Agreed while I have more Ohm then that the reductions are a bit much, and at a certain point I see it leading to the "end" of ohm. How can one be an Accohmulator with 1000%/100%/25%/6% apy
OIP-18: Reward rate framework and reduction
What happen to "dont look at the price" meme?
If we reach those APYs it'll mean that we all already made it fren - in that respect if we make it to those APYs and have (3,3)'d the whole way then price won't matter - key is integrations as treasury asset for other protocols
Just a quick comment from the peanut gallery. It’s interesting how the market cap seems to be stabilizing as voting results become more certain.
It’s likewise interesting how, in this experimental universe of “code is law,” that social identity and self-categorization come to the surface – old ohmies vs new ohmies, non-whales vs whales, etc. Aside from being the bread and butter of unconventional warfare doctrine, that can also be a brilliant marketing strategy.
Actually, that’s a great sales pitch for people being both happier, and materially better off, with AI mediation of human cognition. Hmmm.
Market cap is stabilizing because overall market is trending south.
Haven't you noticed yet? When BTC and market goes bull, OHM cap shrinks. When market hints bear, everyone comes running back into ohm.
Has little if anything to do with this proposal while still in voiting.
The proposal is great, I'm 100% positive. If there is locked staking as additional option it will be more great I think. I'm sure most of the ohmies will locked a part of their holdings in the name of bright future. The crypto world is booming, so OHM will raise and raise as popularity in the next years.
- Edited
Hi Shadow,
I try APY calculated according to the formula this link provides https://docs.olympusdao.finance/main/basics/basics#how-is-the-apy-calculated
but the result is not as expected, can you explain why?
https://docs.google.com/spreadsheets/d/1LMro-9X4sbiMLD9CIXLmfSyyD44Kpo4fmTl9i-8LsuY/edit?usp=sharing
CollinJMiller
This passed months ago, and we have 10x our market cap since then. You can see there were similar replies across this post, but I'm glad the majority of the community trusted the Policy team on this and so we're here today.
@shadow Where does the policy team project the supply of Ohm in 2 - 6 months vs the OIP-18 schedule? Should we be expecting a decline in APY in the near term?
@shadow when will this policy be carried out ?
Well, I like the fact there is a roadmap, for a new ohmie like me, looking at the long term roadmap allows me to plan extrapolate potential.
Having just read the full proposal, I agree that option 1 would be the best option, however I think that some kind of long term holder increase to the APY may also be a good idea to incentivise people to hold there sOHM long term.
Example:
After holding for 1 week = APY bonus increases to….
After holding for 2 week = APY bonus increases to….
After holding for 3 week = APY bonus increases to….
APY bonuses increase every week up to maybe week 10, at which point the accrued APY bonus levels out and stops increasing. The Bonus APY would be at a low sensible and constant rate, and be separate from the Main APY. The main APY would obviously be variable as per option 1. The Bonus APY would restart from week 0 if you unstake and restake.
Might be a way of attracting some long term big fish / whales.
Food for thought guys.