Olympus DAO Might Be the Future of Money (or It Might Be a Ponzi)

Posted on by American Coins & Gold

Olympus DAO Might Be the Future of Money (or It Might Be a Ponzi)
Yes, it’s a Ponzi scheme. But who cares? So are the dollars in your pocket.If you haven’t heard about it, Olympus DAO is a decentralized finance (DeFi) protocol whose primary use case seems to be “making people extremely angry.” Skeptics argue that its core functionality – a staking scheme currently yielding over 7,000% APY via new OHM token mints – is unsustainable to the point of fraudulent.This article is part of Future of Money Week, a series exploring the varied (and sometimes weird) ways value will move in the future.OHM investors, in turn, would tell you that most of contemporary…