The noise every few second throughout your video is very distracting
@WajahatMughal
Жыл бұрын
Ahh it’s some background music, can remove it for future videos if it’s distracting
@juanmora4149
Жыл бұрын
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
@WajahatMughal
Жыл бұрын
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.
@SenpaiTorpidDOW
Жыл бұрын
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.
@WajahatMughal
Жыл бұрын
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
@SenpaiTorpidDOW
Жыл бұрын
@@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.
@WajahatMughal
Жыл бұрын
@@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.
@SenpaiTorpidDOW
Жыл бұрын
@@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.
@WajahatMughal
Жыл бұрын
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
@tawnyayoun6457
Жыл бұрын
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?
@WajahatMughal
Жыл бұрын
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
@JordiInCryptoland
Жыл бұрын
Awesome video! Thank you so much mate :)
@WajahatMughal
Жыл бұрын
Glad you enjoyed!
@StopWarring
Жыл бұрын
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
@WajahatMughal
Жыл бұрын
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.
@rodrigopetrus1978
Жыл бұрын
What is your social media? That project looks really interesting
@WajahatMughal
Жыл бұрын
@@rodrigopetrus1978 follow me on Twitter - @0xMughal Link should be in the description
@Jonathanos12
Жыл бұрын
My staking returns stopped coming in about a year ago and im confused
@WajahatMughal
Жыл бұрын
Should still be there - yield is 2.3% on the dashboard right now.
@jerseytees7707
9 ай бұрын
@@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.
@hosammazzawi
Жыл бұрын
You are giga brain, this video is absolutely well done.
@WajahatMughal
Жыл бұрын
Thanks! Really appreciate the kind words
@-hurn
Жыл бұрын
love your deep dives man!
@WajahatMughal
Жыл бұрын
Awesome, what would you like to see next? 👀
@-hurn
Жыл бұрын
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?
@WajahatMughal
Жыл бұрын
@@-hurn looking at possibly some of the new stable coins coming, convex, Synthetix & Tapioca too
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