[REDACTED] has joined as a member of the “First Batch Partner”
Hi, InsureDAO community!
We’re really excited to announce the great partnership with [REDACTED], which is the complimentary subDAO for OlympusDAO aiming to extend OHMs influence to the greater DeFi ecosystem by accumulating voting power, and provides voting-efficiency-as-a-service with a governance ‘meta-token’ (BTRFLY).
As governance is the essential component for DeFi protocols, [REDACTED] clearly plays a major role in the DeFi space. We look forward to supporting their expansion in a more secure way through this partnership.
[REDACTED] & InsureDAO partnership
InsureDAO will create a verified insurance pool of [REDACTED] at the initial InsureDAO mainnet launch on February. That means insurance covering [REDACTED] will be available on InsureDAO.
Moreover, you can also be an underwriter of [REDACTED] insurance pool with USDC. As underwriters will get insurance premiums paid by purchasers and our native token rewards, this would be like stable farming.
Furthermore, [REDACTED] users (BTRFLY stake) are now qualified for the 10% bonus of the amount in INSURE each participant purchased during the InsureDAO DeGenesis, which is currently on live till February 13th.
About [REDACTED]
[REDACTED] aims to accumulate voting power, tokens especially from the Curve ecosystem such as CRV and CVX, within the DeFi spaces by offering the Olympus bonding system. The protocol utilises that power to vote on the behalf of individuals and ensures their interests are best represented in the gauge systems.
Why [REDACTED]?
Curve.finance first introduced the veCRV system, which InsureDAO adopted for its tokenomics as well. The remarkable part of the Curve governance is the gauge weight system, which determines the allocation of CRV inflation among pools, voted by ve-token holders.
As the DeFi protocols realised the importance of the Curve gauge system, the race between protocols to get higher voting power upon the gauge for rewards and liquidity got intense, known as “The Curve Wars”.
Now the war is not limited to Curve but has spread to the entire DeFi space and almost every DeFi protocols seem inevitably to be involved in “The liquidity war”.
How?
[REDACTED] tries to decentralise the Curve gauge, by incentivising bonding tokens from the Curve ecosystem into its treasury in exchange for the BTRFLY token, thereby accumulating voting power. While the main focus of [REDACTED] DAO is the Curve ecosystem, however, the protocol is also planning to expand and leverage its voting power to other liquidity wars, such as Tokemak.
Moreover, [REDACTED] is now planning to launch Hidden Hand Marketplace, which is the bribe marketplace. The Hidden Hand will help DeFi protocols to increase value and demand for their ve-Tokens by allowing them to create a bribe market for voting. This new use case is likely to expand the [REDACTED] ecosystem and extend the DeFi governance scene further.
Links for [REDACTED]
About the “First Batch Partner”
The First Batch Partners are the whitelisted protocols whose insurance pool will be listed on our front-end.
*Although anyone can make any insurance pool on InsureDAO, InsureDAO doesn’t display all the insurance pools.
Additionally, InsureDAO will distribute INSURE token rewards to their insurance’s underwriters. INSURE token rewards are also limited to the whitelisted pools.
About the First Batch Partner
You can see more details below.
About InsureDAO
InsureDAO is a decentralized insurance protocol, allowing anyone to create an insurance pool easily to “Cover every single risk in DeFi space”. InsureDAO provides an insurance builder kit and insurance market. Additionally, we offer the lending function to INSURE token stakers. We will launch InsureDAO on Mainnet and Arbitrum this February.
If you are interested in learning more, check out our white paper.
Also, you can join us on Twitter, Discord, or Telegram! :)
Twitter: https://twitter.com/insuredao
Discord: discord.gg/8BA5f5rurq
Telegram: https://t.me/InsureDAO
