# Chapter 1: A New Dawn — Boundless By [brainyBurritos3](https://paragraph.com/@brainyburritos3) · 2022-04-13 --- “Space has the ability to produce a triple bottom line, or ROIII: Return on Investment, Innovation, and Inspiration.” * Robert C. Jacobson. * Since the beginning of time, humanity’s interest in the heavens has been universal and enduring. Humans are driven to explore the unknown, discover new worlds, push the boundaries of our scientific and technical limits, and then push further. The intangible desire to explore and challenge the boundaries of what we know has provided benefits to our society for centuries. * Today, the cosmos is neither as distant nor as inscrutable as it used to be. Space agencies and space companies have designs on worlds well beyond Earth’s atmosphere. Within a couple of decades, humans could have an enduring presence on the Moon, engage in scientific studies, build outposts or colonies, mine for resources, and visit as space tourists. * If we look back in time, you would realize that as a species humans have truly come a long way, from Galileo Galilei who drastically improved the telescope to SpaceX’s plan to establish a colony on Mars. And we will only continue to innovate and explore the depths of space in the coming generations. * Back in 2008, an anonymous figure under the pseudonym Satoshi Nakamoto published a whitepaper called: Bitcoin: A Peer-to-Peer Electronic Cash System. When Bitcoin was launched in 2009 as a currency and blockchain, its price was $0. In 2021, it hit an all-time high of $69,000. Initially, Bitcoin was deemed as too volatile and risky as a viable currency, but now it is being utilized in all facets of life, from paying for your meals to lending and borrowing applications. * The future of cryptocurrency as a whole is extremely bright, with more and more people adopting it for many different use cases. With that being said, the cryptocurrency community will continue to innovate, just like how humanity will continue to innovate and expand our reach in outer space. * Decentralized finance — known as DeFi — has seen explosive growth since 2020, bringing with it the potential to disrupt traditional finance.In particular, the rise of decentralized exchanges (DEXs) — most notably Uniswap — introduced key innovations that allowed trading to be facilitated without a centralized intermediary, utilizing an Automated Market Maker (AMM), liquidity pools, and liquidity providers. * However, these innovations are not without their drawbacks. Namely, the mercenary liquidity problem plagues protocols, which often need to incentivize liquidity providers with substantial rewards to provide liquidity to enable trading of their token. * Against this backdrop, a new form of providing liquidity to tokens on DEXs emerged in the form of protocol-owned liquidity(POL). This model developed by Olympus DAO, promises not only to resolve the mercenary liquidity problem but also to create a reserve currency in the process. * To put it simply, POL is a new approach pioneered by Olympus to provide liquidity to tokens on decentralized exchanges. Instead of relying on providing incentives to the market to provide liquidity to liquidity pools, the POL model instead utilizes a “bonding” mechanism. Bonding essentially involves the protocol selling their tokens at a discount to buyers, who in exchange will provide another token (e.g., DAI), which forms part of the protocol’s treasury. The treasury can then be deployed to provide liquidity directly to DEXs (earning trading fees) and can be invested to generate returns. * You can read more about Olympus here: [https://blockcast.cc/news/three-minutes-to-understand-olympus-dao-a-fully-mortgaged-free-floating-algorithmic-stablecoin/](https://blockcast.cc/news/three-minutes-to-understand-olympus-dao-a-fully-mortgaged-free-floating-algorithmic-stablecoin/) * Here at Boundless we are fully committed to innovation. But before that let’s find out what Boundless is exactly. * Boundless is the first decentralized capital fund on BSC. Our mission is to create an ecosystem of products that work in tandem to provide long-term value and profit to users. This ecosystem of products will be closely intertwined with the main protocol. * A June 2021 nationwide survey published by the University of Chicago found that more than 1 in 10 people had invested in cryptocurrency over the past twelve months. However, most people who do invest in cryptocurrency only do so by buying/selling/holding major coins such as Bitcoin or Ethereum. This is primarily due to the steeper learning curve and difficulty of entry presented by DeFi 1.0 or 2.0. We also need to acknowledge that many people do not know what yield farming, a DEX, or even Metamask is! * But what if we could create a platform where we are able to provide a one-stop-shop where users have easy access to services such as yield farming to buying NFTs from an NFT marketplace? This would greatly enhance accessibility and lower the learning curve of getting into DeFi. * Apart from this, our mission is to develop a profit-sharing model where we are able to distribute the profits earned from our investments and products to our loyal investors in the form of stablecoins or other crypto assets. * Yes, we were initially an OHM-fork. We will be utilizing the underlying mechanics and functionalities of Olympus such as staking and bonding as a means of treasury fund accrual. However, while we acknowledge and respect what Olympus has built, we have recognized that there are many areas that can be improved upon. * As such, we will be developing various systems, such as taxation, token minting rate reduction, and splitting of treasuries. This will address some of the sustainability issues that Olympus faces as well as make our token more deflationary. We will also come up with a profit-sharing model to reward our long-term believers. * As mentioned previously, the main goal of Boundless is to create an ecosystem of products. We acknowledge that this takes time and it also takes a lot of innovation to stand out from the other projects out there. If you join us on this arduous journey, we will be sure to reward you as we are big on rewarding those who believe in us. We are also fully committed to transparency and communicating with the community, as we realized that these are two aspects that many other projects lack. * One of our core beliefs is in the power of the community. We believe that by working hand in hand with the community, we will be able to innovate and develop the protocol further to benefit everyone. As such, the team will put forth propositions and let the community vote. As the protocol progresses, we will be also looking to develop a governance structure to allow the community to put forth proposals themselves. * Building Boundless from the ground up does not simply mean replicating Olympus code line by line but rethinking the overall design and structure. While we acknowledge that time is of the essence in the world of crypto, we prefer to make sure that the protocol is strong and sustainable, rather than rolling out a semi-finished product. On the other hand, the Boundless team will be working day and night to try and deliver Boundless as soon as possible. * The important thing to note is that if you want a project to succeed in the long run, you need to establish logical systems to combat issues such as inflation and dumping. We will also be constantly doing R&D, so we can learn from other projects and further improve on them. * Security is also of utmost importance to us, as we believe that investors will have peace of mind knowing that we have gone through multiple security checks before launch. As such, we will be looking into doing KYC, peer reviews, and an audit before launch to provide maximum security and reinforce the trust that investors have in us. * Going back to the initial quote by Robert Jacobson, it is not only space that produces a triple bottom line. Boundless aims to do the same. * We want to firstly allow our investors to generate a good ROI through their belief in us. * Secondly, we will continue to innovate and develop products that will be integrated into our ecosystem to further bring even more value to our users and bring not just DeFi, but also cryptocurrency to a higher plane. * Thirdly, by building something different, we hope that we will be able to inspire the community to come up with ideas of their own so that we can work together to revolutionize cryptocurrency. * We appreciate you taking the time to read this piece and hope you join us in embarking on the journey of a lifetime. Thank you. * This was the first chapter in our journey and there will be more articles that will be continuously released over time. * Shadow * Post done by: ACW * Twitter: [https://twitter.com/BoundlessDCFDiscord](https://twitter.com/BoundlessDCFDiscord): [https://discord.gg/boundlessdcfWebsite](https://discord.gg/boundlessdcfWebsite): [https://boundless.money/](https://boundless.money/) * --- *Originally published on [brainyBurritos3](https://paragraph.com/@brainyburritos3/chapter-1-a-new-dawn-boundless)*