The Rise and Fall of OHM’s (3,3) Strategy: A Cautionary Tale for FriendTech Investors

You’re likely familiar with the buzz around Friend Tech (FT) and its adoption of the (3,3) strategy—a meme originally popularized by OlympusDAO (OHM) enthusiasts. The concept is rooted in game theory: hold your assets, refrain from selling, and theoretically, your gains should multiply. While the allure of easy profits in FT is tempting, it’s worth pausing to consider the lessons learned from OHM’s journey with the same strategy.

The Allure and Pitfalls of (3,3) in OHM

When OHM launched, it promised sky-high returns, and for a while, it delivered. The token emissions were astronomical, leading to APYs that sometimes exceeded 100,000%. You might have been tempted to stake your OHM tokens, lured by the promise of exponential gains. But then the market crashed, and OHM’s value plummeted from $1,300 to a mere $11.

What This Means for Your FriendTech Strategy

Now, you might be thinking, “FT is different.” After all, the (3,3) strategy in FT involves “swap buys,” where you buy someone’s key, and they buy yours. It’s a fun, meme-centric approach, but it’s crucial to remember that the core idea—holding and not selling—is the same.

Why Caution is Your Best Friend

You’re smart; you know that past performance is not indicative of future results. But history often rhymes, and the (3,3) meme’s resurgence in FT should give you pause. Just like in OHM, the strategy relies on everyone playing nice, holding their tokens, and not cashing out. But can you trust everyone to do that?

The Human Element in Friend Tech’s (3,3)

The (3,3) strategy in OHM overlooked one crucial factor: human nature. People are unpredictable, and when the market turns sour, many will sell, causing a domino effect. As you consider adopting the (3,3) strategy in FT, ask yourself: are you prepared for the human element? Can you afford to hold when others might be selling?

The Bottom Line: Tread Carefully

As you navigate the exciting world of Friend Tech, the allure of the (3,3) meme will be hard to resist. But remember, while FT is not OHM, the core principles of the (3,3) strategy remain the same. So, before you dive in, take a moment to consider the lessons from OHM’s rise and fall. After all, caution today can save you from a calamitous crash tomorrow.

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Rahul Nambiampurath
Rahul Nambiampurath

Rahul Nambiampurath's cryptocurrency journey first began in 2014 when he stumbled upon Satoshi's Bitcoin whitepaper. With a bachelor's degree in Commerce and an MBA in Finance from Sikkim Manipal University, he was among the few that first recognized the sheer untapped potential of decentralized technologies. Since then, he has helped DeFi platforms like Balancer and Sidus Heroes — a web3 metaverse — as well as CEXs like Bitso (Mexico's biggest) and Overbit to reach new heights with his media outreach skills and digital marketing maneuvers. For the past six years, he has also covered major crypto events for leading publications, with expertise spanning DeFi, DAOs, NFTs, and everything decentralized.

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