PrimeDAO's role in the DAO ecosystem, and what it means for #D2D holders.
tl;dr: a metaDAO token that shares the value of the DAO ecology emerging from Prime's infrastructure 🕸️ launch.prime.xyz/lbp/0xD6f3AcA3…
A thread journey…
1/11 🧵
In an ecosystem where DAOs govern protocols and assets with high plasticity and composability, there is an inherent desire for more interconnectedness. DAOs want to communicate, coordinate and collaborate with one another-
No DAO seeks to be an isolated island.
2/11
As DAOs continue to multiply, the demand for scope and variety of D2D interactions grows exponentially.
However, trustless infrastructure that can facilitate a flourishing permutation space for the DAO ecosystem is not here..
3/11
Prime arises as a cluster of experienced builders focused on enabling the growth of this ecosystem. Launchpad, co-governed liquidity, D2D deals, and public goods.
Prime tools serve DAOs across all phases of their life cycle from fledgling DAO to coordination machine.
4/11
The ecology that emerges between the infrastructural tooling Prime provides and DAOs that utilize them to unleash more value and creativity is a symbiotic relationship: Prime will prosper alongside the DAOs that leverage the new functionalities it enables.
5/11
This symbiotic relationship is our DNA: $D2D captures value of the DAO ecosystem it facilitates.
#D2D is a metaDAO token that holds a stake in every DAO that 1) interacts with Prime tools and 2) co-builds with Prime
6/11
The Prime products have a fee-switch that can be activated once they achieve a level of adoption by DAOs. Fees will be collected in the native tokens of participating DAOs ,a % of which will flow to #D2D token holders. What will this mean for Prime and #D2D holders is
7/11
Prime will gain a stake in DAOs from all shapes and sizes. DAOs forming on Prime’s architecture and actively engaging with the networks of value will use #D2D as their language.
#D2D token holders will be passively accumulating exposure to the DAO ecosystem as a whole.
8/11
Prime will be bonded to the DAOs that inhabit its ecology
Prime will tap into its bonds to further co-govern & co-build with our partner DAOs:
1/ DAOs can now address their growing pains by exchanging and trading with each other, co-funding initiatives that drive mutual prosperity according to their respective comparative advantage - all on a single interface!
2/ With #PrimeDeals; DAOs will have a seamless way of coordinating with other aligned DAOs on shared infrastructure, features, and initiatives. 🤝
1. The Liquid Launch LBP method of Prime Launch has been selected to prevent gas wars and inorganic price discovery. The mechanics reduces FOMO and allow for a balanced distribution of tokens among holders.
2. Price starts high and keeps going down until the market decides it’s time to acquire $D2D - an evaluation we all have to make for ourselves and our analysis of the D2D Thesis:
3. USDC will result in the best price, but other coins can be used - Launch is integrated with balancer. Which, of course, means you can just swap directly using the balancer swap interface - results are the same!
1. The moment is finally here! Prime Launch dApp is now live! 🚀
We started this journey in Q2 2021 together with @BalancerLabs to create the most accessible and effective DAO launch experience - and we made it happen.
3. Seed Launch simplifies token launches by providing a clean interface for fixed seed offerings, where a project token is offered at some fixed rate for a funding token, such as a stablecoin with a customizable vesting period for different stakeholders.