AirDAO Launches Tokenomics Overhaul to Build Thriving Web3 DeFi Ecosystem

  • by

• AirDAO is a community-governed layer-one blockchain with a suite of web3 dApps.
• The upgraded AirDAO Tokenomics outlines the changes coming to AirDAO in 2023, including voting, rewards structure, liquid staking solution and deflationary supply.
• These updates establish AirDAO as a community-driven Layer 1 project and ensure the stability of the network for the long term.

Overview of AirDAO

AirDAO is a community-governed layer one blockchain with a suite of web3 dApps accessible through the AirDAO Dashboard, all powered by the AMB token.

Changes in 2021/2022 Tokenomics Upgrade

The upgraded AirDAO Tokenomics outlines the changes coming to AirDAO throughout 2021 and 2022. The update includes:

  • Implementation of DAO voting for community governance.
  • Enhanced rewards for validator nodes.
  • The addition of a liquid staking solution for easier access to rewards.
  • A Bond Marketplace that guarantees sustainable protocol-owned liquidity for the ecosystem.
  • A max token supply with an eventual deflationary supply accomplished through burning mechanisms.

These changes establish AirDAO as a community-driven Layer 1 project and ensure the stability of the network for the long term.

Benefits Of Community Governance

Community governance enables users to make decisions on protocol upgrades or additions on their own terms and timeframes without relying on third parties or centralized institutions. This will provide much faster decision making, allowing developers to quickly adjust protocols according to user feedback or market conditions. Additionally, it helps keep costs down and increases transparency since decisions are made publically in open forums through smart contracts on Chainlink’s Oracle Network.

Liquid Staking Solution

The addition of a liquid staking solution ensures all community members can contribute towards securing the network due to its lower barriers to entry (such as minimal capital requirements). This allows users who don’t have large amounts of tokens but still want to participate in securing the network and earning rewards.

Deflationary Supply

The institution of a max token supply with an eventual deflationary supply is crucial for long-term sustainability—AirDAO will implement several burning mechanisms to accomplish this. This will reduce inflation, stabilize prices and increase demand while conserving resources.