Why Euphoria (WAGMI) is the hottest project on HARMONY and how you can earn THE BEST APY on HARMONY!

Euphoria (WAGMI) is the first OHM Fork on Harmony ONE Blockchain with a fair launch from the reputed VenomDAO team. The article covers how to BUY and stake WAGMI on the Harmony one Blockchain.

With the introduction of ViperSwap in March of 2021, the VenomDAO team was virtually the first DeFi project to debut on Harmony, and pretty much kicked off DeFi on Harmony Ecosystem.

• They were the very first DEX & HRC-20 token to get listed on CoinGecko

• They were the very first DEX & HRC-20 token to get listed on CoinMarketCap

• They were the very first Harmony project to get listed on a centralized exchange

With the numerous amounts of OlympusDAO (OHM) forks and Protocol Owned Liquidity(POL) services growing in each chain, the team has stealth launched Euphoria (WAGMI) on the Harmony ONE Blockchain.

                  🤝 We’re All Gonna Make It🤝

What is Euphoria?

Euphoria is an algorithmic reserve currency protocol that will initially start out as a fork of OHM & Wonderland. It is by no means an “OHM killer” or a direct competitor to it or Wonderland.

They plan to integrate ViperSwap and Euphoria to close the gap between DeFi 1.0's liquidity mining techniques and DeFi 2.0's protocol-owned liquidity mechanisms.

If you missed out on the benefits of early entry into OHM and Wonderland, as well as the game theory implementation by early adopters of the POL DAOs, WAGMI now offers you the chance to participate in the Harmony ONE environment, where gas costs are a fraction of those of Ethereum.

What is behind OHM and Wonderland? Is it a Ponzi?

Read this tweet if you are absolutely hearing about OHM for the first time.

bork.eth @bork_eth

You keep hearing about $OHM, but you can't wrap your head around it. Is it a ponzi? Is it a scam? Will it make you rich or poor? If this sounds like you, then read this 🧵, fren. 0/n

Now that’s covered, time to go back to Euphoria (WAGMI) which brings you the OHM and Wonderland principles on the Harmony ONE blockchain. The coin has just been listed on Coingecko with a price comparable to the launch of Wonderland (TIME)

With a starting circulation of 33,333 tokens, The WAGMI token is backed with DAI for 2:1.

VenomDAO has launched Euphoria in a far more fair manner than other forks simply because it is already a well-established DAO on Harmony with a well-established treasury.

The team did not implement an unfair whitelisting method that could result in Discord insiders and/or VCs with backdoor deals dumping on the open market.

The buyers didn't have to go through a million hoops, complete a slew of mundane activities, or rely on Discord admins to get a seat on the whitelist; on Euphoria (WAGMI), everyone was allowed to join — with equal chance.

How to Buy & Stake Euphoria (WAGMI)

1. Deposit Harmony (ONE) tokens to your Metamask

Download Metamask and add Harmony chain to your Metamask to generate your Harmony ONE adresss.

Here is a list of CEX where you can purchase Harmony One and withdraw to your Metamask:

Binance US Binance Ascendex Huobi Kucoin CoinDCX WazirX MXC Gate IO Crypto.Com

Remember: Your metamask address will be in the 0x format and your will need to visit the harmony explorer to view the corresponding ONE wallet address.

If you are having DAI in the Ethereum, Binance Smart Chain, or other chains, you can use the Official Harmony Bridge to Deposit your tokens.

Here are a few tutorial to help you understand better:

Once you have ONE tokens in your wallet, it is now time for you to purchase WAGMI. To buy WAGMI, currently you can only do it with DAI. So you will need to convert your ONE tokens to DAI

2. Convert ONE to DAI

The VenomDAO team recommends getting DAI from the following sources:

• Swap USDC and/or USDT for DAI on Curve (~$3,611,700 DAI available)

• Swap assets for DAI on SushiSwap (swapping 1ETH for DAI is your best option here — ~$2,138,000 DAI available)

• Bridge DAI from Ethereum to Harmony using Harmony’s bridge

Make sure to leave some Harmony for covering your gas costs.

Once you have your DAI you’re now ready to purchase WAGMI.

3. Purchase Euphoria WAGMI with DAI

WAGMI is purchased on ViperSwap.

Use this link to automatically configure the UI to trade DAI for WAGMI.

Stake your WAGMI and earn 8000% APY

Now that you have successfully purchased WAGMI tokens, you can head on over to the Euphoria website’s stake page and deposit the WAGMI tokens and start earning! (🤝, 🤝)

Useful resources:

Join VenomDAO telegram

Join WAGMI telegram

Join VenomDAO Discord

Twitter

Medium

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