Hodl Finance DAO

The first Market Making and Investment DAO creating community-driven liquid markets and opportunities within the crypto space.
The current era of blockchain innovation is fueled by technology and driven by people. In this dynamic and rapidly evolving landscape, progress is the only constant. Hodl Finance DAO (HFD) is established to Make the web3 Market, drive innovative projects and give back to its participants.
HFD is centered around the community because the power should reside in the hands of creators and communities, rather than in the hands of big tech. To this end, decentralized networks are utilized to be transparent in every aspect. The DAO's goal is to be at the forefront of the ongoing revolution and together remain committed to its purpose in the long term. By empowering the community to vote on the direction, HFD aims to give back the power to where it belongs.
Market Making and Investments act as the key catalysts propelling the Hodl Finance ecosystem forward. Realized Profits are employed to repurchase $HFD, sustain operations, and engage in research and development efforts. Firstly benefitting the DAO and its members, and secondly the crypto market as a whole.
$HFD is designed to drive its value through its performance and utility. The token is built on the Ethereum blockchain (ERC-20) and is accessible to all. The ecosystem consists of several treasuries, including Bonding, Staking, Trading, Operations, and Research & Development Treasuries and the Market Making & Investments Layer, all working in tandem for the benefit of the DAO and its participants.
Bonding Treasury
Having a well-functioning financial market requires sufficient liquidity. To ensure market liquidity, the DAO conducts Bonding Treasury swaps. Only by swapping through the Bonding Treasury, users can benefit from various discounted rates based on their preferred locking period. Upon swap, the buyer's provided liquidity is redirected to the Trading Treasury, and their bought $HFD will be automatically placed in the Single Side Staking (SSS) pool for the duration of the locking period.
Staking Treasury
To incentivize early backers to become long-term DAO participants the Staking Treasury is established. Receiving rewards for dedicating their tokens to the Staking Treasury will cause them to grow in governance power. Investors will automatically participate in the SSS by swapping through the Bonding Treasury and acquiring discounted tokens.
Trading Treasury
After liquidity has been garnered from Bonding Treasury swaps it will be redirected to the assembly point, also known as the Trading Treasury. From there it will be distributed towards the Market Making and Investments Layer. The Trading Treasury is a secured multi-signature wallet managed by multiple Core Contributors of the DAO.
Active Market Making & Investments layer
Market Making is a crucial component of the HFD ecosystem as it actively and safely utilizes liquidity. The funds from the Trading Treasury will be diversified in various fundamentally strong cryptocurrencies to actively Market Make with. In addition to Market Making, HFD explores investment opportunities in new and emerging crypto startups. This includes participating in early-round investments and providing consulting services.
Operations Treasury
To cover the costs of all day-to-day operations of the DAO, the Operations Treasury is established. The covered costs may include but are not limited to taxation, legal expenses, financial management, marketing, subcontractors, bug bounties, and more. The Operations Treasury will be managed by HoFiDa Limited on behalf of the DAO.
Research & Development Treasury
Before starting a new product there always needs to be a pre-due diligence and development stage. Therefore, the Research & Development Treasury is established. It provides the resources needed for the first steps toward a new product. Costs for proposal creations, MVPs, and any other related start-up costs can be covered by this treasury. Just like the Trading Treasury, the Research & Development Treasury is also a secured multi-signature wallet managed by multiple Core Contributors of the DAO.
Last modified 29d ago