OLYMPUS / DAI STABLECOIN on Ethereum (055475...7722D3)SushiSwap v2 (Ethereum)
Description
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OHM is showing why it is the best DAO - treasury is healthy, staking has been steadily in the range of 7,600-8,400% APY; and Olympus Pro is expanding its ecosystem.
Many new DAOs are appearing that are forked off of OHM, which is growing the entire DAO market cap, and is suggesting great potential for the viability of actual DeFi stable coin. I think OHM will end up having the largest cap out of all of them, and is a wise investment choice at this time.
good analysis. it should bounce off its current point from $785-ish and head higher; it came down with the entire crypto market overnight from high 800s. Would be amazing if the current APY could actually hold for 300+ days like the runway says. At the 1-year and longer mark is really where the compounding starts to clean up big time.
Tokademics
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@SIFITIME, Agreed. Imo anything above 3x the treasury floor is exceedingly bullish; i consider anything in the yellow channel a good buy zone.
SIFITIME
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@Tokademics, most definitely; i added more on this pullback. i saw someone else do an analysis showing how it tends to pull back for 30 days and then goes bullish for 60; done a few cycles of that now.
I think the 780ish range it hit overnight was the low point on this cycle and we should see a nice charge ahead in the coming weeks...if 60 days holds up that would take us to mid january. Could be interesting. Either way i'm happy as my average is below current pricing even with gas fees included.
Love this project and hope it holds up for 12-16 months like this; that would be truly amazing as the compounding really starts to explode in the later months.
Tokademics
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@SIFITIME, Agreed. Seems like Crypto has been pulling back a bit, so it's expected to see OHM's price drop. If i see it hit $600, im gonna load up a bunch. Currently anywhere in between my yellow lines is a good play imo.
SIFITIME
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@Tokademics, Agree 100%; doesn't look like it is going to head down quite that far; but like you said if it does, it is GO TIME to really buy a lot!
Are you doing the full 9/9 with the rari/fuse to increase your holdings? Pretty cool once I figured all of that out.
Tokademics
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@SIFITIME, You know, i've yet to get into alot of the ecosystem myself, save for bonding; mind sharing any documents you'd recommend I read up on?