RioDeFi is opening a Liquidity as Utility (LaU) Program with SpiderDAO
We are thrilled to announce a new partnership with SpiderDAO that will bring new benefits to our community members looking for both new staking opportunities with high APR and enhanced online privacy.
SpiderDAO is a DeFi project supported by Polkadot’s network which was noticed a few months ago for having been shortlisted to be part of the Substrate Builder program. It aims to enhance security privacy and decentralisation to its users and extend it to the entire Polkadot’s ecosystem.
SpiderDAO also seduces the crypto community for revamping the DAO concept as we know it. It introduces a dual-governance model that bundles together hardware and software tools on-chain. For SpiderDAO members to gain voting rights and participate in upcoming project decisions, they must have a compatible hardware Router connected to the SpiderVPN and stake a minimum amount of SPDR (SpiderDAO native tokens). Votes are thus weighed by ownership of hardware and does not take into consideration the amount of tokens owned by each user. This model was designed to prevent whales from gaining excessive voting rights and redistribute it more fairly among all the community members supporting the project.
Under this strategic partnership RioDeFi is launching a Liquidity as Utility (LaU) mining program on SpiderDAO’s platform. This offer is reserved to our community members who would enjoy a FREE VPN access when staking SPDR. Spider dVPN will prevent web browsers from accessing users’ connections, bring anonymity and more security to RioDeFi’s users when visiting and interacting on other dApps from their devices.
To be eligible to join the RioDeFi x SpiderDAO LaU program, you must:
- Stake a minimum of 5,000 RFUEL on MANTRADAO’s pool;
- Hold 300 dollars worth of SPDR in the same wallet as the one you are staking with;
- You can then claim FREE VPN here
Please note that:
- Once you unstake RFUEL or sell the SPDR the VPN will be cut off;
- The FREE VPN access will be granted on a first come first served basis to the 300 first RioDeFi’s yield farmers staking on SpiderDAO pool.
‘’We are pleased to partner with RioDeFi who has strong crypto lovers and LPs among its community. We hope our approach of delivering value-added services to the end-users looking for staking opportunities on the Polkadot ecosystem and our dual-governance model will resonate to them’’, says Nathan Varty, CEO of SpiderDAO.
‘’RioDeFi and SpiderDAO’s missions are very similar. We both focus on making cryptocurrencies and DeFi products accessible to the mass with extra benefits to our respective community, an emphasis on security, easy-to-use platforms and user friendly interfaces’’ says James Anderson, CEO of RioDeFi.
Through this collaboration both projects look forward to making their respective communities benefit from the best DeFi opportunities the Polkadot’s ecosystem has to offer.
SpiderDAO guides to LaU participation can be found here:
SpiderVPN provides a decentralized router-based VPN service for its users by using a dual-governance model which brings together hardware and software tools with on-chain elements. The team aims to build a new set of standards for Decentralized Autonomous Organizations to counteract the unfair distribution of voting power. Combining hardware safeguards and leveraging the Polkadot consensus mechanism, SpiderDAO establishes a whale-resistant mechanism while creating a highly scalable, interoperable, and stable governance system.
Reach SpiderDAO on:
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.