Governance OHM

Governance OHM (GOHM)

Full information about Governance OHM (GOHM). Current Governance OHM price in AMD, GOHM open/close rates, Governance OHM history charts, Governance OHM market capitalization and volume.

1 GOHM = 1 612 993.57 AMD Armenian Dram (AMD)
4241.3421744 AMD

Last updated: 2024-10-01 01:41:00 UTC - about 1 year ago 1 USD = 380.302627 AMD

General information
Global rank:4428
Name: Governance OHM Governance OHM
Symbol:GOHM
Current coin price (AMD):1 612 993.57 AMD
Last hour:arrow_upward0.160 %
Last 24 hours:arrow_downward-0.020 %
Last 7 days:2.88 %trending_up
Capitalisation (AMD):0.000000 AMD
Volume 24h (AMD):8 039 597.53 AMD
Available supply:0.000000 GOHM
Total coin supply:-1 GOHM
Start date:2021-11-24
Last updated: 2024-10-01 01:41:00 UTC - about 1 year ago

Governance OHM/Armenian Dram (GOHM/AMD) price chart

Governance OHM/Armenian Dram (GOHM/AMD) capitalisation and volume charts

Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX) in the Olympus treasury, giving it an intrinsic value that it cannot fall below. Olympus also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.Olympus utilizes Protocol Owned Value to enable price consistency and scarcity within an infinite supply system. Every OHM is backed by DAI and OHM-DAI LP in the treasury. This intrinsic value cannot be diluted, providing a fundamental check on inflation.Olympus is a floating algorithmic currency. This means that it has mechanisms to promote stability and predictability without directly pegging to any asset. With the introduction of adjustable policy; the DAO can move certain variables up and down to target growth and profitability or stability and predictability.gOHM:gOHM stands for Governance OHM. It supersedes wsOHM as part of the v2 migration. gOHM is wrapped sOHM V2, which allows you to use sOHM V2 on different blockchains.Other Olympus tokens:sOHM \| wsOHM \| OHM \| OHMv2Useful V2 Migration information:

  • wsOHM V1 (wrapped, staked OHM) will be replaced by gOHM (Governance OHM). They function exactly the same, but gOHM is set up for on-chain governance
  • OHM and sOHM tokens will have their identical V2 counterparts. OHM V1 becomes OHM V2, and sOHM V1 becomes sOHM V2.
  • Token tickers will remain the same for V1 tokens. For example, after migration, your wallet will show "OHM" instead of "OHM V1". Make sure to update the token contract in your wallet with the V2 addresses to show your balances.
  • When migrating OHM V1 and/or sOHM V1, you will get gOHM in return. Although the token balance will be different (gOHM price is calculated differently, which is based on the Current Index), the dollar amount remains the same.
  • After the migration, OHM V1 pools such as OHM-DAI will utilize OHM V2. This applies to new bonds as well. Partners like Abracadabra will only accept new deposits in gOHM. So, you will need to migrate if you want to use these features. Otherwise, you can sit tight and migrate only when you want to.

You have two months to migrate after V2 launch (14th December 2021). If you don't, your sOHM V1 balance will stop rebasing, but the difference will be honored when you migrate.