ValuesDAO is building a community-owned decentralised financial infrastructure to bring more stability and transparency for the metaverse space.
On the Polygon Network, the Metaverse Reserve Protocol is based on the $VALUES token, each of which is backed by assets in the Values Treasury including the MAI stablecoin. Values Protocol will also offer the possibility to use NFT tokens to back the Treasury’s liquidity.
ValuesDAO, which is still in its early days – currently enjoys 200 – 300% APY average with staking the primary value accrual strategy for users. Stakers can punt their VALUES on the ValuesDAO website and earn rewards, which are minted every 24 hours, with automatic distribution to users’ wallets.
With bonding – an active short-term investment strategy – also in play, it means ValuesDAO can acquire its own Treasury liquidity and assets such as stablecoins by selling VALUES token at a discount.
However, with DAOs now on offer, many will wonder if the ICO model is a better way of raising money.
But with many projects not promising what investors expected, ICO teams wondered what they could do if they collected cash, then created millions of tokens with no value. They did exactly that, assigning random prices to tokens before selling them with the promise of listing them on a well-known exchange, with coin values increasing by up to 20 times.
But with very expensive offices and high paid staff used by ICO teams, investors’ tokens were left to dwindle.
The ValuesDAO team spent time and funds investing in a fully-tested and working system before selling any tokens. Investors know their holdings are always increasing if they are actively staking, however bad the market.
Best of all, the users’ Values tokens won’t ever fall below an intrinsic value as they’re backed by stablecoins – not something that can be promised by an ICO project.
ValuesDAO has the ultimate aim of building a policy-controlled liquidy system for the NFT metaverse space; enabling a system that can be used to optimise stability for $VALUES to function as a global unit and medium for exchanging currency.
For more information, check out this ValuesDAO documentation