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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What is staked OHM?

Staking in Olympus is a profit distribution mechanism . It is designed to be the dominant strategy for participants; to stake, hold and compound. The primary aim of Olympus is to provide rewards to those who buy-in to OHM (the token of Olympus) and boost the value of the treasury.

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What is OHM coin used for?

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.31 Ara 2021

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