TO THE OTHERDAO
OtherDAO is a NFT-based liquidity provisioning protocol with a price-agnostic revenue model based on a complex yield farming strategy for Otherdeeds by Otherside. Our price-agnostic revenue model means that we do not rely on price action or inherit any form of $OTHR inflation to fund protocol participation incentives.
Instead, staking rewards come from the collective yield from our DAO-owned Otherdeed portfolio. We have developed a state-of-the-art yield optimization algorithm to ensure that our holders receive maximum returns.
BEATING THE BEAR
The OtherDAO protocol has a unique bear-market solution giving investors a risk-off method to accumulate $USDC. To do this, the DAO uses any treasury funds generated to purchase Otherdeed by Otherside NFTs and farm them for staking rewards.
Even during price drops, the same staking rewards are distributed to the remaining holders with increased APR payouts. We pay more when the price drops.
OtherDAO pays extremely attractive staking rewards in $USDC.
OTHERDAO IN NUMBERS
OtherDAO bonds are the primary mechanism for Treasury inflows, and thus, the growth of the protocol. Bonders commit a capital sum upfront and are promised a fixed return in $OTHR when the bond matures. Users get to purchase bonded $OTHR at a discount to market price.