AMA Recap: @ MEXC Global
The Grand AMA (Ask Me Anything) for $DVD Warrior was successful!
This time’s AMA was held at MEXC Global TG community, one of the best crypto exchanges, and we received again a huge welcome from the community members.
Celebrating our $DVD Brand new relaunch, MEXC has successfully upgraded DVG to DVD on their platform too.
You can now buy DVD at MEXC: https://mexc.com/exchange/DVD_USDT
Here’s the recap of the AMA with our co-founder Victor!
Introduction
Iris: Today, we’re honored to have Victor Lee, Co-Founder of DAOventures, to our community to give us a more intuitive introduction to their unique project.
Victor, welcome. Would you like to say hello and introduce yourselves?
Victor: Hi everyone, I’m Victor Lee, a cofounder for DAOventures.co. We are a multi-chain asset manager helping crypto/DeFi investors to automate their DeFi investment on various chains. I’m a product lead, strategy and have both corporate and startup experience. Used to run digital innovation at Standard Chartered Bank in China and have crypto investment experience myself. Our team comprises of crypto, fintech, technology background experience. I have been in crypto since 2016. Some of our team members are from crypto.com, ex-Google, ex-UBER and more. Everyone is a professional and in fintech/technology experience in their career!
Questions about the project
Iris: Recently, we notice DAOventures perform this token upgrade post ChainSwap exploit. Can you help us understand the reasons?
Victor: The catalyst for the token upgrade is the unfortunate ChainSwap exploit. Our DVG token price got affected by this hack as well and the team lost $40k from the “Chainswap exploit”.
We decided to rebuild this project by upgrading the token to DVD.
DVD token address:
https://www.dextools.io/app/uniswap/pair-explorer/0xce9add58ec5a07cb643faf7418eb94c193672844
MEXC listing is here: https://www.mexc.com/exchange/DVD_USDT
The launch of this new token allows us to improve the token model for the better interest of the community.
The new features include:
- Burning mechanism
We have upgraded the new DVD token with a burning mechanism that allows tokens to be burnt to reduce overall token supply.
This allows for a new penalty system to discourage the selling of early harvested yield harvesting and encourage users to hold their DVD tokens or it will be burnt which reduces overall token supply.
- DAOvip upgrade
Not to mention the fact that DAOvip is now available with $DVD, we have upgraded DAOvip to a tiered level program, where users get additional DVD rewards for staking in DAOvip.
Iris: Since your last AMA with our MEXC community, there has been quite some product progress. Can you inform our community about your products so far?
Victor: DAOventures is progressing beyond just a normal DeFi asset manager. We are moving towards a multi-chain DeFi asset manager (Polygon, Ethereum, BSC, L2, and more)
Here is what the “multi-chain DeFi asset manager” looks like…
- Layer 1 — Autocompounders on Convex, Sushi, Mirror, Polygon and more,
- Layer 2 — ETF and portfolio strategies on Layer 1; DAO Citadel (Crypto-ETF), DAO Faang Stonks (tokenized stocks on DeFi) etc,
- Robo-advisor with risk management automated for DeFi investors.
Iris: For those who missed the live AMA back then, please read the recap here: https://medium.com/mexcglobal/mxc-ama-recaps-ask-me-anything-session-with-alvin-foo-of-daoventures-dvg-58773fddbe08
Victor: Our DVD staking program just reached 1m DVD staked on our DAOvip program. Our TVL just passed $1m despite the just launched post “Chainswap” exploit.
This is how we intend to create DeFi strategies to help investors to make $$$.
- Diversified Investment Strategies
Curated strategies for every risk profile, the aggregating yield from top farms in the Defi Ecosystem that can all be managed in one place. - Liquidity Mining & Staking
Maximize ROI with liquidity mining and DVD staking pools. DVD hodlers can earn even more with a tiered structure where rewards multiply with the amount staked. - Automated Yield Compounding
DeFi is getting more innovative and more complicated than ever, making it difficult to re-invest your earnings. DAOventures Auto-Compounding Vaults allows earnings to be compounded across pools and assets as frequently as possible.
We are also building towards multi-chain; Polygon, Solana, BSC and Layer2 (Optimism & Arbitrium) yield farming soon. With our upcoming prediction market on Polygon, DeFi investors could even participate in predicting the prices of crypto through our platforms.
Iris: DAOventures has many great partners in the space. Recently there are some news about DAOventures goes full force on Polygon. What plans do you have on Polygon?
Victor: We recently just announced a follow-up collaboration with Polygon.
DAOventures will go full force on Polygon.
Money Printer Goes Brrrr will be the first product to be launched on Polygon. The product is a stablecoin yield farming strategy within the Polygon network. Money Printer Goes Brrrr is built on Curve, QuickSwap, and WexPoly with auto-compounds to maximize returns.
Furthermore, DAOventures plans to continue building and supporting Polygon to expand its functionality on its platform. On the other hand, it will create value for both DAOventures and Polygon communities through various DeFi services.
Another key partner recently is Biconomy. We developed Happy Hour with Biconomy via meta transaction method.
Happy Hour is the time that users can deposit into our strategies without paying gas fees. During these specific Happy Hours, we will pay for the gas fees so that users can deposit without worrying about gas.
Happy Hours is basically an exclusive hour every day 5pm-6pm SGT/HKT (9am-10am UTC) where DAOventures allows users to deposit without paying any gas fee on Ethereum mainnet! Just sign the transaction and you’re good to go!
There is no limit within the HAPPY HOUR. No strings attached.
Iris: Tell us more about the flagship products DAO Citadel and FAANG Stonks
Victor: Sure. Let me get into some details about this strategy and why it is very unique in the DeFi market.
DAO Citadel is a crypto ETF investment strategy. ETF strategies are known to make investor’s money over the long run beating the index.
The exposure right now is 45% BTC, 35% ETH, 15% DPI and 5% DAI.
In a standard portfolio, you’d just buy these coins and then hope they go up but at DAOventures we wanna make sure you get PAID at the same time you’re waiting, so we’ve paired up assets into liquidity provider positions on top DEXes like SushiSwap or Curve.
So for example, we would have a portfolio of WBTC-ETH as a combined position, instead of spot BTC and ETH. WBTC-ETH gets you paid in many ways, while you still keep a responsible allocation in your portfolio.
Money-making is our specialty. And we have automated this, minus the degen risks that are really quite reckless.
We make money in 3 ways, so even if the price of the assets is going down, you’re still making trading fees and yield farming rewards!
You’d still be way better off than anyone holding only spot positions!
See the performance of Citadel ETF strategy.
Feel free to read here: https://daoventuresco.medium.com/introducing-daoventures-flagship-product-the-dao-citadel-vault-f6d069762504
The second strategy is DAO Faang Stonks:
Our DAO stonks strategy is actually a great bear market shelter. It creates a FAANG tech stock basket using ERC20 versions of tokenized US equities.
Don’t wanna lose money?
Take cover here with DAO stonks! Our backtested APR = 57% APR
It has only HALF the volatility of the stock market, and the stock market has only a fraction of crypto market volatility, but you get the yield farming rewards of the crypto market!
You can check it here:
https://daoventuresco.medium.com/introducing-the-dao-stonks-vault-31cfd90d7a94
I personally invested my own $ into the strategies. Because it is real and works.
Iris: What can we anticipate from the token upgrade? More demands and less selling pressure?
Victor: We learned from the DeFi market and how to counter inflation and token demand.
Our objective is very simple for DVD token holders:
- To increase TVL
- To increase token demand (reduce selling pressure)
How it works:
- Just a 1-click to harvest/claim DVD from DAOmine liquidity mining to DAOvip staking
- Add more “weight” to DAOvip to make it more attractive. Up to 500% APR
- Additional DAOvip with different tiers for additional weights. This tier can be used to leverage farming and gamification on user profiles.
Details:
- DAOmine liquidity mining
- Calling yield within 3 days, 50% of the DVD yield will be burn. This is to decentivize farmers and dumpers and encourage longer-term staking.
- DAOvip staking
- All vipDVG token holders get additional APY% on all liquidity mining rewards.
Beginner (1–1k) = 1.2x
Intermediate (1k-10k) = 1.3x
Master (10k and above) = 1.5x
P.S.: On top of staking up to 500% APR, DAOvip stakers also gets exclusive access to “private and public sale” whitelisted IDO programs. This is exclusive for DAOvip stakers only.
Example is: https://t.me/daoventuresofficial/249
Iris: What are your plans to attract more TVL onwards?
Victor: There are 2 immediate plans for us going forward to attract TVL from the DeFi market.
- Short term (6–12 months)
- Get to $100 TVL in the next 6 months
- Develop “customer success” framework
- Build a multi-language strong community globally
- Increase to 10k users
- Partnership with more protocols for growth; ie, Polygon, Quickswap, L2 protocols
2. Medium term (1–2 year)
- $1B TVL
- Scale to 100k users
- Mobile dapp (mega app)
- Cross-chain Swap, cross-chain yield farming,
- Cross-chain daoUSD using staked assets
- Listing in tier 1 exchanges
We understood how to compete in this DeFi market. This is demonstrated by our current traction so far. Our DVD staking program just reached 1m DVD staked on our DAOvip program.
Our TVL just passed $1m despite the just launched post “Chainswap” exploit.
Free-asking Session
Q1. DVG had trouble in recently but your team quickly swap DVG to DVD smoothly and supported investors both on Telegram, medium and other channels. Will you give us more details for your team roadmap next time. Do you have any interesting plan for increasing DVD’s TVL?
Victor: Thanks. Yes. We managed the transition to DVD quite well.
This is our achievement so far:
- Our DVD staking program just reached 1m DVD staked on our DAOvip program.
- Our TVL just passed $1m despite the just launched post “Chainswap” exploit.
- Our next step is to grow user-base and profit for our DVD users. Here is the steps:
How it works:
- Just a 1-click to harvest/claim DVD from DAOmine liquidity mining to DAOvip staking
- Add more “weight” to DAOvip to make it more attractive. Up to 500% APR
- Additional DAOvip with different tiers for additional weights. This tier can be used to leverage farming and gamification on user profiles.
DAOmine liquidity mining:
Calling yield within 3 days, 50% of the DVD yield will be burn. This is to decentivize farmers and dumpers and encourage longer term staking.
DAOvip staking:
All vipDVG token holders gets additional APY% on all liquidity mining rewards.
Beginner (1–1k) = 120% return
Intermediate (1k-10k) = 130% return
Master (10k and above) = 150% return
Q2: What is DAOVentures revenue system? In which ways do you generate revenue/profit? So many projects just like to speak about the long-term vision and mission but what are your short terms objectives? What is your focusing right now?
Victor: On top of staking up to 500% APR, DAOvip stakers also gets exclusive access to “private and public sale” whitelisted IDO programs. This is exclusive for DAOvip stakers only.
An example is “CDZ.exchange exclusive whitelisting for DAOvip stakers for upcoming IDO at PAID Ignition”. Read more below.
Q3: Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Victor: Yes. Thanks
1. DAOmine liquidity mining
- Burning 50% of the DVD yield when farmers withdraw early (within 3 days
- This is an automated BURN
2. DAOvip staking
- All staking programs have tier ranking with more return for more stakers.
Beginner (1–1k) = 120% more return
Intermediate (1k-10k) = 130% more return
Master (10k and above) = 150% more return
Have you enjoyed the AMA with MEXC? We are happy sharing this big news of $DVD with you!
We believe in the grand idea that DeFi investment can be simple, through partnerships like this. Stay tuned for more exciting strategies, DAOmine & DAOvip!
About DAOventures
DAOventures is a smart multi-chain DeFi asset manager.
DAOventures provides a wide range of automated DeFi investment strategies and helps people manage their DeFi assets so that everyone can enjoy the full benefits of DeFi investment with the click of a button.
