# What to do with gOHM

### What I am currently doing with my OHM

**Background: OHM DAO move from sOHM to gOHM**

OHM had a very confusing migration to a new contract. I won’t go into the details because it honestly doesn’t matter for mechanics, but the reason they did it boils down to better contract safety and cross-chain ability. The outcome is that sOHM is no longer the default of staked OHM - it is now gOHM.

**Context: gOHM difference**

The significant difference is that sOHM was 1:1 for how much OHM could be swapped out. And every epoch that your OHM increased, your holdings of sOHM increased.

gOHM is not 1:1; it is a consistent number no matter how man. Meaning that no matter how much your staked OHM grow epochs staking has gone through. gOHM will not change its number. **BUT YOUR OHM POSITION IS STILL GROWING IF YOU HAVE gOHM!**

# Analysis: **Calculating your OHM:**

In order to calculate your OHM, you can’t look at your wallet anymore to see. It requires you to either check on the staking part of the OHM App or multiply your gOHM by the current index for OHM.

For simplicity, we will assume you have converted your sOHM to gOHM, and it came out to be exactly 1 gOHM. That 1 gOHM represents 57.30 Current Index * 1 gOHM = 57.30 OHM. So you have 57.30. Then in 8 hours, when the Index increases (let’s say 57.45), you will have 57.45 OHM.

**Calculations: Checking my Logic:**

$298.67*57.30 = $17,113.79 per gOHM (yes, I get that it is off by ~$2 by the gOHM price advertised in the picture, but I suspect it is just rounding off the OHM price, the gOHM price, and the Current Index)

**Conclusion:**

I find it beneficial to put gOHM into farms where it can autocompound and make more OHM for me in the long run (I plan on holding a portion of my OHM in farms for 6 months to combat Impermanet Loss)

**What I am Doing:**

I converted my sOHM to gOHM during the first week of gOHM

I bridged my gOHM to the AVAX chain

I’m DCA a portion of my gOHM (roughly 1% at this point) to the Trader Joes Liquidity Pool for gOHM/AVAX where it is approximately 15% APR

`https://traderjoexyz.com/#/pool/0x321e7092a180bb43555132ec53aaa65a5bf84251/AVAX`

Took my JLP (proof of liquidity pool token) and added it to Beefy where it autocompounds at roughly 90% APR

`https://app.beefy.finance/#/avax`

**Why I am Doing It:**

Over the long term - liquidity pool/farming, you do not run into Imperament Loss. I plan on holding the gOHM in these pools for a very long time and letting them compound. So I am not worried about Imperament Loss.

### Example:

Next - this is a way to increase my OHM position. For the sake of estimation, here is an example to show how you can increase your OHM position by farming.

we put in 1 gOHM into the pool/autocompounder.

we leave 1 gOHM out of the pool autocompunder.

Assume the combo of pool/farming does stay around ~100% APR.

Assume that the OHM Index is 100 one year from now.

For the 1 gOHM we put in the pool at 100% APR, it should now be 2 gOHM. 2 gOHM at 100 Index is equal to 2*100=200 OHM.

For the 1 gOHM we did not put in the pool, it is still 1 gOHM. 1 gOHM at 100 Index is equal to 1*100 = 100 OHM.

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