SIMIAN'S DISTINCT DAO FUNCTION

Over the past few years, DeFi has witnessed the emergence and dissipation of several DAOs (Decentralized Autonomous Organization). These organizations were built to create value for the community - investing in large treasuries, protecting the investment and implementing strategy through community voting, and enjoying the benefits of staking their token for long-term rewards. When the bear market sneaked in, the reward systems implemented by several DAO treasuries became unsustainable. There are many reasons for this, including mismanagement, inconsistent leadership, unsustainable practices. If something is not done to provide the community with more transparent leaders, the DAO space could become a portal of failed projects.

SIMIAN's DAO system is that leader. The true nature of the DAO is to provide stakeholders within the community with a voice and opportunity to help guide the project and its Overall Ecosystem. When the size of the treasury is the only measure of value, then many become frustrated and leave due to diminishing gains. Simian's DAO system wants to bring back the most fundamental part of a DAO; providing a community voice that creates social change. Building a war chest for political advocacy and rewarding staked wallets will always be integral in running the DAO. Still, its primary purpose is to provide a democratic vote to guide the voice of DeFi.