The Beauty of Def, Sira, I's, It's So Nice.

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A lot of the stuf that i work on a drad by is these super hin strategies, right, that have really fasteniti stuff going on. But this truly kind of democratizes access to the best and most intimate ofstrategies possible. If they lock they get that vote. If they buy an nft, they get a piece of that revenue. It's such a stark contrast wright u around the democratization of of the opportunity itself. Younow that that person,. n that buyer, has the same access to the same benefits of all of this thinking, and all of the v cs being involved and the whales being involved. I's, it's so

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