AMA Recap: @ Crypto Daku Robinhooders — grand AMA series #1
The Grand AMA (Ask Me Anything) Series this week has started!
The first AMA was held at Crypto Daku, one of the greatest TG Crypto Influencers, and has successfully finished.
Celebrating our product release, we loved sharing our DeFi journey and our innovative strategies. Thank you again for your support and enthusiasm towards the future of money with DAOventures!
Crypto Daku | Crypto Daku Robinhooders
Can you tell us all more about the project, the idea, how it started? And especially why it's needed?
Dennis | DAOventures DeFi Portfolio Strategist
The problem is that DeFi is super complicated to use for newcomers. So many smart contracts to interact with. So many pitfalls to look out for. everyday somebody is getting rugged (like titan today). So we decided that the solution is a one-click process that makes investment decisions for users.
Crypto Daku | Crypto Daku Robinhooders
Can you tell us about the market pie you are trying to conquer, your competitors, and your SWOT analysis for your offerings?
Dennis | DAOventures DeFi Portfolio Strategist
The competitors right now are yield optimizers and aggregators on ethereum you have things like Yearn and Pickle, on BSC you have things like beefy and autofarm.
What we do is instead of just compounding a single asset or compounding a liquidity pool token position.
We grow a balanced portfolio of crypto and use yield farming to juice up the returns. Other competitors would include centralized, traditional asset management firms, which would not be able to compete with our farming rewards.
OK. let's do SWOT.
Strengths: in house devs who building in house proprietary models
Weaknesses: new entrant in the market, BUT we’ve all got years of experience in the industry
Opportunities: lots of ways to make money, but people don’t know how to make money with DeFi. Leave it to us!!! That's the opportunity
Threats: centralized asset managers have got a significant first-mover advantage. But just wait till they see what DeFi brings
Guru | DAOventures DeFi Portfolio Strategist
To add to everything Dennis has said, as you can see with our new product, DAOcitadel, we give you exposure to a basket of mature crypto assets and we give you yield farming rewards as well!
Crypto Daku | Crypto Daku Robinhooders
How do you allocate the funds in the DAO Citadel Vault?
Dennis | DAOventures DeFi Portfolio Strategist
Stonks: equities on DeFi, eg synthetic US stocks like mAAPL.
It’s a market weight index, meaning, the crypto is represented as a percentage of the total crypto market cap.
For example, if Bitcoin’s market cap is 45% of the total crypto market cap, then bitcoin takes 45% weight in our index, then ethereum, stablecoins, and alts, accordingly. Each of these positions is then PAIRED UP as liquidity pairs, to make money in DeFi AMMs. So you get exposure to the crypto not as single spot positions, but as paired assets.
Guru | DAOventures DeFi Portfolio Strategist
The exposure right now is
45% BTC
35% ETH
15% DPI
5% DAI
So you get fees + Yield farming rewards and capital appreciation.
Dennis | DAOventures DeFi Portfolio Strategist
So there are 3 money-making strategies at play in our portfolio like Guru mentioned!
1) capital appreciation
2) trading fees on AMMs
3) yield farming bonuses
ALL WHILE having a balanced exposure to the market.
Guru | DAOventures DeFi Portfolio Strategist
Yeap, most importantly, the vault is balanced daily to achieve to desired exposure!
Crypto Daku | Crypto Daku Robinhooders
With this strategy, it's still high volatility?
Dennis | DAOventures DeFi Portfolio Strategist
The equities strategy is actually a reduced volatility portfolio. I would say you can probably outperform the stock market, and only enjoy half the downside risk of stocks. Best of both worlds for anybody who favors tech stocks.
I think the thought-provoking question is: what do you rate as the chances of Amazon or Google stock shooting up 50% within the next year? But with the DAOventures stonks strategy, this is extremely within reach. Most people will probably rate this as a low probability.
Guru | DAOventures DeFi Portfolio Strategist
But you’re way ahead of the equities markets, cause you get yield farming rewards as well as trading fees!
Crypto Daku | Crypto Daku Robinhooders
What is the current TVL and how you plan to boost it?
Guru| DAOventures DeFi Portfolio Strategist
As we just launched and audited Citadel this week our TVL isn’t very high. But we have a lot of marketing plans coming up, such as Airdrops, our own liquidity mining (DAOmine).
Our plan is to introduce long-term profitable investing strategies for everyone to have their desired exposure to the crypto markets!
Belinda | DAOventures China Co-Founder
We have a series of YouTube videos lining up to market our platform to the DeFi communities and traditional equity investors. Our key is not insanely high APY. It’s the security, easy-to-use product, and smart investment strategies that we are building for the average users.
THE WHOLE TEAM INVESTED THEIR OWN assets too.
Sarah | DAOventures Marketing Manager
Plus, as we mentioned in our press release yesterday, we are planning on a huge airdrop amongst the most enthusiastic DeFi users. To expose our project more in the crypto community
Crypto Daku | Crypto Daku Robinhooders
Nice, can you tell the community about tokenomics and token utility?
Guru| DAOventures DeFi Portfolio Strategist
For token utility, we are creating a staking program (DAOvip) where we share protocol profits with DVG stakers! DVG holders will also be able to vote on future governance decisions!
Belinda | DAOventures China Co-Founder
Feel free to check out the details here: https://daoventuresco.medium.com/dvg-the-daoventures-governance-token-bf7539abae6d
Full detail of token model, utility, and governance here: bit.ly/2MUA0II
Crypto Daku | Crypto Daku Robinhooders
What are the next 100 days' plans: tech-wise, business development-wise, user acquisition-wise?
Guru| DAOventures DeFi Portfolio Strategist
We have got a lot of new vaults coming up:
DAO Stonks
Elon’s Ape
These are the two that have been announced. We are also looking at the possibility of expanding to other chains. You can look forward to a bunch of other vaults, that will be announced in due time!
Victor| DAOventures Co-founder
Tech-Wise:
1. In the next 30days:
- Next immediate priorities:
1. DAOvip & DAOmine
2. DAO Faang Stonks, Elon’s Ape and Cuban’s Ape.
3. Airdrop campaign and BSC’s DVG/BNB auto-compounding
4. Money-Printer Brrrr and Happy Hour
In the Q3 2021:
1. Listing in CeX exchange that is reputable.
2. Close partnerships with Pancakeswap, Quickswap/Polygon
3. Multi-chain yield farming (ETH<>Polygon<>BSC<>HECO)
4. More TVL and innovative DeFi strategies. Aim $100m
5. Prediction market on BSC and Polygon.
User acquisition wise:
1. Airdrop campaign for targeted users on various DeFi protocols. 100k worth of DVG token to be airdrop for DVG stakers
2. Liquidity mining starting soon.
3. DAOvip (xSushi fork). Buying DVG from Uniswap from fees generated from DeFi strategies. Creating BUY DEMAND for DVG token.
We are also partnering and will do some EXCLUSIVE LIMITED IDO for great projects that we are partnering with. ONLY FOR DVGvip token stakers.
WE WILL NEVER STOP CREATING more use cases for DVG token holders and creating value for the community.
Here are some free questions we have chosen among 100+ questions during the Live AMA!
https://app.daoventures.co/invest Yes we do. It's live on mainnet and working.
DAOventures makes money from yield optimization. Every time we harvest yield on behalf of the user, a small portion goes back to DAOventures for gas fees and for providing the service. Consistent portfolio revenue is also used to support the DVG token price
https://www.certik.org/projects/daoventures
Our smart contracts are Certik audited and live on their website. Please check it out
Yes. We are focused on making DeFi user-friendly for the new users. We aim to have different investment strategies curated for different users with different risk appetites.
Please check out our https://app.daoventures.co/invest and DAO Citadel is working and live on mainnet currently.
The team has invested its own $ into this strategy. SKIN-IN-THE-GAME
We use only exchanges and LPs with deep liquidity. For example SushiSwap and PancakeSwap. This helps to reduce slippage costs. Transaction fees on BSC and Polygon are lower, and we are starting to build more strategies there because they are cost-efficient
Few of the things I look for:
1. The team
2. Any project that promises an insane return (like 10000% APR) doesn’t sit right with me
3. Analyse how you are getting rewards from this particular project, are they sustainable?
Our revenue model is a fund manager model.
1. 0.5%-1% network fee on funds deposited to the DAOventures strategies for operational and development costs.
2. 20% fee for profit sharing with the DAOventures protocol sustainability and the DVG DAO community pool.
https://daoventures.gitbook.io/daoventures/frequently-asked-question#business-model
We are considering using Metamask institutional to make better security which helps institutions feel more secure with our solutions!
It was a great experience for DAOventures to see the passion towards DeFi in Crypto Daku Community. Thank you again for all, for participating our first AMA with Dennis & Guru!
We believe in the grand idea that DeFi investment can be simple, through partnerships like this. Stay tuned for the next AMA series as well!
About DAOventures
DAOventures is a DeFi robo-advisor and automated money management platform. Imagine “Robinhood for DeFi”. It is our mission to make DeFi simpler, accessible & inclusive. We believe in creating a simpler, more accessible, and more open world that is permission-less, inclusive, and guided by our DNA of continuous learning, integrity, and transparency.
