Introduce AladdinDAO

Scaling DeFi

DeFi has proven to the world that crypto is here to stay.

Ever since the DeFi summer in 2020, billions of dollars have entered DeFi, harvesting yields, deploying complex strategies, and exploring the boundaries of truly permissionless finance.

But one problem remains unsolved: hacks and rugpulls have consistently rekt many.

What if you could be part of a community where DeFi experts vet the good farms from the bad?

Introducing AladdinDAO…


The idea to launch Boule Plus didn’t come out of a whim.

In fact, we didn’t plan to launch Boule Plus until we saw a flood of applicants to join the original Boule Council.

Then it struck us how important it is to involve as many community members as possible in our DeFi experiment, rather than dogmatically adhering to the original design.

That’s not to say that our original vision of “Farm with Big Brains” has changed. Instead, we added Boule Plus to invite more community members to contribute and share AladdinDAO’s success.

In Brief, AladdinDAO has:

  1. Boule Council who vote through ALDVOTE: the…


Investment DAO

In [PART 1], we dove deep into the definition of DAO and teased apart the difference between a DAO and a DO.

This [PART 2]article aims to dig even deeper into Investment DAOs and argues why Investments should be DAOed. We believe that Investments benefit the most from a DAO structure, and are poised to disrupt the existing Asset Management landscape.

This new structure is particularly enticing in the Investment space, because it frees talented people from TradOrg’s boundaries and allows them to connect and evolve together.

Crypto Investment isn’t a lonely game

But that’s not why Investment should be DAOed. The biggest reason that DAO…


A DAO is not an investment thesis. It is a crypto-native org structure designed for the new digital economy.

The Nature of the Firm

When the crypto community rushes to worship the DAO, many forget why people form organizations in the first place. To understand DAOs, we need to understand the origin of firms.

As Ronald Coase pointed out in “The Nature of the Firm,” companies emerge because they are better equipped to deal with the transaction costs inherent in production and exchanges than individuals are.

In plain English, companies exist because they offer quality products and services at competitive cost structures. This economic explanation…


In the early days of AladdinDAO, we designed a nomination mechanism to fulfill the vision that asset management should be decentralized.

Every “pleb” should have the “privilege” to “Farm with Big Brains.”

Our initial game plan is that a handful of you would be interested and apply to join the Boule. We will run a community selection and elect the 30 winner.

How wrong were we. When we saw that a whopping 1600 of you applied, we realized that the old way of Boule Council management would fail to engage every community member.

d

Here is our dilemma: How do we…


TLDR

  • 1,642 members participated in AladdinDAO’s 3rd Quiz
  • 1,062 scored at least 60 points and will receive airdrop
  • Claim your rewards at https://airdrop.aladdin.club/.

Congrats to those who passed our 3rd Quiz. Many of you demonstrated deep knowledge of our token mechanism.

The results of AladdinDAO Quiz 3 qualifiers can be found in the table.

We have also detected a few participants using multiple accounts. This violates our community rule. In order to protect the interests of the AladdinDAO community, we have excluded these accounts.

*AladdinDAO reserves the right not to issue rewards in the case of bot attacks


How to pick a handful of Big Brains out of 2000 brilliant minds? That’s precisely the dilemma AladdinDAO faces.

Ever since we launched the Boule Council selection on July 9th, we’ve received an overwhelming number of applicants who are eager to participate and contribute.

You are the one that lights up the Aladdin Lamp, no doubt.​​

In order to find the fairest election process, we are proposing the following two options:

Solution 1: General Direct Election

  • Dividing the 2,000 Boule candidates into a group of 100.
  • One election per day. Each election selects one Boule Member.
  • Election results solely based…


TLDR

  • 1,271 members participated in AladdinDAO’s second Quiz
  • A total of 1,192 scored at least 60 points.
  • 1,191 participants will receive Quiz 2 token airdrop
  • Claim your rewards at https://airdrop.aladdin.club/.

Congrats to those who passed our second Quiz. Many of you demonstrated deep knowledge of our token mechanism.

The results of AladdinDAO Quiz 2 qualifiers can be found in the table.

We have also detected a few participants using multiple accounts. This violates our community rule. In order to protect the interests of the AladdinDAO community, we have excluded these accounts.

Don’t forget to participate in our last Quiz. At the end of the Quiz, participants can apply to become Boule Candidate.

*AladdinDAO reserves the right not to issue rewards in the case of bot attacks


Do you know?

AladdinDAO has officially launched Boule Council election. If you have a deep or unique understanding of the DeFi space, join us by filling out the Boule Member Application Form .

Now onto the Quiz:

  • Quiz 3 is starting on 12/07/2021.
  • Participants scoring more than 60 points will be eligible for up to 100 ALD airdrops.
  • The Boule Council application is still open. Hurry up and apply before the deadline!

How to participate:

Hey! Quiz 2 is hard, isn’t it? Yes, we know :) Quiz3 will focus more on the philosophical understanding of AladdinDAO

  • Follow AladdinDAO’s Twitter and…


TLDR

  • 4,831 members participated in AladdinDAO’s first Quiz, A total of 4,630 scored at least 60 points.
  • 2,315 participants will receive Quiz 1 token airdrop
  • Starting from 09/07/2021, you can claim rewards at https://airdrop.aladdin.club/.

Congrats to those who passed our inaugural Quiz. Many of you demonstrated deep knowledge of our token mechanism.

We have also detected a few participants using multiple accounts. This violates our community rule. In order to protect the interests of the AladdinDAO community, we have excluded these accounts.

As a result, 2,315 participants were able to receive 60–100 ALD rewards. …

AladdinDAO

Farm with DeFi Big Brains

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store