Jiive.Ξth @JiiveEth - Twitter Profile

bought and burned 16% of FDV in last 3yrs ($41.6m of OHM), continues to do so. current bb rate is ~4%/yr, and you can borrow out 70% LTV at 0.5% APR with no liquidation risk while you wait. if price drops 10% from here, buybacks increase 1.7x to 6.75%/yr of FDV. if price drops 20% from here, buybacks increase 4.25x to 17%/yr of FDV. double the treasury yield and all these numbers double as well. <- watch this space

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JiiveEth retweeted

Jordi in Cryptoland

@lordjorx

about 1 month ago

Tempted to start accumulating OHM. @OlympusDAO has changed a lot recently. Now the opportunity isn't just holding OHM. You can use it as collateral for Cooler Loans, borrowing stablecoins at a fixed rate with no liquidation risk. You can loop the position for additional exposure, but that also increases risk. Cleaner structure: > Hold OHM as collateral > Borrow stablecoins through a Cooler Loan at a 0.5% > Deploy the capital into DeFi or loop > Capture the spread There's little value in backtesting this. Pre-2025 OHM was effectively a different protocol, so I'm building a manual framework for entries and exits. For me, this price looks very interesting now.

lordjorx's tweet photo. Tempted to start accumulating OHM.

@OlympusDAO has changed a lot recently. Now the opportunity isn't just holding OHM. You can use it as collateral for Cooler Loans, borrowing stablecoins at a fixed rate with no liquidation risk.

You can loop the position for additional exposure, but that also increases risk.

Cleaner structure:

> Hold OHM as collateral
> Borrow stablecoins through a Cooler Loan at a 0.5%
> Deploy the capital into DeFi or loop
> Capture the spread

There's little value in backtesting this. Pre-2025 OHM was effectively a different protocol, so I'm building a manual framework for entries and exits.

For me, this price looks very interesting now.

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JiiveEth retweeted

OlympusDAO |Smart, Money| @OlympusDAO

about 2 months ago

$OHM's price has eased recently (with most of crypto), and it's worth unpacking what that actually means for the protocol... b/c any confusion around price decline, premium compression, supply contraction mostly traces back to one habit: reading OHM's price the way you'd read any other token's. For almost every other token, a falling price feeds on itself. A lower price pushes holders to sell, the selling pushes the price lower, and so on. Olympus was built to run that loop in reverse. The lower the price goes, the more $OHM the protocol can buy back with the yield its reserves earn (~$50K / week), so the fall itself funds the buying and keeps pulling supply out of the market. The selling that compounds against an ordinary token is what powers the buying here. Behind every $OHM sits a backing (~$12) of real assets, mostly stablecoins. And the protocol won't issue new OHM below backing; it buys OHM back instead. That buyback gets more powerful as the premium compresses: the same reserve yield buys back more OHM the closer the price sits to backing, pulling more supply out of the market (right where an ordinary token would be unraveling). Supply contracting is the design working (not a warning)... Over the last four years the protocol's bought back $156M+ of OHM across its buyback programs.

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