aspiring to be the DeFi's reserve asset
The governance token of ELO DAO is limited, and ELO DAO is backed by its own liquidity and a portfolio of partners' tokens and investments, working to obtain real incomes, services, and investments in real life while keeping its features as a token, aspiring to be the DeFi's reserve asset
Our Core: BONDS
ELO DAO bonds are a financial primitive for protocols to acquire assets, including their own liquidity, in exchange for governance tokens at a discount. In other words, ELO bonds are a pricing mechanism for any two ERC-20 tokens that do not rely on third parties like oracles. ELO bonds internally respond to supply and demand by offering a variable ROI rate to the market and its users.
liquidity depends on the rent offered by protocols to users for depositing it during a window of time, offering often three-figure returns to users. When the market is bearish, liquidity providers are very exposed to impermanent losses and to the market itself, taking liquidity out of those protocols.
It is at these times that projects realize that they do not own their liquidity, and that they have spent huge amounts of capital renting it for a period of time, without their holders having access to it when they need it most.
This process repeats itself in an infinite spiral that kills most DeFi projects:
With Bonds, now Protocols own their liquidity, solving the negative FlyWheel
Governance & Decentralization
ELO DAO involves its users, holders, and the Partners of our Bonds’ Marketplace.
We have created a protocol that will persist over time thanks to a sustainable design of income sources from the beginning. You can review in the next Cash Flow Diagram the 4 sources of income that ELO DAO has with its initial MVP of the bond marketplace:
We recommend you read our documentation: