How Do We Grow to Trust People?

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A, how do we grow to trust people? I guess it's prettyke consistent with web three and defi in its own right. You verify you don't trust m, so it's yu, verify bason,. If it's your first and to discord lake, were pryin not to trust you. But you can quickly gain trust. The other is just, like, puren cy, hard work. And then there all is also the aspect, ahem, like, where we live, a yo, know, you just don't want added trouble. Ays, like, one person needs to be responsible for the dow and they're just oing to pick

SquidDAO is an “Economic Flywheel denominated in Ethereum.” What does that mean? Good question, I wondered too. It’s basically a conspiracy amongst anonymous people on the internet to make money together. And anyone can join! I dug in with a few members to see what it’s all about.

They sell NFTs, they issue tokens, they invest a treasury… they earn money! And they share it with token and NFT holders.

This is my first pseudonymous podcast as well as the longest one I’ve ever done. In this episode, we explore a relatively new web3 project, Squid DAO, with a few guys I only know by their online handles. Squid DAO is described as an economic flywheel backed by Ethereum and is part company, part DeFi investment fund, and part NFT project. SQUID is currently trading for roughly the value of the assets it holds in the treasury, which could make it a great investment opportunity. Squid DAO is a great microcosm of the world of web3 as it is essentially a megatron of the various forks of web3 projects, which makes it a great learning opportunity.

We explore the economics of the DAO and why it is denominated in ETH rather than dollars. It can be valued via income derivative, the multiple on the treasury, or what it is trading at against what is on the balance sheet. Recently, a new governance proposal was passed making Squid and NFTs productive assets so that users may better run analyses. ETH is considered the best index and essentially operates like cash for the DAO.

We wrap up the episode by talking about how to learn more and get involved. Squid DAO’s Twitter and Discord are great ways to learn more, but the best way to gain mastery is by investing your own money. If looking to get involved, you can help with whatever skills you have to offer, be it marketing, as a developer, a degen or coding strategist, or someone with a web2 background.

Links:

Squid DAO NFT Auctions

Squid Docs

Squid Treasury Dashboard

Squid Discourse (Governance Forum)

Olympus DAO

Index Coop

SquidDAO Discord

The Squids on Twitter

@SquidDAO

@BigSquid0x

@Zoption