Have you followed my posts about the OlympusDAO fork experiment that we are doing in the IP Address Guide? It has now been running for four weeks and it is even more interesting than we expected, even though the numbers are way more negative than we expected. What does this mean?
Since the start, we have had to change three of the projects participating in the experiment. Why?
- TaiChi rugged last week, so that was a game over for them.
- SnowbankDAO changed their platform and stopped with rebase rewards... bye bye!
- Jade just ruined it all (and they still are), and they have no more rebase rewards... bye bye!
But, that doesn't mean that the number of projects in the experiment has decreased. Instead, we have swapped the three projects with three others, just as interesting, in fact, even more interesting projects.
- OlympusDAO (the mother of all the forks).
- MetaversePro (a fork running on Binance Smart Chain)
- MagnetDAO (a fork running on Avalanche)
I have got to say that I am bit worried about MagnetDAO, but I do hope it will survive. Metaverse has been around for a while, and that makes me hope that it will stay around for a while longer.
What happened last week?
Almost since the start, Wonderland has been the best part of the investment and it has been surfing around the value of the initial investment, that is around $1000. But, the last week was tough also for Wonderland, meaning that it dropped in value quite a bit. The strongest results last week came from HectorDAO (who is very close to $1000 in value), but besides that, SpartacusDAO, EuphoriaMoney, and PapaDAO also had good results and increased more than 20% in value. It should, however, be remembered that these had original investments of $1000, and they have since then dropped to $300 and around that level, so even though they experienced an increase in value, they are all below $500, meaning that they are far below both Wonderland, HectorDAO, OlympusDAO, and KlimaDAO.
- Do you want to see the full results for week 4 of the experiment?
- Here you can find the full information about the experiment and the protocols included.
I hope you are enjoying these weekly reports and that you follow them. Have you invested in any of these rebase tokens? Which is your favorite? Which do you have faith in long-term more than the others? I would love to hear your thoughts and comments!