Doob DAO

What is DoobDAO?

A new, category-defining asset class allowing smart investors to build their wealth by hedging. It is a decentralized treasury-backed currency on Binance Smart Chain that maintains a value of at least 1$ USD. However, DOOBDAO is not pegged to anything and therefore can have a value worth more than 1$ USD providing its holders with a potential for great upside.

Why does DOOBDAO exist?

DoobDAO is a FORK of OHM, but with fresh start and low marketcap for those who missed out on OHM and are seeking new opportunity.

How does DOOBDAO work?

It is a currency backed by multi-asset stablecoins. It is a currency of which the treasury and reserve are protocol controlled. It is a currency driven by a community-governed protocol.

At a high level, DoobDAO consists of its protocol managed treasury, protocol owned liquidity, bond mechanism, and high staking rewards that are designed to control supply expansion.

Bond generates profit for the protocol, and the treasury uses the profit to mint DOOBDAO and distribute them to stakers. With LP bond, the protocol is able to accumulate liquidity to ensure the system stability.