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HomeCOINSWhat Is Wrapped Staked Olympus(WSOHM) Coin Review ? Complete...

What Is Wrapped Staked Olympus(WSOHM) Coin Review ? Complete Guide Review About Wrapped Staked Olympus

What Is Wrapped Staked Olympus(WSOHM) Coin Review ?

Wrapped Staked Olympus The goal of the Olympus protocol is to create a decentralized, censorship resistant reserve currency for the emerging Web3 ecosystem. Developing a reserve currency is important because a fundamental goal of the Web3 financial movement is to foster an alternative economic ecosystem that serves the needs of its various stakeholders, which include:

Wrapped Staked Olympus Having access to unique purpose-built assets that are widely and uniformly available across L1s and L2s Being able to transact/store value in highly decentralized and censorship-resistant assets that are not dependent on the traditional financial ecosystem for validation or survival

Wrapped Staked Olympus (WSOHM) Storage Key Points

Coin BasicInformation
Coin NameWrapped Staked Olympus
Short NameWSOHM
Circulating Supply64
Max SupplyN/A
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

The Future Decentralized Reserve Currency

Olympus is building OHM, a community-owned, decentralized and censorship-resistant reserve currency that is asset-backed, deeply liquid and used widely across Web3.

A Better Digital Economy

Olympus A decentralized economy needs a decentralized reserve currency – one that isn’t pegged to the fiat system, but rather independently achieves purchasing power, broad acceptance, and high utility.

High Utility

Olympus Finally, to reach mass-adoption, OHM must achieve high utility. Olympus is rapidly building new protocols and partnering with community initiatives to continue to expand the use cases for OHM.

Olympus Incubator

Olympus Protocols that utilize or build on top of OHM or other Olympus products are eligible to receive investment and access to Olympus products and advisors via the incubator. This ensures that the Olympus ecosystem continues to flourish with the expansion of promising new projects.

Proteus

Olympus Proteus aims to provide Olympus liquidity to major chains via partnerships with Ethereum, Avalanche, Arbitrum, Polygon, Fantom, Moonriver, and Terra. This helps ensure that OHM is a highly liquid asset, regardless of which blockchain you’re transacting on.

Staking

Olympus Staking is the primary value accrual strategy of Olympus. Stakers stake their OHM on the Olympus website to earn rebase rewards. The rebase rewards are minted every 2200 Ethereum blocks (8 hours) as long as there is a corresponding equivalent of 1 DAI in the Treasury to back it. This is guaranteed on the smart-contract level.

Olympus Runway displays the number of days Olympus would maintain its current rate of emissions without any inflows to the Treasury or changes to the reward rate. Staking is a passive, long-term strategy.

Olympus increase in your stake of OHM translates into a constantly falling cost basis converging on zero. This means even if the market price of OHM drops below your initial purchase price, given a long enough staking period, the increase in your staked OHM balance should eventually outpace the fall in price.

Bonding

Olympus Bonding allows you to trade various tokens for OHM at a discounted price. In exchange, bond sales provide additional liquidity and reserve assets to the Olympus treasury, contributing to the stability of the protocol. As a result, 99% of all liquidity is owned by Olympus.

What is the benefit of staking OHM?

Olympus By staking their OHM, users opt in to actively participate in the Olympus network, and become eligible participants in governance. By participating in the network, stakers benefit from a rebasing mechanism that ensures their position scales with OHM emissions and overall the growth of the network.

A General Theory; with Special Reference to OlympusDAO and Defi 2.0

Olympus .carlo.acutis

Table of Contents:

  1. 1.Abstract: Internal Coordination Theory
  2. 2.Materials Economy and Digital Economy; Their Relation
  3. 3.Internal Coordination Theory As Applied to OlympusDAO Protocol
  4. 4.How These Aspects Create an Economic Flywheel
  5. 5.Why This Economic Flywheel Is A Virtuous Cycle
  6. 6.Value Theory in Economic History
  7. 7.Internal Coordination As Distributed Governance
  8. 8.Literature Review