To unstake OHM, you go to our website and select “unstake.” You send sOHM back to the staking contract to receive OHM at 1:1 . The protocol distributes tokens by sending them to the staking contract without asking for sOHM back.
Read moreWhat is staked Olympus?
What is Staking. Staking is the primary value accrual strategy of Olympus . Stakers stake their OHM on the Olympus website to earn rebase rewards. The rebase rewards come from the proceed from bond sales, and can vary based on the number of OHM staked in the protocol and the reward rate set by monetary policy.
Read moreCan I use Coinbase wallet to stake OHM?
Under “Swap” input DAI amount you want to convert. Search for OHM in the Swap To cell and purchase Ohm. Follow the prompts. Keep paying the fees in ETH until you have OHM in your wallet.
Read moreWhat 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.
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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