Description: ImpDAO is an OHM fork led by experienced TradFi and DeFi professionals focused on active treasury deployment and sound monetary policy. ImpDAO is a decentralized investment protocol with reserve currency characteristics available on the Fantom Network based on the IMP token. Each IMP token is backed by a basket of assets (e.g., DAI, IMP-FTM-DAI-MIM LP (70% / 10% / 10% / 10%) tokens, gOHM, etc.) in the ImpDAO treasury, giving it an intrinsic value that it cannot fall below.
What is the point of ImpDAO?
The goal is to build a policy-controlled decentralized investment protocol leveraging on the reserve currency characteristics introduced by OlympusDAO, native on the FTM network, with the IMP token being the central piece! Different to most other fractional reserve currencies, ImpDAO aims to provide both: sound monetary policy as well as active utilisation of treasury funds to generate returns for all IMP stakeholders. In the long term, this system can be used to optimize for consistent returns so that IMP can function similar to a share in a traditional investment fund providing price appreciation as well as potentially dividends. In the short term, ImpDAO intends to optimize the system for treasury growth while minimising volatility. ImpDAO intends to achieve steady price appreciation by leveraging investment opportunities throughout different blockchains and without the use of fiat currency, in order to allow the cryptocurrency industry to detach even more from the traditional finance world!
How do I participate in ImpDAO?
There are two main strategies for market participants: staking and bonding. Stakers stake their IMP tokens in return for more IMP tokens, while bonders provide specified non-IMP tokens in exchange for discounted IMP tokens after a fixed vesting period.
How can I benefit from ImpDAO?
The main benefit for stakers comes from supply growth. The protocol mints new IMP tokens from the treasury, the majority of which are distributed to the stakers. 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). The main benefit for bonders comes from price consistency. Bonders commit capital upfront and are promised a fixed return at a set point in time; that return is given in IMP tokens and thus the bonder's profit would depend on IMP price when the minted IMP matures. Taking this into consideration, bonders benefit from a rising or static price for the IMP token!
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