OlympusDAO to change APY to somewhere around 8000%

OlympusDAO is a protocol at which you can have been able to enjoy an APY of more than 15,000% for quite a while as you have been staking your $OHM tokens on the platform. It is governed by the token owners, and recently during a vote, they decided to lower the APY, cutting it almost in half. As a result, we can expect the APY to turn to somewhere around 8000% by September 8th.

Is this a bad thing? Not at all! After all, some people would probably say that the best way of protecting the value of the token would be to deflate it even more. BEcause when people get so many tokens in their hands, then they will immediately start selling, causing sell pressure, which might damage the reputation of the token and cause bearish price movements.

Still, it is important to notice that OlympusDAO hasn't promised that the token price will remain as high as it is right now. In fact, it is supposed to be a sort of a stable coin, not pegged to the USD (which is unstable itself), but to other cryptocurrencies, like DAI. As a result, this is a very interesting project, and now they are kind of pumping out a lot of $OHM tokens to early stakers as a premium that will make up for their losses, even if the token price should fall.

Do you want to learn more about OlympusDAO?

You can read more about the protocol in the following article: https://www.ipaddressguide.org/is-olympusdao-a-good-investment-is-olympusdao-safe-read-this-before-you-continue/

This is just one out of many interesting cryptoprojects out there. But, be careful, it is so easy to get tricked and fooled, so watch out for your passwords, passphrases, secret words, and everything! Many people are out there to steal your values!