until Jan, 26 2022?
SIFITIME
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Very technical; but very good analysis John. Do you see any value in doin 33T? I noticed some very large whales are doing it as they get odds of 1 in 1.8 to win every 3 days. But the last round I noticed two of the winners only staked 1 OHM in the 33T pool and won big. Thoughts?
johntuca
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@SIFITIME, i find the odds of winning quite slim, but if you can park one here, it wouldn't hurt
SIFITIME
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@johntuca, Yeah I think I may just stake 1 later tonight or whenever the fees will be best.
What do you do to limit your gas fees?
johntuca
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@SIFITIME, I`m lucky that in my timezone mornings are quite cheap in eth gas fees also xdefi wallet used to work great