Suddenly! Blubber DAO officially launched the first shot of Defi+DAO

“Blockchain is politically and structurally decentralized, but logically it is centralized (because of consensus).”- Vitalik Buterin

Technological innovation has a deeper and deeper impact on the daily behavior and interaction mode of individuals and organizations. As one of the new technologies, blockchain is regarded as a “swiss multi-tool”, which provides solutions to many emerging issues such as digital identity, data sovereignty, privacy security, and decentralized decision-making. The effective governance of society has begun to change, but the current governance theoretical framework has not progressed at the same speed, or even lags behind its development. As the hot star concept of blockchain in the past year or two years, DeFi has gradually begun to feel the troubles caused by the centralization of security and governance.

1. DeFi Waves and Its Ebb Thoughts

Defi has become famous since compound’s liquidity mining in June 2020. In July of the same year, the Washington Post published an article describing liquidity mining in detail, introducing the playing method, return on investment, risk, etc. of this method; in September, Bloomberg also published relevant articles, pointing out that the fluctuation of circular price of projects in the field of defi accounted for two-thirds of the whole digital money market, and the digital assets deposited in the defi project amounted to $9 billion.

There is no doubt that defi has successfully attracted the attention of most investors in the world. With the development of defi, there are clear business models on different tracks. However, there are some risk parameters in the operation of these defi protocols, such as mortgage rate, liquidation parameters, whether to accept an asset or not. The relevant operation even needs to be managed by a special person or team. According to the value proposition of defi, this kind of management authority needs to be decentralized in the long run.

Defi began to encounter “decentralization” from the outside world!

Indeed, the business of defi project is decentralized. It is not easy for the outside world to judge whether the management is decentralized. Therefore, the decentralization of defi has short board. If we want to realize the comprehensive decentralization of business, governance and operation, we must establish DAO

DAO is a decentralized autonomous organization which is not affected by any centralization subject. It uses open source programs to make decisions, and the organization’s financial records and programs are kept on the blockchain. DAO is undoubtedly a great challenge to many traditional hierarchies and exclusive organizational structures in today’s world. Through “group wisdom”, it can make better collective decision, so that the organization can operate better.

In fact, Dao and decentralized finance have a lot in common. In the ecology of defi and Dao, using defi products as the payment / distribution method, Dao becomes more decentralized and more digital. It can be used to finance and distribute capital. The implementation of defi enables token holders to customize and optimize the parameter design of the application through Dao governance, so as to create a better and unique user experience, which is quite powerful. Defi enables Dao to bypass the traditional banking sector and improve efficiency. This is very important because it creates an organization that is trustless, borderless,transparent, accessible, interoperable, and composable.

2: Defi + DAO Blubber DAO’s journey start

Blubber DAO is the first decentralized financial activity governance platform driven by the community in the world, focusing on the Dex products such as cross chain asset pledge, lending and asset allocation, aiming to establish a Web 3.0 ecosystem managed by community autonomy, transparency and decentralization. Blubber uses blockchain technology to return finance and control to the public, and realize the common growth of community users’ wealth.

Blubber DAO believes that the voice of every member of the community within the ecosystem should be respected, which is more important in the financial ecology. As a project launched in 2018, blubber DAO has a very solid technical foundation. Its core members are from the top blockchain talents around the world, and have a deep understanding of blockchain technology, defi and Dao.

Blubber DAO emphasizes community-oriented, technology as the new direction leader of hard core blockchain community node aggregation platform power. Since its birth, DAO combines the concept of Defi+Cefi, does not set up a company structure, emphasizes the self-government mode of community, delivers the platform rights and interests to the community, and guarantees the fairness and fairness of the platform operation process and maximizes the user interests with the node structure.

2.1 Devolution of power to create the ultimate open community

Blubber DAO Tension Triangle governance and Decentralization

Blubber DAO is run by volunteers in a decentralized ecosystem, using blockchain technology to build an increasingly decentralized financial autonomous ecological governance and community. Blubber improves the external scalability shortcomings of the original decentralized financial system by combining various external platforms and financial services as well as the Blubber and Spoke (B&S) system.

The components of the DAO Tension Triangle are:

Decentralization (Loyalty)

In the context of a DAO decentralization is not just a technical aim but a political one.

Decentralization becomes a belief system by which members maintain their loyalty to the DAO. Specifically, how many individuals or organizations ultimately participate in the DAO.

The degree of decentralization also differs for every DAO and is governed by their purpose,

capabilities, and costs of participation.

Individual (Exit)

A person who believes in rights and power for the individual. The individual is often someone whobelieves in self- governance and the greater good but wants individual rights to be upheld, and who is willing to do things for his/her self. The definition can also extend to include registered or unregistered corporations that operate under the jurisdiction of their lands and are legally treated and defined as individuals.

Governance (Voice)

Governance rules relate to organization legal structure, operations, purpose, membership, onchain and off-chain voting, and all facets that enable its existence and dismantling.

2.2 DeFi aggregator opens the future entrance of Defi

At present, most of the token or mortgage assets of decentralized financial projects are developed based on Ethereum network. The real decentralized financial ecosystem should be an ecosystem connecting all cryptocurrencies, but unfortunately, most projects still exist independently, with different functional states and different emphasis directions. If users want to use complex forms of financial services, they must combine a variety of decentralized financial products, which will cost a lot of time and high transaction costs.

Blubber DAO

Defenders of the free financial world! Embrace the new economic era with the most open attitude!

Conclusion：

DAO can maximize the participation of stakeholders in the decision-making process, and realize the transparency of the traditional governance model. Moreover, without decentralization, the defi tool may not be revolutionary. Only with decentralization can the defi platform and projects achieve revolutionary results. Blubber DAO, as the pioneer of “defi + DAO” concept, will continue to improve the platform system, improve the sense of belonging of ecological residents, and realize the real sense of open finance!