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.
Read moreIs OHM a stable coin?
Is OHM a stable coin? No, OHM is not a stable coin . Rather, OHM aspires to become an algorithmic reserve currency backed by other decentralized assets.
Read moreHow do I buy OHM coins?
How to buy Governance OHM
Read moreHow 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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