DeFi 2.0
BOW Token(Governance Token)
BOW token is the default token that makes up the ecosystem of BOWDAO. Members can use BOW tokens to participate in decisions and also play a leading role in the BOWDAO world.
DeFi2.0 + α
BOWDAO strives to crate a solid and cohesive system based on the community. Also we will solve the problems that exist in former DeFi 2.0 protocols face to face.
1️⃣ Initial dumping of Paper-hands
1. We can not deny that paper-hands are also a part of the community. However, we have concluded they are unnecessary for a healthy project. In order to create a ephemeral interest and liquidity provision, we will eliminate most favor factors that paper-hands usually look for.
e.g. 1. 100% vesting, 2. Individual caps over $1,000.
2️⃣ The crypto market does not follow game theory
In the begining DeFi 2.0 had an inherent notion that "We should go together with trust". Now, we can say that this does not exist anymore.
In order to gain this trust again we plan to build a dedicated treasury for linear vesting + buy-back, and create a structure that increases demand not the urge to sell. We only will play a role in guiding the early market through buy-back only, in other words, we will not aggressively interfere with the market.
3️⃣ Management of the liquidity
A part of the initial liquidity will be stored in the treasure house for $1 backing. However, we cannot rely on inflowing liquidity only since there could be a situation when everyone does not stake which would lead to the depletion of assets.
So we plan to diversify the treasuries and manage the liquidity in a stable manner. The portfolio will consist of Bitcoin, Ethereum, Luna, and Cosmos as basic and will be adjusted by Dao afterwards. When purchasing the assets stated above, we will set a period of time and purchase the said assets on scale in order to create a stable position.
4️⃣ Fees used to use the protocol
The commision rate will be set a 1% for mint or staking, and we will constantly fill the treasure by setting the withdrawal and selling fee to 5%.
Penalties will be imposed on users who give up (3,3) by setting a disadvantage for the selling position in advance, and the tickets will fill the treasury for the 3,3s.
KYC Certification
DeFi protocols are constantly at a risk to rug pull.
Therefore, we plan to obtain KYC certification through a objective third party to calm down the anxiety towards this risk.
Audit
Because there should be no security risks on the code, the code will be audited prior to release.
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