I turn 45 next week. Been talking with close friends, middle aged dudes- modestly successful, community oriented, good dudes working jobs of responsibility in various systems
Common denominator: all the systems are broken. Everyone knows it and is doing time to pay the mortgage
A good indicator of a ponzi:
Cash inflows and out flows are in the “same” currency
So many pundits have called $OHM a ponzi without realizing that Olympus treasury takes in stables + ETH + CVX et al but pays out in a currency it has complete control over.
$OHM cannot default.
The 1973 Roe decision was decided 7-2 and written by a Nixon appointee. The 1987 Casey decision upholding Roe was written by a Reagan appointee on a Court w/ 8 justices appointed by GOP presidents.
Rejecting Roe as “egregiously wrong” 50 yrs later = a radical, political act.
Really think you can just buy a concentrated basket of leading decentralized stablecoin protocols, close your eyes, and wake up rich in a decade.
These will be DeFi’s aggregators as they build massive on-chain balance sheets and become the industrys dominant liquidity providers.
as a final note, i'll just point out that there were single days back in September/October in which the treasury grew by $8-10m. seems a bit absurd to not be willing to expend that over a month at/near backing
as a wise man once said, scared money don't make money
fin
15/x
10/10 What doesn’t break us makes us stronger. Olympus and Ohmies have been through the ringer but...
we’re alive
we’re executing and
we’re not stopping
Onwards ohmies!
Q1 is behind us. @OlympusDAO just went through its toughest quarter to date but...
1. We're alive
2. We're shipping consistently
3. We have a busy Q2 ahead of us
This is a thread on what we accomplished in Q1 👇
In markets and economics, Twitter is where some of the highest level debate and conversation is happening. There’s no shame in reporters spending a lot of time following it. Just an incredible high amount of signal out there. And by and large, there’s very little groupthink.
Good engagement tweet, but nobody is down that much… it’s slightly below 90% if you bought the absolute top.
It’s painful ofc, but even ethereum had such a correction in past.
Overhyped things face such cycles. If Ohmies won’t stop building, market will reflect it. Patience
The Curve Wars are back.
But real story is not about Do Kwon, $CRV, or 've' tokens.
The real story is about power.
Power through governance.
Governance, not cash flows, will mint titans in crypto.
🧵
Seems folks are seeing a glimpse as to how stablecoins are part of the bedrock of DeFi
If only there was a protocol that acquired millions of dollars of stablecoins and tied itself to said stables. To have so much that it becomes a key part of the monetary infrastructure
$OHM