Hello Fellows,
I was wondering what would be the future of Governance OHM token, specially regarding it's tokenomics:
Governance OHM is currently priced at approx. $20k and APY is set at ~5k% at the moment, which means that gOHM can reach 1 million dollars within a year or so. This would be just the beginning, since Olympus will continue to accrue value over time and much higher prices could be expected depending on how the treasury grows.
I wonder how this will (counter-intuitively) affect the perception of gOHM as a currency, and perhaps even as a unit of account. Because every-day transactions would represent very very tiny fractions of gOHM token, it is possible to imagine a scenario where simply buying a coffee with gOHM would be impossible because it's tiniest factions are worth more than the coffee you would buy.
What are your thoughts on this matter?