Billionaire entrepreneur Mark Cuban is accumulating a brand new decentralized finance (DeFi) asset.
A dive into one among Cuban’s publicly recognized Ethereum wallets exhibits the Shark Tank star added 75 Olympus (OHM) to his portfolio on Saturday.
This specific pockets grew to become public when Cuban confirmed off his non-fungible token (NFT) portfolio on his crypto collectible platform, Lazy.
OHM is the native token of OlympusDAO. The challenge is trying to create a decentralized, algorithmic reserve foreign money that maintains its buying energy over time with out using any pegs to fiat foreign money.
The crypto asset launched in March and hit an all-time excessive of $1,479 one month later, earlier than the crypto market downturn in Could. Since hitting a Could low of $164, OHM has rebounded and is now buying and selling at $558.99 at time of writing.
The wallet that holds Cuban’s staked OHM has 93 different ERC20 tokens as nicely. A lot of the pockets’s worth comes from Ethereum-based utility coin International Messaging Token (GMT) and RARI. RARI is the governance asset of non-fungible token (NFT) market Rarible.
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