Details about Wrapped Staked Olympus cryptocurrency
€1,617
5.937
Unknown
https://www.olympusdao.finance/
@OlympusDAO
Wrapped Staked Olympus price charts
WSOHM exchanges
Wrapped Staked Olympus, the crypto
Wrapped Staked Olympus (WSOHM) is a token that represents a share in the staking rewards of the Olympus (OHM) cryptocurrency. Its value is derived from the amount of OHM rewards that are generated by a particular amount of staked OHM.
The point
The main point of Wrapped Staked Olympus (WSOHM) is to provide users with a way to trade and hold staked Olympus (OHM) while still being able to participate in the broader DeFi ecosystem. It allows holders to earn staking rewards on their OHM without having to commit to a long-term stake, offering greater liquidity and flexibility.
The problem
One problem that Wrapped Staked Olympus (WSOHM) tries to solve is the lack of liquidity for staked cryptocurrencies. Staking rewards can be locked up for long periods of time, making it difficult for users to trade in and out of positions. By providing a way to trade and hold staked OHM, Wrapped Staked Olympus (WSOHM) aims to make staking rewards more accessible to a wider range of users.
Compare WSOHM and BTC performance
| Timeframe | WSOHM | BTC |
|---|---|---|
| 1h change | 0 % | -0.234911 % |
| 24h change | 0 % | 1.25967 % |
| 7 day change | 0 % | -1.44157 % |
| 14 day change | 0 % | -9.47799 % |
| 30 day change | 0 % | -7.33786 % |
| 200 day change | -34.8 % | 129.168 % |
| Year change | 0 % | 129.33 % |