As part of the second round of Ocean DAO’s monthly grants program, Governor DAO was awarded 10,000 OCEAN (valued at roughly $7,000) for our ongoing data aggregation initiative.
Our proposal, which can be viewed here, outlines our intentions to collect market data through incentivization of our existing Governor DAO community members. This data will be packaged into a dataset and ultimately published on the Ocean Marketplace for sale to the general public.
For the Ocean ecosystem, our efforts benefit the marketplace with a more efficient, equitable, and trustworthy strategy for data collection and sale. For Governor DAO, this OCEAN grant…
Deposit GDAO: earn Loyalty Points (LOYAL). The Staking page for LOYAL is now live. Deposit GDAO once LOYAL rewards commence at 5:00pm Pacific Time today.
LOYAL is a non-transferrable ERC20 token. You cannot send it to another address or sell on Uniswap. Instead, you will be able to redeem LOYAL for limited edition NFTs and swap back for more GDAO. Below is a taste of what these NFTs look like.
Special edition NFTs, GDAO rewards, and immutable documentation of your early support in Governor DAO. What more is there to say?
Once the GDAO token is circulating and revenue generation is underway, we are envisioning a “governance vault” where holders can stake their GDAO and earn automated returns as frequent GDAO buybacks funded out of the treasury.
But until then, it’s important to reward our current GDAO holders and supporters, as well as give our community members a place to park their GDAO earned from the mines, claimed from the airdrop, or otherwise: Introducing Loyalty Points (LOYAL)
Starting next week…
We are excited to announce a strategic partnership between Governor and Trinity Protocol!
Governor’s mission is to bootstrap projects with working, active governance as outlined through our Governance-as-a-Service vision.
In a similar vein, Trinity seeks to bootstrap projects with sufficient liquidity through automatic liquidity generation and their upcoming yield farming launchpad.
Alas, there is a natural synergy between Governor and Trinity. Projects integrating with GDAO stand to benefit from Trinity’s liquidity building solutions, and Trinity’s partners similarly stand to gain from our voting bootstrap.
The nature of the partnership is straightforward:
The GDAO Mines are open and can be found here. Please notice that there is a 2% fee on all deposits which is delivered in full to the Governor Treasury.
Total GDAO Allocation: 1,200,000 GDAO
Starting time: Block 11505970 (roughly midnight GMT, 12/23 | 4pm Pacific 12/22)
Ending time: Block 12705970
Duration: Roughly six months
Stats on the page are accurate and fully functional. APY…