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Difference between revisions of "Olympus DAO"
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I changed the timeline to become less biased. You can't state that a protocol is a ponzi because an influencer said so in an article. I added a counter-article so people can be properly informed by having both sides of the story. I have also added an update on how Olympus has performed over the last months.
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0xrusowsky (talk | contribs) m (I changed the timeline to become less biased. You can't state that a protocol is a ponzi because an influencer said so in an article. I added a counter-article so people can be properly informed by having both sides of the story. I have also added an update on how Olympus has performed over the last months.) |
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The next month, Olympus announced the upcoming V2 migration<ref>https://olympusdao.medium.com/introducing-olympus-v2-c4ade14e9fe</ref> that would eventually take place in December 2021.<ref>https://olympusdao.medium.com/get-ready-for-olympus-v2-migration-360764a61168</ref> | The next month, Olympus announced the upcoming V2 migration<ref>https://olympusdao.medium.com/introducing-olympus-v2-c4ade14e9fe</ref> that would eventually take place in December 2021.<ref>https://olympusdao.medium.com/get-ready-for-olympus-v2-migration-360764a61168</ref> | ||
On December 30th, 2021 Jordi Alexander posted an article | On December 30th, 2021 Jordi Alexander posted an article arguing why, in his opinion, OHM was a ponzi scheme.<ref>https://medium.com/@game_theorizing/of-smoke-and-mirrors-part-1-117c1f92e186</ref> Nevertheless, a lot of counterarguments where brought to the table. <ref>https://0xrusowsky.substack.com/p/an-attempt-to-analyze-all-the-drama</ref> | ||
By January, Olympus was down 90+% from all-time-highs and general sentiment around the project was grim.<ref>https://thedefiant.io/olympus-under-fire/</ref> The price-decline was mostly attributed to cascading liquidations.<ref>https://www.coindesk.com/markets/2022/01/11/olympus-tanks-30-led-by-liquidations-on-fuse-souring-market-sentiment/</ref> | By January, Olympus was down 90+% from all-time-highs and general sentiment around the project was grim.<ref>https://thedefiant.io/olympus-under-fire/</ref> The price-decline was mostly attributed to cascading liquidations.<ref>https://www.coindesk.com/markets/2022/01/11/olympus-tanks-30-led-by-liquidations-on-fuse-souring-market-sentiment/</ref> | ||
By July, Olympus has been able to outperform the market leaders (both BTC and ETH) for several months in a row. This behavior has been possible thanks to the activation of inverse bonds and the initiaton of the stability phase. <ref>https://twitter.com/yellah99/status/1546875423606317057?s=20&t=6yhANtOqlq6VuFsrs1rbwA</ref> | |||
== Protocol == | == Protocol == | ||