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.