The year is 2022. Another year closer to death. How did you spend 2021? If you spent it chasing degen APY, what was it for? Lambo? You know you can’t take lambo with you when you die.

But what if you didn’t have to die?

Longevity Escape Velocity is the point in a person’s life when their life-expectancy increases by at least one year per year. Imagine a future in which 50-year-olds can restore the youth of their 20s, and do this indefinitely. They would have young healthy bodies, along with all the wisdom and wealth that comes with age. And they could explore, learn, and build for centuries. Now imagine when this future comes you are 75. About 20 years too late to benefit from this advance in life extension. You grow old as you watch the younger generations grow and stay young. If only the progress was a little bit faster. Bad luck.

A growing number of researchers and medical professionals are beginning to realize that this future is not so far off. Nobody knows exactly when we’ll get there. Rather than wait and hope, we are going to do something.

At Ambrosia DAO, we have a straightforward mission: Ensure that our investors never die.

We are committed 100% to this mission. Every decision we make will be made through the lens of this mission.

First we build our treasury. The biggest hurdle in the way of longevity research is lack of funding. Governments do not recognize aging as a disease and so they do not provide much funding to those who wish to cure it. Many petition their governments to classify aging as a disease. We support them. But let’s not wait around for this to happen.

To grow our treasury, we will use the bonding mechanism pioneered by Olympus DAO. However, we are well aware of the many OHM-Forks that have come to disastrous ends. So we’re going to try something different. At launch, there will be no rebasing.

Most OHM forks have attracted their investors with ridiculous “apy” from staking. But as we’ve seen this has not had good results for most. Instead, AMB stakers will be rewarded with more favorable bond terms. The longer you stake AMB, the more cryo tokens you accrue, which are spent when you purchase bonds.

7-day bonds are available to anyone.

5-day bonds are available for 10 cryo.

4-day bonds are available for 100 cryo.

3-day bonds are available for 600 cryo.

2-day bonds are available for 2000 cryo.

1-day bonds are available for 10,000 cryo.

When it’s time to make investments in cutting-edge longevity-focused projects or when it’s time to make significant protocol changes, token holders will have the opportunity to discuss in our discord server and cast votes via snapshot.

Our main token is called Ambrosia (AMB). Named after the food of the Gods, known to grant immortality. Ambrosia is minted when the treasury sells bonds, or when it issues rewards. Ambrosia will be backed by a basket of crypto assets, and Ambrosia holders can redeem their share at any time via smart contract. When redeeming, users will pay a tax. Their Ambrosia is burned and they receive a percentage of backing price, in various assets. This decreases AMB supply and increases backing price. The tax can be updated according to DAO votes on a per-asset basis.

When you stake AMB, you receive cryo. The accumulation rate depends on how much AMB you have staked and the duration of the stake.

daily cryo reward = (Balance_1)(stakeTime_1)²+(Balance_2)(stakeTime_2)² + …+ (Balance_n)(stakeTime_n)²

Each time you stake more AMB, a new balance is created with its own timer. When you unstake AMB, your oldest balance is deducted. We think this creates a fair incentive structure for staking.

The pre-sale finished February 15th. This week we are sequentially launching our staking, bonding, and redeemer contracts.