Will the migration require a eth transaction(with gas) ?
Migration Information
- Edited
Zeus Migrating your tokens means interacting with a contract that will take your OHMv1, sOHMv1, or wsOHM and give you back gOHM.
Currently i have staked and i have sOHM. When i migrate, i will get gOHM and staked reward will be in gOHM ? If this is the case what is the used of sOHMv2 ?
Zeus "This also means that borrowers do not need to move their position. It is only when adding that you will need to acquire gOHM or sOHMv2 instead of wsOHM or sOHMv1."
What does adding mean here? Does it mean when borrowing or when depositing into the fuse pool?
For example, say I have 100k of OHM deposited into fuse pool 6 and I borrowed 20k against it. Does this mean that I can't borrow or deposit anymore and that the deposited ohm will not be growing on fuse? that is my borrowing power will be frozen?
"sOHM balance will stop changing"
isn't this a problem if you have a loan out on fuse? If the balance stops changing you will no longer be able to have your liquidation point go down as time goes on.
So basically we are now stuck at a fixed liquidation point based on the current amount of OHM we have and the rebases will no longer help us lower that? So the only thing that will affect our liquidation is the price of ohm?
Or will fuse still acknowledge the rebases?
Someone on the team had said you'd offer flash loans to help migrate? Is that still gong to be offered?
cabanaboy1977 Yup this in particular interests me… do we need to somehow settle the Fuse loan and migrate or will the sOhm pool be migrated by Rari?
I think the 9,9 scenario on fuse pool should be explained better. It’s not clear if we have to repay debt to have a migrated position and being able to borrow again. Also if v2 will add to v1 as collateral on the fuse pool, if v1 collateral will still rebase, etc. thx.
Vanadio i think only way out is to migrate to v2 to use fuse or any other medium for that matter.
That's the thing, say the fuse pools are going to be v2, wouldn't it be easiest for Rari to migrate the pools?
puthinakattu so we have to repay? If this is the case there will be immense sell pressure during migration.
@Zeus can you please clarify for fuse (please see previous comments).
Thank you sir for your time!
The vast majority of OlympusDAO investors just stake to earn rewards. We would really like to know exactly how this migration will unfold and this post does not adequately explain it.
You say we don't need to do anything unless we want to "access liquidity or integrations." What exactly does that mean?
So, assuming a normal staker just wants to keep staking and not "access liquidity or integrations" (whatever the hell that means), you also say that our sOHM rewards will stop increasing. but the difference will be honored when we migrate. But you just said we didn't need to do anything - now you are saying we have to do something (migrate)? Do we migrate? Do you migrate for us? When will we see our sOHM balance be corrected to reflect the rewards we should have gotten during this migration process.
Please explain in more detail.
Noob here. If I purchase some Ohms today, will they be v1 or v2? Thanks.
I have no idea what going on I migrate my tokens lastnight because was forced to do so can somebody explain to me what this stuff means I have read the info but I still don't understand it
Why is the migration so buggy? Did the team not fully test this out? I don't want to migrate. I'm not doing anything with bonds nor do I want to vote
Apparently the rebasing has stopped as well. I've had the same 3.8048 staked since last night with zero added rebase. Essentially the APY is now 0%
WHAT IS GOING ON?!??!
zortag It's a shit show
Vanadio yeah we have to pay another f'n ETH gas fee. Ain't that great?
itsok Me to brother. I no longer see why this is a good project
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Corelli100 But you also dont understand what youre saying and are spreading misinformation through this thread and a few others. Im not trying to go at your throat but on another post you seem to think the amount of gOHM you have doesnt go up so "youd might as well just be in ethereum"…. the index goes up, which when you do the SIMPLE MATH EQUATION of OHM Price*Index (thats 403.07 * 47.4) you get a 19,144.82….. thats what a gOHM is worth… and the next rebase the index will be 47.7….. that would increase the value of your gOHM because before in the first equation the index was only 47.4…. now its 47.7…. and on the rebase after itll be 48…. so your gOHM price will keep rising if the price remains steady or goes up because the index is FOREVER rising.
BobbySchmurda please stop personally attacking me.
Answer one question - are they going full deflationary, therefore guaranteeing the asset value will increase?
"Every rebase event will cause the Current Index to go up, and your gOHM is worth more as a result
(provided that OHM's price stays constant)
."
So if it's not 403.07, but its' 203.07 * 47.7 you get $9687.439. Yipee! You still hold ONLY 1 gOHM.
Tell me how changing the index matters if the price isn't stable?