Rebasing Protocols Explained; Safe 7,000% APY or Scam? Olympus Dao, Wonderland, etc
Hi, legends, Riley James here. Let's take a look at something that is absolutely crazy in the crypto world. And its rebasing protocols and rebasing platforms. This is like a limp us stout Jade Dow. How do these platforms print and give you an 800000% APY? How do they do that? There's how could it possibly be sustainable in any way, shape, or form? Because they're literally just printing money. How do they do it? We're going to dive into the mechanics of this, so make sure to stick around, and then you can decide if you trust these protocols at all because they are really quite genius. And I have spent a lot of time diving into these things. Now, this is just my opinion. I'm in no way, shape, or form a financial advisor, do your own research. And I'm sure there are some things I'm missing here, but this is absolutely crazy. So for those of you who don't know, Olympus Dao is like a reserve currency.