Anyone here invested in Olympus DAO forks? Would like to hear more diverse opinions on them since most of its own users are v bullish on them (possibly biased)

I invested Wonderland DAO previously, it didnt go well.

Same for Olympus DAO.

Look at their price chart you will know how it goes, the hype dies down.

From 91000% APY, or 5000% APY, pfff. it's all a dream

If you are looking for reliable companies that offer decent APY

Join me to Earn up to 12,73% APY interest from stablecoins and other assets with Hodlnaut!

Sign up with my referral code above and get up to US$20 bonus after depositing US$1000 on any of their supported crypto.

1. Sign up via my referral link and complete your KYC verification
2. Deposit US$1000 worth of supported crypto in a single transaction to receive the US$20 bonus

How to deposit into Hodlnaut:

1. The more efficient way is to sign up with Crypto.com Referral (https://crypto.com/exch/habte9tf5t) You can transfer USD and receive your funds in USDC at a 1:1 ratio. From there, you can withdraw to Hodlnaut. Alternatively, can deposit via StraitsX(xfers) as Xsgd to buy crypto in Crypto. com to get crypto assets supported by Hodlnaut.
2. The most cost effective way is to sign up with FTX Pro (exchange) Referral (https://ftx.com/referrals#a=58086285) You can transfer USD and and purchase USDC or other supported crypto preferably BTC or ETH at very low rate (less than 0.1% rate, maker/taker fees). Then, transfer to FTX Blockfolio (non-pro version) for free and then withdraw to Hodlnaut for free too.

Deposit USD with cost effective way:

1. Sign up with Moomoo Referral (https://j.moomoo.com/00c32G) or Tigerbrokers Referral (https://www.tigerbrokers.com.sg/activity/forapp/invitflow-intl/signup.html?template=invite202011&lang=en_US&invite=GDD2RV), You can transfer SGD in and exchange into USD for a very low rate, lower than bank's remit rate.

Check out ROME, its an attempt to gamify rebasing and one of the early few on polkadot, quite interesting

​

and tbh, no one really knows how these daos will perform in a bear market, but i can gaurantee you that 99% of them will die out, only the main ones with first mover advantages like OHM and TIME have a better chance of surviving.

​

like most crypto investments, just be prepared to lose all your money. ive read and heard all the arguements as to how the protcol will be able to keep the price at a certain level but the realitly is that we're looking at a downside of up till the 1:1 pegging of the token against dai (pretty much 99% downside at current prices)

​

dont believe the bs that the token is backed by a basket of crypto assets and will maintain at least that value, in a bear market, that basket of assets will tank in value also

​

disclaimer, im invested in TIME myself, mainly because im fascinated by this whole concept of rebasing and would like to see how it performs in all market conditions