What Is OtherDAO (OTHR) Coin Review ?Complete Guide Review About OtherDAO

What Is OtherDAO (OTHR) Coin Review ?

OtherDAO is a NFT-based liquidity provisioning protocol with a price-agnostic revenue model based on a complex yield farming strategy for by .price-agnostic revenue model means that do not rely on price action or inherit any form of $OTHR inflation to fund protocol participation incentives. Instead, staking rewards come from the collective yield from DAO-owned portfolio. have developed a state-of-the-art yield optimization algorithm to ensure that holders receive maximum returns.

OtherDAO DAOs are nothing new in DeFi, typically incentivizing protocol participation through native-currency inflation, rewarding participants by positively rebasing the supply of the protocol. This works but comes at the dilution of other protocol participants who cannot keep up with the inflationary aspect.

OtherDAO (OTHR) Storage Key Points

Tokenomics

OtherDAO The native token behind the is $OTHR. $OTHR boasts an initial supply of 1,000,000 and inherits no form of inflation in order to encourage protocol participation, meaning supply can only increase through an increase in treasury assets (i.e., through bonding). Initially, sent 65% (650,000) of $OTHR to the Copper Liquidity Bootstrapping Pool (LBP), which is an effective platform to raise initial liquidity for the , as well as reserve funds. An LBP also acts as the fairest token distribution method among early investors, disabling early investors from purchasing large amounts of the overarching protocol.

How is $OTHR Bcked

OtherDAO maintains a static peg, whereby each $OTHR is physically backed by a value to be determined post-copper, providing price-assurance and stability to investors. In addition, $OTHR is a pioneer in the concept of ‘yield-backing’, whereby each $OTHR token is backed by sustainable and perpetual yield. These two forms of backing combine to make $OTHR the first yield and asset-backed governance token.

Beating The Bear

OtherDAO protocol has a unique bear-market solution giving investors a risk-off method to accumulate $USDC. To do this, the DAO uses any treasury funds generated to purchase by NFTs and farm them for staking rewards.

OtherDAO Even during price drops, the same staking rewards are distributed to the remaining holders with increased APR payouts. pay more when the price drops. pays extremely attractive staking rewards in $USDC.

Bonding

OtherDAO bonds are the primary mechanism for Treasury inflows, and thus, the growth of the protocol. Bonders commit a capital sum upfront and are promised a fixed return in $OTHR when the bond matures. Users get to purchase bonded $OTHR at a discount to market price.

How we’re Different

OtherDAO are attractive to investors due to the discount they bring in comparison to the market rate of an asset. For example, a new investor seeking to enter the protocol through $OTHR exposure will be faced with two options:

Purchase $OTHR on the market through a DEX (immediately accessible)

Purchase $OTHR through bonding at a discount to the current market rate ([INSERT LOCKUP])

In both scenarios, an investor seeking to actively participate in the protocol (i.e. through staking $OTHR for passive, sustainable, and uncorrelated $USDC yield) will be better off purchasing $OTHR through bonding.

The Issue with Previous DAOs

Former mega-DAOs, such as Olympus, typically offered unsustainable and inflationary native-currency ($OHM) returns to protocol participants, leading to a time-weighted contradiction:

Purchase $OHM on the market through a DEX

Purchase $OHM through bonding at a discount to the market rate, conversely giving downside exposure throughout the vesting period (whereby tokens are inaccessible)