Why I Wrap My MEMO & OHM (Position Strategy)

In this video I explain to you the reasons why you might want to consider wrapping your TIME Wonderland MEMO and OlympusDAO OHM. I mainly use TIME Wonderland, MEMO, and wMEMO as an example in this video, but these ideas apply to other self-appreciating assets including OHM. It would also apply to other DAOs such as KlimaDAO for example, if a wrapped version of sKlima ever becomes available. Finally, at the end of the video, I explain my strategy with these tokens, so be sure to stay until the very end.



Abracadabra:
https://abracadabra.money/stand

OlympusDAO:
https://app.olympusdao.finance/#/dashboard
https://docs.olympusdao.finance/main/contracts/tokens

KlimaDAO:
https://www.klimadao.finance/

Coinpanda:
https://coinpanda.io/blog/cryptocurrency-staking-taxes/
https://coinpanda.io/pricing/

1040 Tax Form:
https://news.bitcoin.com/irs-prioritizes-cryptocurrency-first-question-on-1040-tax-form/

IRS Cryptocurrency FAQ:
https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

TIME Wonderland:
https://app.wonderland.money/#/stake
https://app.wonderland.money/#/dashboard

wMEMO Contract:
https://docs.wonderland.money/ecosystem/contracts#wmemo

Stock Taxes:
https://www.nerdwallet.com/article/taxes/taxes-on-stocks

Traderjoexyz:
https://traderjoexyz.com/#/trade

Elon Musk:
https://thehill.com/changing-america/respect/equality/558352-elon-musk-explains-his-extremely-low-tax-rate

YieldYak:
https://yieldyak.com/farms

HotBit:
https://www.hotbit.io/register?ref=2929465

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