OneDao Finance

OneDao Finance

Created using Figma
Created using Figma
OneDAO is the decentralized reserve currency protocol available on the Harmony Network that relies on the ODAO token. Each ODAO token is backed by a basket of single assets (like DAI, USDT, USDC, UST) and liquidity provided ("LP") assets (like DAI-ODAO, ONE-ODAO, ETH-ODAO LP pair Tokens). These assets help grow the OneDAO treasury and back the ODAO token's intrinsic value that it cannot fall below. OneDAO also introduces economic and game-theoretic dynamics into the market through staking and minting.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Sushiswap (Harmony)
    ODAO/0XCF664087A5BB0237A0BAD6742852EC6C8D69A27A 59 minutes ago
    $ 43.02
    $ 57.807 K
    -
    -
  • Sushiswap (Harmony)
    ODAO/0XEF977D2F931C1978DB5F6747666FA1EACB0D0339 59 minutes ago
    $ 42.78
    $ 31.059 K
    -
    -
  • Sushiswap (Harmony)
    ODAO/0X985458E523DB3D53125813ED68C274899E9DFAB4 17 days ago
    $ 121.32
    -
    -
    -
To be announced
Token Details
Ticker
ODAO
Additional Details
Categories
Platform

About OneDao Finance

Purpose of OneDAO   Our goal is to build a policy-controlled currency system, native to the Harmony network, that is driven by the ODAO token. In the long term, we believe this system can be used to optimize for stability and consistency so that ODAO can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation. Our intention is to achieve price flatness for a representative basket of goods without the use of fiat currency. Establishing this community-owned decentralized financial infrastructure will allow the cryptocurrency industry to finally detach once and for all from the world of traditional finance!   Benefits of OneDAO   Stakers benefit from the supply growth of ODAO. The protocol mints new ODAO tokens from the treasury. The majority of which are distributed to the stakers. The auto-compounding of staking balances provides an incentive for stakers. Additionally, price exposure remains an important consideration for stakers. For example, if an increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.   The primary benefit for minters is price consistency. By providing capital upfront the minter is promised a fixed return at a set point in time. In this case, the return is given in ODAO tokens and any profit depends on the price of ODAO upon the bond's maturity. Minters benefit from a rising or static price for the ODAO token.

Activity

Followers:
17 456
VERY HIGH
Tweets:
609
VERY HIGH
30 Days Growth:
-1466
Members:
2 727
MEDIUM
30 Days Growth:
-92
Alexa

Rank:
132 149
HIGH
Delta:
0
Year commits:
3 692
Watchers:
1
Stars:
3
Forks:
2
Open issues:
0

OneDao Finance Last News

$ 8,376.69
7.74%
Crypto Stats
Daily, %:
7.74%
Weekly, %:
15.43%
Monthly, %:
Market Info
Market Cap:
Volume 24h:
$ 1.921 M
Circ. Supply:
Ticker:
ODAO
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