NoahArkDAO builds a decentralized financial infrastructure, belonging to the community to ensure greater stability and transparency in the coin defi world.
Description of the NoahArkDAO
The goal of Noaharkdao - to build a monetary system, controlled by a policy, where the NRK token behavior is controlled at a high DAO level. Developers believe that in the long run, this system can help to optimize stability and consistency so that NRK can function as a global settlement unit and currency exchange. In the short term, the team intends to optimize the system for growing and creating wealth.
The market participants have two main strategies - staking and binding:
| 1 | Stakers place their NRK tokens in exchange for a larger number of NRK token. |
| 2 | While bonds provide LP or DAI tokens in exchange for NRK tokens with a discount after a fixed ending period by rights. |
The main benefit for steaks comes from the growth of the sentence. Protocol mints new NRK tokens from the treasury, most of which are distributed among participants. Thus, profits for steaks will come from their automatically folding balances, although price risk remains an important factor. That is, if the increase in the balance of the tokens is ahead of the potential drop price (due to inflation), the stakes will receive a profit.
Bonds make advance capital and they promise a fixed income at the set point in time. This income is located in NRK, and the profit of the guarantor will depend on the price of the NRK upon the expiration of the bond term. Bonds benefit from the growing or static price NRK.
What is the aim of this project?
Stablecoins with binding to the dollar became an integral part of cryptography due to the lack of volatility, compared to the tokens, such as bitcoin and eth. It is convenient for users to make transactions, using stablecoins, knowing that their purchasing power is the same today and tomorrow. But this is a delusion. The dollar is controlled by the US government and the federal reserve system. This means that the impairment of the dollar also means the depreciation of these stablecoins.
NoahArkDAO seeks to solve this problem by creating a free floating backup currency NRK, a secured basket of assets. Focusing on the growth of suggestions, and not on price growth, NoahArkDAO hopes that NRK will be able to function as a currency capable of keeping its purchasing power regardless of market volatility.