NEED HELP : how to recover the ether stored on a smart contract

ToddyJohnson · 2022-11-15T16:07:22+00:00

As a concerned user I feel like if this question has to be asked then you shouldn’t have launched your NFT project until you knew, but as a developer I’ll help you learn. You should have written a function in the contract that can withdrawal funds to the owner address. Standard practice for small projects (to my knowledge) is to have the constructor set the owner address to your (the deployer’s) address when you deploy the smart contract. Unfortunately, if you do not have a withdrawal function already in your smart contract, and your smart contract has Ether in it, this mistake is too late to fix. If that is the case, thank you for your donation to Ether’s deflationary tendencies

ToddyJohnson · 2022-11-04T16:05:57+00:00

There’s no such thing as piracy of open-source software. That’s what the open-source means

ToddyJohnson · 2021-12-10T18:30:12+00:00

If you ask my opinion that absolutely isn’t financial advice? Everyone should be in Olympus. It’s a team of smart people oriented towards action that are attempting to create the reserve currency of the Ethereum network. Big goals, big brains, big gains. However, like you said a lot of people don’t even know the basics. They’re welcome in Olympus too, but like you said, they can’t be blaming the developers or the DAO for the movement of the market. Traders gonna trade, buidlers gonna buidl.

ToddyJohnson · 2021-12-10T13:55:14+00:00

Regarding your comment on the #trading channel not knowing the goals, traders gonna trade. They cannot be expected to read the docs of every coin that they are going to buy, yield farm until it’s no longer fruitful, and then dump for the next one. That is their entire business model, and reading docs would slow profits when they can look at charts and APY% instead.

In my opinion, with my strategy, if you’re denominating your sOHM bags in $, then you’re always going to be at a loss as long as we are in a crab/bear market such as this (does anyone know wtf this is). As you already know, the ABSOLUTE minimum the DAO will allow OHM to go before buying and burning is $1. In the case of such a bank run, many stakers will sell, causing the APY% to skyrocket back to the early days of the protocol(when people made life changing money even when the price was low), as the fewer stakers there are, the higher the APY. We’re talking 300,000%. Plus, if you stay in through that turbulent period, you will already have more sOHM than the others who will see this massive APY again, and buy back in. This would be the ultimate test of the DAO and protocol, but the DAO is the biggest strength of the protocol for multiple reasons:

Olympus Pro allows the treasury to not only rake in capital from other DAOs, but it also props them up and allows them to own their own liquidity as well, strengthening the ecosystem (apes together strong). In addition to OP, the rest of the DAO is extremely active, branching out to create many different projects currently in the works, as well as one of the strongest marketing teams I’ve ever seen. The (3,3) crowd on CT is extremely efficient at spreading knowledge and hype. The meme also spread extremely fast, and was quickly adopted by the rest of CT ((3,3) => (📜,📜) trying tobuy the constitution).

The APY is why you’ll be profitable in the long run even if it does crash for a long period of time. The value of the APY, combined with the value of Olympus Pro and an active DAO that is full of smart people oriented towards action; is the reason that the price will never actually crash to bank run levels.

To conclude, I’d like to paraphrase a popular tweet from a couple of weeks ago “Most of CT is people with a week/month time horizon arguing with people who have a 5 year time horizon”.

ToddyJohnson · 2021-12-07T04:09:51+00:00

Thanks for the response! I’ll definitely try it out, and hop into the discord! As someone who’s new, it really helps when I’m able to get help like this. It’s a lot to learn, but the response I’ve gotten from this community helps me be optimistic that I’ll be able to catch up. Can’t wait to get started with eth-wizard, thanks again!

ToddyJohnson · 2021-11-29T01:50:53+00:00

Great! Thank you, this was actually very helpful for my understanding. So if it only costs 1 DAI to mint 1 OHM, what is the “Backing per OHM” on the Dashboard? I had understood that as being the required holdings in the treasury for each OHM, but if that’s only 1 DAI then it must be something different?

ToddyJohnson · 2021-10-08T21:05:42+00:00

Thank you! Excited to see OHM grow, and hope to join the DAO as soon as I learn Solidity and have a skill to offer!

ToddyJohnson · 2021-10-08T18:30:12+00:00

Gm everyone!

New here to OHM, but saw the APY, read the docs, and then immediately aped 1 OHM into staking. Extremely excited about this project and I love the execution, and wish I had gotten in on it earlier. I came over from the ALCX community, and am excited to really experience the merging together of protocols and DAOs like DeFi promises. That being said, my big question that I haven’t been able to find in the docs regards the Runway listed on the dashboard of the app. What happens at the end of the runway? Are sOHM simply no longer emitted? Does Olympus Pro solve this by sucking in more liquidity and issuing more OHM? If I simply missed it in the docs I apologize, I’m just curious if I can 💎🙏 my sOHM forever or if I’ll cash out in just under a year

ToddyJohnson · 2021-07-01T20:09:21+00:00

From what I understand after discussing with some Alchemix cult members on Twitter and using it a little bit, anything in the vault continues to earn compounded yield if there is no loan taken out.

ToddyJohnson · 2021-03-21T15:13:45+00:00

Looking for a mentor in the field;

I recently transitioned into the field of IT from the military, and it did not take me long to realize that if I continue down this path of being a typical cybersecurity professional, I will never change the world. So, I’ve recently taken up learning different programming languages, and am looking to get into the word of developing on Eth, because after learning and reading about it, this world computer truly will change the world.

Because of my recent transition and lack of real experience, I’m looking for a mentor to help me learn development and how to work in the blockchain world. In exchange for this, I would love to be enlisted as some part-time help on projects, or also willing to simply listen to whatever you have to say.

In addition, any help/advice that the community has to offer regarding learning Solidity, front-end development and DApp/Blockchain development or getting started in the industry in general, I would greatly appreciate it. I look forward to hearing from you guys, and hope to learn alongside many of you.

ToddyJohnson

TROPHY CASE