OLYMPUS / DAI STABLECOIN on Ethereum (055475...7722D3)SushiSwap v2 (Ethereum)
Description
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By calculating the Premium that the market pays from market value backing per Ohm (MVBperOHM) - check here for my spreadsheet we can clearly see the prices that are atractive to some of the biggest holders of sOHM (or staked OHM).
Basicaly you either get a loan on RARI FUSE or ABRACADABRA, when the premium is low, so you can LONG it and you terminate the loan when the premium is HIGH, that way you actually never sell your staked Ohms and earn much more from rebases, or the simple way: buy low, sell high, but be carefull on the ETH gas fees
Comment
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What I find interesting is that after approximately 30 days after a High Premium, we have a Low Premium, followed by a 60 day up trend, that peaks again with a High Premium.
Please keep in mind, that during these cycles, the treasury kept adding value and is currently at 462 millions. (3,3) works.
hey John - great spreadsheet! Any chance you could make it copy-able? Or perhaps make one for KLIMA / TIME? this is fantastic!
johntuca
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@pigmyking, i`m not quite sure how to estimate the market value backing for Klima
IllMoonUrMom
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any update on this? Im looking to sell some of my OHM and trying to wait for a good time to do it. If you’re correct, it seems, there should be an increase in price coming up.
@legalBeer41910, well if you point me to a source for Market Value Backing per TIME, I`d gladly do one since I`m also invested in it. Thanks for feedback.