OHM Staking - Week Two Update - How To Stake on Olympus DAO 3,3

Описание: Week 2 of our OHM Staking follow along and we are currently down -$183.00 in profit this week. The entire crypto market is down and this has played a big role in our current standings. We will be back next week with a new update!

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We're starting a new series, very similar to what we just started with our time staking in the Wonderland finance Dow, we are going to be doing the same thing with Olympus.

So if you didn't know, Olympus was the originator of the decentralized reserve currency protocol.

And, and fact time is a fork of that on the avalanche network.

So Olympus runs on Ethereum, which yes, unfortunately, we have the gas fees that go along with that.

However, this is the, like I said, the start of this protocol, they created it.

And, and so we're going to jump in here and we're going to do a weekly setup on this as well.

I had actually already started doing everything before I decided to make this a series.

So we're going to just go through everything.

Step-by-step on what I did and where we're starting.

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And then we'll just do a weekly update from there for one year's time.

So, I plan to do this for one year.

Now, what do we do with the funds between now and a year if we reinvest them or we take it out, we probably will take our initial investment right out.

So that everything is we, we ride free from, from our risk once we hit that, that point.

But we'll discuss that as we go.

And I'll include you guys in that weekly, but okay.

So let's go through it.

So Olympus is a decentralized reserve currency.

Olympia is building a community-owned, decentralized financial infrastructure to bring more stability and transparency to the world.

So we can see their treasury balance, $722 million, the total value locked.

And then their current APY right now is at 4795%.

So we're not getting, they're not listing some crazy amount of AP Y which is usually just something that attracts people because they see that large number.

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