Author: 0xglaci
The token given to [REDACTED] stakeholders. When the users interact with [REDACTED], they will bond their tokens through metamorphosis and will receive an equivalent amount of discounted $BTRFLY.
“In ███ theory, with the butterfly effect, ████████████████████ a small change █████████████████████████████████ can result in large differences █████”
It’s a virtuous circle that is obtained when the DAO invests the treasury, created with Metamorphosis, to generate interests. The total value of the treasury increases, with a positive effect on the value of $BTRFLY, which will bring more investors to bond their tokens/assets [REDACTED]. The more investments into the project, the higher the treasury to be used to generate yield.
A DAO (Decentralized Autonomous Organization) is an organization controlled by the members and not influenced by a central government or linked to an institution. The DAO provides owners with tokens, allowing them voting rights on project’s decision.
A SubDAO uses the same protocol of a DAO and can be seen as an extension of it. In our case, [REDACTED], aims to be an extension of OHM. It would use the same protocol (with some twists), it would look for DAO’s approval and would revert some of its revenue to OHM’s DAO to reinforce the ecosystem.
The process to interact with the protocol and transform LP and governance tokens into $BTRFLY tokens. If the users purchase BTRFLY on [REDACTED], they are able to secure a discount from the market price.
It’s a methodology used in DAOs and decentralized projects to improve the quality of decisions made by incorporating evidence from data, analysis, and various types of modeling including integrative “complex systems” simulation modeling. Utilizing Computer-Aided Governance in [REDACTED] decision-making allows for the governance architecture to become not only increasingly automated, but more data-driven.
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