What's the thought on the OHM model? Seems to be a fascinating concept that has — exploit of deprecated vaults aside — frankly produced outrageous returns. Call it as you will bit producing 8,000%+ APY for a relatively stable asset that autocompounds 3x daily for 7 17ING MONTHS is an unbelievable achievement, too good to be true if a cursory glance at readily available information didn't confirm it. wsOHM can also be purchased on Avalanche so you can buy and stake OHM without using Ethereum — a big plus for proles like me.
Wonderland is producing the same results but better for now and has acknowledged the dilution problem. They also via Abracadabra and MIM have introduced a way to leverage the OlympusDAO model. They have ALSO captured >1% of the AVAX float in < 2 months. All incredible achievements.
For those looking for the next permutation: WAGMI on the Harmony chain is built by the same guy who created Viperswap. When LINK goes live on Harmony he too will introduce lending via most likely an Abra fork. This is the only OHM fork that is built and operated by a dev with an established DEX so I consider it to have the most potential.
The
has been strong lately tbh. Taproot is exciting and has me bullish on BTC for the first time in a while. Most of my strategy has shifted to leveraging a savings account using AAVE however. You can recursively leverage USDC 5,000%+ AND earn 8.5% APR at the moment (thats 44% APR without compounding / leveraging the rewards).
Tldr: **** is wild and almost too easy.
Wonderland is producing the same results but better for now and has acknowledged the dilution problem. They also via Abracadabra and MIM have introduced a way to leverage the OlympusDAO model. They have ALSO captured >1% of the AVAX float in < 2 months. All incredible achievements.
For those looking for the next permutation: WAGMI on the Harmony chain is built by the same guy who created Viperswap. When LINK goes live on Harmony he too will introduce lending via most likely an Abra fork. This is the only OHM fork that is built and operated by a dev with an established DEX so I consider it to have the most potential.
The
has been strong lately tbh. Taproot is exciting and has me bullish on BTC for the first time in a while. Most of my strategy has shifted to leveraging a savings account using AAVE however. You can recursively leverage USDC 5,000%+ AND earn 8.5% APR at the moment (thats 44% APR without compounding / leveraging the rewards).Tldr: **** is wild and almost too easy.
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