We are thrilled to announce this path Zignaly is taking! We present to you ZigDAO ⏰
In this article:
What is a DAO?
A Decentralized Autonomous Organization is a community-led system, meaning it is a democratized organization.
Goals include being completely straightforward to pull off decisions for the future of the organization.
Why choosing ZigDAO?
This is part of our long-term vision and mission for why we created Zignaly.
We will do the hard job and create dynamic financial tools while remaining completely open, transparent, decentralized and user controlled.
The holders will delegate their tokens to the community members that they trust most, so they can represent them in a council. And it gets better! The final mechanism could change completely if the community decides to go for it.
The 7 layers
The Zignaly protocol is hosted by Polygon. However, the bridging layer provides a secure way for the money manager to transfer assets from one blockchain to another and operate there.
We believe in transparency. That's why we share the track record of our strategy managers as they are.
Each service from the marketplace will have its own token. When someone connects to a service, they will buy tokens. When they disconnect, they will sell tokens.
ZigDAO looks for a fair, fast and transparent decision-making process. We try to avoid the 1-token/1-vote framework and strive for reaching a “rough consensus”.
The interface will connect with Zignaly DeFi. It will be easy to use so that people do not need to understand what staking, validators, lending, futures/spot, or even crypto is in order to use it.
There are many different ways to make money with blockchain technology. Some examples include trading in CEXs and DEXs, farming/staking, playing with NFTs, and lending and validating transactions. We will keep our agnostic approach and not build all those options.
ZigLab is the business unit that created the vault, ZIGPad and raffles. It has three purposes: exposing Zignaly to other communities, providing benefits for ZIG holders, and creating opportunities for strategy managers.
ZigDAO will be powered by the ZIG Token.
To reward ZIG-holding DAO members, we’ve also set a target of achieving 10 billion TVL and 100 Million+ in transactions per month, by the fourth quarter of 2023. We believe that ZigDAO.com, using the ZIG token, will generate $3 Billion or 30% in returns from the targeted TVL annually.
Just answer three simple questions and you will hear back from us soon 😉