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About AladdinDAO
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What is AladdinDAO (ALD)?
: A decentralized network for collective value discovery, helping retail investors filter signal from noise in DeFi yield farms. -
Key features:
- Three-sided marketplace connecting DeFi projects, yield farmers, and a council (Boule) that curates the best farms.
- Boule members are incentivized based on their contribution value, calculated every 14 days.
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Founders:
AladdinDAO is a DAO, supported by prominent names in crypto and DeFi, including Alameda Research, Polychain Capital
About AladdinDAO: Unlocking the Power of Decentralized Finance
Introducing AladdinDAO (ALD): A Revolutionary DeFi Ecosystem
AladdinDAO is a decentralized network designed to democratize crypto investments by harnessing the collective wisdom of the crowd, thereby mitigating the influence of venture capitalists. At its core, AladdinDAO addresses the pressing issue of information asymmetry, empowering retail investors to discern signal from noise. The proliferation of DeFi has led to a proliferation of yield farms, many of which have proven ephemeral, resulting in significant losses for users. AladdinDAO seeks to develop a robust mechanism that enables retail investors to make informed decisions about which yield farms to support.
The protocol operates as a tripartite marketplace, facilitating connections between DeFi projects seeking liquidity and yield farmers in pursuit of the most reliable assets. A governing council, known as the Boule, plays a pivotal role in curating the most exceptional farms, and in return, receives ALD tokens as a reward for its efforts. As the collective brain of AladdinDAO, the Boule’s incentives are directly tied to its contribution value, which is recalculated every 14 days.
Comprising a distinguished ensemble of DeFi veterans, the Boule is elected through a rigorous process. At its inception, this esteemed group is nominated by esteemed talent hunters, including prominent initial supporters of AladdinDAO, such as Polychain Capital, Alameda Research, and CMS. The talent hunters, who account for 80% of the initial Boule membership, are complemented by 20% nominated by the community. Each talent hunter is entitled to propose up to five Boule members, with all nominees subsequently undergoing a decentralized governance process to secure their appointment.
Notably, strategy developers also play a pivotal role, as they oversee the technical integration of liquidity mining programs into the platform. Furthermore, Boule Plus members serve as a reserve for Boule members and can be appointed in subsequent periods. To qualify as a Boule Plus member, one must stake a specified amount of ALD, provide a verifiable Twitter handle, and successfully pass an AladdinDAO quiz, thereby demonstrating a comprehensive understanding of the protocol.
The Visionary Founders Behind AladdinDAO
AladdinDAO, a decentralized autonomous organization, operates sans traditional founders. Instead, it is bolstered by the support of esteemed figures in the cryptocurrency and decentralized finance (DeFi) realms, including Alameda Research, Polychain Capital, Robert Leshner, Kain Warwick, and several other prominent funds and influential crypto personalities. Notably, its inaugural Boule candidates boast an impressive roster, featuring DeFiDad, a renowned DeFi YouTuber, alongside several other DeFi founders and investors.
Unveiling the Unparalleled AladdinDAO: A Beacon of Innovation
AladdinDAO has devised a sophisticated incentive framework to tap into the collective wisdom of the crowd, thereby fostering a decentralized and value-driven network. Following the initial selection process, Boule members are subject to regular performance evaluations. If the Total Value Locked (TVL) in the protocol surpasses that of the preceding period, the top-performing five Boule members are elevated to the role of talent hunters. In turn, these talent hunters earn passive income commensurate with the performance of their nominated council members. Conversely, if the TVL declines relative to the previous period, the bottom five council members are removed, with a minimum of 30 permanent council members ensured.
Boule members are incentivized through a formula that dynamically adjusts to reflect the absolute profits generated by the protocol, the relative profits contributed by their votes, time decay, and the weight of their vote. In essence, the more Boule members vote in favor of a proposal, the less influential their vote becomes. Boule members are rewarded for casting affirmative votes on outperforming pools and negative votes on underperforming pools. This design encourages Boule members to exercise their voting rights responsibly, independently, and with unwavering conviction. Biweekly rewards are disbursed from the DAO mining proceeds.
To be eligible for yield farming services, a project must submit an application, accompanied by a 2,000 ALD fee. The proposal is then put to a vote, requiring the participation of more than half of Boule members, with a simple majority in favor necessary for approval. In the event that less than half of members cast their votes, a 20% margin of “Yes” votes over “No” votes is required for the proposal to be successful. Notably, a Boule member retains the right to exercise a veto, triggering a token holder vote, provided that at least 20% of token holders also veto the proposal with a simple majority. In such an event, the project’s application is subsequently rejected.
Boule Plus members are empowered to cast votes on the addition or removal of pools, and in return, they receive a proportion of the 2% option reserve. Notably, while their rewards are substantially diminished, Boule Plus members are exempt from penalties for incorrect votes.
What Is the Circulating Supply of AladdinDAO (ALD) Coins?
The maximum total supply of ALD tokens is capped at 999,978,240 ALD. A distribution framework has been established, wherein 80% of tokens will be mined, 1% will be disseminated via airdrop, 4% will be allocated through a liquidity bootstrapping pool, and 15% will be reserved as an optional community-governed fund. To facilitate rapid project development, 10% of tokens will be released during the initial four-week period. The remaining 70% of mined liquidity will be apportioned accordingly:
- A substantial 31% allocation is dedicated to DAO mining, with 25% reserved for esteemed Boule members, 5% for talent hunters, and 1% for strategy developers.
- A significant 30% is earmarked for contributors who have made pivotal contributions to the startup, growth, and development of AladdinDAO.
- A notable 29% is allocated to liquidity providers, with the number of tokens obtained calculated by the following formula: number of tokens in each block multiplied by the weight of the pool, divided by the total weight.
- A reserved 10% is community-governed and vested over a four-year period for the DAO reserve, with 2% of this allocation, equivalent to 8% of the total, designated for Boule Plus members.
The AladdinDAO Network’s Robust Security Framework: A Comprehensive Overview
ALD will be minted as an ERC-20 token on the Ethereum blockchain, ensuring a robust and secure framework. Notably, the project has undergone rigorous, independent audits by esteemed firms Certik and PeckShield, further solidifying its credibility.
ERC-20 is the de facto token standard that most newly minted tokens adhere to when launching on the Ethereum blockchain. As one of the most prominent blockchains, Ethereum has established itself as the preferred platform for decentralized autonomous organizations (DAOs) like AladdinDAO. The network’s security is ensured by a proof-of-work consensus mechanism, which relies on miners to validate new Ether transactions. A distributed network of nodes subsequently verifies and secures the Ethereum blockchain, guaranteeing the integrity of transactions.
When Will AladdinDAO (ALD) Trading Commence?
AladdinDAO is presently undergoing the nomination process for its council members, although a formal launch date has yet to be officially disclosed.
Will AladdinDAO Soar to $1?
AladdinDAO has conceived a fascinating solution to a pressing issue: the overwhelming plethora of yield-farming options that often culminates in analysis paralysis among retail investors. If the protocol unfolds as envisioned, it is poised to garner considerable attention and, subsequently, a substantial increase in Total Value Locked (TVL). However, with the token yet to be listed, it is premature to predict the price it will ultimately attain.
Acquiring AladdinDAO (ALD): A Comprehensive Guide to Exchanges and Marketplaces
Currently, ALD remains unavailable for trading purposes.
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