Olympus Dao introduced 1000+% APY through rebasing and many projects have copied the model. 

This does not affect the value of the project, but rather that you have to lock it up to maintain the relative value of your ownership.

This concept confuses a lot of people and resulted in Redacted Cartel crashing in price when they removed this rebasing function despite it not reducing the value of the project. 

In this episode, I explain what the rebasing function is and how it works. 

http://redactedcartel.xyz/

What I cover:

00:00 Intro

02:08 Birthday cake analogy

07:00 Inflation

12:04 Concept of treasury

17:58 Concept of rebasing 

21:08 Why I like Redacted Cartel

23:46 What I don't like about rebasing

28:11 Crypto treasury management

29:46 Final thoughts

31:34 Outro

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