What’s ZeusDao?
ZeusDao is an upgraded OHM fork built on the Polygon with creative features.It’s a kind of Decentralized Reserve Currency with more stability and transparency. ZeusDao aims to provide DeFi users with a safe world where they can be sheltered from crypto market volatility while benefiting from a set of investment opportunities offering high yields and steady price appreciation.
What is the point of ZeusDAO?
Our goal is to build a policy-controlled currency system, native on the Polygon network, in which the behavior of the $ZEUS token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that $ZEUS can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.
We intend to achieve price flatness for a representative basket of goods without the use of fiat currency, in order to allow the cryptocurrency industry to detach once and for all from the traditional finance world!
How can users participate in ZeusDAO?
There will be 2 main strategies for market participants: staking and minting. Stakers stake their $ZEUS tokens in return for more $ZEUS tokens, while minters provide LP tokens in exchange for discounted $ZEUS tokens after a fixed vesting period.
How can users benefit from ZeusDAO?
The main benefit for stakers comes from supply growth. The protocol mints new $ZEUS 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), stakers would make a profit.
The main benefit for minters comes from price consistency. Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is given in $ZEUS tokens and thus the minter’s profit would depend on $ZEUS price when the minted $ZEUS matures. Taking this into consideration, minters benefit from a rising or static price for the $ZEUS token!
What’s the difference between minting and bonding?
Here at ZeusDao we believe that minting better describes the action that users are taking, when purchasing $ZEUS with different assets. If you are going to Mint, you will be able to mint $ZEUS tokens, effectively selling your assets for discounted $ZEUS tokens. Despite the name difference, the process is exactly the same as a Bond Purchase on Olympus DAO!
So you can say there is no difference between minting and bonding.
Who created Snowbank DAO?
ZeusDAO is a fork of OHM on the Polygon Network. Just like the OHM,Our team is mostly anonymous, born from the DeFi Community. We aim at becoming a Decentralized Autonomous Organization, and we are actively working towards that goal.
Who runs ZeusDAO?
Currently most of the decisions are taken by the core team, but we expect to be able to turn this into a DAO-governed model as soon as possible!
