Real World Assets bridged to the block chain.
A stable coin backed by the entire world around you…
Now all headed to the Polygon Network!
OpenDAO is building it, and the people are coming!
OpenDAO is expanding to Polygon:
As the markets shift and change, OpenDAO has kept lock step — launching on Ethereum, bridging over to Binance Smart Chain in partnership with OCP and PancakeSwap, and now our journey takes us towards the ever-fertile Polygon ecosystem!
Benefits for OPEN Owner
⚙️Integration: The obvious advantage! This adds fundamental value to the DAO and furthers our goal of being the bridge for the real world to crypto.
⏬Reduced Costs & Friction: Moving to Polygon will greatly reduce the expenses associated with transactions, approving them, exchanging, etc. This makes it easier to take advantage of the many great opportunities that OpenDAO provides, along with the features that are on the way!
💥Decentralization: Lastly, as much as we love being on Binance Smart Chain — fast and cheap! — the best move for the health of the DAO is to remain as biased towards decentralization as possible, and Polygon makes that happen.
A big THANK YOU and welcome to the Polygon team and community!
Let’s build the future together!
What is Polygon?
Initially launched as Matic Network in 2017, Polygon is a platform built on Ethereum blockchain that is meant for developing decentralized apps.
In simple terms, Polygon solves the scalability issues that usually bogs down other cryptocurrencies built on Ethereum blockchain, keeping the decentralized aspect intact.
This significantly counteracts the high transaction fees associated with congestion of the blockchain! You can learn more by visiting their site here: https://polygon.technology/
What is OpenDAO?
The OPEN project is a toolkit to connect the real world to DEFI.
The DAO incubates and provides grants to teams using the OPEN toolkit to build solutions that further our mission.
We believe that the key to connecting real world assets to DeFi is to build enough distribution that makes programmatic liquidation enforcement of real world assets possible, and to this end, we created $USDO — a decentralized stable coin backed by a verifiable collateral pool of both on-chain and off-chain assets.
OpenDAO’s role, as the creator of $USDO, is to increase both the demand and liquidity of the currency via partnerships, grants, and on/off-ramping solutions.