AsgardDAO
AsgardDAO was one of the earliest Olympus DAO forks. After less than a month, the developers redistributed the treasury to holders after being unable to manage the technical aspects of the project.[1][2][3] Not to be confused with the BSC Asgard DAO.
History
Asgard was announced over Medium on August 10th, 2021.[4] The token launched on August 13th and the "fair launch" sale lasted 7 days. The project announced a roadmap and their smart contracts on the 13th as well.[5] By August 18th, the project reached a peak TVL of $5.4m.[6] It was after this date the Asgard TVL would fall mainly due to concerns regarding the tokens that founders were preallocated.[7][8] The token price also fell from highs of $140 on the 18th of August to $10 in the coming days.[9]
By August 23rd, Asgard announced over Discord that they were going to redistribute the treasury to all ASG holders. Holders received 17.19 DAI per ASG.[10][11]
References
- ↑ https://twitter.com/7ommyZero/status/1429845398978396165?s=20&t=ZvEZWalzzuTsVDKrlQ5LAQ
- ↑ https://twitter.com/DefiLlama/status/1429854218576306181?s=20&t=ZvEZWalzzuTsVDKrlQ5LAQ
- ↑ https://twitter.com/Calvin_0x/status/1447593757218574340
- ↑ https://web.archive.org/web/20210810230947/https://medium.asgarddao.finance/asgard-initial-state-fair-launch-49594e0177ca?gi=d9c309478364
- ↑ https://web.archive.org/web/20210813115909/https://medium.asgarddao.finance/the-asgard-project-2886f29a5013?gi=8273b602b124
- ↑ https://defillama.com/protocol/asgard-finance
- ↑ https://web.archive.org/web/20210818235328/https://medium.asgarddao.finance/bringing-confidence-to-the-protocol-a96f7b49c303?source=social.tw&gi=fe12de0c7f88
- ↑ https://etherscan.io/token/0xfb7f4f499497041fdec8f6b24c79d1a4559b207f
- ↑ https://nomics.com/assets/asg2-asgard
- ↑ https://web.archive.org/web/20211014182410/https://docs.asgarddao.finance/fair-redistribution/swap-asg-for-dai
- ↑ https://web.archive.org/web/20210903194131/https://app.asgarddao.finance/#/redistribution