Introducing the OpenSea AI Creator Contest!
$10K in cash prizes, XP, and a chance to work with us.
Like, repost, and reply with your original AI work featuring OpenSea, NFT/memes, and/or crypto culture.
Submissions open now through August 22nd.
Additional details below 👇
Clean water isn’t everywhere.
Let’s change that together.
Our #TeamWater mint is now live.
100% of proceeds go to @TeamWater to fund clean water infrastructure.
With love from OpenSea & our partners.
Make a difference and donate today 👇
https://t.co/D3EvUC952a
Art Week for Voyages is now live!
A celebration of creators shaping onchain culture.
Drop your favorite artwork below.
Share the image. Tag the artist. Earn XP.
Let’s spotlight more artists together.
Welcome to the new OpenSea.
How to Turn $1,000 into 10% of the $WOMO Supply
By the end of the rebase, it will be possible to stake that 10% and receive a corresponding share of the treasury, as described in this post:
https://t.co/bERfMjUqDL
By then, the treasury could be around $5 mil and generate approximately $300–500k per year.
Today, I’m going to create a public wallet and deposit 1k$ into it. I’ll follow my strategy of bonding and staking in a way that doesn’t affect the chart, aiming to eventually own 10% of the treasury.
The Debank link to the wallet will be at the end of this post.
Intro
Currently, around 0.8% of the supply is burned daily that’s about 8,000,000 $WM (~$64,000).
Of that, around $11,600 is distributed to stakers split 50/50 between the WM-S and WM-USDC staking pools.
Today, I’ll do my first bond using $100 (50 USDC + 50 $WM), with a 30% bonus and a 36-hour vesting period.
The remaining $900 I will stake in the WM-USDC pool, since it has lower TVL and offers higher rewards.
(Keep an eye on my wallet I may switch pools if the yield changes.)
Day 1
These $900 will earn me approximately $49.5 per day (5.5% daily APR).
I’ll sell these rewards and if everyone followed this same strategy, it wouldn’t hurt the chart, since more tokens are burned than sold.
The plan is to use the profits from staking to rebond once my first bond matures.
What the chart looks like if you always sell staking rewards and use them for rebonding.
The chart has enough time to recover thanks to the rebase.
Day 3
After 36 hours, my $100 bond will mature, and I’ll receive $130 in WOMO tokens.
By then, staking will have earned me 1.5 days × $49.5 = $74.25.
I’ll need an additional $55.75 to make another rebond I’ll top this up from outside the account.
I’ll then place a $260 bond into the WM-USDC pool, again with a 30% bonus and 7-day vesting.
After 7 days, I’ll receive $338 in WOMO.
Meanwhile, staking will have earned me 7 × $49.5 = $346.
Day 10
I rebond again, this time bonding $676 for 7 days.
This will return $878.80 in $WM.
From staking, I’ll earn another $346 that week.
I’ll still need $532, which I’ll get by selling part of my WOMO around $266 worth.
This won’t cause any sharp chart dips, even if the entire community follows this guide. (We tested a similar chart setup for two months see example.)
Conclusion
By staking and only selling staking rewards + any leftovers after bonding, the chart has time to recover weekly through the rebase.
This strategy allows me to accumulate a large share of the supply potentially 10% by the end of the rebase using just $1,000.
https://t.co/CW0MsB4Hl6