Liquidity Curation through Big Brains
As a group of world class experts in DeFi, the AladdinDAO Boule are responsible for identifying the most promising DeFi projects and enabling AladdinDAO community members to enjoy the returns of their selected liquidity mining programs.
Any project can apply to be listed on AladdinDAO. However the project needs to be nominated by at least one boule member to initiate voting process.
Each boule member has 4 votes every month. They vote through ALDVOTE. As such, boule members need to consider their choice carefully and only vote for the project that they have most convictions on. They can either upvote or downvote a project.
For any project to be listed on Aladdin for liquidity mining, they must fulfill at least one of the following criteria:
- Over 50% of boule members vote and a majority of the votes are “Yes”.
- The percentage of “Yes” votes is 20% more than the percentage of “No” votes
These criteria ensure that sufficient consensus can be achieved, given the high costs associated with listing new projects. They also prevent potential attacks and collusions during the voting process.
Decision overturn: If any boule member strongly disagrees with the Boule’s decision, they can call for a vote by all ALD token holders. A decision can be overturned if the below conditions are met:
- A quorum of over 20% circulating token holders participating
- Over 51% agreement
Project 1: The Lemma Stablecoin
What is Lemma?
Lemma.Finance is a DeFi project that generates superior, sustainable yield by automatically basis trading user-deposited assets in a non-custodial way. It allows investors to diversify away from lending protocol generated yield and carries a different risk profile than Yearn for investors looking to make greater returns.
What is Lemma Stablecoin-USDL?
Lemma is the issuer of USDL, a USD-pegged stablecoin that is decentralized, 100% capital efficient (depositing 1 USD of ETH returns ~1 USDL), and yield-bearing when staked. Users of the protocol are able to mint USDL with cryptocurrencies such as ETH and redeem USDL for 1 USD worth of cryptocurrency at all times on Lemma in a permissionless and non custodial way.
Project 2: Orion Money
Orion Money’s vision is to be a cross-chain stablecoin bank - the best place in DeFi for stablecoin saving, lending, and spending. Orion Money is now working with Anchor Protocol to provide stable yield up to 20% APY. Worth noting that Anchor Rate is powered by a basket of liquid staking derivatives from major protocols like ETH, LUNA and soon SOL, DOT and more.
Telegram: Telegram: Contact @Orion_Money
Introduction of Anchor Protocol:Overview - Anchor Protocol
Introduction by DeFi_Dad: https://docs.google.com/presentation/d/17tmAeLyd-LXFH4D5x7KPMhr4VxCqk8gVHf_FUjp3fkw/edit#slide=id.geb26c4c2c6_0_83
Cast your vote
Orion Money Yes
Orion Money No