AtreidesDAO — a protocol that issues and manages a fully collateralized, algorithmic, profitable, free-floating stable asset, the SPICE token.
Key features of DeFi AtreidesDAO
AtreidesDAO — a fork of OlympusDAO on Emerald, the official EVM compatible ParaTime of the Oasis protocol. The mission - to drive and amplify the growth of the emerging Oasis Protocol DeFi ecosystem to bring more value to the community.
The main features of the coin defi project:
| 1 | The long-term goal of the reserve currency protocol - to increase its treasury in order to maintain the income, provided to its stakers. |
| 2 | In the beginning, most of the profits will come from the sale of coins. Later, the protocol must diversify its source of income in order for the profitability to be sustainable. |
Historically, these new sources of returns arise either by lending excess reserve through protocols like Aave, or by investing in other protocols and expecting a return.
This is great for the AtreideDAO treasury. Since, a stable income is available, which further increases and increases the treasury, and liquidity benefits the entire Oasis ecosystem. These returns are also virtually risk-free, as the treasury is still held in the stablecoin, and the stablecoin's liquidity suffers very little from intermittent losses. Another advantage is that this is a source of income that is already available, and there is no need to wait for the launch of the lending protocol at Emerald ParaTime.
The future of this defi app
To sum up, we plan to introduce a veSPICE-based calibration mechanism, obtained by locking the SPICE token for a period. This indicator will determine the specific allocation of a portion of our excess reserve. This gives the SPICE token strong utility and increases buying pressure.
All details and implementation projects are still in the research and development stage, so big changes can be made. The team is actively designing these features, but none of them are finalized and they are not the current focus of our development resource. The current focus is purely on building a strong and healthy treasury, which is a requirement anyway to make the Space Guild useful in the future. The purpose of this post was to give our community some insight into one of the long-term goals of AtreidesDAO so that everyone can understand the potential of the protocol.