On the topic of the reserves in the treasury running out and thus those price walls no longer being that much of a wall - why isn't there a mechanism here to limit the amount of OHM that can be minted in relation to that? Surely at least then that would help prevent the price from falling below the wall, if supply cannot increase. On the other hand to keep demand low, well, the treasury can just mint and sell its own token if demand pushes it above the upper wall. It seems everything for this V3 depends on the stability of OHM, so not having this mechanic seems very odd.
There is a certain amount allocated actually at each of the walls. At 18:33 I mention there’s upper and lower wall capacity. That is the limit as you asked. After that new price walls are made. Perhaps I didn’t explain it well but that is what happens
@@WajahatMughal What's the point of the price wall if the reserve is blown to protect it, only for it to be pushed aside anyway and a new wall created? That doesn't seem so stable.
@@SenpaiTorpidDOW I guess it’s not to 100% protect but to help stabilise and reduce some of the volatility. Ohm at the end of the day is volatile & not meant to be pegged.
@@WajahatMughal A probabilistic level of stability is fine if it accrues enough reward I guess. Have you looked into the DJED protocol for Cardano? It's quite an innovative overcollateralised stablecoin token that specifically prevents token minting once collateralisation ratio goes below 400%, meanwhile new reserve currency tokens. It felt like something like that might be appropriate here. I'd be lying if I said I knew for sure what OHM is trying to be here, but I -think- it might be trying to fulfill the role that SHEN has as the reserve currency in the DJED protocol, but for all stablecoins through crypto.
hey guy good afternoon excuse me I have a question I still have my ohms in v1 I need to pass them to v2 to be able to swap to eth and where do you recommend me to swap without so much gas fee
Gas fees on Ethereum sadly are always pretty high. My advice is to try doing it when the GWEI is low (network demand low) which is often in the early hours of the morning for me in the UK. (When America is asleep!) - fees can be upto 50% cheaper then.
Convex would be super interesting, but tbh it doesn't matter, because I really find your content really educating. Any projects you have in mind for the next deep dive currently?
I staked 0.19 gohm and started out with 9 ohm about 2 years ago. Now I have 52 ohm, which is still v2 cuz i haven't touched it. Thing is, 52 ohm is cheaper than the 9 ohm was!! Do you think it will ever go up or will it just stay around $10.50 forever?
Ohm is a stable asset now. It’s volatility is massively reduced because of range bound stability. I think it can go upwards or downwards but we’re talking from $10-12 or something like that. Maybe in years and years to come it can go to $15-20+. It’ll take a long time for that to happen though in it’s current state. Most of the backing of ohm is now DAI
19:00 mark. Seems complex. How much manual inputs are needed. (BTW - I amy apply to get a grant from Olympus... ) Thank you BTW. I am also doing a deep dive. I am working on a OLYMPUS + Ampleforth model. How fast can OHM scale up... b/c it seems to have few complex mechanisms with the bond added. 21:00
not many manual inputs - its all done by automated smart contracts. Scaling OHM will be a slow and steady process given that Olympus needs to continue to grow its treasury. How fast it can do that depends on strategies but also yields from the treasury itself. Lets see how it goes but I think itll be a slow and steady rise for now.
@@WajahatMughal @Jonathanos12 I had the same thing happen. So I went onto the Discord group and asked that question. I was told they had changed the rules on it to keep it stable. So I now make about 1/4 of an OHM per month or something low like that.
![BabyChiefDoit - Too Slow (feat. STAR BANDZ) [Official Music Video]](http://i.ytimg.com/vi/zayaxws7RPg/mqdefault.jpg)
On the topic of the reserves in the treasury running out and thus those price walls no longer being that much of a wall - why isn't there a mechanism here to limit the amount of OHM that can be minted in relation to that? Surely at least then that would help prevent the price from falling below the wall, if supply cannot increase. On the other hand to keep demand low, well, the treasury can just mint and sell its own token if demand pushes it above the upper wall.
It seems everything for this V3 depends on the stability of OHM, so not having this mechanic seems very odd.
There is a certain amount allocated actually at each of the walls. At 18:33 I mention there’s upper and lower wall capacity. That is the limit as you asked. After that new price walls are made.
Perhaps I didn’t explain it well but that is what happens
@@WajahatMughal What's the point of the price wall if the reserve is blown to protect it, only for it to be pushed aside anyway and a new wall created? That doesn't seem so stable.
@@SenpaiTorpidDOW I guess it’s not to 100% protect but to help stabilise and reduce some of the volatility. Ohm at the end of the day is volatile & not meant to be pegged.
@@WajahatMughal A probabilistic level of stability is fine if it accrues enough reward I guess.
Have you looked into the DJED protocol for Cardano? It's quite an innovative overcollateralised stablecoin token that specifically prevents token minting once collateralisation ratio goes below 400%, meanwhile new reserve currency tokens. It felt like something like that might be appropriate here.
I'd be lying if I said I knew for sure what OHM is trying to be here, but I -think- it might be trying to fulfill the role that SHEN has as the reserve currency in the DJED protocol, but for all stablecoins through crypto.
had a brief look only, should take a more indepth view considering I like everything related to stables. Probably will tweet about it some time
Awesome video! Thank you so much mate :)
Glad you enjoyed!
You are giga brain, this video is absolutely well done.
Thanks! Really appreciate the kind words
hey guy good afternoon excuse me I have a question I still have my ohms in v1 I need to pass them to v2 to be able to swap to eth and where do you recommend me to swap without so much gas fee
Gas fees on Ethereum sadly are always pretty high. My advice is to try doing it when the GWEI is low (network demand low) which is often in the early hours of the morning for me in the UK. (When America is asleep!) - fees can be upto 50% cheaper then.
love your deep dives man!
Awesome, what would you like to see next? 👀
Convex would be super interesting, but tbh it doesn't matter, because I really find your content really educating. Any projects you have in mind for the next deep dive currently?
@@-hurn looking at possibly some of the new stable coins coming, convex, Synthetix & Tapioca too
I staked 0.19 gohm and started out with 9 ohm about 2 years ago. Now I have 52 ohm, which is still v2 cuz i haven't touched it. Thing is, 52 ohm is cheaper than the 9 ohm was!! Do you think it will ever go up or will it just stay around $10.50 forever?
Ohm is a stable asset now. It’s volatility is massively reduced because of range bound stability. I think it can go upwards or downwards but we’re talking from $10-12 or something like that. Maybe in years and years to come it can go to $15-20+. It’ll take a long time for that to happen though in it’s current state. Most of the backing of ohm is now DAI
19:00 mark. Seems complex. How much manual inputs are needed.
(BTW - I amy apply to get a grant from Olympus... )
Thank you BTW. I am also doing a deep dive. I am working on a OLYMPUS + Ampleforth model.
How fast can OHM scale up... b/c it seems to have few complex mechanisms with the bond added. 21:00
not many manual inputs - its all done by automated smart contracts.
Scaling OHM will be a slow and steady process given that Olympus needs to continue to grow its treasury. How fast it can do that depends on strategies but also yields from the treasury itself. Lets see how it goes but I think itll be a slow and steady rise for now.
What is your social media? That project looks really interesting
@@rodrigopetrus1978 follow me on Twitter - @0xMughal
Link should be in the description
My staking returns stopped coming in about a year ago and im confused
Should still be there - yield is 2.3% on the dashboard right now.
@@WajahatMughal @Jonathanos12 I had the same thing happen. So I went onto the Discord group and asked that question. I was told they had changed the rules on it to keep it stable. So I now make about 1/4 of an OHM per month or something low like that.
The noise every few second throughout your video is very distracting
Ahh it’s some background music, can remove it for future videos if it’s distracting