This most recent ‘how-to guide’ from Crypto News site ‘ Olympus Dao Now’ contains precise and detailed steps and instructions, designed to be used by people who are serious about the blockchain technology and with a specific focus on how the Olympus DAO model works. In addition to helping them make good investment decisions in Olympus DAO as a fascinating project it is. This guide helps readers better understand the bases of the Olympus model. The verdict is not out on wether it will prevail or not but it has heralded a new era in Defi, that’s for sure.
Cryptocurrency enthusiastics and other interested parties are welcomed to download the how-to guide, in full, from the website: https://olympusdaonow.com/ohm-token-defi-2-0-platform-liquidity-v33-explained-march-22-examples-list-of-olympus-dao-forks-mkr-crv-time/
The inspiration for creating this guide came from a desire to provide useful, actionable information to anybody facing the challenge of choosing a good crypto project to invest in.
The Full How-To Guide Goes Over The Following Points:
Staking OHM tokens – Now to clarify, the word “staking” does not mean providing a token to a validator to support the proof-of-stake process. Olympus DAO is not a blockchain. Rather, Olympus DAO is a protocol, a set of smart contracts, that sits on the Ethereum platform.
Protocol owned liquidity – Buy OHM directly from Olympus DAO through a process called bonding. The way this works is to offer Olympus money today and then in a few days get discounted OHM tokens. It is kind of like giving them a loan which they pay back in OHM with some interest. Hence the name bond.
Compound interest – when new OHM is issued it gets added back to the staking pool. This way there is interest on the interest.
Paul, Founder at Olympus Dao Now spoke at length about the guide, excited to share the details, the reasons behind creating a guide on covering the role of Olympus DAO and the groundbreaking DeFi staking model and what Olympus Dao Now hopes to accomplish with it: “successfully create as much H’OHM’ies as possible”
Cryptocurrency enthusiastics and anybody interested in covering the role of Olympus DAO and the groundbreaking DeFi staking model or facing the challenge of choosing a good crypto project to invest in are invited to review the how-to guide online directly: https://olympusdaonow.com/ohm-token-defi-2-0-platform-liquidity-v33-explained-march-22-examples-list-of-olympus-dao-forks-mkr-crv-time/
More information about Olympus Dao Now itself can be found at http://www.olympusdaonow.com