Jan 22, 2022
Have you heard of a crypto DAO?
They are decentralized finance protocols whose primary use case is still in the stage of getting figured out! Currently, it has people confused and angry, especially in the bear market we seem to have entered. Its core functionality, a staking scheme with never before heard of annual percentage yields (APYs) via new token mints, is believed to be unsustainable to the point of being fraudulent.
The question is - Are they true business models with a future or just another Ponzi scheme?
Let's find out!