OlympusDAO - 16. The OHMies
Chart the daily number of OHMies over time. An OHMie is an address holding any of the following tokens: OHM (V1 or V2), sOHM (V1 or V2), wsOHM or gOHM. Which of these five tokens is the most widely held?
When we say Olympus, what are we talking about exactly?
The Olympus protocol aims to build a decentralized, censorship-resistant reserve money for the future Web3 environment. One of the primary goals of the Web3 financial movement is to create a new economic environment that meets the demands of all of its numerous stakeholders, including: Making use of purpose-built assets that are available at all levels of the educational system Transfer and storage of value in decentralized and censorship-resistant assets that are not reliant on the traditional financial ecosystem
What is OHM?
As the reserve currency for DeFi, Olympus aim is to help consumers migrate into a decentralized, democratic economy.
Why have a reserve currency?
Saving money:
- Over time, the asset outperforms inflation and becomes more stable.
To be wealthy:
- It is easy to exchange reserve cash for products and services.
a measure of value:
- Also used to value other assets.
Reserve assets are a reliable safety net. Large sums of money are maintained in reserve due to perceived safety and low danger. Olympus aims to become a decentralized reserve currency at this time. The DAO is taking explicit steps to achieve this aim by 2022, such as automating and decentralizing OHM.
Who is an OHMies?!
- Addresses holding the following tokens are known as OHMies:
OHM (V1 or V2), sOHM (V1 or V2), wsOHM or gOHM.