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Wrapped Staked Olympus price

Wrapped Staked Olympus priceWSOHM

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The price of this coin has not been updated or has stopped updating. The information on this page is for reference only. You can view the listed coins on the Bitget spot markets.
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Price of Wrapped Staked Olympus today

The live price of Wrapped Staked Olympus is $0.00 per (WSOHM / USD) today with a current market cap of $0.00 USD. The 24-hour trading volume is $0.00 USD. WSOHM to USD price is updated in real time. Wrapped Staked Olympus is 0.00% in the last 24 hours. It has a circulating supply of 0 .

What is the highest price of WSOHM?

WSOHM has an all-time high (ATH) of $60,750.22, recorded on 2021-11-16.

What is the lowest price of WSOHM?

WSOHM has an all-time low (ATL) of $1,122.15, recorded on 2022-10-07.
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Wrapped Staked Olympus price prediction

What will the price of WSOHM be in 2025?

Based on WSOHM's historical price performance prediction model, the price of WSOHM is projected to reach $2,166.38 in 2025.

What will the price of WSOHM be in 2030?

In 2030, the WSOHM price is expected to change by -20.00%. By the end of 2030, the WSOHM price is projected to reach $3,572.38, with a cumulative ROI of +357237.99%.

Wrapped Staked Olympus market information

Market cap
--
0.00%
Circulating supply
0 WSOHM
Total supply / Max supply
64.9 WSOHM
64 WSOHM
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Wrapped Staked Olympus ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Wrapped Staked Olympus (WSOHM)

Wrapped Staked Olympus Token: A Model of Decentralized Finance

The advent of blockchain">blockchain technology has spurred unprecedented innovation in the realm of finance. Among the concepts that have blossomed within the financial sector of the crypto world is Wrapped Staked Olympus, a token embodying the idea of decentralized finance. By understanding the implications, functioning and benefits of this token, we can gain deep insights into the new paradigm finance is evolving into. This article aims to demystify Wrapped Staked Olympus for the layman and demonstrate its significance in the world of DeFi.

What is Wrapped Staked Olympus?

Wrapped Staked Olympus, or wsOHM, is a derivative token of the Olympus DAO's native token OHM. The term ‘wrapped’ in its name represents a method on the Ethereum blockchain to hold tokens from another blockchain by creating a sort of equivalence between the different tokens. This allows the Wrapped Staked Olympus token to leverage the advantages of the Ethereum blockchain, such as executing smart contracts.

On the other hand, ‘staked’ refers to a mechanism that allows users to lock their tokens as a kind of investment in the system in return for rewards. Hence, wsOHM is effectively a version of the OHM token that is tied to Ethereum and incentivizes its holders by offering rewards based on the staked amount.

The Functioning and Advantages of wsOHM

The way wsOHM works is straightforward: users provide Olympus DAO with OHM tokens, which then get staked. In return, the users receive wsOHM tokens. These tokens are then utilized in various ways within the Olympus ecosystem and beyond.

Wrapping the staked OHM into wsOHM allows users to remain part of the Olympus DAO's staking system while giving them a tradable asset without having to undo their stake. This makes their investment more liquid and flexible. Meanwhile, the holder continues to earn rewards from the staked OHM.

One defining advantage comes from wsOHM being a yield-bearing asset. Its value doesn't stay stagnant but grows over time as the Olympus Protocol adds more OHM to the token reserves. This represents a form of passive income for the holder.

Moreover, wsOHM allows holders to participate in DeFi activities, such as yield farming and lending, because the token is well-integrated with other protocols in the decentralized finance space.

The Bigger Picture – Decentralized Finance

Wrapped Staked Olympus serves as an exemplar of how decentralized finance operates. Unlike traditional finance where intermediaries and centralized entities remain in control, DeFi cuts out the middleman, enabling peer-to-peer interactions powered by blockchain.

wsOHM embodies this system, offering flexibility and freedom that is unheard of in traditional financial systems. It underscores the potential that DeFi has in reinventing global finances. The yield-bearing capabilities, unwavering transparency, and unparalleled security that wsOHM presents make it a strong case for broader adoption of DeFi models.

In conclusion, as a symbol of decentralized finance and a harbinger of an alternative financial system, Wrapped Staked Olympus is a unique attempt at rewriting the rules of finance. Its functionality, features, and philosophy offer a sneak peek into the limitless possibilities offered by blockchain technology and decentralized finance.

How to buy Wrapped Staked Olympus(WSOHM)

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FAQ

What is the current price of Wrapped Staked Olympus?

The live price of Wrapped Staked Olympus is $0 per (WSOHM/USD) with a current market cap of $0 USD. Wrapped Staked Olympus's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Wrapped Staked Olympus's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Wrapped Staked Olympus?

Over the last 24 hours, the trading volume of Wrapped Staked Olympus is $0.00.

What is the all-time high of Wrapped Staked Olympus?

The all-time high of Wrapped Staked Olympus is $60,750.22. This all-time high is highest price for Wrapped Staked Olympus since it was launched.

Can I buy Wrapped Staked Olympus on Bitget?

Yes, Wrapped Staked Olympus is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Wrapped Staked Olympus?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Wrapped Staked Olympus with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Wrapped Staked Olympus (WSOHM)?

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WSOHM resources

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Links
Wrapped Staked Olympus WebsiteWrapped Staked Olympus WhitepaperWrapped Staked Olympus TwitterWrapped Staked Olympus Github

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