APY Discussion

_mp_

In support of this. Open to discussing the X, Y and Z values, but I think these are good starting values for the current phase we are in.

ptp1600

The best managed / incentivized long term staking scheme I've seen for a project is Alchemist (MIST), which uses an NFT to track time staked. This time staked (in days) determines a rewards multiplier that ranges from 1x to 10x. Removing your stake or even collecting rewards resets the multiplier to 1x. It takes 60 days to get to 10x, and it increases linearly.

Such a mechanism, or an analogous one would be great for Olympus/OHM since it's exactly what we want to incentivize, we can reserve the 100k+ APY for 60 day or X+ day stakers, and have smaller APYs for new stakers. Bonds could also play into this mechanic to increase your multiplier for a set amount bonded or something.

JunYu

ptp1600 Great suggestion

el_dan0

ptp1600 Love this. Reward loyal ohmies!

unbanksy33

ptp1600 Great suggestion. To expand on $MIST's model, they use a fork of Ampleforth Geyser module. Ampleforth bonus period rewards increased from 1x on day 1 to 2x on day 30 to 3x after 60 days. IIRC, this worked: many users waited 2 months before withdrawing to get max rewards.

https://www.ampltalk.org/app/forum/ampl-geyser-19/topic/about-the-geyser-21/

The specific bonus period should be adopted to OHM's unique circumstances.

balotelli45

ptp1600 Interesting model. Would love to see how it could fit in OHM's model.

bugjargal

Why is the APY currently at 100%? Has something changed? I haven't seen my sOHM increase over the past week.

Carlo95827

Hello!

Which are the main variables that affect the APY?

kawika101

I am new to the scene. I know this is off topic but I just tried to swap ETH for OHM from my Meta mask account

and it is not in my Olympus account and nothing is in my mask account either. Can someone please tell me what I can do to maybe recover from this. Thank you all ahead of time

LEO

I expressed my suggestion cautiously and humbly, maintaining the status quo of APY, and at the same time conditionally adding an active destruction deflation mechanism, conditional or unconditional destruction, for example, active destruction for some other benefits, such as reputation value, experience value, Or increase some other rights, or selfless destruction to contribute to the entire ecology and so on. Reasonably and actively encourage participants to destroy deflation.In short, I suggest adding a deflation mechanism that actively encourages participants to take the initiative to destroy。

kawika101

Hello

I tried to stake ohm yesterday thru my metamask wallet and have yet to see any coins in the olympus staking for me.

can anyone tell me why? I went to the site olympus.finance and attached my wallet it was going smooth. deposited Eth into it swapped it for OHM approved the staking and thats it! I haven"t seen my initial investment of $3,200 since. Please if someone could help me out I would really appreciate it.

Thank you

ManDolorean

kawika101 You probably need to add the gOHM token to MetaMask

tydanger

Hi there. Make sure you are on the Ethereum main network in Meta mask. If not try adding the AVAX network, easily googled. Hope that helps.

agni17

Also, sometimes it is necessary to refresh the page. Had a similar issue and that solved it. Hope this helps.

Ballurs

Unstaking and selling all my ohm today, the project is looking worse by the day

Corelli100

Ballurs Agreed. They just fucked everyone

Corelli100

Well as you literally blew up the whole "stake for rebase to grow your holdings" model, none of this really matters, does it?

How is gOhm different from any other crypto coin now? "no but but the rebases increase the index! So if the price increases you have more money!"

Really? So if the price increased in Bitcoin and I hold BC, I also have more money, correct?

And if the price of gOhm drops by 50%, what do the rebases do now with gOhm?

CryptoSaint

Corelli100 I'dont know what you are saying. I've migrated to V2 a few days ago, and my sOhm stil grows every rebase.

BobbySchmurda

CryptoSaint Dont bother. Hes not a listener. Hes a "im going to be negative because i dont understand" type.

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