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AladdinDAO

ALD

  • Investment DAO
  • DAO
Established Year
2021
Operating Status
Active
Ecosystem
Ethereum
AladdinDAO is a decentralized network that shifts crypto investments from venture capitalists to the wisdom of crowds through collective value discovery. The AladdinDAO Boule, a group of world-class experts in DeFi, identifies the most promising DeFi projects and enables AladdinDAO community members to benefit from their liquidity mining programs. This protocol helps to reduce information asymmetry and optimize asset allocations for the DeFi space as a whole.

Organisation

Team

Financial Portfolio

Investment

Lambda Finance
Lambda Finance
N/A
$1.8 M

Frequently Asked Questions

What Is AladdinDAO (ALD)?

[AladdinDAO](https://coinmarketcap.com/de/currencies/aladdindao/) is a decentralized network to shift crypto investments from venture capitalists to the wisdom of crowds through collective value discovery. The problem AladdinDAO solves is, in plain English, to battle information asymmetry and help retail investors filter the signal from the noise. With the advent of DeFi, many yield farms popped up, but many died just as quickly, taking user funds with them. AladdinDAO aims to develop a mechanism to help retail investors decide which yield farms to hold. The protocol is fundamentally a three-sided marketplace: it helps DeFi projects source liquidity by connecting them with yield farmers seeking the most reliable assets. A council curates the best farms and receives ALD tokens as a reward. This council is called the Boule, which is the collective brain of AladdinDAO and is incentivized based on its contribution value, which is calculated once every 14 days. It consists of an elected batch of DeFi veterans that are voted in by so-called talent hunters. At launch, these talent hunters are initial supporters of AladdinDAO and feature names such as Polychain Capital, Alameda Research and CMS. 80% of the initial Boule members are nominated by talent hunters and 20% by the community. Each talent hunter can propose up to five Boule members. All nominees then go through a decentralized governance process to get appointed. Other roles feature strategy developers that conduct technical integration of liquidity mining programs to the platform. Boule Plus members are a reserve to Boule members and can be appointed in subsequent periods. The requirements to become a Boule Plus member are to stake a certain amount of ALD, provide a verifiable Twitter handle and pass an AladdinDAO quiz to verify knowledge of the protocol.