We say Spiral DAO was designed to be the most efficient DAO in the space. π
π This is a thread where we'll dive deeper into our vision, use cases, and prospects for future DAO development.
Higher yields, always growing yields, and maintaining exposure to the DeFi blue-chip basket will make #SPR the preferred choice for users seeking yield in the form of tokens.
The more users βββ the higher the backing of SPR and the bigger the Treasury is.
π Bribes Market Irrationality
By leveraging bribes arbitrage, Spiral DAO achieves higher yields for the ecosystem and gains access to discounted tokens while also keeping the necessary exposure without any sell pressure. This leads to an additional yield of ~$3β6mln annually.
π Cartel of Buyers
By utilizing irrationally low demand for some features and getting special discounts and fees as a DAO we can achieve better terms and more yield than any individual on their own. This efficiency benefits the entire DAO.
πΈ Rates Arbitrage
Spiral DAO can capitalize on its relatively small Treasury size to secure higher yields than larger capital. Access to "cheaper" capital through Borrow/Loan or CDP protocols allows users to leverage loans and generate higher effective APRs.
β‘οΈ BoostAggregator (Convex over Convex)
Only ~50% of veCRV are properly utilized for boost farming. By creating a veCRV boosts aggregator, Spiral DAO could unlock the potential of veTokenomics, leading to a more decentralized ecosystem and reducing the diminishing of rewards.
π€ Liquidity Partnerships
By partnering with protocols that use their native tokens primarily for acquiring liquidity, we create win-win situations that lead to more value acquisition and yield.
Spiral DAO's innovative use cases and strategies aim to redefine the world of DeFi. By working together, we can create a brighter, more efficient, and decentralized financial future. Join us and be a part of the revolution! π
During The Initial Treasury Offering, Spiral DAO aims to acquire $7mln worth of tokens and bootstrap its Treasury employing an overflow model.
Let's break this down in more detailπ
Overflow model:
- If $100mln is raised instead of $5mln, participants receive 95% in the committed tokens and the remaining 5% in COIL tokens.
- If $2.5mln out of the $5mln target is raised, $2.5mln worth of COIL is sold to committers, and the rest is burned.
To capture the market share Spiral DAO has designed a new staking model that utilizes mechanisms similar to bonding and achieves the highest yields on the marketπ₯
How do we do it? π
π 1. In Spiral DAO, we believe that the one who controls inflation β controls everything. This is why it is important for us to absorb new tokens the moment they are minted instead of using classic crypto bonds for token acquisition.
Our novel DAO model aims to optimize the bribe market and reduce inflationary pressures. With a two-token structure and savvy use of market inefficiencies, we're poised to be a foundation stone in DeFi 2.0.
Spiral DAO works similarly to a yield aggregator. However, a key difference is that instead of immediately selling the rewards, it collects all rewards into the Treasury and distributes its native token, COIL, with an additional yield on top.
Two-token structure + POL (Protocol Owned Liquidity) π₯
COIL is a native DAO token, which can be staked for high APY. Staked COIL becomes SPR β a token with voting power and Treasury ownage. $SPR tokens are designed to be backed by more tokens over time, avoiding inflation.