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SQUID

Connect Wallet

DASHBOARD

AUCTION

STAKE

LOCK

BOND

Bond discounts

SQUID-ETH LPSold Out

WETH v2Sold Out

DISCOURSE



DOCS



GOVERNANCE




WHAT IS THE SQUID DAO?

On October 20, 2021, an anonymous group of DeFi veterans came together to launch
Squid DAO. These anons believed they could leverage the economic successes
popularized by the Olympus and the fundraising mechanisms introduced by Nouns
DAOs to create an economic flywheel backed by ETH.
Thus, the SQUID was born.

Ξ 0
Treasury Balance
0%
Current APY
Ξ 42
Total Value Deposited


HOW DOES IT WORK?

The SQUID DAO takes ETH into its treasury via two main mechanisms:
the NFT Auctions and Spawning



Excess ETH, beyond the 1-1 backing,
is used to mint additional SQUID which is given to the hibernators.

ETH in the treasury is Deployed to defi to generate yield
This yield allows for more SQUID to be minted for hibernators
Fees generated by the protocol are also shared with long-term hibernators


IS THE NFT JUST AN AMAZING PROFILE PICTURE?

1
Acts as a claim on the fees generated by the protocol
2
Grants voting power over the direction of the dao
3
Provides exclusive access to hidden chats and networks throughout the Squid DAO
ecosystem


LIQUIDITY ACCUMULATION

Protocol Owned Liquidity Value
Ξ 0
Protocol Owned Liquidity Percentage
0.00%

The Squid DAO treasury owns almost all of the liquidity of its token. This
grants two major benefits to the DAO.

Firstly, it grows the treasury value via the trading fees collected.

Secondly, it allow for user security as there will always be ever deepening
trading liquidity for those that wish to increase or reduce their holdings.

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