itsok

hello kindly click the link for live chat with a customer care agent for instant solution for any of your issue and questions @itsok click here

Platinum_Duck Alinor @itsok I agree, there is downside risk and would like to find a solution as well. It's just I'm not sure what a good solution would be without affecting our current investors. I would encourage you to bring up your solutions in the Olympus work discord: https://discord.gg/gKsP8uRS. From there we can work on implementing an actual solution whatever it may be.

I would be open to fees, locking staked OHM for additional rewards (but not reducing the APY as it stands), or other solutions. But again, I'm not sure how many people would agree.

Personally, I am working on a downside price protection solution using Barnbridge SMART Alpha pools, but this solution isn't perfect because when you use downside price protection on the senior side you essentially lose a portion of your assets when the price of OHM goes up. You can ask questions and find more info here: https://forum.olympusdao.finance/d/460-gohm-smart-alpha-pool-feedback-requested if you're curious.

Platinum_Duck @itsok In the past the Olympus team has investigated locking OHM for greater rewards but it never moved forward. While I think a lock would be an interesting idea, I think it would drive a lot of people away from the platform and I think might be harmful to the platform as a whole. Having an early exit fee could help, but it wouldn't really stop people from ultimately selling because they can sell once its profitable to do so whether after the next rebase or month later.

I think this is probably one of the most confusing parts about Olympus. The point of Olympus is not the APY. The point is for it be a reserve currency—think of it like an alternative to a real currency and being backed by crypto assets. In essence, the APY is designed to decline and the price is ultimately likely going to fall as time moves on. You can think of the APY as a reward for being an early adopter of OHM, but the platform was never designed to be a permanent high APY solution.

That in mind there are many OHM forks out there with much higher APYs than OHM and if it's the APY you're chasing you may want to check them out. However, for OHM itself the price and APY will fall until the market decides what the minimum APY they will accept is. Will it end up being a successful reserve currency—maybe? Only time will tell…

DOS @ @ Alinor @itsok It's the penalty / fee thing that gets me and Alinor is right about keeping dev time to a minimum especially after v.2 What about taking this penalty / fee idea and completely turning it around or at least reframing it. Do this by using a reward multiplier based on time staked. I still believe we need longer time horizons or at least the option of.

Something like this<30days = 1x reward, 30-60 =2x, 60 -90 =4x and so on upto maybe 10x. This is effectively a penalty or fee on short term holding just presented a different way which I think wouldn't put off new entrants.

The big deal here though and to address itsok's post is that if you sell at any time which you are free to do, you drop back to 1x reward when you buy back in. This would discourage whale dumping by making it more expensive as a strategy.