Thread by @zignaly

In “Monthly Community Meetup” today, co-founders have announced “Delay in Vesting to Prioritize DAO Governance”🚀🔥

Founding team has decided to delay their unlocking period for another 12 months to Feb’24 🧵

Read more: medium.com/zignaly/zignal…

(2/14) At Zignaly, we prioritize community, and believe in the power of decentralization and transparency. To recall, in Jun’22, we announced our plans to become a DAO and decentralize our protocol🚀

(3/14) Recently, #Zignaly took the StableNode team - formerly of MakerDAO - officially on board as advisors & investors to help build our DAO mechanisms💪
We have secured the commitment of several key individuals who will be instrumental in executing our plans. TBA 🚀🚀

(4/14) The launch of PS 2.0 has been a major achievement for the project, with more features coming soon. By attracting top traders and investors, we have potential to increase our revenue & solidify our position as 1 of the most profitable protocols in market🔥🚀

(5/14) As disclosed earlier, every $1m in TVL makes us $5k/ month. More TVL = more project revenue, & long-term sustainability🎈

The DeFi version will only add to already strong income streams, making Zignaly a force to be reckoned with in the crypto world🎯🚀

(6/14) Historic performance: TVL - $6M, Revenue/month = $30K/month,
And, our 2023 target is $100M, which translates into $500K of revenue for each month!!💪🔥

(7/14) Exciting campaigns are planned for the next three months, attracting more and more users to Zignaly. A greater TVL means more project revenue leading to long-term sustainability🚀🎯

(8/14) Zignaly has a clear goal of hitting $10 Billion in TVL within the next 3 years while improving the revenue per $1M economics by deploying various revenue channels 😎

(9/14) We aim to grow the TVL by targeting professional traders and investors. Plans for ZigDAO, including its thesis and workings, will be shared with our community for feedback 🎯💪

(10/14) Our ultimate aim is to establish the governance of the DAO, allowing the community and ZIG holders to shape the direction of the protocol and the usage of revenue/profits 💪🚀

(11/14) we look to create a DAO model that involves the top industry governance leaders, who are experienced enough to drive the perfect protocol mechanics once the transition is completed.

Zignaly will ensure that ZIG remains at the core of this engagement 💪🎯

(12/14) As per the lockup extension announcement last year, founder tokens are set to vest starting January 2023, linearly for the next 3 years.

However, the founding team has decided to delay the unlocking period for another 12 months😎🚀
medium.com/zignaly/zignal…

(13/14) The first unlock in Feb 2024 will now vest 12 months of tokens together, while remaining will unlock as scheduled over the longer period. By committing their ZIG Coins to the ZIGDAO delegation, founding team is strongly aligned with the protocol's long-term success🚀

(14/14) In weeks to come, we look forward to sharing more information about the DAO creation, DeFi version, and most importantly, the growth of PS 2.0. Stay tuned!! LFG! 🚀🚀