ImmortalDAO Finance — a decentralized reserve currency protocol on the Celo blockchain, based on the IMMO token. Each IMMO token is backed by a basket of assets such as mcUSD, mcEUR and CELO in Immortal's treasury, giving it an intrinsic value below which it cannot fall. Immortal also brings a unique economic and game-theoretic dynamic to the market through staking and bonding.
About ImmortalDAO Finance
The goal of ImmortalDAO Finance — to build a policy controlled currency system, where the behavior of the IMMO token is controlled at a high level by the DAO. The developers believe that, in the long term, this system can help to optimize stability and consistency so that IMMO can function as a global unit of account and medium-of-exchange currency. In the short term, the team intends to optimize the system for growth and wealth creation.
At the moment, there are only two main strategies for investors - staking and bonding:
| 1 | Stakers stake their IMMO tokens in exchange for more IMMO tokens. |
| 2 | Obligators provide liquidity pool (LP) or mcUSD tokens in exchange for discounted IMMO tokens after a fixed vesting period. |
Governance members can participate in the forum and discussions on the Community Discord and DAO servers, respectively. Reserve assets provide the intrinsic value of IMMO tokens and promise that the value of each IMMO token will never fall below the reserve value. Immortal was launched as the first DeFI 2.0 protocol on the Celo blockchain by a team of anonymous developers. KYC and audits were carried out before launch to ensure the security and longevity of the protocol.
Staking and bonding
Stake — Immortal's main value accumulation strategy. Stakers stake their IMMO on the Immortal website to earn rebase rewards. Rebasing rewards come from the proceeds of bond sales and may vary, depending on the number of IMMOs, staked in the protocol, and the fee rate, set by monetary policy.
Bonding — a secondary strategy for accumulating Immortal's value. This allows Immortal to acquire its own liquidity and other reserve assets such as mcUSD by selling IMMO at a discount in exchange for these assets.