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Today I've taken a look at @SpiderDAO, a fair and resilient hardware-based DAO governance model that aims to bring a new standard of fairness to existing DAO frameworks. $SPDR #DeFi
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First, what's a DAO? -> an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO's financial transaction record and program rules are maintained on a blockchain
Current DAO frameworks have several shortcomings:
1. Plutocracies
2. The Rise of Dark DAOs
3. Exploitable Governance
1. Plutocracies
2. The Rise of Dark DAOs
3. Exploitable Governance
Key here is obviously the vote controlling; "He who controls the votes, controls the DAO and hence directs the future of the project". Whalevoting is a major issue for about any #DeFi project out there, especially since the marketcaps and liquidity are low. Doesn't take much...
SpiderDAO looks to solve this issue by introducing a dual-governance model that bundles hardware & software tools with on-chain elements, providing a âwhale resistantâ governance solution.
SpiderDAO is underpinned by a decentralised consensus mechanism and will utilise a network of hardware routers deployed by DAO participants as a âticketâ for election voting. They are
Token Utility $SPDR:
1. Eligibility for DAO Voting Rights; One Router = One Vote, Tamper-resistant model
2. Liquidity as Utility Model; Access to SPDR Utility via Select LP Tokens: Liquidity = Utility
3. Free VPN for Liquidity Providers
1. Eligibility for DAO Voting Rights; One Router = One Vote, Tamper-resistant model
2. Liquidity as Utility Model; Access to SPDR Utility via Select LP Tokens: Liquidity = Utility
3. Free VPN for Liquidity Providers
SpiderDAO will have a fundraiser soon. Each participant contributing $2k+ will receive a complementary router. The Spider Virtual Private Network will be the veins of the operation interlinking all of the relevant components and ensuring that all the community is safe and secure.
Roadmap
Token metrics fundraiser
If you want to learn more about the project visit them here:
- twitter: @SpiderDAO
- telegram: http://t.me/SpiderDAO
- website: http://spiderdao.io
- twitter: @SpiderDAO
- telegram: http://t.me/SpiderDAO
- website: http://spiderdao.io
As always, the above does not constitute any financial advice and always DYOR. If you like these threads pls like and retweet and join our group here: http://t.me/DeFiRaccoons
