BinaryDAO
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Introduction
Earn Premium DeFi Yield With $BYTE
What is BinaryDAO?
BinaryDAO is a new DeFi primitive that helps users gain exposure in DeFi yield and deals through its native BYTE token, and create exponential value and unmatched upside for BYTE token holders. It achieves this by putting its treasury to work and generate return through liquidity providing, partnering and investing in early-stage projects: opportunities that are typically not available to the average investor.
What does BinaryDAO do?
We are a Yield DAO. We grow our treasury by investing and providing liquidity in the Metis ecosystem and we also offer users the ability to mint BYTE tokens by locking up stablecoins. By staking BYTE, you gain access to the amazing yield generation our team of experts are constantly optimising and managing.
We have a long-term vision and partnership with Metis and will continue to be a core element of and contributor to the ecosystem for years to come. Due to the profit sharing model we have created and the power of compounding interest, the longer users stake in our protocol, the more exponential returns they will receive.
How do I participate in BinaryDAO?
There are two main strategies for market participants: staking and minting. Stakers stake their BYTE tokens in return for more BYTE tokens, while minters provide LP tokens or USDC tokens in exchange for discounted BYTE tokens after a fixed vesting period.
Who created BinaryDAO?
Our team is mostly anonymous, born from the DeFi Community. We aim at becoming a Decentralised Autonomous Organization, and we are actively working towards that goal.
Who runs BinaryDAO?
Currently most of the decisions are taken by the core team, but we expect to be able to turn this into a DAO-governed model as soon as possible!
Last modified 3mo ago