The world of finance is on the brink of disruption. Centralised financial governance schemes have seen their pinnacle of innovation. The rule of CeFi has become disconnected from the needs of the average citizen. …
During the first weeks of 2021, Mission Control focussed on preparing a second push on the SPICE DAO and making progress on the product side of things. While price activity and volumes were minimal, the team made best use of the time to relaunch the website, launch a new index, ramp up communications firepower and launch some fun campaigns. Here is a rundown in more detail.
The SPICE token has several use cases. Foremost, it is a governance token that enables the SPICE DAO and enables its holders to submit proposals and vote on proposals that pertain to issues surrounding the DAO itself as well as to governance of the index products that SPICE DAO launches.
The SPICE token has another utility: it acts as a substitute for management fees and integrates SPICE index products with the SPICE DAO. Management fees, as known from ETFs reduce the yield of the product and only benefit the issuer of the ETF. Holders of SPICE benefit from the value…
Here is an overview of the liquidity farming options that will be available and how the community can participate.
// Please note that the SPICE liquidity farming structure has been updated based on a proposal to improve long-term value creation for the SPICE DAO community. The new structure will be effective as of the date that the DAO vote was live, i.e. February 12, 2021. Read up on the details here.
In order to incentivise the provision of liquidity and growth on DEX tradability for SPICE DAO’s index products as well as rewarding early index investors/hodlers, Mission Control allocates a…
The SPICE DAO officially launched the Galactic Blue Index — $GBI, the second index fund of the DAO, focused on giving investors exposure to the most trusted digital assets in the space, covering the most relevant sectors of the DeFi and crypto value stack. This recap summarises an AMA hosted in the Telegram Community Channel with core team members, ‘Lucky Picard’ and ‘Rick Mortensen’.
Question: What type of performance should we expect from a blue-chip crypto index fund?
Rick: Can’t predict the future ;-). But what I’m confident is that GBI is a great way to get exposure to the…