OtherDAO

OtherDAO

OTHR
$0.153232462

Key Metrics

Price$0.153232462
Real Volume (24H)$0
MarketcapN/A
Fully Diluted Valuation$152,917
ATH$2.96
ATH Date6/4/2022, 12:54:32 PM
ATL$0.059981
ATL Date11/12/2022, 6:28:03 PM
Circulating SupplyN/A
Total Supply1M
WebsiteN/A
WhitepaperN/A
Popularity Rank13230
Chart
What is OtherDAO?


OtherDAO is a community-owned and decentralized protocol that leverages the $OTHR token to govern its operations. Unlike other DeFi platforms that rely on native-currency inflation to incentivize protocol participation, OtherDAO's revenue model is price-agnostic and based on an in-house yield maximization strategy.

The platform introduces a new concept of sustainable incentivization through its NFT-based liquidity provisioning algorithm. By utilizing Otherdeeds, OtherDAO produces sustainable and reliable $USDC yield, effectively introducing the idea of a yield-backed governance token. This model creates a competitive price-floor, allowing individuals to value the token based on its perpetual yield, which is not affected by the price of $OTHR.

OtherDAO's NFT-based liquidity provisioning algorithm generates yield in a sustainable and uncorrelated manner, and the platform is backed by a static peg maintained through a portion of treasury assets. To build its treasury, OtherDAO introduces bonding, where users can inject funds into the treasury in return for discounted and vested $OTHR. This creates a system of perpetually-increasing yield through the platform's bonding mechanism.

OtherDAO's sustainable inflation and perpetually-increasing yields make it a unique platform in the DeFi space. The freshly-minted $OTHR through bonding will balance the APR to its value before bonding due to the increase in treasury assets, resulting in a net-zero APR delta. If the freshly-minted $OTHR is not staked, there will be a positive APR delta.

In conclusion, OtherDAO's price-agnostic revenue model and sustainable incentivization mechanism make it an attractive platform for those seeking reliable and consistent yields. Its innovative approach to governance and bonding sets it apart from other DeFi platforms, introducing a new concept of sustainable inflation and perpetually-increasing yields to the DeFi space.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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