Olympus DAO is trying to create a reserve currency for the crypto industry. One year after launching, its native token, OHM, is not being used for payments in any meaningful way. In addition there has been high volatility and a devastating drop in price.
But in spite of these negatives, we believe this project is worth paying attention to.
It pioneered the important concept of “protocol-controlled value.” An alternative way to acquire liquidity instead of endlessly paying liquidity miners. Through this concept, its treasury grew from $50 million to $500 million in just 3 months.
It also has a competent team, good technology and a strong roadmap. So even if it fails as a reserve currency, there is a real chance for it to become a frequently used way to bootstrap protocol-owned liquidity or conduct transactions.
Twice a month Pick Of The Month buy recommendations from SIMETRI Premium
Convex’s business model is built on Curve, a DeFi blue chip that continues to be one of the market leaders. It repackages Curve’s governance into a liquidity bootstrapping product that is already being used by projects like Abracadabra and Alchemix, and there is potential for more projects using it down the line. Ergo, Convex is one of the few examples of business-to-business models in crypto.Read full report
You’ll have 30 days to check out everything except the latest buy recommendation from SIMETRI.
If you're not happy? Contact us at
855-431-1299 or [email protected].
For a full refund. 100% Guaranteed
One more thing... If you commit to the subscription, you’ll get more than our latest Pick Of The Month.
You’ll join a community of real people investing real money in crypto and once a week, you can ask questions about the market on a live call with people from our team.