AladdinDAO Airdrop is a decentralized network to shift crypto investments from venture capitalists to wisdom of crowds through collective value discovery. At a group of world class experts in DeFi known as the Boule identifies the most promising DeFi projects and enables AladdinDAO community members to enjoy the returns of their liquidity mining programs.
As a result, the protocol will help to reduce information asymmetry and optimize asset allocations for the DeFi space overall. Using a unique voting scheme, AladdinDAO hopes to identify, analyze, and provide quality DeFi projects to the community members. Boule Members earn AladdinDAO tokens (ALD) as results of their participation in the DAO.
AladdinDAO Airdrop will be airdropping a total of 10,000,000 ALD to participants of various rekt projects. The airdrop will be divided into ten rounds in which 1,000,000 ALD will be distributed in each round. The top two rekt projects will be selected every week based on community voting to be airdropped. The first round of airdrop will go to the participants of Force DAO and Pickle Finance, in which the poll will be split 50/50 between the two projects.
AladdinDAO will be airdropping a total of 10,000,000 ALD to participants of various rekt projects.
The total pool will be divided into ten rounds in which a total of 1,000,000 ALD will be split 50/50 every week to the top two rekt projects selected by community voting.
The first two projects that got selected for round one are ForceDAO and Pickle Finance.
A snapshot of various Force DAO addresses was taken at block height 12171679.
Pickle Finance’s addresses with a balance were collected from the team’s data.
Force DAO participants will receive 77 ALD per address and Pickle Finance participants will get 1,577 ALD per address.
Eligible participants can claim their tokens from the AladdidanDAO airdrop portal.
Follow their social channels to see the future projects that will get selected for the remaining nine rounds.
For more information regarding AladdinDAO airdrop, see this Medium article and for information related to round one of the airdrop, see this article.
AladdinDAO Airdrop is initially supported by a group of legendary DeFi veterans who act as the first batch of Talent Hunters for the DAO. Talent Hunters can recommend potential Boule candidates for the DAO. Talent Hunters are incentivized to attract talent with best performance records to fulfill the purpose of the DAO. Each Talent Hunter can invite up to 5 Boule Members, and it can include themselves.
To ensure Boule Members come from a diverse background, 20% of the initial Boule Members will be nominated by the Aladdin community directly. All nominees must be elected through a decentralized governance process to be appointed.
Talent hunters are responsible for attracting and recommending potential boule candidates for the DAO. The first batch of talent hunters — are the initial backers of AladdinDAO — are responsible for bootstrapping the talent network. Each of the initial talent hunters can invite up to 5 boule members (it can include themselves).
Boule Members are top tier experts in DeFi. AladdinDAO Airdrop identify the most promising DeFi projects that enable AladdinDAO community members to enjoy returns on their liquidity mining programs. To ensure Boule Members come from a diverse background to fulfil the AladdinDAO’s purpose of collective value discovery, diverse diligence, decision making and community building, initially, 80% of Boule Members are nominated by the first batch of Talent Hunters and 20% of Boule Members are recommended by Aladdin community directly. All the nominated Boule Members need to be elected by the AladdinDAO community through a decentralized governance process.
Like the expansion and contraction of managers for asset management business, the number of boule members will change along with the TVL of the DAO. Top boule members have a promotional path to become talent hunters for the system. The boule members who do not perform, the system will rank them lower and eventually force them to exit the Boule in the down cycle.
Strategy developers at AladdinDAO Airdrop are responsible for conducting technical integration of liquidity mining programs to the platform and writing strategy contracts. In addition to ALD incentives, strategy developers at AladdinDAO also get part of the performance fee from mining rewards.
Anyone can be a AladdinDAO member. We welcome all DeFi lovers to join AladdinDAO.
DAO Mining Mechanism
The AladdinDAO Airdrop Mining Mechanism is designed to continually motivate Boule Members to find quality projects. There are 80% of ALD tokens generated through yield farming programs, of which 31% goes to DAO mining.
The DAO Mining Mechanism works as below.
There are three roles in DAO mining, Boule Members, Talent Hunters and Strategy Developers.
Out of 31% liquidity mining tokens going to DAO mining, 25% goes to Boule Members who identify quality projects, 5% goes to Talent Hunters who invite good talent to the Boule and 1% goes to Strategy Developers who create mining strategy contracts.
In addition to ALD incentives, Strategy Developers at AladdinDAO also get part of the performance fees paid from mining rewards.
Upon the end of an epoch, voting data and pool data are collected and displayed for 48 hours. Data are then sent to contract for rewards calculation and emission. Data collected include:
On each epoch
For each pool
For each Boule Member
Mining profit from the last epoch ( M_iMi )
On each Boule Member join
For each new pool created
Strategy Developer of pool
Governance adjustable variables
DAO Reserve Governance
There are two parts of funds in DAO Reserve
8% of ALD tokens vested over 4 Years Liquidity Mining
AladdinDAO treasury will be managed by the DAO. The funds will be used to build Aladdin ecosystem in the benefit of all ALD token holders. The treasury will provide resources (i.e. code audits, community and marketing expenses) for the community to achieve the mission of the AladdinDAO.
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