AladdinDAO is a decentralized network that aims to transform crypto investment from a form of venture capital to a form of gathering public wisdom through collective value discovery.
Written by: AladdinDAO
These problems in the DeFi world cannot be ignored:
The field of encryption is eating the world. Decentralized finance (DeFi) is eating up traditional finance.
Since the summer of 2020, DeFi has entered explosive growth, and billions of dollars have entered DeFi to participate in income farming, but many people have encountered various problems, such as the project team’s withdrawal of funds, the agreement being hacked, and so on. In addition, speculators, influential big Vs, and even the wealthiest people on the planet, such as Elon Musk, are very vulnerable to false information. Their voices may also be noise, which strengthens the information asymmetry in the market and makes ordinary investors even more at a loss.
If there is such a community in reality: real DeFi experts select high-quality investment targets from a dazzling array of projects, and community members can grow together and get rich harvests, wouldn’t it be great?
Here, let us introduce AladdinDAO-AladdinDAO is just such a community. Its founding members are composed of heavyweight crypto investment institutions and DeFi experts, including Polychain, Digital Currency Group, 1kx, Multicoin, CMS, Nascent, Alameda, DeFi Alliance, Robert Leshner, Kain Warwick, Hart Lambur, Alex Pack, Ashwin Ramachandran and Sharlyn Wu, they will be committed to bringing order to the chaotic crypto world through AladdinDAO, and promoting the whole industry to become bigger and stronger.
Mining with DeFi experts?
The AladdinDAO agreement aims to use the best talents in the DeFi industry-DeFi masters-as decentralized asset managers, using the mechanism of competition, so that ordinary users can also identify the most exciting, the most profitable, and the most worthwhile Trusted DeFi products.
There are three types of essential participants in the agreement:
- DeFi projects: These projects will be included in AladdinDAO to seek more liquidity support;
- DeFi masters: They are DeFi experts who conduct research, screening and voting on projects;
- DeFi project miners: They participate in high-quality DeFi projects by investing in DeFi projects selected by DeFi experts, and earn additional rewards through liquidity mining in Aladdin.
The design goal of AladdinDAO is to form such a virtuous circle:
- The better the product and token mechanism we design ->
- The smarter DeFi experts we attract ->
- The better the assets we select ->
- The higher the value captured by AladdinDAO tokens ->
- Can attract more DeFi experts to join the platform ->
Repeat this cycle.
For experienced DeFi users, this Decentralized Autonomous Organization (DAO) hopes to open a new chapter in crypto asset management and DeFi income cultivation, personally screen high-quality investment targets for the entire community, and minimize the barriers to participation.
In the short term, AladdinDAO hopes to become a one-stop platform for DeFi liquidity mining experience. In the long run, it hopes to become a cryptocurrency liquidity hub that connects the DeFi protocol with the world through DeFi investment masters.
“AladdinDAO is an attempt to organize people and projects, design an incentive system to reward diligent industry experts, and through competitions, so that bystanders in the DeFi field can participate and discover the most exciting, rewarding, Trustworthy new project.”-Dan Elitzer, co-founder of Nascent.
Specific working mechanism
The core of AladdinDAO is the “Boule Committee”. The first batch of Boule members were recommended by the founding members and elected by the DAO.
The DAO mining mechanism is used to incentivize members of the committee (called “Boule” in AladdinDAO), and let them conduct research and vote in a responsible manner (considering payment of members based on their contributions and performance). DAO mining rewards are paid every 2 weeks. Boule members can get rewards by voting “yes” or “no”. Boule members will be rewarded for voting for projects with high performance and veto for projects with poor performance.
This mechanism is designed to encourage DeFi masters to vote responsibly and actively participate in the community. Specifically, members with outstanding performance are rewarded based on the percentage of profits they generate for members of the Aladdin community.
Performance will also be adjusted according to each time period, while taking into account the time attenuation coefficient to ensure that committee members continue to study new high-quality assets, rather than lying on the return of the existing investment portfolio.
AladdinDAO is like a two-sided market. Boule members use brain mining algorithms to competitively find the best assets on the supply side to serve the mining users on the demand side, and the latter configure the mining assets on the platform according to their own risk preferences. Enjoy the incentives of liquid mining.
AladdinDAO will start with a simple strategy, allowing users to directly buy the underlying assets of the selected DeFi liquid mining project. In the next step, DAO will be expanded to provide multi-strategy products by community developers and DAO members.
The structure of Boule is constantly metabolized. Next, AladdinDAO will openly recruit Boule members from the entire community. The philosophy of the Aladdin community is that anyone can build reputation and performance through the record on the chain, and grow with the community. Traditional qualifications such as Harvard’s degree are not the main considerations for the election of talents in the Aladdin community.
“The investment field is one of the most ideal application scenarios of DAO. It is very reasonable to use DAO to solve the problem of liquid mining. There are a lot of opportunities in the field of liquid mining, but at the same time it is very dangerous for novices. AladdinDAO can perfectly make This idea has been promoted and we are very happy to support AladdinDAO from the very beginning.”-Kyle Samani, Managing Partner of Multicoin
The digital enterprise of the future must be in the form of DAO
In addition to decentralized currency and finance, the most profound and influential change that encryption technology has brought to the world is that the organizational form of human society has undergone a paradigm shift, and the market economy based on intermediaries and enterprises has been transformed into a market economy based on intermediaries and enterprises. Individual non-cooperative game economy, and in a non-cooperative game economy, individuals can participate in various networks of global coordination and transactions under the premise of minimizing trust.
DAO (Decentralized Autonomous Organization) will rebuild the organizational structure of human society in this new global system. Each of us will become an individual with the sovereignty of our own keys, identities, and of course personal data such as Twitter. We can choose to build a community to motivate people to maximize their benefits through cryptography.
“Decentralized Autonomous Organization (DAO) is one of the most important innovations in the crypto world. Various decentralized autonomous organizations will eventually take over most of the entire economy and make it decentralized. We believe that now is a return to The best time for decentralized autonomous organizations that focus on the investment field, especially the DAO that organizes people to explore DeFi projects together. AladdinDAO is a highly innovative decentralized autonomous organization that will become the most innovative in the DeFi ecosystem. One of the important components.”-Olaf Carlson-Wee, founder of Polychain Capital
Nowadays, the learning ability of any individual or institution cannot keep up with the rapid and systematic changes in encryption technology around the world. People need online learning to evolve together. Imagine the cost structure and management issues of a centralized organization hiring 50 world-class experts? This is an almost impossible task! As an open network, AladdinDAO does not need to manage these people, just use tokens to motivate them to make contributions and performance.
AladdinDAO is an architecture that can be expanded to involve thousands of experts, and can provide services to billions of DeFi users worldwide.
We firmly believe that AladdinDAO is an important social experiment in the application of encryption technology in the field of asset management. Anyone can participate in it and prove to other members of the community that they are indeed the best and smartest DeFi masters. Those who continue to contribute outstanding performance will be rewarded, and those who perform poorly will be eliminated. This mechanism is designed to ensure that DAO’s ability to capture investment opportunities, research, decision-making, and community building can be competitive and evolve simultaneously with changes in market structure. At that time, there will be no employment contract, only your reputation and investment record.
As experienced users of DeFi, we believe in the wisdom of the public, and believe that in the future, smart people will not need to prove their talents through traditional social promotion. Given the nature of decentralization, people can get rid of the shackles of institutions, join AladdinDAO, share wisdom, build reputation, get rewards, and build a borderless community.
This is why encryption technology is a paradigm shifting technology. It creates a level playing field, so that everyone has an equal opportunity to have their own highlight moments.
Summon all DeFi masters
AladdinDAO is a decentralized network that aims to transform crypto investment from a form of venture capital to a form of gathering public wisdom through collective value discovery.
“As an early investor who has been in the technology industry for many years, the thing that excites me the most about cryptocurrency is that this field has the ability to disrupt my own industry: it allows everyone in the world to invest more freely. With DeFi With the rise of, now anyone can become a user. AladdinDAO will become a platform that breaks information barriers and allows people to access the best DeFi projects.”-Alex Pack, founder of Sybil Capital
We believe that rushing to mine and making quick money is unsustainable, and quickly participating in liquid mining and selling off the mined tokens has never been the best mining strategy.
AladdinDAO aims to bring the smartest people together and guide users to high-quality projects that create value for the community. Our goal is to help winners get better growth. At the same time, our goal is to reduce information asymmetry and distinguish investment signals and noise for users, thereby optimizing the asset and resource allocation of the entire cryptocurrency/DeFi community.
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