Redpill me on OpenDao

[Anonymous No.29774454]

Anyone paying attention to this?

[Anonymous No.29776038]

>>29774454
I am, it's a solid project.

[Anonymous No.29777254]

>>29774454
Shhh, don't talk about it yet.

[Anonymous No.29777560]

>>29774454

Marketcap: $18,749,926
TVL: 72 million
Partners: REN, UMA, Elrond, OCEAN, DSD, ALGO, more to be announced soon (confirmed on telegram).

>when you realize that OpenDAO plans on creating stablecoins for national currencies

>when you OpenDAO is partnered with REN, UMA, Elrond, OCEAN, DSD, ALGO with many more unnanounced partnerships and a sushi, aave stablecoin rumor

>when you realize that the lead growth manager for AVAX was hanging out in the telegram trying to contact the founders

>when you realize that the OpenDAO and UMA founders have been friends for years prior to their respective projects

>when you realize that you're looking at the premier perpetual stablecoin minting machine that will also bring millions of dollars of real world assets on-chain

>when you realize opendao smart contracts will be implented on elrond mainnet

>when you realize that the founders have successfully brought millions of dollars worth of property on-chain in their previous project, konkrete.io

>when you realize that the projects partners are sitting at marketcaps ranging from 50x-300x the marketcap of OPEN

>when you realize that OPEN smart contracts will allow you to purchase real world items ranging from automobiles to property without having to interact with a bank

>when you realize that the protocol creates entirely new forms of credit and value for traditional finance and is also novel lending mechanism that is completely new to DeFi

>when you realize that you're staring in the face of a project situated to do a NEO-2017 type run straight in the face and you're still early.

>when you realize that the protocol is going to see UMA perps brought over this month which will see TVL explode towards a billion

>when you realize that most people don't understand what the project even does, nevertheless the value of its connections and partnerships.

>when you realize /biz/ will still chase shitcoins instead of a future top 50 project and DeFi blue chip.

[Anonymous No.29777607]

>>29774454
I have a small 3200 stack.
It's basically a competitor to MKR I believe, but with more of a focus on bringing off-chain assets into the mix.
All in all a very based project.
Haven't heard any decent fud besides '''muh pajeet devs."
I also looked into OIN but it doesn't seem as good.

[Anonymous No.29779293]

>>29777560
When you realize /biz is gonna buy my bags when price is $25 because biz is ALWAYS late.

[Anonymous No.29779588]

>>29774454
Bullish project. Governance will basically be free money printer

[Anonymous No.29779736]

>>29774454
OpenDao creates stablecoins for other cryptos, which can be backed by both on-chain and off-chain collateral. the project has a lot of partnerships on the way and their team has been 100% transparent so far.
also, the recent dump was caused by a token release. the next one isn't for another 3 months.

[Anonymous No.29780083]

>>29777607
Pajeet FUD should be reserved for anynomous team shitcoins. This project has actual product to deliver

[Anonymous No.29780503]

>>29779736

[Anonymous No.29780826]

>>29780503
indubitably, fren. indubitably

[Anonymous No.29781332]

I posted a wtfwt thread this morning and it went entirely ignored

[Anonymous No.29782335]

>>29777560
This is a big ass pill
ansd biz will ignore it because its not named after a dog, a food, or mcdonalds