BanklessDAO 🤝 BalancerDAO
A Dynamic DAO-2-DAO Partnership!
We are pleased to announce that through a snapshot vote which has involved almost 20M BANK, BanklessDAO has ratified an important partnership with BalancerDAO for the entirety of 2022!
Balancer and Bankless already collaborated in 2021, with an educational campaign and the establishment of a 80% BANK/20% WETH Balancer V2 liquidity pool on Ethereum.
Within the educational campaign of 2021, BanklessDAO presented the main features of the Balancer protocol to explain how important liquidity pools are for DAO growth. Balancer, as a unique automated portfolio manager in the current development stage of the DeFi ecosystem, provides the perfect tooling to augment liquidity and induce value retention.
The liquidity pool has been a tool to educate the community about DeFi functioning.
Going forward, 2022 has seen the advent of BalancerDAO, the community-run organization that governs the Balancer Ecosystem. BalancerDAO is improving the way it operates with the establishment of subDAOs that will act as autonomous groups of contributors enabled by BAL holders.
The 2022 partnership will directly affect the new formed BalancerDAO in three principle areas:
- Newsletter sponsorship
- Liquidity pool on Polygon
- Educational campaign and media coverage
1. Collaborative Sponsorship
BalancerDAO will sponsor BanklessDAO on the “Weekly Roll-up” newsletter or the “State of the DAOs” newsletter for the entire 2022. The precise location of Balancer’s sponsorship will be determined on a seasonal basis.
The BanklessDAO newsletters have reached +10k subscribers with an average view rate of +15k. The constant presence of BalancerDAO on BanklessDAO’s newsletter fosters a partnership without precedents within the two communities.
2. Polygon BANK/WETH Liquidity Pool Incentives on Polygon
Starting in Season 3, BalancerDAO will strongly incentivize for the entire 2022 the 80% BANK/20% WETH Balancer V2 liquidity pool on Polygon.
Through plug-in and play, BANK holders can learn Balancer V2’s powerful features aimed at supercharging capital efficiency, unlocking arbitrage with zero-token starting capital, and opening the doors to custom AMMs. All this will occur on Polygon with almost nonexistent costs to the user.
3. Educational Campaign and Media Coverage
BanklessDAO will prepare written contents concerning the creation of the BalancerDAO and Balancer’s multi-chain strategy. BanklessDAO writers will thoroughly prepare two medium posts, which will be presented on twitter and on the Weekly Roll-up. BanklessDAO will additionally organize a CryptoSapiens podcast, where the founders will present the BalancerDAO to our community.
The aforementioned initiatives will be assisted by a marketing campaign, which will also highlight the main features of Balancer’s V2 protocol, and allow the creation of flexible pools and the capacity of collecting fees from traders, who will rebalance the portfolio following arbitrage opportunities.
Outlook Strong!
We are proud that BanklessDAO and BalancerDAO are working shoulder to shoulder!
The mission of BanklessDAO is to help the world go Bankless by creating user-friendly onramps for people to discover decentralized financial technologies. Due to its characteristics, Balancer is the perfect example of a DeFi project which could help the world go bankless by allowing liquidity creation and earning from assets which are deposited in the Balancer’s pool. Moreover, in launching its DAO, Balancer — in line with the more advanced web 3.0 culture — demonstrates the willingness of decentralizing its operations!
The joint campaign is part of the BanklessDAO mission to coordinate crypto’s social layer with the goal of onboarding 1B people to bankless money systems through culture, media, and education.
🏃♂️ Action items:
If you’d like to get involved, join the Bankless DAO Discord (required 35K $BANK) follow us on Twitter, and subscribe to our Weekly Roll-up. If you want to find out more about BalancerDAO, follow the DAO on Twitter and go to https://balancer.community/ and get plugged in!
This post does not contain financial advice, only educational information. By reading this article, you agree and affirm the above, as well as that you are not being solicited to make a financial decision, and that you in no way are receiving any fiduciary projection, promise, or tacit inference of your ability to achieve financial gains. You also affirm that the sole purpose of reading this article is for expanding your educational awareness and nothing more.
