ImpDAO — a decentralized investment protocol with reserve currency characteristicsб available on the Fantom networkб based on the IMP token. Each IMP token is backed by a basket of assets (e.g. DAI tokens, IMP-FTM-DAI-MIM LP, gOHM, etc.) in the ImpDAO treasury. This gives it an intrinsic value below which it cannot fall.
The goal — to create a policy-controlled decentralized investment protocol, using the reserve currency characteristics, introduced by OlympusDAO, native to the FTM network, with the IMP token as the central part. ImpDAO is committed to ensuring both prudent monetary policy and the active use of treasury funds for profit for all IMP stakeholders. This system can help to optimize stable returns. The IMP will be able to function similarly to a stake in a traditional investment fund, providing a price increase as well as potentially a dividend. In the short term, ImpDAO intends to optimize the system for treasury growth while minimizing volatility.
Market participants have two main strategies: staking and binding. Stakers stake their IMP tokens in exchange for more IMP tokens, while obligators provide certain non-IMP tokens in exchange for discounted IMP tokens after a fixed vesting period.