Blubber DAO: DAO may be the fastest way for the underlying users to achieve a leap in wealth
“DAO is an unprecedented great innovation in the field of human collaboration. More than 400 years ago, the corporate system gradually matured, but after 400 years, the collaboration between people, the coordination within the organization, and the coordination between organizations will slowly undergo revolutionary changes. This change is DAO.”
You may think that DAO is gradually appearing in the public eye after DeFi, but it is not.
Vitalik Buterin, the co-founder of Ethereum, mentioned Decentralized Autonomous Organizations in the introductory paragraph of the Ethereum White Paper in 2013. Vitalik linked to a piece he’d previously written for Bitcoin Magazine (which he founded in 2011) titled Bootstrapping a Decentralized Autonomous Corporation: Part I, in which he asks and attempts to answer the question:
Can we approach the problem from the other direction: even if we still need human beings to perform certain specialized tasks, can we remove the management from the equation instead?
Institution is defined as a stable mode to regulate human behavior. Many things such as courts, markets and contracts are institutions, including many things that people usually don’t think are institutions. DAO is a system based on computing, which is different from the real system. They promote community governance through a series of smart contracts.
DAO stands for decentralized autonomous organization. The concept of autonomy and decentralization of this organization has appeared long before Web3.
The figure above shows the diverse search trends of autonomy and distributed decentralization. Note that the word “autonomy” was used decades before the word “automated / automation,” even in the pre computing era.
Distributed autonomous organizations were first proposed by American writer ori Brafman in a book called starfish and spiders. In his book, he compares centralized organization to spider and distributed organization to starfish, and explains the difference between them in detail. He wrote in the book:
[a spider is a central (cellular) tissue. If its head is cut off, it will not survive. Starfish, on the other hand, are made up of a bunch of cells that are equal to each other (no center). Each tentacle torn off by starfish can grow into a complete starfish. Starfish and spiders represent decentralized and centralized organizations in the real world. ]
Blubber DAO, as the leader of the defi + DAO track, compares himself to a jellyfish. Blubber DAO believes that today’s defi market urgently needs a democratic and autonomous DAO management mode. In blubber’s view, DAO provides every investor with an equal opportunity to shape their future wealth and have a say in the decision-making process. As the organizational structure is not limited by the traditional hierarchical management line, every innovative idea and suggestion in blubber DAO can be fully considered by the whole organization.
[why blubber Dao]
Blubber DAO is the world’s first community driven decentralized financial activity governance platform, focusing on cross chain asset pledge, lending, asset allocation and other defi products, aiming to build a transparent and decentralized Web 3.0 ecosystem managed by community autonomy. In the development concept of Blubber DAO, the decentralization of financial ecology is the premise and criterion of all financial activities.
Blubber — An interesting name
Unlike Ori Brafman’s comparison of DAO’s autonomous ecology to starfish, Blubber DAO believes that Blubber’s ecology is more like a jellyfish, which is the source of its name.
Jellyfish is an important plankton in the aquatic environment. Its body shape is like a transparent umbrella, and its main component is water. In the concept of blubber DAO, openness and transparency is the basic ecological environment, which embraces the world in a transparent manner just like jellyfish. Liquidity is the most important point for the healthy development of finance, and more than 90% of the jellyfish body is water, which has a natural fit with the super liquidity of financial activities in Blubber DAO.
In addition, jellyfish have many tentacles, which form various colors in different environments, forming a colorful whole. This is very similar to the democratic autonomy of DAO. Blubber DAO takes free and open democracy as the foundation of ecological development. Every user in the ecology is like the tentacle of a jellyfish and has full management and control over its own financial activities. Node activities and contribute their own efforts to jointly maintain the ecology of Blubber DAO.
A community governance model based on DAO
The community governance of Blubber DAO platform is designed based on DAO. Compared with the traditional financial system, financial regulators often audit and supervise the issuance of stocks, bonds and other financial products The significant advantages of our financial system lie in the uniform rules of automated execution, transparency, and any stakeholders holding BD tokens can express their interest demands. We think that a community governance based on DAO can not only improve the mobility of BD, but also significantly improve the activity of users.
Blubber DAO combines with Aragon to create a decentralized arbitration mechanism to improve the efficiency of organization and coordination. The general organization coordination relationship is solved by smart contract in blubber project; for those disputes that cannot be written into smart contract, Blubber will set up a special decentralized court to provide arbitration services. BD users participate in the arbitration process according to the rules and have the right to vote, and set up the corresponding incentive mechanism to ensure the participation rate of voting.
[DEFI+DAO creatiing infinite possibilities]
There is no doubt that the combination of defi and DAO has become the most irresistible trend at present. Taking defi as the focus of ecological development and DAO as the direction of governance, Blubber DAO will create unlimited wealth opportunities for ecological residents.
Blubber DAO believes that defi is currently facing security and regulatory issues. In many cases, investors do not have an overall understanding of the risks or agreements of defi, so they blindly participate in mining, resulting in the rapid demise of many projects after rapid speculation. Developers should explore how to build more secure protocols. In addition, unfriendly regulatory policies make it impossible for defi products to be used better, which is the important value that distinguishes defi from cefi.
For this reason, Blubber DAO combines the two well. The risk is mitigated through the distributed governance protocol. Everyone in the Blubber DAO team, as a believer in Web3.0, firmly believes that complete decentralization in the financial industry is the future trend.
Blubber DAO
Complete decentralization
Realize the explosive growth of ecological user wealth
