It's been a rough week for our Ohmie brothers, but Olympus DAO members now have an opportunity to double-dip on their yield with a gOHM reactor!
Yo dog, Tokedevs went up Mt Olympus to research how to stake $gOHM because we heard you #Ohmies like to earn yield on your yielding staked $OHM. (A Pair Reactor for gOHM is now live on https://t.co/IYC5pO92Yd)
— ┻┳ TOKEMAK (☢️,☢️) (@TokenReactor) January 17, 2022
Yield on yield + a step forward for $gOHM as a base pair across DeFi pic.twitter.com/rGbR3ru4CN
The existing reactor is naked OHM – intended for Olympus DAO themselves in order to direct OHM liquidity – so users would have to sacrifice rebasing rewards in order to deposit.
The new reactor released today supports the recently created "governance OHM", which is essentially wrapped & staked OHM. It was created for improved cross-chain transferability, so gOHM holders will continue to benefit from rebasing rewards without requiring the token to be staked on the Olympus Dashboard.
The reactor APR will fluctuate until deposits settle down, but expect ~10% once the reactor stabilizes.
To stake, deposit your gOHM into the reactor at Tokemak.xyz.
