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Difference between revisions of "HadesDAO"
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Hades was designed with Olympus in mind, with the fair launch being an OHM-denominated sale. As recorded in the launch Medium<ref>https://medium.com/@hadesdao/introducing-hadesdao-d695668a96df</ref>: <blockquote>Anybody will be able to mint alphaHADES at a price of 0.8 alphaHADES per 1 OHM. This means you are buying HADES at a 25% premium, because the protocol backs each HADES with OHM at a 1:1 ratio. | Hades was designed with Olympus in mind, with the fair launch being an OHM-denominated sale. As recorded in the launch Medium<ref>https://medium.com/@hadesdao/introducing-hadesdao-d695668a96df</ref>: <blockquote>Anybody will be able to mint alphaHADES at a price of 0.8 alphaHADES per 1 OHM. This means you are buying HADES at a 25% premium, because the protocol backs each HADES with OHM at a 1:1 ratio. | ||
To compare this to Olympus, this is like being able to buy 0.8 OHM for 1 DAI.</blockquote>The project launched but never gained real traction as the original pitch as an | To compare this to Olympus, this is like being able to buy 0.8 OHM for 1 DAI.</blockquote>The project launched but never gained real traction as the original pitch as an adversary to Olympus was not well-received by the pro-Olympus cohort at the time. | ||
The project also eventually allowed users to bond OHM and received the protocol's token HADES in return for a discount.<ref>https://medium.com/@hadesdao/ohm-bonding-launched-6768b6941d0c</ref> | The project also eventually allowed users to bond OHM and received the protocol's token HADES in return for a discount.<ref>https://medium.com/@hadesdao/ohm-bonding-launched-6768b6941d0c</ref> | ||
After amassing 361 OHM in the HadesDAO treasury, the project has since remained inactive and deleted their Twitter account and website that was formerly.<ref>https://etherscan.io/address/0xee842ef7a4261108226f06aF573C5fD329c1CebF</ref> | After amassing 361 OHM in the HadesDAO treasury, the project has since remained inactive and deleted their Twitter account and website that was formerly hadesdao.finance.<ref>https://etherscan.io/address/0xee842ef7a4261108226f06aF573C5fD329c1CebF</ref> HadesDAO has not returned any community funds or redistributed their treasury. Long-time Olympus DAO contributor "Z" has reported that the team tried to get the OHM out of the treasury contract to rug, but were unable to do so.<ref>https://twitter.com/zeetientien/status/1453106456736174087</ref> The Olympus fork AsgardDAO had a similar issue with bonding, although Asgard eventually redistributed their treasury back to their holders. | ||
== References == | == References == | ||
[[Category:Forks]] | [[Category:Forks]] | ||
[[Category:DAO]] | [[Category:DAO]] | ||