Recently participated in a DAO voting process, from proposal to results, the entire process was completed in just two days. Compared to other DAO projects I’ve encountered before, where the discussion phase alone can drag on for half a month, this experience was completely different.



They make decisions using engineering thinking—direct and efficient. Although it lacks some warmth, the results are clear. 350,000 tokens are allocated weekly to ve holders, with an annualized return of up to 38%. Such stable income distribution cycles are indeed rare.

What’s even more interesting is their deflationary logic. In August last year, 20% of the circulating supply was burned, reducing 1 billion tokens directly to 800 million. This isn’t just a gimmick—it's like drilling a hole at the bottom of a full pond; the continuous outflow pressure changes the entire ecosystem’s dynamics.

The lending protocol is also worth noting. It features a standard collateralized borrowing model with dynamically adjusted interest rates, along with a forced liquidation mechanism and third-party security audits. The entire risk control logic is laid out, and from the project operation perspective, it’s clearly evolving towards infrastructure.

Whoever can turn themselves into a channel will hold the future of this track. This governance mechanism itself might be the direction that DeFi should explore.
DEFI-1.78%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
CafeMinorvip
· 10h ago
Invested in just two days? That's really efficient, but I still feel like it's missing a bit of the community's soul. An annualized 38% sounds great, but I'm worried about liquidity drying up someday. A 20% reduction in circulating supply through deflation is indeed aggressive, but how long can this coin burning last?
View OriginalReply0
consensus_failurevip
· 10h ago
Two days to get it done? That's a bit exaggerated, what about the details? --- 38% annualized sounds comfortable, but how long the ve model can last is really hard to say. --- I've seen many projects with a 20% token burn, but in the end, it's just cutting the leeks. --- Engineering decision-making sounds cold-blooded, but it's definitely better than those endless DAO disputes. --- The channel theory is interesting, but the premise is surviving the next bear market. --- No matter how comprehensive the risk control audit is, it can't prevent black swans. --- Releasing results in two days itself is problematic; is it a decision or passing the buck? --- ve holders are truly the chosen ones, but what about ordinary users? --- Infrastructure? That's too broad; right now, everything is still experimental. --- Many projects do the same with lending protocols; there's nothing new.
View OriginalReply0
NFT_Therapy_Groupvip
· 10h ago
Finished investing in just two days? That's faster than some projects' tweets haha An annualized 38% sounds impressive, but I pay more attention to the deflationary logic, which is indeed interesting I like the idea of turning yourself into infrastructure However, engineering decisions also mean being cold-blooded; sometimes the community's voice gets overridden I need to review the audit reports again before commenting on the lending risk control system
View OriginalReply0
BitcoinDaddyvip
· 10h ago
Deciding the vote in two days? That's incredible efficiency. Other projects should really learn from this.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)