Okay what about an @OlympusDAO fork but we use the treasury to buy land and build a walkable city outside Austin.
(🚶♂️,🚶♀️)
My estimated initial buildout for @CreatorTowns was ~10-15m. This could happen.
If we put the treasury into stablecoin pools with enough yield to cover our debt service everyone who owns at least X tokens could live there for free 🤔
Call it Hohm, obviously
We really haven’t even scratched the surface of what’s possible with DeFi and DAOs
You can get ~10-20% reliable yield on stablecoins.
Say $10m treasury.
You now have $1-2m a year to enhance the lives of DAO members.
Buy farm shares. Coffee. Daycare. Health screenings. Free coworking.
Bulk purchases for reduced costs for everyone.
Commune on steroids.
Structure each Hohm DAO as adhering to certain philosophies as filtering mechanisms.
My Hohm would have lots of subsidies for high quality meat and coffee 😆
You can join and invest in whatever Hohm most aligns with your values.
Your membership level & access to benefits is determined by how much staked Hohm you hold.
At the top you could cover housing, healthcare, tech costs...
Idk just riffing here.
But the possibilities for what you can do with 10-20% yield on large treasuries and some basic DAO tooling is seriously underexplored.
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If someone is curious to learn more about crypto, telling them to read the Bitcoin/Ethereum white paper isn’t a great recommendation.
It’s boring. They’re very unlikely to care about it.
Get them set up earning 7-10% on stablecoins. The technical curiosity will follow.
Three ways you can do this right now (disclaimer: I hold all of these platform's tokens):
SAFEST
1. Get USDC from Coinbase 2. Transfer to @MetaMask 3. Deposit in @AaveAave 4. You are now earning 6.26%. DAI interest is slightly higher if you prefer.
MORE INTERESTING
1. Get DAI from Coinbase 2. Transfer to @MetaMask 3. Deposit in @AlchemixFi 4. Borrow max alUSD (50%) 5. Convert alUSD to DAI on @CurveFinance 6. Back to Coinbase 7. Back to Fiat
Your original amount is earning 6.9%, but 50% is back in cash. Basically 14%.