RomeDAO is taking the word ‘experimental’ to new heights, proposing a 100% community token allocation, no VC funding, and a reserve currency held stable by rock-solid governance.
Built by a core team of developers, researchers, and community builders from the OlympusDAO community, RomeDAO is based on the audited OlympusDAO contracts. The Ethereum-based algorithmic stablecoin solution backs its stablecoin OHM with DAI and other crypto assets. If the value of OHM drops below the value of DAI, the algorithm buys back OHM on the open market and burns it—if the opposite happens, it mints new OHM and sells it.
However, the team maintains that Rome isn’t a fork per sé, as it includes various changes to the contracts to make them compatible with Moonriver. RomeDAO’s treasury will be backed with three different bond types—Magic Internet Money (MIM), DAI, and ROME/MOVR Liquidity Position.
The experimental EVM-compatible chain launched on the even more experimental Kusama wa
We współpracy z: https://cryptoslate.com/romedao-wants-to-gamify-governance-and-become-the-reserve-currency-for-kusama/
