Blockchain and Crypto · Finance · Food · Software
1 - 10 employees
Galleon DAO is a Set Protocol ecosystem project founded by Andrew from Set. With his experience working and collaborating with Set since the first version iteration of the protocol, two key opportunities have been identified in the sea of on-chain structured products — an ecosystem poised for exponential growth in 2022 and beyond. Galleon DAO is taking a ‘Scalable EVM first’ strategy where our focus is aligned with Ethereums scaling solutions and significantly growing EVM based networks. At present, the infrastructure laid down by Set enables scaled, fully composable, 100% collateralised structured products to be built. However, there has been a distinct lack of reliable strategy creators and implementors that are comfortable developing and managing index products in light of regulatory uncertainty, liquidity and funding. Galleon looks to create a guild of methodologists with the aim to research, curate, nurture a pipeline of products to be developed in-house or alongside Set ecosystem partners (e.g. our partnership with Beverage Finance) whilst also having the advantage of a methodologist token to bootstrap growth and liquidity via incentives. Distributing structured products through decentralised exchanges is excellent in increasing your product’s reach and total holders, but are you growing? The way products built on Set Protocol work is that value can only be locked and unlocked via an issue and redemption process; once the Set is minted, it can be swapped and treated just like a standard ERC-20 token, but no more value is locked past that point. The problem statement here is that once you hit a certain level of product liquidity, growth tends to stagnate as incentives to issue the product decline. Galleon looks to own a DAO owned distribution platform, specifically to promote structured products in the Set ecosystem and taping into growth loops by incentivising the issuance of these products, increasing DAO TVL and revenue.Something looks off?