I Just Invested in Ums Were Very Quickly Translalating

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Gerard lik: Why would people by the nft in order to get the vote, or stake their long term squid in order to to get a vote? What it would ar some of the things that they're voting on? Sure. So two parts there. One is, wat why would someone do it? A so as if, now it's kind of just like early adoptors, hobbyists, innovators who see this innovation happening and want to take part in it. But now we're very quickly transitioning to besike opportunists stage of it,. We're in contact with a couple of v cs that have realized that if they acquire or win anone n s t auction,

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