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With the market in an overall down-ish trend for the past week, we've seen major slippage in price for OHM and OHM fork projects. As with OHM, the OHM forks are all fully or near-fully backed in the treasury and not just only with their own LP (which would obviously be bad).
Despite this bullish news for the DAOs, they're almost all in a huge downtrend from where they all were two weeks ago when things were looking great across the board.
If you have money, or an appetite for big risk, I think now would be the absolute best time to get invested in these flavors of DAOs, especially ones that have strong project roadmaps and consistent development + community engagement/growth/hodling apes.
In this arena, there are a couple things to consider:
- If you're looking at DAOs and betting that they will rise based on a trend reversal in the overall market and especially the bond market for these DAOs, you should be looking at projects that multiple, strong, symbiotic products to allow for 1,1 3,3 and/or 4,4 and 9,9 possibilities.
- How competent are the devs at communicating their activities and intentions with their communities? All these devs are pretty much anonymous except for Daniele and he's just the hypebeast of this whole thing over at Time.
- What is your entry and exit price? I can tell you, they're a roller coaster of volatility because when they're hot, they're very hot especially because of insane APY through their rebasing of the tokens and through attractive bonding through stables.
- How active is governance and how vocal are the governed - are the governed sane to boot? Are they being preyed upon by hungry whales, ready to dump?
- If you've thought long and hard about all of these questions, you should be investing in SPA (spartacus.finance). It's not financial advice, but it's life advice.
- 21,662 addresses of SPA stakers, the top wallet only owns 1% of tokens
- Spartacadabra lending pool powered by wsSPA and CHARM (airdrop incoming for all sSPA holders tomorrow)
- LAMBDA stable, $5 million in LAMBDA dropping and up for grabs this weekend or Monday probably
- Multisig wallet
- large marketing push starting
- New bonds incoming OHM-FTM and more, bonds that are currently negative ROI will be reactivated when the trend reverses
- Buyback is literal fork of OHM and won't happen until we're at 1 dai, read that wp first (I still haven't though)
- Over 50% of the treasury is in DAI right now, unlike some other projects that are almost entirely run on their project's LP, which is highly suspect.
- Cozy atmosphere