Most @OlympusDAO members sit at the pinnacle of Maslow's hierarchy of human needs. This creates a virtuous cycle attracting best talent to ship the best product and 🔂 Never before seen in history, I believe we'll be the first DAO to rival Google/Amazon's legacy and productivity
Maslow categorizes human motivation into 5 stages starting with physical survival, transitioning to psychological safety and ending with vision-driven narratives.
In traditional knowledge work, employees organize around a mission. Majority seek belonging with coworkers. Motivation to get out of bed is driven by privilege to work and socialize with your coworkers.
Driven individuals take this to the next level as they seek recognition and get a high from pushing a big feature or launching a new product. It’s not the pay that drives them but rather the ability to say “I launched that”
The pinnacle of human motivation is self-actualization. Power and fame take backstage; motivation is to be the master of one’s craft/specialty. Achieving the true potential you were born to achieve.
@OlympusDAO members are practitioners of the self-actualization stage. They see a vision of a new economy and the contributor DAO as a catalyst for them to apply their skill potential. They want to be able to tell their grandkids that *they* built the Decentral Bank of DeFi.
So how did we get here?
Revolutionary idea attracted smart people 👇
Engaged community retained them
DAO gave a way to convert passion into productive work
Anonymity filtered out clout chasers
Kickass product releases brings in smart people 👆
OlympusDAO bootstrapped liquidity thanks to degen APY and the DAO bootstrapped a community of smart contributors thanks to a gigabrain community and potential. We now have a virtuous cycle of “talent acquisition”...
… wherein talent scarcity means talent gravitates to the orgs with best vision, product and business model. Talented contributors push each other to self-actualize, shipping amazing product that’s doesn’t go unnoticed by the best. Cycle repeats.
We don’t have power-hungry founders, we don’t do interviews, we minimize hierarchy, we give autonomy to community and we believe in meritocracy. We believe this is working now but are willing to be wrong and adjust accordingly.
I value openness to bring up and debate new ideas without ridicule. 100x growth requires innovation and contrarian thinking. That’s why Google is so successful and that’s why OlympusDAO has a fighting chance to become the first ever DAO to reach the echelon of human productivity
If you want to reach your full potential and help build a global, decentralized and community-run economy, join the revolution here:
In <3 weeks, @olympusDAO grew their protocol-owned value to $9.4M. But it really took off with launch of Sales/Bonds, growing from $1.3M to $9.4M (+723%) in 2 wks Tomorrow, they're launching the next iteration of Bonds to supercharge that growth. Let's explore the implications:
Today, treasury contract holds 214K DAI and 4.75 OHM-DAI SLP. This is 58% of all liquidity (presently at $15.9M) so the treasury holds $214K + $9.2M = $9.4M. Impressive but concerning that most of it is in $OHM, a early-stage volatile token.
To be honest with ourselves, we must consider the risk-free value of the pool. With DAI backing, that value is $1. Since SLP uses the typical x*y=k AMM bonding curve and each OHM is backed by DAI, the two token supply equal and we get 2*sqrt(k) as the risk-free value of the pool