If I gave you the option to win 100 grand ($100,000.00) or lost $500, would you accept?
The risk / reward ratio is insane, too good not to take the risk.
If that still doesn’t convince you, keep reading to find out why we think Babylon DAO is OHM on steroids.
What if I told you we found a BETTER VERSION of OlympusDAO?
Let me explain why we think this project will bring us DEFI 3.0
What @OlympusDAO did for the world was demonstrate the power of a TREASURE and a POL (Protocol Owned Liquidity). But OHM had its flaws:
First (and Worst): It was launched in @ethereum in March 2021, when ETH was around $1800 and gas fees were already a big problem for us, the Crypto-Community. So what did the extremely expensive gas fees in ETH do to the Crypto-Community? Only institutions, insiders, and whales could pay $ 300 each time they interacted with a protocol (transfer, exchange, add liquidity, remove liquidity) How much money do you need to have to not be rekt by ETH gas fees? At least 100 grand! ($100,000) And I’m not talking about your net worth, just liquid money for investment or cash.
Second: @OlympusDAO had Zee Prime Capital, Nascent, D64 Ventures and Maven11 Capital enjoying a PRE-presale price as you can corroborate here: https://olympusdao.medium.com/what-is-poh-16b2c38a6cd6
Third: even though OHM applies the concepts of a Decentralized Autonomous Organization and run their governance through voting, the enormous voting power that venture capitalists, insiders and whales have, calls into question their decentralization.
So let’s compare our # 1 Contender to OHM:
- BabylonDAO will live in @solana
https://docs.solana.com/introduction
Transfer fee: 0.000005 SOL ($ 0.0010685) 12/25
Fees for interaction with a protocol: $0.30 (exaggerating) vs $ 300 in Ethereum, and let’s not start with network speeds.
2. @BabylonDao have no VCs! It is a 100% Community DAO, each member can get a place in your WL by making valuable contributions to the Babylon Community. Let’s not downplay that, afaik OHM only gave 3 spots to the community through contributions: https://olympusdao.medium.com/the-olympus-launch-contest-31d0e60b1fc0
In @BabylonDao we are creating a VERY DECENTRALIZED COMMUNITY without VCs, insiders or whales! And our community is growing at tremendous speeds, right now we have an impressive 53k followers on Discord, and we haven’t even made our Launch yet! Guess how many followers @OlympusDAO had before its launch in March 2021? Less than 3k !!! And I guess most were VC related Check it out: https://discord.com/channels/798328113087119371/805854637163806751/824829373810606110
3. @BabylonDao will create BabylonSwap: The First DEX with Protocol Owned Liquidity!!! This is a powerful innovation in DeFI and it will give us the First Mover Advantage. The days when your favorite protocol stopped working because liquidity providers took off on another project are over. BabylonSwap will own all its liquidity! And only this point deserves a nwe article explaining why it is so innovative.
Finally, what do we get when we add everything together?
Treasury + POL + No VCs + Solana + Very Decentralized Community + DEX Owned Liquidity = BabylonDAO!
Babylon DAO is OHM on steroids! And I’m not kidding about that.
