Easy Ohmie

Normies into Ohmies! Developing an innovative protocol using lines of credit derived from the RFV of $OHM to empower retail finance. Lend from yourself.

[Easy Ohmie @EasyOhmie]

THREAD: On some of the moving parts in the #EasyOhmie ecosystem, and how it all works.

[Easy Ohmie @EasyOhmie]

:)

[OlympusDAO |Smart, Money| @OlympusDAO]

The Olympus Incubator is proud to announce its first launch partner:

⚡ Volt: a floating price stablecoin backed by collateral assets. We're joining forces to help them with liquidity ownership!

To learn more, join our AMA with founder OneTrueKirk on Nov 22 at 3PM PST.

[Easy Ohmie @EasyOhmie]

They will receive their funds in JUNO. This way, the treasury gets to keep the OHM, and pass the AURUM to the next normie waiting to become an Ohmie. We can also perpetually long OHM by never selling OHM, but paying out based on the amount that would have been sold.

[Easy Ohmie @EasyOhmie]

THREAD: On some of the moving parts in the #EasyOhmie ecosystem, and how it all works.

[Easy Ohmie @EasyOhmie]

VAULT: The amount of sOHM available to the user. The amount of AURUM is backed by Easy Ohmie, through yields based on the treasury’s performance. In the event that someone wants to exit their Easy Ohmie position, they will pay capital gains taxes, and their Easy Ohmie fees.

[Easy Ohmie @EasyOhmie]

Risk Free Value + Self Repaying Loans + Incredible UI = ????

[Easy Ohmie @EasyOhmie]

By combining ease of use, with solid, safe, and amazing compounding yields, Easy Ohmie will be a disruptor.

[Easy Ohmie @EasyOhmie]

Easy Ohmie will be revolutionary. Our goal is to expose the masses to the wonders of DeFi 2.0 in the safest, and easiest way possible. There will be a long journey ahead of the team, but we are prepared to create one of the most disruptive apps of the decade.

[Easy Ohmie @EasyOhmie]

Using the risk free value of OHM as a basis of calculation, there are plenty of ways to attack safe lending, and have the loan pay itself off through principle. Mechanics such as these while regular for us DeFi degens, could change the lives of so many people.