AladdinDAO is a decentralized network of DeFi investors that identify the most promising DeFi projects and opportunities which are presented to the broader AladdinDAO community where they can earn returns on liquidity mining programs.
AladdinDAO aims to “shift crypto investments from venture capitalists to wisdom of crowds through collective value discovery.”
The project was introduced on May 24th, 2021. With the explosive rise of DeFi since the summer of 2020, there are new projects popping up everyday. Without a deep understanding of how things work in DeFi, it can be difficult and time consuming to differentiate the good projects from the bad, the innovative sound projects from the hyped up cash grabs.
“What if you could be part of a community where DeFi experts vet the good farms from the bad?” Farm with DeFi Big Brains
AladdinDAO is building a community that allows some of the smartest experts in DeFi to share alpha on projects with other community members who can capture potential upside of these projects and their liquidity mining incentives through owning the ALD token.
The Boule Members serve as the committee of the DAO and are responsible for growing its treasury. The 30 member group consists of experts in DeFi and were voted on and elected by the community.
They are rewarded by two primary performance metrics:
The Boule Council meets weekly for research meetings where two protocols are presented and discussed. The council then votes one week later on whether to integrate the protocols into the AladdinDAO ecosystem. If voted and agreed upon by the council, AladdinDAO will acquire tokens and provide liquidity to the protocol. This value is then reflected in the value of the ALD token.
Boule Plus
Users can become Boule Plus members of the DAO by holding the ALD Plus token. To receive the ALD Plus token, members must simply stake 5,000 ALD. As a Boule Plus Member, you can vote on how you think liquidity mining pools will perform. Based on the how you vote, you can be eligible for a share of the 2% ALD supply.
The total ALD max supply is just over 1 billion ALD, with the following distribution:
80% Liquidity mining (LPs, DAO Mining, Contributors, DAO Reserve) - 23% Option Reserve- 4% Liquidity Support- 2% Boule Plus- 1% Airdrop
AladdinDAO recently underwent an upgrade to their Tokenomics, moving from a fixed block emission to one that is dependent on bond sales.
They have adopted a bonding and staking model that has become popular recently with the rise of DeFi 2.0 and protocols like OHM. Though the model being used is not simply a fork of OHM but one build specifically for AladdinDAO.
With Bonding, users can Bond a number of different assets including WBTC, WETH, DAI, USDC. In return for helping to grow Aladdin’s treasury, users will received discounted ALD tokens. Another option is to Stake and earn ALD tokens.
AladdinDAO was created by some of the biggest brains in DeFi. This group collectively has the experience of building, investing in, and deep understanding of the DeFi ecosystem.
AladdinDAO has also attracted some of the biggest brain DeFi investors. The first batch of Boule Members was announced on Sept. 30th and includes representatives from some of the top DeFi investment firms.
There are many great contributors and investors included in the list above. DeFi Dad, one of the DeFi communities best follows on Twitter has been a contributor as a Boule member. DeFi Dad is an investor and has some of the best content on learning about DeFi available online.
The AladdinDAO community does a great job of documenting their work. All of their research meetings and project overviews and boule member introductions can be viewed on YouTube. This is a great resource for those looking to learn more about DeFi projects because the projects are both curated and analyzed by some of the smartest people in the space and best of all, it’s completely free and accessible to anyone on the internet. Additionally, all performance is public and can be tracked in real time.
The AladdinDAO broader community has grown significantly and is currently up to over 9,000 members in their Discord with 30 Boule Members and over 200 Boule Plus members (numbers as of 1/3/22).
The Discord dialogue has regularly consisted of thoughtful engagement and has attracted users more interested in learning than speculative users looking for airdrops.
Website: https://aladdin.club/Docs: https://docs.aladdin.club/Blog: https://aladdindao.medium.com/CoinGecko: https://www.coingecko.com/en/coins/aladdin-dao
There is so much more detailed information available on their website and various other links above but hope this was a good primer for those unfamiliar with the project.