How does Olympus coin work?

Staking OHM tokens works in a straightforward way. You either buy OHM on the market or bond your liquidity (see the following section) in exchange for OHM. Then you use the Olympus app to stake your OHM in return for rewards, in the form of more OHM, which the treasury derives from bonding sales.

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What is Olympus coin?

Olympus is an algorithmic currency protocol with the goal of becoming a stable crypto-native currency . Though sometimes called an algorithmic stablecoin, Olympus is more akin to a central bank since it uses reserve assets like DAI to manage its price.

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OM BTC nedir?

OM token, Mantra DAO’nun yerel tokenıdır. OM ile kullanıcılar Mantra DAO ekosisteminde tam anlamıyla söz sahibi olurlar. OM tokenın staking ödülü, lending getirisi gibi finansal kullanımı mevcuttur. Ayrıca, Karma adı verilen ve kullanıcıların ağ ekosistemine sunduğu pozitif katkıları ödüllendiren bir düzen vardır.

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How do you sell OHM coins?

To cash out on your OHM, you essentially do the same thing you did to purchase the token. Navigate back to a DEX and enter in the amount of OHM to convert back to ETH. Execute the trade, and your ETH will be stored in your wallet. To cash out your ETH, send it back to a centralized exchange and sell it from there.

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What is OHM coin?

In simple words, OHM is an algorithmic stablecoin that maintains a floating market-driven price without the 1:1 dollar collateral backing . OHM is different from other stablecoins as it is not directly pegged to the US dollar. Instead, each OHM token is backed by 1 DAI unit in their treasury.

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