As the use of cryptocurrencies increases, so does the way they can be used. One way investors are using the platform is through investment opportunities that provide passive income. This is done via a DAO such as FantOHM, which will be described later.
But to excite you, FantOHM is currently posting over 105,000% APY and a 10% 5-day rate of return on investment! You’re crazy, right?
What is DAO?
Decentralized Autonomous Organizations (DAOs) are companies that do not have centralized leadership. Decisions are made at the grassroots level and are managed by the community that establishes the rules and implements them on the blockchain.
DAO is a self-organized organization that exists online and is owned and controlled by its members. It has built-in finances that cannot be accessed without member approval. Decisions on behalf of the group are made through the suggestions presented within the set time frame.
DAO is a decentralized autonomous organization that can carry out a wide range of activities without hierarchical management. Freelance networks where contractors pool money to pay for software subscriptions, charities where members vote for donations, and group-owned venture capital firms are all possible applications for these organizations.
It is important to separate the Internet native business DAO from one of the first organizations of this type, DAO. In 2016, a project called DAO was formed and eventually failed, causing a major disruption to the Ethereum network.
How does DAO work?
DAO (Decentralized Autonomous Organization) is a bottom-up decision-making company held by a group of people. Tokens can be used to participate in DAO in a variety of ways.
DAO works with smart contracts. Smart contracts are a type of computer code that is automatically executed when certain conditions are met. Smart contracts have been used since they were first used by Ethereum, but are now being deployed on multiple blockchains.
DAO rules are established by smart contracts. Those who have invested in DAO have the right to vote and can vote or create governance proposals that shape the functioning of the organization.
This method disables the flood of proposals to the DAO. Proposals are only accepted if approved by the majority of stakeholders. How to reach the majority varies from DAO to DAO and is outlined in smart contracts.
DAO is completely autonomous and transparent. DAO works on an open source blockchain, so anyone can view the DAO code. All financial transactions are recorded on the blockchain, so anyone can audit the built-in finance.
Look at FantOHM
According to its website, “FantOHM’s main function is to provide a safe place to park returns during the waiting period, while allowing FHM holders to earn passive income through compound interest. That is. “
Stakers bet FHM tokens in exchange for more FHM tokens, while Bonders offer LPs or other viable tokens (MIM, DAI, etc.) in exchange for discounted FHM tokens after a certain vesting period. (That is, tokens will be dropped on you little by little).
You can buy or redeem FHM tokens at Spooky Swap. Watch this video below for more information.
Where is FantOHM heading?
FantOHM is working to become the leader of stablecoin. Announced this week, FantOHM has created a USDB behind FHM. This greatly boosts FHM and the platform, burning FHM and creating rarity.
Put your money to work for you
Get up to 32% APR with Stablecoin paid in #stablecoins ..
There is no risk of capital loss, it is guaranteed!
Join us on March 25th for more information! https: //t.co/OQCzj4v97P#usdb #DeFi $ usdb pic.twitter.com/rzJjqF4lJJ— USDB (@USDB_) March 5, 2022
I will let you know. $ USDB-The DAI pool, A Dai-abolical Balance, is available at https://t.co/bYeEHb8ShU.
This is the first step in a journey of innovation and scalability.
Check it out: https: //t.co/udFPAJ8jDD
— USDB (@USDB_) March 8, 2022
Why is this great for FHM holders?
This greatly boosts FHM and the platform, burning FHM to create USBD and creating rarity. The idea is that this will add to the value of FHM’s price. Higher prices and staking will bring greater benefits to FHM holders.
We recommend that you do your own research before investing in a product. But FantOHM is certainly a great opportunity, and when properly managed, it can bring great benefits to the community and generate the passive income that everyone wants. With the platform moving to introduce USDB as one of its products, it is on the road to becoming a leader in DeFi and DAO.
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