Singapore, Singapore–(Newsfile Corp. – November 29, 2021) – RaDao, the new member of OHM family. Everyone knows the famous OlympusDao, Algorithmic Currency Protocol. RaDao is born to carry its successor’s mission.
Majority of experienced crypto holders know the Olympus ($OHM) big bang surge. RaDAO is a fork of OlympusDAO. When the great $OHM has successfully helped its users and become more stable, the opportunities for new users are significantly low.
RaDao knows how the market works, therefore the company is here to help new users have a second chance for success when they missed the OHM hierarchy.
The decentralized reserve currency, RaDAO, is building a community-owned decentralized financial system to bring more stability and transparency for the world, and help everyone get an opportunity to be financially free.
Figure 2: Introducing RaDao, the new member of OHM family.
- Bonds refer to the process of trading Liquidity Provider (LP) tokens for RA tokens at a discount (below market price). Bonding is the secondary value accrual strategy of RaDao; Bonding is an active, short-term strategy and bonding allows RaDao to accumulate its own liquidity.
RaDao bonds are vested for 5 days and are paid out per block height. For example, if users were to purchase a bond, after the first day they would have received 20% of the vested amount; then 40% after the second day, etc.
- There are 3 pool bonds of RA: The main one is: RA-BUSD, BUSD, USDT. An example when users buy an RA bond: They can buy 10 RA on Uniswap at $100 each, they can buy 13 AXE bonds for $100 total and receive the same amount after 5 days.
Overall, this is a compound profit for users as well as helping RaDao maintain its LP- Liquidity and being a balance and developing crypto just like the $OHM, maintaining its successor’s mission: “Heal the world financially.”
As for now, it’s just the beginning of RaDao, with the significant high APY% on return, RaDao’s future will soon become DeFi 3.0.
The benefit of staking is intriguing, with this current APY%, it’s the continuous growth. However, the community still play an important role in RaDao performance. The longer users hold their $RA, the better increase in price of $RA. That’s why RaDao is owned by the community.
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