How does OHM DAO work?

OlympiaDAO is an experimental project in the cryptosphere. OHM currency is backed by a token treasury that is managed by the DAO. The DAO buys assets from investors (to be deposited in the Treasury) and issues OHM tokens to replace them .

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How secure is yield app?

Is YIELD App Safe? As well as being regulated , the YIELD app’s cold storage wallets are provided by BitGo. BitGo carries $100 million in insurance protection through a syndicate of underwriters through Lloyd’s. The $100 million policy covers digital assets where the private keys are held 100% by BitGo.

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Why is OHM crypto dropping?

OHM has been on a downtrend since November 2021 and is down more than 60% year-to-date. This price drop also meant that overleveraged OHM long positions went underwater causing a cascade of liquidations that ultimately led to further downward pressure on the token price.

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