It is time to take the next step towards realizing the future of multi-chain DeFi. Empowered by a recent governance decision.

New Order is going to be bridging NEWO to Avalanche network ahead of staking vaults and other DeFi opportunities which will be deployed there.

So, what makes Avalanche an exciting network to build on? The rest of this article tells the story of Avalanche using data and metrics, as well as going over key concepts that made Avalanche a successful chain and makes definitive conclusions about the main drivers for going from $10 in June to near $140 in November 2021.

What is Avalanche?

Avalanche is a layer 1 blockchain that was launched in September 2020. Like many other L1 protocols trying to resolve the Scalability Trilemma, Avalanche has its own vision and an idea of how to solve it. Essentially this comes down to the basic technology of Avalanche; its mainnet is made of three separate blockchains: X-Chain, C-Chain and P-Chain. Each of these chains serves a different purpose in order to improve scalability and reduce centralization.

In short, X-Chain, aka the Exchange Chain, serves the purpose of managing assets, including creating new assets, exchanging between assets, and cross-subnet transfers.

C-Chain, aka the Contract Chain, is where smart contracts are made and run. It’s Ethereum compatible, making it fairly easy to create new applications on the Avalanche ecosystem. The C-Chain sees the most daily traffic out of Avalanche’s three blockchains.

P-Chain, aka the Platform Chain, is used to coordinate validators and to keep track of active subnets.

This architectural structure improves Avalanche's transaction throughput to 6500 TPS and gives a finality time of under one second.

Beginning of the hype - laying the foundation

The beginning of Avalanche’s moonshot started in June, when their symbolic roadmap laid down a strong path for the future, focusing on critical areas:

• Bridging infrastructure improvements

• Platform updates to significantly improve stability, performance, and fees

• Further Smart Contract development

• Improving the wallet and user experience

• Boosting liquidity and growing the ecosystem

Avalanche started delivering significant results immediately: launching the Avalanche Bridge (AB), Chainlink price feeds, and AVAX Staking in July. On the side, a lot was done for ease of app development. This made it possible for different DAO-s and applications to be launched quickly.

Applications lead the chain to success

The success of the chain can be measured by the number of active applications - to measure the vitality or liveliness of the chain. Avalanche has been an unquestionably good example so far, having a very active launch schedule for new applications.

The key factors here are the following:

1. Ease of development - Avalanche has done a lot for infrastructure, launching many tools to simplify and accelerate development. In July, DappStarter and Tenderly were launched on Avax, in September Moralis, Pocket Network, and much more.

2. Code auditing - In august, Rugdoc expanded to the Avalanche network, providing important code auditing and education for DeFi users, essential for the overall trust in the applications on the Avalanche ecosystem.

3. Development incentives - Avalanche Rush has been a popular incentive program with a massive 180M investment, but it isn’t nearly the only one. To point out a few, there is the Moralis Avalanche hackathon in December and the Avalanche Developer Contest for new and smaller projects.

4. Trackability - SnowTrace was launched in November, which is an implementation of Etherscan for the Avalanche network. SnowTrace replaced the proprietary C-Chain Explorer and gives users full transparency over Avalanche transactions. It is highly performant and gives users a great experience wandering around in the blockchain. This strongly signals that Avalanche has matured to be one of the best chains.

5. Multi-sig wallet - The most popular multi-signature wallet Gnosis Safe launched on Avalanche in December; together with SnowTrace, these two have been used to track the treasuries of decentralized autonomous organizations (DAO) and improve the overall trustworthiness of projects. The Gnosis Safe has become the industry standard for DAO-s.

6. ChainLink integration - The thing that glues everything together and makes DeFi possible - Oracle price feed. Chainlink feeds went live on the 21st of July. After this update, a jump in new apps is visible during the August-September period.

What we believe to be a successful path for a chain is the following: focusing on development and auditing, adding oracle price feeds at first, then launching strong incentives for development/hackathons, lastly, adding multi-sig wallet integrations. Pursue this road and the volumes/transactions will come to the chain.

Inflows and deposits lead the chain to success

Since the release of the Avalanche Bridge, it has been possible to track bridging data. After an active two months of summer, the early hints of a potential moonshot could be seen - the price of Avalanche was steadily rising in tandem with the overall crypto market towards the end of the summer.

The DeFi landscape started to blossom in August, with the launch of Bengi, supported by the Avalanche Launch program with $3M Liquidity mining initiatives. The real explosion of interest came a couple of days after, on the 18th of August, when Avalanche Rush - an Avalanche Foundation $180M DeFi Incentive Program, was launched. Avalanche Rush supported blue chip DeFi projects, including Aave with $20M and Curve with $7M. Benqi joined Avalanche Rush a day later. These three launches with large incentives were the main drivers behind the explosive flow of funds to the Avalanche chain - raising from around 100K (31st of July) to 1.37B (31st of August).

The explosion of interest with the launch of the 3 colossal projects can be seen on multiple other graphs - the number of deposits, the number of bridges, the jump in the Avax price, total value locked on Avax, etc. For example, the number of bridge transactions, which surged from around 10-25 at the beginning of August to around 100 in the middle of August and to 7719 transactions on August 22, was directly caused by the Avalanche Rush incentive program. **Sushi **joined the Avalanche Rush program with a combined $15M incentive program allocation (24th of August), followed by Paraswap, the DEX aggregator, at the end of August on the 31st.

In September, the Avalanche Rush program saw strong headliners, with Kyber Network ($5M allocation), Pangolin ($2M allocation), **Trader Joe **Incentive program (up to $20M) and finally $100K developer incentives for Yield Yak - which all are still very heavily used applications.

In addition to the Avalanche Rush program, two investment projects with the ambition to improve Avalanche-based DeFi platform liquidity were launched. Firstly, Wonderland, which should be known for anyone in DeFi since it did spark the OHM fork hype and grew larger than Olympus DAO itself. Secondly, Polychain Capital and Three Arrows Capital led a $230M liquidity-focused investment in Avalanche Ecosystem. These two additions made a positive impact on the DeFi on Avax - by the end of September the bridging net inflow was 2.4B and the TVL peaked around 3.6B.

Finally, Avalanche was listed on Coinbase and Coinbase Pro, which in our opinion, is essential for driving up the price. Combine that listing with positive articles like “leading DeFi chain”, “Ethereum killer” and you have a nice shot at going parabolic with the price.

Vibing DeFi scene lead the chain to success

During October, the DeFi incentives were high, the bridging, inflows and TVL kept on raising as more and more people learned about Avalanche. During these times, Avalanche had already a solid foundation beneath itself, but its ecosystem still kept growing at a fast pace. Multiple other projects such as Tether, Alpha Homora and Oh! Finance became part of Avalanche’s ecosystem. Additionally, Snowbank DAO, another OHM fork, launched on Avalanche.

Furthermore, what really helped Avalanche to peak over $100 level, hitting multiple all-time highs, on 1st of November Blizzard was released. Blizzard is over a $200M fund dedicated to boosting development, innovation and growth on Avalanche.

In December, as the cryptocurrency markets stumbled and BTC lost nearly 20% of its value, AVAX managed to hold its loss at 10%. This is not just a coincidence though.

To start the month off, Fireblocks - a Crypto and Digital Asset Platform for Institutions, launched support for Avalanche, giving banks, hedge funds and financial institutions access to Avalanche’s DeFi.

On December 10th, Avalanche’s AVAX was listed on the FTX exchange. In addition to that, Circle quickly followed Tether to launch its own stablecoin USDC in Avalanche. USDC adoption in Avalanche was huge, as in January, it accounted for more than 40% of the total token deposits made to Avalanche’s ecosystem.

However, in January, as the whole crypto market collapsed, AVAX was not one to differ. During these times, AVAX dropped around 35%, bringing it down over 50% from its all-time highs.

Nevertheless, its ecosystem kept on growing with 1inch and Celsius deploying on Avalanche. What’s more, UST - a decentralized stablecoin expanded to the ecosystem. In addition, another OHM fork, Magnet DAO was launched. What makes Magnet interesting is that 10% of its bonded assets are directed to an Innovation Fund used to incubate and invest in new projects. This further benefits Avalanche's ecosystem as it makes it more possible for upcoming innovative projects to find funding.

As we can see from the chart above, up to this day, there are more deposits between Avalanche-Ethereum bridges to the Avalanche blockchain than withdrawals. This illustrates that as Avalanche is maturing, the interest in it is still strong, making it a prime target for launching new projects on Avax.

Conclusion & Future

So what makes a blockchain successful - we think that strong & scalable fundamentals and a promising roadmap with strong execution, ease of development, effortless bridging, and staking are the keys to success. Avalanche showed that you can fast-track the whole process by incentivizing app development and DeFi yields. In our research, we concluded that the DeFi scene with increasing TVL will have a positive impact on inflows and liquidity. Even though Avalanche has had a successful 2021, 2022 shows no signs of slowing down: DeFi Kingdoms (the top 1 TVL app on Harmony chain) was shouted out in December, UST launch was just last week and a big Avalanche focused event called Avalanche Summit will happen on March 22-27.

New Order Opportunities

Deploying on Avalanche offers a plethora of opportunities to NEWO holders. The NEWO token’s gas trading fees would be near zero. All NEWO transacting activities including sending, staking, claiming and re-staking NEWO tokens would be significantly cheaper. Also, this deployment opens up the possibility of creating new partnerships that capture value for our community. One of these partnerships involves bootstrapping Trader Joe’s Avax/Newo LP with $250K in capital. This is our first step in the quest to claim our multi-chain thesis. Reaching to a new L1 will open access for new exposure and incubation opportunities through collaboration and growth in the ecosystem.

Step 1: Proceed to the “Active Deposits” tab under the Vaults and Claim & Withdraw your staked tokens. Make sure your wallet is connected, and Metamask unlocked. Then click Withdraw All from the NEWO SINGLE-SIDE vault. If using a hardware wallet make sure it’s unlocked and running the Ethereum application, or else you will get a message saying withdrawal failed. If this happens (shown below) make sure your wallet is ready and try again (you may need to restart the browser if Metamask is stuck at this point).

Step 2: Select all of your V1 NEWO and Approve the migration contract. Ensure that all V1 NEWO in your wallet is approved.

Step 3: Swap your V1 NEWO for V2 NEWO by pressing on the Swap button and accepting the transaction.

Step 4:  Stake your V2 NEWO in the Vaults here. Click on MAX if you wish to deposit all your V2 NEWO and confirm the transaction to proceed. Once you have successfully deposited, you will see your V2 NEWO under the Active Deposits tab.

Go to the vault section of the DAO interface https://dao.neworder.network/invest and click active deposits.

Make sure your wallet is connected, and Metamask unlocked. Then click Withdraw All from the SUSHI LP- NEWO/USDC vault. Confirm the transaction in Metamask. If using a hardware wallet make sure it’s unlocked and running the Ethereum application, or else you will get a message saying withdrawal failed. If this happens (shown below) make sure your wallet is ready and try again (you may need to restart the browser if Metamask is stuck at this point).

If you’re set up correctly, and confirm the transaction in Metamask (and hardware wallet if applicable) you should soon see the following message:

Once withdrawn the Active Deposits page will show no active deposits any more. Now you can go to Sushiswap to withdraw your liquidity here:

https://app.sushi.com/add/0x1b890fD37Cd50BeA59346fC2f8ddb7cd9F5Fabd5/0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48

Click the View Liquidity Positions link near the top (it’s grey and a bit hard to see).

It should list your NEWO/USDC position on the following screen. Click Manage

Then Remove:

Then type in 100% into the box, and press Approve.

You will have to then sign a transaction with Metamask (and your hardware wallet if applicable).

Once the transaction is completed, and once the Confirm Withdrawal button is highlighted, click it. The amount of NEWO and USDC you will receive for closing your LP position are displayed; then click Confirm on the popup. You will once again be asked to confirm a transaction using MetaMask.

After that a Transaction is submitted, a window pops up, and will disappear once the transaction is complete.

The popup in the top right will appear when the transaction is successful and you should have the indicated amount of NEWO and USDC in your wallet.

Further, the NEWO that was received for withdrawing your LP will be V1 and needs to be swapped for V2 in order to initiate a new Staked LP position. Go to the V2 Migration tab in the Dapp. The first 2 steps have been already completed, now you need to approve the migration contract. 

Once the contract has been approved, you can move to Step 4, where you will swap existing V1 tokens for V2 tokens. Enter the amount of V1 tokens present in your wallet and click “swap” to migrate to V2.

Once the transaction is confirmed through your wallet, you will receive the following notification indicating a successful migration to V2.

Now you are all set to initiate a NEWO V2 LP position, please find our V2 NEWO pool and re-enter into your liquidity position.

Once liquidity has been provided, you can proceed to our Vaults tab and stake your LP tokens.  These Vaults are for V2 positions only, any V1 NEWO staking attempts will be unsuccessful.

What is a DAO?

Web 3.0 has sparked a new world of innovative projects and ideas. One of the more interesting ones is the DAO. A Decentralized Autonomous Organization, or DAO for short, is a business that is automated by a smart contract(s) to streamline all processes. Further, they are member-owned, trustless, transparent, and 100% verifiable by anyone.

As the DAO landscape continues to grow, original use cases for them will emerge. One particular demonstration is the Venture DAO. To understand Venture DAOs, it is useful to look back at the history of Venture Capital (VC).

History of Venture Capital:

The concept of VC has been around for a while. For those that may not know, VC involves financing startups, early stage, and emerging companies with high growth potential. In 1946, the first self-proclaimed VC firm was the American Research & Development Corporation, but the space did not emerge until personal computing came along in the ’70s. Since then, VC has worked mostly the same way. A ton of capital is pooled into centralized funds that deploy the capital to support high-growth startups. The model is archaic and in need of change to fit modern practices. In comes the Venture DAO.

What are Venture DAO’s?

Venture DAOs: decentralized entities that pool capital and invest in different areas of crypto. The value-add with Venture DAOs, over traditional VCs, is that more people can invest in early stage deals. In effect, those who commit their capital have a say in what projects the DAO invests in. This is a significant upgrade from the traditional model. It is about the wisdom of the crowds, not the wisdom of the few.

There are many examples of Venture DAO’s but some of the more prominent ones are highlighted in the image above. A lot of the Venture DAOs focus on pooling capital, investing in projects, and sharing in the proceeds from the investments, i.e. The LAO, Flamingo DAO. Others have investment funds but also bring together creators to help build Dapps, i.e. MetaCartel, Alliance DAO. But most Venture DAOs solely concentrate on investing capital into projects - exactly what a lot of traditional VC firms do.

Web 3.0 is missing Venture DAOs whose sole purpose is to build the next suite of innovative products. The sizeable sums of capital being deployed in crypto are forcing people to lose sight of building important projects. This is an apparent problem that needs to be addressed.

***What is New Order? ***

New Order is a community-led Venture DAO concentrated on incubating DeFi projects. New Order builds valuable projects that have a real purpose in DeFi. The organization is composed of hardworking, mission-driven individuals focused solely on one objective - making DeFi the norm in each of our lives. To execute on this goal, a core team was assembled consisting of software developers, DeFi strategists, Marketers, Designers, and Business Developers - mostly all having been in DeFi from its inception.

The business model of the DAO is comparable to the business model of an incubator (e.g. YCombinator). Through strategic incubation and acceleration, New Order aims to launch 20-30 projects per year and route a token allocation from these projects directly back into the DAO. On top of receiving token supply, the treasury is managed through various DeFi strategies to optimize returns and further diversify. New Order DAO aims to become the ‘DAO of choice’ for joint ventures and launches alongside other communities.

New Order is different from other Venture DAO’s as its focus is entirely on building, not deploying capital. By taking this approach, New Order is positioned at the forefront of the DeFi space, meaning an endless amount of project opportunities are at its disposal. From this large supply of opportunities, the DAO chooses only those that have the potential to make a tangible impact in DeFi. Along with the DAO’s advantageous positioning, the core team pushes the boundaries of what’s possible when it comes to building products. The creative collaboration amongst the team members ensures the incubated projects are cutting-edge, and never lagging behind. This is why New Order will win in the long-run over other DeFi innovators.

New Order Incubated Projects

[REDACTED] Cartel

On December 15, 2021 [REDACTED] launched as a first of its kind decentralized voting alliance that combines proven tokenomic designs from protocols like Olympus DAO with Curve and Convex to create an innovative new model that increases the value, traction, and adoption of all three ecosystems. The protocol is experiencing a tremendous amount of success and positioned itself as a staple project in DeFi. Some of the milestones include raising $73m at TGE, acquiring Votemak, and announcing the Hidden Hand Marketplace.

H2O

H2O is the first stable asset backed by the OCEAN token and next-generation data tokens within the OCEAN ecosystem - serving as a medium of exchange and unit of account in this ecosystem. H2O partnered with Ocean and Reflexer to make this a valuable project for the DeFi ecosystem. The scheduled launch date is February 28, 2022.

OptyFi

The OptyFi Protocol provides simplified access to optimized yield across DeFi. The Protocol evaluates thousands of yield strategies across hundreds of liquidity pools, dozens of protocols, and multiple blockchains. It is the most capital-efficient yield aggregator in DeFi.

Note: If you want to contribute to New Order please follow our social media and introduce yourself in Discord.

Discord - Twitter - Telegram

Timeline

• V2 Token

  • Wednesday Feb 2nd

• V2 LP

  • Wednesday Feb 2nd (12:00 noon, UTC)

• V2 Vaults

  • Within 6 hrs after V2 LP launch

  • V1 vaults will still have yield until the V2 vaults introduced

• Avax Vault

  • Second Week of Feb

• Avax LP

  • Second Week of Feb

• Arbi Vault

  • Third Week of Feb

• Arbi LP

  • Third Week of Feb

Investor/Advisor and Core Tokens

Core team and Investors/Advisors token vesting is doubled to 4 years and 2 years with a daily vest, respectively. Furthermore, a cliff is introduced for Core and Investor/Advisors tokens of 1 year and 6 months, respectively.

While smart contracts were being audited Investor/Advisor tokens not yet claimed have been placed in escrow. Upon V2 migration an equivalent amount of tokens are issued with new terms and a cliff, while V1 tokens in escrow will be burned. Core team V1 tokens are permanently locked, and will be issued an equivalent amount of V2 tokens with the new terms and a cliff (as above).

V2 Contract Mechanics

One issue that came up during the audit, as well as, mentioned by other projects we talked to, is making the V2 governance token Ownable/Pausable - which will allow the New Order DAO multisig to pause token transfers in certain cases which include, for example, responding to:

1. Protocol upgrades as directed by governance will be much quicker and smoother (we'll have the ability to pause and airdrop)

2. Emergencies such as a public bridge getting hacked

As per the results of a snapshot vote, the V2 Contracts will be pausable. Note that if any change is requested by the community the key can always be burned.

Transition from V1 to V2 for NEWO holders

Once V2 is deployed, V1 NEWO holders will need to take action to migrate.

Note: Staking rewards for V1 NEWO (LP and Single Sided staking) will be turned off upon migration and transferred to the V2 vaults.

Staked NEWO holders

Step 1: Single sided and Governance stakers will need to unstake their tokens

Step 2: Swap V1 NEWO for V2 NEWO using a smart contract conveniently present in our Dapp.

Step 3: Swapping for V2 tokens will take 3 forms: Swap Ethereum Mainnet V1 NEWO for Ethereum Mainnet V2 NEWO, Swap Ethereum Mainnet V1 NEWO for Arbitrum V2 NEWO, Swap Ethereum Mainnet V1 NEWO for wrapped NEWO on Avalanche.

Note: Arbitrum and Avalanche Vaults and LP’s are going to be available in the coming weeks. So if the tokenholder wants to save on gas, they could wait for the token to be bridged and LP/Vaults availability. Important to mention that while gas would be saved, V1 staked tokens will not be eligible for staking rewards.

Staked Liquidity Pool tokens

Step 1: Staked LP tokens will need to be unstaked

Step 2: Liquidity has to be withdrawn on SushiSwap

Step 3: NEWO tokens received from withdrawing the LP position swapped for V2 NEWO in the Dapp. Swapping for V2 tokens will take 3 forms: Swap Ethereum Mainnet V1 NEWO for Ethereum Mainnet V2 NEWO, Swap Ethereum Mainnet V1 NEWO for Arbitrum V2 NEWO, Swap Ethereum Mainnet V1 NEWO for wrapped NEWO on Avalanche.

Note: Arbitrum and Avax Vaults and LP are going to be available in the coming weeks. So if the tokenholder wants to save on gas, they could wait for the token to be bridged and LP/Vaults availability. Important to mention that while gas would be saved, V1 staked tokens will not be eligible for staking rewards.

Restaking V2 Tokens

After the V1 NEWO was swapped for V2 NEWO you can restake your tokens in the V2 Governance or Single sided vaults.

Staking Liquidity Pool Tokens

After the V1 NEWO was swapped for V2 NEWO you can provide liquidity on SushiSwap. New Order will initiate a new V2 pool as soon as the V2 vaults are live. The LP tokens received from the initiated position can be staked in the Dapp in the V2 Sushi LP vault.

Will be responsible for communicating and engaging the Reddit community around Neworder ecosystem. Be able to understand areas of confusion and clarify or bring to other members on the team to address.

• Produce and engage the community on a regular cadence of public-facing conversations about New Order

• Coordinate content across various channels to share updates, developments, and keep our community informed

• Report any concern around $NEWO

• Develop new methods to drive increased awareness, transparency, and clarity for users

What We Can Expect From You:

• Passionate about DeFi and innovating the space

• Excellent written and verbal communication skills, attention to detail, and ability to manage reddit with little oversight

• Deep understanding of complex, unique, and risk-averse communities

• Proven success driving adoption, particularly with a reluctant and skeptical audience

This position can work from anywhere, ideally works with the EST time zone to stay synced with the core team/marketing team.

Tiktok

Will be responsible for the overall workflow of TikTok including development and execution of campaigns, daily management, and community building in an effort to drive DAO engagement and attain token buyers.

• Develop TikTok strategy to boost brand awareness, push token sales, incubated projects, ecosystem, partnerships.

• Migrate Tiktok influencers with the project

• Showcase Neworder branding through unique, engaging, and on-trend content

• Collaborate within Social team to build content strategy

• Ability to create engaging video content and create trends on TikTok

• Publish and maintain regular posting cadence and daily community management

• Work with all departments to establish workflows (Marketing team)

• Responsible for weekly and monthly # reporting

What We Can Expect From You:

• Passionate about DeFi and innovating the space

• Excellent analytical and visual skills, attention to detail, and ability to manage tiktok with little oversight

• Deep understanding of complex, unique, and risk-averse communities

• Proven success driving adoption, particularly with a reluctant and skeptical audience

This position can work from anywhere, ideally works with the EST time zone to stay synced with the core team/marketing team.

4chan

Will be responsible for communicating and engaging the 4chan community around Neworder ecosystem. Be able to understand areas of confusion and clarify or bring to other members on the team to address.

• Produce and engage the community on a regular cadence of public-facing conversations about New Order

• Coordinate content across various channels to share updates, developments, and keep our community informed

• Report any concern around $NEWO

• Develop new methods to drive increased awareness, transparency, and clarity for users

What We Can Expect From You:

• Passionate about DeFi and innovating the space

• Excellent written and verbal communication skills, attention to detail, and ability to manage 4chan with little oversight

• Deep understanding of complex, unique, and risk-averse communities

• Proven success driving adoption, particularly with a reluctant and skeptical audience

This position can work from anywhere, ideally works with the EST time zone to stay synced with the core team/marketing team.

Apply here:

https://forms.gle/MJxVZQgzuyeUhXwj6

New Order is modeled to operate as a black hole for builders and entrepreneurs to create an ecosystem of interoperability. The community of builders will garner a closed loop of internally generated synergies strengthening with every additional incubated project. Further, scalability of incubation and acceleration is reinforced by a partnership with Outlier Ventures, where efforts are united to launch over 40 projects in the next two years. 

New Order is pushing the boundaries of DeFi whether it is examining MetaFi, Meme coins, gaming, NFT’s or optimized yield aggregation. The projects that are considered for incubation are not limited to a specific stream, rather each application is analysed through a lens of its positioning in Web3 innovation.

With the launch of an ecosystem of projects, New Order plans to introduce a DApp marketplace where protocols continue operating in the New Order ecosystem creating another revenue stream for the DAO. The incubated projects would be connected through a meshed liquidity network that allows for an efficient utilization of resources. Projects would also benefit from the network effect generated by the marketplace, sharing synergies and growing in market exposure.

The $NEWO token holders would be charged with governance over incubation efforts and treasury management. Directing the flow of resources in the ecosystem, and approaching capital management with a risk adjusted strategy to ammas the largest treasury in DeFi. Token stakers aligned with the protocols long term vision of capital aggregation would share in the treasuries profits, creating a positive flywheel of value aligning all protocol stakeholders. 

Why an Education Hub?

We understand that crypto, blockchain and DeFi can be very technical and off-putting, particularly for those who haven't yet gotten down the rabbit hole. Public awareness and education can bring more attention and interest to projects like New Order by providing information in a form that is simple to understand yet informative. You can explore our attempt to simplify web 3 here.

How to Navigate Around This Education Hub?

The Education Hub starts with a deep dive into New Order DAO, together with its backed core projects, venture and treasury strategies. We also outlined a few important fundamental crypto topics, such as basic crypto security principles as well as an introduction to DAOs and DeFi. Our Academy is an ongoing project that we will continue expanding with the goal of becoming a one stop shop for education in DeFi and crypto. For any feedback or if you’re willing to contribute please reach out to @Che or @71sim12 in the New Order discord.

The vault with the boosted rewards will be available around 17:00 UTC on Tuesday December 21st and will run for at least a week. Current LP providers will be able to unstake their positions, and move capital to the new boosted vaults presented on the Sushi 2x Farms.

We have a substantial allocation for Airdops that will be used to accelerate the goal of market adoption! This is the first step we are taking to reward early supporters of our project. More airdrops will be available soon to reward hodlers, and further our presence as DeFi’s largest treasury and leading incubator!

Expanding on NEWO’s value proposition, some incubated projects will also be offering Airdrops upon their IDO. Incubated projects will want to further their adoption, and allocate tokens to the New Order community as a show of gratitude. Airdrops are going to be available on a case-by-case basis, so stay current with announcements.

One of our incubated projects, [REDACTED], is  launching on December 15th, 12:00 EST! The launch will follow the same IDO procedure as New Order, where a Dutch Auction will be held. $BTRFLY tokens will be sold for CVX, OHM and CRV based on a 1-day SMA. More information on how to participate is available here. Considering that this is a fair launch with no whitelist, no airdrops will be offered.

We are also aware that some of you burned gas due to UI bugs upon the staking contract launch, we will be compensating you for the fees incurred.

If you have any questions regarding the Airdrop or [REDACTED] launch don't hesitate to ping core members in Discord.

• Claim your NEWO from the Dutch auction here

• There is no time limit for the claim.

In case you missed it

A successful Dutch auction was held on December 9th, with an ending price of 0.2844 USDC per token! The auction represented 3% of the total NEWO supply.

• Immediately after the end of the auction, a NEWO-USDC pool was launched on SushiSwap.

• Staking is also live with 2 vaults available: $NEWO SINGLE-SIDE and SUSHI LP - NEWO/USDC. Find the vaults here.

Inviting the Sushi DAO to our incubator to help make Sushiswap a hub for liquidity for all future DAO project launches!

https://t.co/EJQYgxxN5B

• Even with only one protocol (Aave) and three assets (DAI, USDC, USDT), there are many, many possible yield farming strategies.

• Determining the optimal strategy is not easy.

• The optimal strategy changes frequently over time.

• Optimization can provide a 50% greater APY.

• It is almost impossible to achieve the optimal strategy manually

First There Was an Opportunity

You are a new DeFi user, eager to make the gigantic yield farming returns all your Twitter friends seem to have been making since last summer.

You learn that Aave recently launched its liquidity mining program (AIP-16), which incentivizes users by rewarding them with AAVE tokens for depositing and borrowing on the platform. You understand that this program would effectively increase your yield as a depositor and reduce your borrowing cost as a borrower. And if the reward earned from borrowing exceeds the borrowing interest rate, Aave could even be “paying you” to borrow from the platform.

Excited, you visit Aave.com. Being the “calculated risk taking type” you decide to keep your assets in the three major stable coins: DAI, USDC and USDT. The rates for these stable coins are as follows:

It doesn’t take you long to figure out that, with a given amount of capital, you can repeatedly deposit and borrow in order to increase the amount of rewards earned. You jump in with 100 DAI and undertake the following sequence of transactions.

Deposit 100 DAI → Borrow 75 DAI → Deposit 75 DAI → Borrow 56.25 DAI → Deposit 56.5 DAI

After the above cycles, your initial 100 DAI has turned into:

• Deposits: 231.50 DAI

• Borrows: 131.50 DAI

As you sit there proudly earning rewards on 231.50 DAI deposits and 131.50 DAI borrowings, you start realizing the situation is not as simple as it appeared at first glance.

Then There Was an Optimization Problem

You realize there are several issues at play, and being also the “analytical type” you begin digging into them:

• Interest Rate Risk: Even though you are not exposed to exchange rate fluctuations, changes in interest rates could cause your borrowed amount to grow relative to your deposited amount, eating into your profit margin and possibly resulting in liquidation.

• Liquidation Risk: If you were dealing with non-stable coins, exchange rate fluctuations could cause your debt to exceed your borrowing limit, exposing you to liquidation loss. With stable-coins, changes in interest rates could have the same potential effect.

• Strategy Sequences: You realize that because you can deposit and borrow any of the three currencies (DAI, USDC, USDT), there are hundreds of possible sequences of deposits and borrows you can perform and it is not clear which one(s) are optimal. You also realize that the deposit, borrow and reward rates are constantly changing so “guessing” the optimal strategy would be exceedingly difficult.

• Costs and Constraints: To further complicate matters, gas cost, swapping costs and your deposit amount would also need to be accounted for in determining an optimal strategy as well as rebalancing frequency.

All of a sudden, your small contained experiment in a single protocol involving 3 liquidity pools starts to become nerve-wrecking. But….

Do we really need to Optimize?

Being also the “pragmatic type” you wonder whether you are over-analyzing the situation. Perhaps there are lots of possible strategies but they all converge to a similar rate of return. To get to the bottom of this you whip out your Jupyter Notebook and load up web3.py.

To keep things simple, you assume:

1. No gas cost

2. No swap cost

3. Limit of 5 steps

4. Depositing USDT can only be a final step, as USDT deposits cannot be borrowed against

You realize the first two assumptions are not realistic, but rather than get bogged down at this stage, you decide to revisit these later.

A quick cartesian product (pruned for assumption 4 above) gives the number of possible unique strategies.

You pull in the DAI, USDC and USDT deposit rates, borrow rates and reward rates at Block 12358916 and calculate the APY for each strategy.

The top three strategies for DAI:

The top three strategies for USDC:

Digging in further you note that strategy APYs (almost) follow a log-normal distribution with some attractive returns in the right tail. On the other hand, at this particular block there appears to be no unprofitable strategy. (You pat yourself on the back again for having discovered DeFi).

So now you are convinced that returns can vary quite a bit, and optimization could make the difference between a DeFi-boring 10% APY and a brilliant 35% APY you can tweet about.

But you are left wondering, how frequently does the optimal strategy change?

A Tale of Three Simulations

Being also the “obsessive-compulsive type” you decide to create a historic simulation (even though it doesn’t necessarily guarantee future returns).

You build three simualtions based on the above 4 assumptions (i.e. no gas cost, no swap cost, maximum 5 steps, USDT deposit can only be a final step).

Ranking Strategies Each Hour

At each hour, you rank the 345 strategies into deciles based on their APY.  For the Select and Hold model, you identify the most optimal strategy at the start of the simulation and track its decile rank through time.

The results show that this strategy, which was a 9th decile strategy (in fact, the best strategy) at the beginning frequently jumps to being a very poor strategy and then becomes a top strategy again.

Similar analysis of other strategies show that a top performing strategy changes frequently even within a span of a 7 day period.

And the Winner Is…..

You run the three simulations and plot the performance. Optimal Rebalance performs significantly better than the other two models. Surprisingly, the Select and Hold model (where you had selected the optimal strategy at the outset) performs only slightly better than the Random model.

Then, doing what a responsible data scientist would do, you extrapolate results to an annualized basis.

You arrive at the following conclusions:

• Even with only one protocol (Aave) and three assets (DAI, USDC, USDT), there are a remarkable number of possible strategies.

• Determining the optimal strategy is not easy.

• The optimal strategy changes frequently over time.

• Optimization can provide significantly superior returns. In the above case, with optimization, yield could be increased by almost 50%.

• There is no way you can possibly achieve the optimal strategy manually

Now if only there was a way you could easily optimize your yield farming without doing all the analysis, and then spending all day, day after day, rebalancing your portfolio in real time…..

OptyFi Protocol

The OptyFi Protocol (currently under development) is a Yield Optimizer capable of evaluating and executing thousands of yield strategies in real time across liquidity pools, protocols and blockchains. Assets deposited into OptyFi vaults are automatically placed into the most optimal current strategy matching users’ risk tolerance.

OptyFi smart contracts are able to execute arbitrarily complex yield strategies with a simple yet powerful command interface. OptyFi’s optimization engine identifies optimal strategies in real time, enabling OptyFi vaults to capitalize on opportunities to earn outsized returns. The protocol’s open architecture allows new protocols and liquidity pools to be added rapidly, resulting in an exponentially growing universe of executable strategies.

OptyFi vaults shall be operating New Order’s yield strategies.

We shall be releasing more information in the coming weeks. Please visit opty.fi and sign up for our email list and communication channels so we can update you on new developments.

A Postscript on Assumptions:

The astute reader may have found the No Gas Cost and No Swap Cost assumptions difficult to accept. Therefore, let us address these possible concerns:

1. Gas costs do not increase with the investment amount. If user assets are collected into vaults and then deployed collectively into optimized strategies, users would benefit from lower gas cost per unit of investment. When a vault reaches a certain size, gas costs start to become negligible. Also, we note that gas costs on many chains remain negligible even for small transaction amounts, and hold hope the scaling solutions will soon make this true for Ethereum as well.

2. Swap costs could range from 0.1% to 0.3% per swap depending on swapped amount. In our example, we assume the investor has access to liquidity in DAI, USDC and USDT without accessing DEX liquidity for example. If this were not the case, a complex strategy model could run multiple strategies simultaneously, cross-swapping between strategies, and only accessing external liquidity as needed (on a net basis). Finally, in the worst case, we could restrict ourselves to strategies with no swapping. This would reduce the total strategies for DAI and USDC to 12 each, still leaving us with a substantial optimization problem to deal with.

NEAR is an early investor in New Order, supporting our vision of constructing a multi-protocol DeFi ecosystem through incubation and accelerator programs. New Order will support the NEAR ecosystem by collaborating with Open Web Collective and Proximity Labs on early stage DeFi projects. Likewise, NEAR will provide feedback on project proposals from the New Order community. Together, both New Order and NEAR will generate venture opportunities and advance DeFI innovation..

The collaboration is further strengthened by NEAR’s introduction of an $800m fund focused on growing the adoption of DeFi through supporting projects with ecosystem grants, startup funding and acceleration programs.

New Order will also be building an on-chain DAO forum on the Aurora network, which allows for EVM compatibility on the NEAR blockchain. By using Aurora, New Order will be able to leverage the security of on-chain voting and the substantially cheaper fees available on Aurora. The ability to combine these benefits, along with a relationship with an innovative NEAR community, directly positions New Order for sustainable growth with virtually uncapped scalability.

Other areas of collaboration include jointly building developer communities through a DeFi hackathon, and New Order using Rainbow Bridge for various vaults to allow for seamless cross chain transactions.

New Order proposes a token swap between NEWO and PERP to further diversify our treasuries, strengthen our inter-protocol relationship and provide governance power in each other’s protocols.

Abstract

We view Perp as a valued infrastructural partner within our DAO, and as an intended member of our new incubator, we aim to deepen both our relationship and our exposure through a strategic token swap. This swap will provide New Order with additional Perp not acquired through our own treasury utilization, and give the Perp community exposure to the New Order ecosystem beyond our partnerships and incubated projects we are working on together such as OptyFi and IndexZoo. The swap carries with it an expectation that neither side trades or reduces their exposure without a governance vote, which the other party can participate in through their respective holdings.

Specification

• Execution at current $PERP 30-day moving average prices with no discount. And $NEWO token at last fundraise valuation ($50M FDV)

• $500k notional value, paid in sPERP and NEWO

• PERP 25-Day MA = $14.87

• NEWO Last Token Price = $0.06520

• 33,624.74 sPERP <> 7,668,711 NEWO

Mutual agreements

• 1 year cliff on vesting period

• New Order commits to keep future token swaps with perpetual and derivative protocols exclusive to Perp.

• Commitment to participate in governance votes

Therefore, New Order is pleased to announce that we’re partnering with Halborn who brings its award-winning, ethical hackers and blockchain specialists to protect our services and apps, and by working directly with protocol to protect from cyber attacks. Our incubated projects and ecosystem will benefit unimaginably from enhanced protection.

Halborn will work with New Order as a security resource to advise, direct, and help create a strategy and design that is secured, and built to reduce risk. We’ll work together to keep ecosystem projects safe from cyber attacks and find the most efficient way to protect the system, networks, software, data and information systems against any potential attacks. This will be accomplished through the implementation of vulnerability testing, threat analysis, and security checks, performing research on cyber security criteria, security systems, and validation procedures, manage meetings to fix specific internet safety problems, and calculate accurate cost estimations and categorize integration issues for project teams. By planning and designing healthy security architectures for any project we’ll provide security solutions using business standard analysis criteria & deliver technical reports and official papers relating to test findings and give professional supervision and guidance to project teams.

Halborn will assist in auditing, advising, and validating that all technology, people, and processes are either implemented securely, or planned with security best practices. In addition, by performing risk assessments we can calculate impact and likelihood of a security breach or incident. Using Halborn’s security advisory service; we will provide an end-to-end risk assessment on all facets of the system, and guide prioritization with recommended mitigating measures. Halborn will perform active hands-on penetration testing using deep security inspection technology to identify critical vulnerabilities before they are exploited by adversaries in the real world. The penetration test will simulate the activities and tactics typically performed by threat actors to ensure the projects reduce their exposure to security threat vectors. With respect to smart contract security, Halborn implements Smart Contract Code Analysis, which is a method of computer program debugging that is done by examining the code and logic of a smart contract statically and dynamically. The process provides an understanding of the code structure, and can help to ensure that the code adheres to quality standards, and is free of vulnerabilities. The principal advantage of smart contract analysis is the fact that it can reveal errors that do not manifest themselves until a disaster occurs weeks, months or years after release.

Together we can build the next generation of DeFi that is not only going to be seamlessly multi-chain, machine intelligent, but also more secure than previous generations.

Join us in our quest

Discord

Github

Twitter

Mirror

Telegram

Docs

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Please note: To date, we’ve successfully completed an audit covering our core DAO Smart Contracts with Peckshield to ensure the security of our DAO.

Note: In a MISO Dutch auction, the price is set at a higher value per token than expected and descends over time, with the eventual price being settled on once all tokens have been sold. Please refer to MISO’s explanation of Dutch auctions for more information.

In order to participate, you’ll need enough $USDC to make your purchase and some $ETH to cover gas fees.

How to commit your $USDC

1. Visit the MISO Launchpad.

2. Click the “CONNECT” button in the top right corner.

3. Select the option to connect the wallet of your liking to MISO.

4. Ensure that your wallet is connected to the Ethereum Mainnet. If metamask is used, you will see a list of networks in the top right of your wallet.

5. In the left navigation bar, select “Marketplace” then “Live Sales.”

6. In the Live Sales Page, select the “New Order Sale”.

7. After selecting the New Order Sale, information about the Dutch auction and a countdown timer will be displayed.

8. In the “Commitment” section, there are two ways to set your bid. You can use the slider to determine the minimum $NEWO you’d like to receive or type in a value for the maximum $USDC tokens you’d like to commit.

The auction price will range from a minimum of 0.075 USDC to a maximum that will be soon announced. The final auction price will be determined based on the cumulative bids from participants.

9.  Once you have decided how much you would like to commit, click the “APPROVE” button to bring up the transaction approval in your wallet. Your wallet will ask if you wish to allow MISO to spend and withdraw your USDC. Review the details carefully and confirm.

IMPORTANT: You need to APPROVE the transaction, then COMMIT your tokens.

10. After approving your transaction, you should see a pop-up on MISO saying your tokens have been sent with a link to Etherscan.

11. Once your wallet confirms that the transaction has been completed, you can then formally commit your tokens.

IMPORTANT: If you only approve your transaction but don’t commit the tokens, you will not have fully participated in the auction.

12. You have successfully participated in the $NEWO Dutch Auction! Come back when the auction ends to claim your tokens.

Note: Your tokens will be held securely by the auction contract until the auction ends. Please return when the auction ends on 10 December 2021 to claim your tokens.

How to claim your $NEWO tokens

After the auction ends on or before 8:30am Friday, 10 December 2021, it’s time to claim your tokens.

1. Return to the MISO launchpad.

2. In the left navigation bar, select “Marketplace” then “Past Sales.”

3. In the Past Sales Page, select the New Order Sale.

4. You should see a screen indicating that “This auction has been finalised.” If you don’t see this image, please wait and return later.

5. After a successful auction, MISO will calculate your amount of tokens based on the final sale price. You can claim your tokens by clicking the “CLAIM” button.

6. Your Wallet will pop up with a confirmation screen. Click to confirm.

7. You should see a pop-up on MISO saying your tokens have been sent with a link to Etherscan.

8. After they arrive in your wallet, MISO’s auction page should say “Congratulations! Your tokens have been claimed.”

9. Your tokens should automatically display in your Wallet. If you have trouble displaying your tokens, you may need to manually add them using the token address, which will be announced soon.

IMPORTANT: Please note all tokens for all sales and allocations will be sent after the Dutch auction ends. No matter which forum you use to obtain tokens, there will be a respective delay until the auction has completed before they are received.

In case of an unsuccessful auction, MISO will return your committed $USDC minus any fees incurred. In the rare case that the auction is not finalised by the creator, MISO will let any auction participant finalise after 14 days and reclaim their $USDC.

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The terms and conditions of the $NEWO governance token can be found here.

Note: Beware there are many scams happening over Discord, Twitter, Telegram and other platforms. While the core team attempts to implement the best security measures including shutting down malicious actors - nothing is 100% foolproof. Stay vigilant, be wary of scams and alert the team when it comes to your attention. There is no $NEWO token trading on the market. New Order will NEVER do sudden announcements or early bird sales, etc. If it looks like a scam, chances are it is and you should be careful.

Disclaimer: This article is for information and discussion purposes only and remains subject to change. New Order and its affiliates (collectively, “New Order”) shall have no liability, and disclaim all liability, for losses or damages (whether direct, indirect, consequential or any other kind of loss or damage) arising out of the use, reference to, or reliance on the contents of this article, even if New Order has been advised of the possibility or likelihood of the relevant use, reference, or reliance or of damages arising therefrom. Neither this article nor any information contained in it shall form the basis of, or be relied upon in connection with, any offer, commitment, or agreement whatsoever in any jurisdiction, including (without limitation) the United States. Without limiting the foregoing, neither this article nor the information contained in it shall constitute or form part of, and should it be construed as, an offer for sale or subscription for, or solicitation of any offer to buy or subscribe for, tokens issued by any New Order entity or any products or services offered by any New Order entity. Any offer or other opportunity to acquire tokens as described in this presentation will be made, and any potential purchaser should make its decision in respect of providing services to New Order and/or acquiring such tokens, solely on the basis of the information set forth in final documentation executed and delivered by the applicable New Order entity and the eligible token acquirer. This article contains no promises or guarantees, and should not be interpreted to contain any promises, guarantees, or warranties, by any New Order entity or personnel thereof regarding the design or launch of a decentralized autonomous organization, the design or issuance of any token, any software attendant to any of the foregoing, or the inherent or market-determined value of any token.

[REDACTED] has built its value proposition around Curve, which provides liquidity across several Layer 1 and Layer 2 chains, creating a one-stop-shop for everything liquidity in DeFi. Accumulating voting power for CRV gauge through [REDACTED] allows New Order to tap into the allocation of, arguably, the most important governance token in DeFi. Further, New Order is also able to get exposure to innovative POL bonding mechanics that allow protocols to own their own liquidity, drastically decreasing the costs of liquidity mining.

The apparent advantages of a protocol owning its own liquidity are clear, as it promotes a stable token price and encourages a cheaper approach to liquidity mining. The stable token price is achieved by the protocol-owned LP tokens on decentralized exchanges. This limits volatility and ensures minimal price slippage when trading. Ultimately, providing a cheaper and less dilutive approach to liquidity mining as the liquidity is owned by the protocol instead of being forced to provide absurdly high APY’s to attract mercenary capital.

[REDACTED] has successfully passed the Olympus governance snapshot vote to become the first official branch of OlympusDAO focused on acquiring CRV, CVX, and other relevant governance tokens. This partnership is significant in that it will allow for alignment with the large and engaging community of Olympus and achieve important synergies for future incubated projects.

The synergies around Olympus and the Ohmies are apparent, though why the focus on Curve?

Curve

In its short lifespan, Curve Finance has established itself as one of the key building blocks in the DeFi ecosystem, utilizing its DAO and gauge mechanism as a gatekeeper for success among some of the fastest growing protocols in DeFi such as Convex and Abracadabra. Curve grew to become the largest decentralized exchange in DeFi, with a strong focus on exchanging stablecoins and wrapped assets. Yet, many participants are not aware of the full extent of Curve’s influence in DeFi. Curve is the black hole for liquidity and anyone who has experimented with DeFi protocols, will find that a significant number of DApps use Curve to source liquidity and yield without one even recognizing it.

Just over a year ago when the Curve governance token was first released, the protocol started issuing CRV rewards to LP holders in order to accumulate more stablecoins and fees which in turn, further bolstered Curve as the hub for high liquidity, efficiency, and yields. Like most tokens in DeFi, CRV has its main use case in governance over the protocol. Token holders are required to lock CRV for veCRV ( vote-escrow CRV) which acts as the illiquid access token to the governance mechanism.

Votes and rewards are weighed by both the quantity of tokens and the duration for which the tokens are time-locked. The longer the lock-up period, the greater the voting power and larger the rewards. Users can lock CRV for a minimum of a week and up to four years. The longer the CRV is locked, the bigger the “boost” (up to 2.5x), which means that the user receives more veCRV, which aligns long-term stakeholders with the protocol's success. Another benefit for veCRV holders is the right to receive fees generated by the liquidity pools, in addition to deposit and withdrawal fees. To put things into perspective, at the time of writing, 47% of all circulating CRV is vote-locked for an average of 3.6 years.

The most active part of governance is the gauge mechanism. The inflation of the CRV token goes to users who provide liquidity. The liquidity gauge measures how much a user is providing in liquidity. Each gauge also has a weight and a type. Those weights represent how much of the daily CRV inflation will be received by the liquidity gauge.

About a year after this experiment in decentralized inflation went live, Yearn recognized the importance of the curve gauge to the success of many protocols. The Yearn team released a tool appropriately called bribe.crv.finance that allows DeFi projects to bribe veCRV holders with token rewards in exchange for their votes.

[REDACTED] is positioning itself at the epicenter of the battle for Curve’s decentralized inflation control, though with a very important advantage - bonding. The bonded Curve ecosystem tokens will be utilized to sustainably compound voting power according to the Constitution, which was carefully drafted to ensure a razor sharp focus on voting accumulation. Unlike other protocols where the staked tokens can be withdrawn at any time, bonded tokens are a one-way transaction, which ensures that the protocol can consistently increase its treasury. In the case of [REDACTED] that means that bonded governance tokens will never be sold or exchanged, and will only be used to further the mission to increase governance presence.

Roadmap

[REDACTED] has developed a strong community in Discord and Twitter, with a tentative schedule to launch on mainnet in mid December 2021. The gitbook is under consistent development to ensure that it is refined and expresses the mission of the project with enough technicalities to satisfy the curious, while still being simple enough to cater to a wide audience. To get more information about the project please Join our Discord, where you will have access to the most up to date project developments!

What is New Order?

For those new to the community, New Order is a permissionless, community-driven venture DAO incubator for decentralized financial (DeFi) projects. The platform is led by community members & ecosystem partners and aims to accelerate early stage DeFi applications and surround teams with talent and resources to fast track their growth and development.

What’s been accomplished so far?

We are currently incubating 3 projects (Redacted, H2O, OptyFi) in the DAO which are being built in-house and grew out of the core team's experience being deep in the DeFi community.

• Redacted is a complementary Sub-Dao of the Olympus Protocol and aims to extend the governance process of the Olympus community to the Curve ecosystem.

• H2O is a non-pegged stable asset created in collaboration with Ocean Protocol and Reflexer Labs using a new digital asset class, datatokens, as collateral.

• OptyFi is an automated, machine learning driven, cross-chain yield optimizer.

Earlier today we announced that New Order will be partnering with Outlier Ventures to bring 30-40 DeFi projects to market over the next two years with the first cohort starting early 2022. Finally, we’ve raised $4M in our private investment round that will provide funding and a world class support network to make the DAO an important contributor to the DeFi ecosystem.

How is New Order different from other DAOs?

We’ve gone to great lengths to make New Order a DAO for builders as opposed to one driven by traditional venture capital.

Our first three incubated projects were spun up with deep knowledge of the industry, tackling problems unique to DeFi. Our aim is to continue building with our community and ecosystem partners, and formalize it in a radically transparent process within the DAO framework.

We plan to conduct all discussions in a public forum with sub DAOs, including treasury management, venture development, etc. with the goal of fully passing off the core contracts and voting mechanism to the community late next year.

What is New Order’s thesis?

The New Order thesis is that a venture platform run by a community of DeFi builders can create a powerful DAO treasury to provide continual and valuable resources for builders beyond investment capital.

Our network of DeFi builders will determine what projects get launched to best serve the DeFi ecosystem.

Our thesis for DeFi focuses on machine learning, multi chain strategies, and an expansion to new digital asset classes. As a result, we’ve committed to conducting voting across chains and plan to build and spread treasury funds across many different chains.

With the emergence of NFTs, datatokens and all types of representation of value on-chain, in the coming years we feel these new asset classes will open up unknown and exciting new applications for people which we want to help build.

We expect our initial thesis to evolve with the help of the community and there's no better mechanism for real time evolution than a public facing DAO.

What’s on the roadmap?

Q4 2021

Following the public IDO through Sushi Miso, the $NEWO governance tokens will be distributed for use in snapshot voting in our DAO. During this quarter, we plan to announce and roll out the launches of our in-house DeFi projects to seed the DAO.

Q1 2022

New Order core smart contracts will be extended to multiple EVM chains including Avalanche, Polygon, NEAR protocol, Arbitrum and Moonbeam among others. Voting will be aggregated to capture all votes cross chain.

Our plan is to launch the first cohort of New Order’s accelerator program in partnership with Outlier Ventures - the aim is to bring 30-40 projects to market within 2 years.

Q2 2022

With the core infrastructure set, we will run our first hackathons to attract more developers as the core team has done in the past - our plan is to partner with Gitcoin on this endeavour.

To bring in even more users, we plan to extend the governance token to non-EVM chains and partner networks such as Solana, Terra, and Algorand.

Q3 2022

Finally, in the fall of 2022, all aspects of the DAO will have been fully transitioned into our unique Sub-Dao architecture that has been built in-house.

With the first cohort of 8-10 projects from our accelerator in full swing, we expect to have launched 5-6 internally incubated projects through the DAO and continue the process with additional cohorts.

Finally, we will roll out V2 of our core contracts with cross-chain strategies, an on-chain forum with governance integration, re-designed Dapp marketplace and more.

How does the auction work?

We’re conducting a Dutch Auction through the MISO IDO platform which will give people a chance to set their price and not force through transactions. We wanted to create an inclusive IDO and 24 hours to join will provide enough time for everyone to submit bids.

We chose the Sushi community because we’re aligned with them on the commitment to decentralization and transparency and plan to use SushiSwap as the main hub for liquidity.

Auction Details

• Auction Type: Dutch

• Total token supply: 800,000,000

• Amount for auction: 3% of total supply (24,000,000 tokens)

• Initial Market Cap: $3.59M

• Implied Minimum Price: 0.075 USDC per token

• Bid Currency: USDC

When & Where

• When: Thursday, December 9th, 2021, 8:30 EST

• Duration: 24 hours

• Where: Sushi MISO Launchpad

Allocation of Tokens

We’re all really excited to start this journey with the community and our token launch is only the first step in the process. If you have any questions, please reach our core team members on Discord and we’ll get back to you as soon as possible.

Connect with us on

Discord

Github

Twitter

Mirror

Telegram

Docs

--

The terms and conditions of the $NEWO governance token can be found here.

Note: Beware there are many scams happening over Discord, Twitter, Telegram and other platforms. While the core team attempts to implement the best security measures including shutting down malicious actors - nothing is 100% foolproof. Stay vigilant, be wary of scams and alert the team when it comes to your attention. There is no $NEWO token trading on the market. New Order will NEVER do sudden announcements or early bird sales, etc. If it looks like a scam, chances are it is and you should be careful.

Disclaimer: This article is for information and discussion purposes only and remains subject to change. New Order and its affiliates (collectively, “New Order”) shall have no liability, and disclaim all liability, for losses or damages (whether direct, indirect, consequential or any other kind of loss or damage) arising out of the use, reference to, or reliance on the contents of this article, even if New Order has been advised of the possibility or likelihood of the relevant use, reference, or reliance or of damages arising therefrom.

Neither this article nor any information contained in it shall form the basis of, or be relied upon in connection with, any offer, commitment, or agreement whatsoever in any jurisdiction, including (without limitation) the United States.

Without limiting the foregoing, neither this article nor the information contained in it shall constitute or form part of, and should it be construed as, an offer for sale or subscription for, or solicitation of any offer to buy or subscribe for, tokens issued by any New Order entity or any products or services offered by any New Order entity. Any offer or other opportunity to acquire tokens as described in this presentation will be made, and any potential purchaser should make its decision in respect of providing services to New Order and/or acquiring such tokens, solely on the basis of the information set forth in final documentation executed and delivered by the applicable New Order entity and the eligible token acquirer.

This article contains no promises or guarantees, and should not be interpreted to contain any promises, guarantees, or warranties, by any New Order entity or personnel thereof regarding the design or launch of a decentralized autonomous organization, the design or issuance of any token, any software attendant to any of the foregoing, or the inherent or market-determined value of any token.

The partnership aims to drive DeFi innovation by leveraging New Order's existing network of builders, investors and smart contract developers to create a new breed of next-generation decentralized financial applications which will naturally complement Outlier Ventures thesis around the open metaverse. Together, they will launch the first DeFi Base Camp.

Outlier Ventures has a long track record having raised more than $250 million in funding for startups since their founding in 2014. New Order is the first venture DAO that Outlier Ventures has supported and invested in. Their Base Camp program is a proven accelerator for web3 startups and has already been tapped by Polygon, Filecoin and Polkadot networks to bring new projects to market.

Outlier Ventures’ partnership with New Order will be unique as it represents a significant commitment to the DeFi space and moreover, their first investment and support for a venture DAO.

While the main goal is to drive more DeFi as we know it, together we also plan to explore "MetaFi", a term coined by Outlier Ventures. MetaFi is DeFi applied to Metaverse, for example, NFTs are now being used as collateral for multi-million dollar loans.

The combination of New Order's open and transparent public funding and development process with Outlier Ventures’ hands-on experience and pedigree in working with early stage startups will ensure select DeFi projects get to market faster, supported by world class collaborators.

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‘With Outlier’s industry leading Web3 accelerator and New Order’s DeFi ecosystem, our DeFi Base Camp will launch exciting projects that will bring new DeFi products and user experiences to Web3 communities, CeFi, metaverses and more.’ - Eden Dhaliwal, Founder, New Order

‘We have been investing in DeFi for several years but it requires a very nuanced service provision and ecosystem activation which requires its own dedicated Basecamp program. New Order’s venture DAO was able to bring that together in a scalable way, and together we can really define a whole new category of DeFi, MetaFi.’ - Jamie Burke, CEO, Outlier Ventures

https://www.neworder.network/launch