Dank DAO: A new crypto tribe
Dank DAO
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Since the launch of the Dank protocol in October last year, we have met many crypto enthusiasts from various countries and regions around the world. People come together because of a common belief. We have seen the collision of different cultures and ideas, as well as the spark of innovation. We gained wisdom and friendship, and Dank became more and more like a multinational tribe. Currently, the crypto world is advancing as steadily as ever, and at the same time we are promoting a new cryptographic order for the good of the world. This new order is a new financial system that is more fair, free and democratic. Although conflict is inevitable, we are still optimistic about the future!
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Chapter Alpha: Cultural Order
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About Dank Dao
Dank DAO Mission
Dank DAO is a stable income and income hedging DAO on Ethereum, aiming to allow more people to obtain stable value and deterministic income from the encrypted world.
Dank DAO Vision
Decentralization, transparency, collaboration, new forms of incentives
Let go of the shackles of tradition and bring together talents from all over the world
With the arrival of the Web3 trend, we have all arrived in the encrypted world, adhering to the common philosophy to create a financial system that truly belongs to the community.
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About Dank Community Governance
As an encrypted tribe, we hope to form our tribal culture, including totems, stories, symbol systems and encrypted narratives. At the same time, we hope to make people have more fun in new ways, so we take the following directions as the community's top priority:
More games and memes for storytelling
Establish totems, symbols and narrative systems, we must speak for ourselves
There are no goddamn rules, have fun, we're going to have fun
The basic framework of the community: Dank Tribe
the construction
The Dank tribe is made up of four major tribes, the Growth tribe, the Production tribe, the Logic tribe, and the Guard tribe, and the Tribal Roundtable. Order is the new social structure that governs tribes. Each order will adhere to certain principles and govern different areas of the tribe. Members will choose an order of temperamental qualities that resonate with them. These four orders are the founding structure of the tribe, and each warrior must examine himself and decide which order most resonates with them. Early cores will be built around four orders!
The construction of the tribe will be divided into four stages:
the construction
During this phase, Discord will be restructured and decluttered to ensure the advancement of tribal governance. So this stage is the start-up stage, mainly to establish the basic work of the initial tribal framework!
At this stage, focus on cultural construction, including totem construction, tribal culture construction, code narrative formation, and large-scale expansion of tribes!
flywheel
order
flywheelDank Tribe Discord Roles
Dank DAO Discord server
Chapter Bravo: Monetary Order
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We believe that DeFi 3.0 is a self-feedback incentive model that can unlock capital efficiency and promote the decentralized governance of DeFi. Therefore, we are now promoting the next version of Dank - Dank 2.0
The core change of Dank 2.0 is the innovation of capital utilization efficiency. By expanding the capital utilization efficiency to achieve circular arbitrage and improve the leverage effect, at the same time, establish a new incentive method to attract users, retain and build agreement loyalty. Through the financial application supported by the project itself, guide liquidity to maximize capital efficiency!
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Core components of DankDocs
Dank - Floating Rate Market
Dank is a permission-free open source lending protocol based on Ethereum smart contracts. As a decentralized bank, Dank deposits and retains user funds through agreements to bring more financial benefits.
Dank - Fixed Rate Market
Dank's fixed rate market is the best tool for users to obtain stable risk exposure. In the fixed rate market, holders of interest-bearing tokens will have the opportunity to obtain additional profits and lock in future earnings in advance. At the same time, it allows traders to access future profits directly without using the underlying collateral.
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For more details, please visit:
Docs — Fixed Rate Markets
Docs — Fixed Rate Markets
Dank's financial model
Dank's financial model is a self-feedback incentive model, including:
Underlying market:
Fixed rate market, floating rate market
The incentive pass is DANK Token, and DANK is minted by the agreement. Dank will be provided to users as an incentive, and part of its DANK will be reserved in the Dank DAO treasury, and this part of the funds will be used as a reserve to regulate the supply and value of DANK.
When users use the convenient underlying protocols and tools for arbitrage, the protocol will charge part of the transaction fees and casting fees as the income of the protocol, and reserve them in the treasury to provide value supply for DANK.
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Chapter Charlie: Future Narratives
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Unlocking the Capital Efficiency of ETH
Essentially, staking incentivizes nodes to hold as much ether as possible, using it to validate transactions. The higher the number of nodes, the faster and more secure the network will be. For investors, the motivation for staking comes from the incentives of the system, similar to depositing money in a bank to earn interest. Return on investment varies based on network performance and usage and can be expected to be as high as 10%.
In the environment of low global interest rates, Ethereum's currency holding and interest-generating mechanism will undoubtedly attract more people to participate in pledges. Staking could be the killer app, making ethereum an "aggressive arbitrage asset." Unlike holding gold, which requires storage costs, holding Ethereum will be rewarded more positively. In the long run, this will stimulate market demand for Ethereum and attract investors to borrow money to buy the asset in order to earn interest differentials. That is, positive returns will increase the stability of Ethereum prices and expand the base of long-term holders and investors.
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Security revenue targets for enterprises and DAO organizations
Dank's fixed rate markets are also emerging as a perfect capital diversification solution. Release the financial efficiency of the underlying assets through income differentiation, allowing agreements, DAOs, and organizations to obtain fixed interest rates from capital capital. At the same time, maintain a margin of safety for funds and the ability to exit if necessary. It will bring more diverse treasury management solutions and more composability to the protocol and DAO community.
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Metaverse Infrastructure
DeFi provides an open finance that fits the characteristics of the free sharing of the metaverse, and can provide financial services including transactions, loans, and insurance to help reduce the creation cost and realization cost of works for metaverse players.
Based on the basic lending agreement and fixed interest rate agreement, Dank strives to build the basic financial service facilities of the Metaverse. Committed to providing license-free services for encrypted users of the Metaverse, so as to expand the asset boundaries of the Metaverse and maintain the good operation of the Metaverse economy!
Sub-Saharan regions, for example, do not have pre-existing banking infrastructure in the same way. This is why microfinance has not yet caught on in many third world countries. But in these countries, many people have a mobile phone, and through Dank, they can create their own crypto accounts without permission, lend crypto assets, protect their property, and expand productivity tools, thereby helping them escape poverty. So let's imagine that Dank will be able to provide microfinance to people living in third world countries in the future. This will be a great social innovation.
Come for the tribe, stay for the tribe
Summarize
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Summarize
Dank is a license-free open-source lending protocol based on Ethereum smart contracts, which aims to solve the problem of low capital efficiency in the DeFi market and build a fixed-income market. Dank first proposed a forward rate contract swap model based on the floating rate market, which allows any user using the protocol to obtain variable rates. Users can also release the forward income of d-token at any time to obtain instant fixed income. The ultimate goal of Dank is to allow all valuable encrypted assets to obtain diversified financial services and create a sustainable foundation for science and finance.
