SafeOHM

What Is SafeOHM(FBRO)? Complete Guide Review About SafeOHM.

What Is SafeOHM(FBRO)?

SafeOHM is a decentralized reserve currency protocol based on the SOHM token. Each SOHM token is backed by a basket of assets (e.g. BNB) in the SOHM treasury, giving it an intrinsic value that it cannot fall below. SOHM also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

A company goal is to build a policy-controlled currency system, in which the behavior of the SOHM token is controlled at a high level by the DAO. In the long term, they believe this system can be used to optimize for stability and consistency so that SOHM can function as a global unit-of-account and medium-of-exchange currency. In the short term, they intend to optimize the system for growth and wealth creation.

SafeOHM Storage Key Points

Coin BasicInformation
Coin NameSafeOHM
Short NameSOHM
Circulating SupplyN\A
Total Supply156
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How do I participate in SOHM?

There are two main strategies for market participants: staking and bonding. Stakers stake their SafeOHM tokens in return for more SOHM tokens, while bonders provide LP tokens in exchange for discounted SOHM tokens after a fixed vesting period. Governance participants can get involved on your forum and through discussions on your community discord and DAO discord servers respectively. This coins are always looking for new community members to contribute.

What is Bonding

Bonding is the secondary value accrual strategy of SOHM. It allows SOHM to acquire its own liquidity and other reserve assets such as BNB by selling SafeOHM at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of SOHM tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards (SOHM tokens) as they vest, and at the end of the vesting term, the full amount will be claimable. Bonding is an active, short-term strategy. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable.

Therefore bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking. Bonding allows SOHM to accumulate its own liquidity. SafeOHM call your own liquidity POL. More POL ensures there is always locked exit liquidity in coins trading pools to facilitate market operations and protect token holders. Since SOHM becomes its own market, on top of additional certainty for SOHM investors, the protocol accrues more and more revenue from LP rewards bolstering your treasury.

How can I benefit from SOHM?

The main benefit for stakers comes from supply growth. The protocol mints new SOHM tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. The main benefit for bonders comes from price consistency.

Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in SafeOHM and thus the bonder’s profit would depend on SOHM price when the bond matures. Bonders benefit from a rising or static SOHM price. Selling will also affect the price of SOHM, thereby affecting Bond’s income. When someone sells SOHM, the system will charge a 10% transaction fee and invest in bonds within one hour to increase bond prices.

How to Stake

  • Go to the Stake page of the SOHM DAO website. Select the “Stake” tab.
  • Enter the amount of SOHM that you would like to stake in the input field. If you would like to stake all your SOHM, press the “Max” button and the input field will be populated with all your available SOHM balance.
  • Click “Approve” and sign the transaction.
  • After the “Approve” transaction has been processed successfully, click “Stake” and sign the transaction. Voila, you have staked your SOHM!

How to Unstake

  • Go to the Stake page of the SOHMDAO website. Select the “Unstake” tab.
  • Enter the amount of SOHM that you would like to unstake in the input field. If you would like to unstake all your SOHM, press the “Max” button and the input field will be populated with all your available SOHM balance.
  • Click “Approve” and sign the transaction.
  • After the “Approve” transaction has been processed successfully, click “Unstake” and sign the transaction.

Current Index

Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any SOHM, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake.

SafeOHM divide the index number when you unstake by the index number when you stake to get the ratio by which your SOHM balance has increased. Your Balance tells you how many unstaked SOHM are in your wallet. This is the maximum amount that you can stake. Your Staked Balance tells you how many staked SOHM are in your wallet. This is the maximum amount that you can unstake.

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