Experiment with DAO compound staking
This is a high risk investment! I just do it, because I want to learn.
What is DAO compound staking?
A DAO is essentially a decentralized corporate governance structure built around crypto.
DAO = Decentralized autonomous organization.
Compound staking = Cumulative staking rewards
DAO landscape
I did my experiment with 3 different DAO’s which has low gas fees. So I did not use the big one Olympus DAO.
ROI (5-day rate) in %
WonderlandDAO TIME/MEMO
TVL (Total value locked) in Mio
Price
Staked
Value of Investment in $
HunnyDAO LOVE/KISS
TVL (Total value locked) in Mio
Price
Staked
Value of Investment in $
KlimaDAO KLIMA/sKLIMA
Price
Staked
Value of Investment in $
Are these DAO’s a Ponzi Scheme?
There are some videos out know (1 feb 2022), telling that some DAO’s are a Ponzi Scheme. I can not judge, as as I do have to less information and I do not know, what the exact definition of a ponzi scheme is. My stomach feeling is, “yes it is a ponzi scheme”. As I said in the beginning, for me this is just an experiment to learn. So I will keep my small “learning money” in and see what will happen.
Video from Kris “Why I Sold ALL of my TIME Wonderland”.
Video from Anastasiia “Why Time Wonderland is Closing”.
Summary
First Summary End of Q1 2022
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