5/5/2023 0 Comments Magnet dao![]() Early exposure to new protocols, without the arduous process of searching and filtering through thousands of dead-end projects.Accessibility to investments that are typically only available to Venture Capitalists and Angel Investors.Diversified treasury - a small, but important, level of exposure to projects that can yield explosive growth and value creation.Magnet holders receive the following benefits from this model: Given that the incubation is an innovative, never-before-seen core component of Magnet DAO, a deep-dive into the concept is only justified. We intend to license out this tooling to other DAOs in the future. We want our governance system to be as smooth as possible and believe it is essential for us to develop a user interface that is seamless to use, so that all token holders (members of the DAO) can have an impact. The first protocol that will be built is a native DAO tooling interface, which will be used for Magnet DAO. The Magnet DAO team will also incubate these projects to ensure overall success, and our community will play a significant role in helping our incubated projects scale. The DAO committee will govern the use of the treasury set aside for new projects, deciding which types of projects to invest in as well as allocated amounts. All this, while only allocating 10% of the treasury, so even if some projects are unsuccessful, 90% of the treasury is intact, providing a floor value for our token. Magnet DAO’s treasury will thus have investment exposure to projects in their earliest stages, delivering unmatched upside which can result in explosive growth. Magnet DAO aims to utilize a small portion of this treasury to fund the innovative development of new protocols, as well as financially supporting and incubating new projects. This treasury is composed of various tokens which in turn give OHM an intrinsic value that it should never fall below. The premise of OHM is that it is backed by its protocol treasury. Our code’s basis is formed around a fork of the Olympus DAO protocol, but integrates unique twists on how we are able to access the treasury. This concept is all possible because of the Magnet DAO’s protocol of controlled value, and the bonding/staking mechanism that Olympus DAO first introduced. Additionally, MAG will drive an incubation strategy, helping other early-stage projects with growth, marketing, and investment across a variety of protocols. This first-of-a-kind DAO will develop and nurture projects in-house. Magnet DAO conceptualizes a revolutionary approach, in which this gap can be bridged. These types of investments are generally restricted to VCs, Angel Investors, and the founding team. ![]() For the average investor, it seems next to impossible to invest into projects while they are still in their early stages, let alone when they are at the ground-level of development.
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