Research Summary
The report discusses ZooDAO, a no-loss yield farming game that allows users to leverage their future yield and take on more risk for potentially maximised returns. It provides a solution for token holders and NFT owners who are seeking value for their assets in a bear market. The platform operates in stages, allowing users to stake NFTs, deposit liquidity, and participate in battles to win yields. The report also highlights the team behind ZooDAO and its future plans, including the introduction of an isolated lending market.
Key Takeaways
ZooDAO’s Unique Approach
- Combining DeFi and NFTs: ZooDAO offers a unique solution for token holders and NFT owners who are seeking value for their assets in a bear market. It combines DeFi and NFTs to create a no-loss yield farming game.
- Staking and Voting: Users can stake NFTs and deposit liquidity on the platform. They can also participate in battles to win yields. The platform operates in stages, with each stage involving different actions such as staking, voting, and battling.
- Boosting Yields: ZooDAO allows users to boost their yields by winning battles. The winner of a battle earns both their own yield and the yield generated by the loser over the battle period.
Team and Future Plans
- Experienced Team: The team behind ZooDAO has experience working with Lido, xDeFi, SpookySwap, and Ankr protocol. The solidity developers were responsible for architecting and developing Russia’s CBDC.
- Future Developments: ZooDAO plans to introduce an isolated lending market that will allow users to collateralize Liquidity Staking Derivatives, voting positions, and staked NFTs within the platform. This will provide a wide range of potential use cases within and outside the ZooDAO ecosystem.
Actionable Insights
- Exploring ZooDAO: Investors and NFT owners may want to explore ZooDAO as a potential platform for leveraging their assets and earning yields. The platform’s unique approach to combining DeFi and NFTs could offer new opportunities for asset holders.
- Participating in Battles: Users can participate in battles on ZooDAO to potentially boost their yields. Winning a battle allows a user to earn both their own yield and the yield generated by the loser.
- Monitoring Future Developments: It could be beneficial to monitor ZooDAO’s future developments, including the introduction of an isolated lending market. This could provide additional opportunities for leveraging assets and earning yields.
