How it will work
OHM Fork and how it will work: Holding Monkes To receive airdrops you must hold a Mutated Monke. It doesn't matter if you minted or purchased off secondary. Everyday, multiple times a day(TBD) holders will receive an airdrop for $Mutated. You will then be able to stake your $Mutant tokens and earn compound interest. These earnings from staking will be substantial due to the fact they are compounded. The APY is not possible to calculate yet and we can't give you guys an accurate number as of now, but we can assure this will bring generational wealth to our holders!
What will the earnings look like? Based off other Olympus DAOs numbers, they currently have $3,800,000,000 staked. There rebase rate is around 0.3% every 8 hours. Obviously the amount we have staked and backed will be no where near OlympusDAOs so lets use some more realistic numbers. Say we have $50,000,000 staked. ($50,000,000 x 0.3%) * 1% = $1,500 split across all stakers - $1,500 / 666 = ~$2.3 every 8 hours. This means holders will earn ~$6.9 per day(Based off these numbers). This number will also be compounded everyday so your earnings will end up being much higher the longer you stake. These numbers could be lower or higher, only time will tell.
What is the current ETA As many of you know this is a tedious process and isn't as simple as just making a token and airdropping to holders. We are currently aiming to launch staking before the start of 2022. No exact date as we don't want to promise something we can't deliver. We will update you guys as much as possible. Very soon in the next week we will be selecting beta testers from our discord server.
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