EPISODE · Jan 18, 2022 · 1H 50M
#024 SquidDAO: Web3 Project Deep-Dive: Part Crypto Hedge Fund, Part NFT DAO. An Anonymous Conspiracy for Mutual Enrichment
from Smart Friends · host Eric Jorgenson
SquidDAO is an “Economic Flywheel denominated in Ethereum.” What does that mean? Good question, I wondered too. It’s basically a conspiracy amongst anonymous people on the internet to make money together. And anyone can join! I dug in with a few members to see what it’s all about. They sell NFTs, they issue tokens, they invest a treasury… they earn money! And they share it with token and NFT holders. This is my first pseudonymous podcast as well as the longest one I’ve ever done. In this episode, we explore a relatively new web3 project, Squid DAO, with a few guys I only know by their online handles. Squid DAO is described as an economic flywheel backed by Ethereum and is part company, part DeFi investment fund, and part NFT project. SQUID is currently trading for roughly the value of the assets it holds in the treasury, which could make it a great investment opportunity. Squid DAO is a great microcosm of the world of web3 as it is essentially a megatron of the various forks of web3 projects, which makes it a great learning opportunity. We explore the economics of the DAO and why it is denominated in ETH rather than dollars. It can be valued via income derivative, the multiple on the treasury, or what it is trading at against what is on the balance sheet. Recently, a new governance proposal was passed making Squid and NFTs productive assets so that users may better run analyses. ETH is considered the best index and essentially operates like cash for the DAO. We wrap up the episode by talking about how to learn more and get involved. Squid DAO’s Twitter and Discord are great ways to learn more, but the best way to gain mastery is by investing your own money. If looking to get involved, you can help with whatever skills you have to offer, be it marketing, as a developer, a degen or coding strategist, or someone with a web2 background. Links: Squid DAO NFT Auctions Squid Docs Squid Treasury Dashboard Squid Discourse (Governance Forum) Olympus DAO Index Coop SquidDAO Discord The Squids on Twitter @SquidDAO @BigSquid0x @Zoption @0xSquidSteed Additional Episodes If You Enjoyed: Simon Judd: How Index Coop is building Crypto Index products Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) Sean O’Connor: How Blockchain is Changing Society with Costless Transactions If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage
What this episode covers
SquidDAO is an “Economic Flywheel denominated in Ethereum.” What does that mean? Good question, I wondered too. It’s basically a conspiracy amongst anonymous people on the internet to make money together. And anyone can join! I dug in with a few members to see what it’s all about. They sell NFTs, they issue tokens, they invest a treasury… they earn money! And they share it with token and NFT holders. This is my first pseudonymous podcast as well as the longest one I’ve ever done. In this episode, we explore a relatively new web3 project, Squid DAO, with a few guys I only know by their online handles. Squid DAO is described as an economic flywheel backed by Ethereum and is part company, part DeFi investment fund, and part NFT project. SQUID is currently trading for roughly the value of the assets it holds in the treasury, which could make it a great investment opportunity. Squid DAO is a great microcosm of the world of web3 as it is essentially a megatron of the various forks of web3 projects, which makes it a great learning opportunity. We explore the economics of the DAO and why it is denominated in ETH rather than dollars. It can be valued via income derivative, the multiple on the treasury, or what it is trading at against what is on the balance sheet. Recently, a new governance proposal was passed making Squid and NFTs productive assets so that users may better run analyses. ETH is considered the best index and essentially operates like cash for the DAO. We wrap up the episode by talking about how to learn more and get involved. Squid DAO’s Twitter and Discord are great ways to learn more, but the best way to gain mastery is by investing your own money. If looking to get involved, you can help with whatever skills you have to offer, be it marketing, as a developer, a degen or coding strategist, or someone with a web2 background. Links: Squid DAO NFT Auctions Squid Docs Squid Treasury Dashboard Squid Discourse (Governance Forum) Olympus DAO Index Coop SquidDAO Discord The Squids on Twitter @SquidDAO @BigSquid0x @Zoption @0xSquidSteed Additional Episodes If You Enjoyed: Simon Judd: How Index Coop is building Crypto Index products Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) Sean O’Connor: How Blockchain is Changing Society with Costless Transactions If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage
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#024 SquidDAO: Web3 Project Deep-Dive: Part Crypto Hedge Fund, Part NFT DAO. An Anonymous Conspiracy for Mutual Enrichment
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