HAI DAMO is a DAO-operated Asset Management Organization. More plainly, a DAO that specifically governs the management of assets. In this case specifically, it is the management of the composition of decentralized investment vehicles.
The crypto asset class is still in its infancy, lacking many of the complex financial instruments that typically define more mature asset groups. Consequently, crypto investments are subject to extreme volatility and are thus unattractive to risk-averse investors. Their entrance into the crypto asset class will create an inflow of trillions of dollars, which makes for a sizable bounty for whoever can provide a vehicle to these investors. By providing decentralized investment vehicles to less risk-tolerant players, HAI DAMO has the potential to claim a piece of the trillion-dollar bounty while legitimizing crypto assets across the entire ecosystem.
How do I get involved?
The governance token, DAMO is your key to the ecosystem. Governance participants can join through our community discord. For all updates and news regarding HAI DAMO make sure to join our telegram. All insights and contributions are welcomed while we get the DAO up and running.
Other ways to get involved include staking, capitalizing and minting. You can stake DAMO in return for sDAMO rewards. Providing collateral for Decentralized Investment Vehicles (DIVs) is a method of minting DIV tokens. The Capitalization Method is an essential piece of the puzzle, allowing the protocol to own liquidity rather than rent it. Liquidity providers (LP) can deposit their LP tokens and DIV tokens to receive either discounted DAMO or ERC-20s.
Airdrop for API3 DAO participants
Airdrops have been used to distribute tokens for decentralized finance applications throughout the years. By airdropping our token to those that stake directly with API3, we are targeting the more "crypto savvy" user in order to seed the markets with active participants rather than sellers.
Details about the airdrop
Total Supply 32,000,000
Initial Price - $0.4960
Launch Date - December 28th
Vesting Period - 50% unlock at TGE, 25% released on a monthly basis ( Vesting tokens are subject to staking rewards)