Name: Olympus DAO ($OHM) What is it and where is it going next? (with JaLa)
Uploaded: 2021-12-24T11:19:10+00:00
Duration: 34 min 13 s
Description: In 2021 no DeFi protocol has quite caught the eye like OlympusDAO. Inspiring a devoted following of Ohmies you’ll have seen the (3,3) meme everywhere. Then there were the forks, sooooo soooo many fork

3 years ago

In 2021 no DeFi protocol has quite caught the eye like OlympusDAO. Inspiring a devoted following of Ohmies you’ll have seen the (3,3) meme everywhere. Then there were the forks, sooooo soooo many forks. Single-handedly responsible for DeFi2.0 and its promise of Protocol Owned Liquidity it seemed the project’s gamified model of a reserve currency would rise and rise forever. But after peaking at the end of November critics have begun to pile on declaring the bubble has burst, that the ponzi’s true colours have been revealed. I’m sure you have questions so in this special episode I’ll break down what’s actually going on to create that APY before a special interview with the new notional frontperson for the project Ja La to discuss the challenges of the difficult second album.

00:00 Olympus makes people angry, but why?
01:07 Olympus has had one hell of a year
02:04 Titles
02:19 What is Olympus DAO, quick recap
04:00 Sponsors
06:08 Ohm staking explained, how do they generate rewards?
07:34 Protocol Owned Liquidity, quick recap
08:09 Through the dashboard, explaining the user experience
11:26 Where is Olympus going next?
12:46 Interview with JaLa - highlights
14:14 How do you defend Olympus from those who call it a ponzi?
17:41 How do you scale Olympus?
19:19 Moving to Avalanche, how did that happen?
21:41 Plans to move to other chains?
24:28 Does owning all their liquidity make Olympus centralized?
26:12 Is Olympus liquidity locked like Bancor's?
27:18 Olympus going decentralized but that's problematic
28:53 Is Olympus dead now the price is going down?
31:05 Where does Olympus go next, looking towards 2022
33:08 DeFi protocol of 2021?