Research Summary
The report discusses the formation of a decentralized autonomous organization (DAO) called Next Generation Asset DAO (NGAD), initiated by the core contributors of Equilibria (EQB). NGAD aims to expand the utility of on-chain assets across blockchain ecosystems, focusing on liquid staked tokens (LSTs), real-world asset (RWA) tokens, and other digital assets. The DAO’s primary objectives are to align incentives and foster a supportive ecosystem for collaboration.
Key Takeaways
NGAD’s Vision and Objectives
- NGAD’s Mission: NGAD, a newly formed DAO, aims to expand the utility of on-chain assets across blockchain ecosystems. It focuses on LSTs, RWA tokens, and other digital assets. The DAO’s vision is to become the go-to platform for both existing and emerging protocols, offering a comprehensive solution for asset expansion and intrinsic value enhancement.
- NGAD’s Objectives: NGAD operates on the principle of shared value, where community members representing various partner protocol DAOs contribute their collective wisdom. The DAO’s primary focus is on protocols exhibiting innovative use cases for LST and RWA assets, with the goal of maximizing capital efficiency and aligning economic incentives across all involved parties.
NGAD’s Governance Token
- NGAD Token: The NGAD token represents the governance rights of the DAO and is distributed to NGAD investors, core contributors, and members from the various partner protocols. DAO membership stems from the underlying protocols participating within the NGAD ecosystem. Each quarter, NGAD tokens are distributed to users and contributors from these member protocols as an incentive for engagement.
Genesis Distribution to EQB Stakeholders
- Genesis Distribution: As a pioneering supporter of NGAD’s formation, stakeholders from the Equilibria protocol will receive a genesis distribution of NGAD tokens. The EQB core contributor team will additionally allocate a significant portion of their EQB holdings into the new DAO upon launch.
NGAD’s Ecosystem
- NGAD’s Ecosystem: By aligning incentives between NGAD and its member protocols, the DAO seeks to create a flourishing ecosystem for incubating innovative asset-focused projects, steering the collective growth in on-chain asset value, and bringing more utility over the long term.
Actionable Insights
- Understanding NGAD’s Vision: Stakeholders should familiarize themselves with NGAD’s mission and objectives to better understand its potential impact on the blockchain ecosystem. This includes its focus on expanding the utility of on-chain assets and aligning economic incentives across all involved parties.
- Exploring NGAD’s Governance Token: Interested parties should explore the NGAD token, its distribution, and its role within the DAO. This includes understanding how the token represents governance rights and is used as an incentive for engagement within the DAO.
- Assessing the Genesis Distribution: EQB stakeholders should assess the implications of the genesis distribution of NGAD tokens and the allocation of a significant portion of EQB holdings into the new DAO.
- Examining NGAD’s Ecosystem: Stakeholders should examine the ecosystem that NGAD aims to create, including its focus on incubating innovative asset-focused projects and steering the collective growth in on-chain asset value.
