Introduction video to ValuesDAO
Values is Metaverse Reserve Protocol on Polygon Network based on the VALUES token. Each VALUES token is backed by a basket of assets (e.g. MAI, FRAX stablecoins) in the Values treasury, giving it an intrinsic value that it cannot fall below. Values Protocol gives a possibility to back NFT tokens to the treasury liquidity. Values introduce economic and game-theoretic dynamics into the market through staking and bonding.
ValuesDAO is partly fork for OlympusDAO with own twist applied for NFT Bonding for metaverse space and based on Polygon network.
Our goal is to build a policy-controlled liquidity system for NFT metaverse space, in which the behavior of the VALUES token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that VALUES can function as a global unit-of-account and medium-of-exchange currency in a decentralized metaverse. In the short term, we intend to optimize the system for growth and wealth creation.
The main benefit for stakers comes from supply growth. The ValuesDAO harvests new VALUES tokens from the treasury, the majority of which are distributed to the stakers thanks for the VALUES tokens they offered. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in VALUES and thus the bonder's profit would depend on VALUES price when the bond matures. Bonders benefit from a rising or static VALUES price.
Values is a fork of OlympusDAO with its twist applied for NFT space on the Polygon Network that will help other projects build a decentralized metaverse. Our core team has combined experience in computer science, cryptography, economy, and design. Followed by years of experience in crypto. We prefer to stay mostly anonymous for the success of this project because of our aim at becoming a Decentralized Autonomous Organization.
Currently, most of the decisions are taken by the core team, but we expect to be able to turn this into a DAO-governed model as soon as possible with your help!