DAOs Are Now Giving Out Christmas Bonuses (Kind of…Lettuce Explain)

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AaveDAO is proposing ‘payment switches’, which is beginning to seem like a pattern within the DAO area. 

It is just like the crypto model of firms giving out Christmas bonuses.

Which sounds bizarre, so lettuce clarify:

AaveDAO is a community-driven DAO (aka group owned group) that loans out cash for individuals to buy cryptocurrency. What’s loopy right here is that AaveDAO has internet income of $60M a 12 months as of now.

(That’s a stable enterprise!)

Which is the place Payment Switching is available in: 

All DAO’s accumulate charges in a technique or one other. 

Charges are used to pay for administrative duties, coding & improvement, or for different ‘business-expenses.’ However when all prices are met, and income are rising – charges may be used to bolster the DAO’s longevity. 

For Occasion: AaveDAO desires to reward its group for holding its token, which helps to stabilize value and maintain its financial well being.

The upcoming proposal which (if voted via) would lead to a bit of payment income being re-distributed to those that maintain the $AAVE token.

(The identical method that, every Christmas, huge firms take a bit of yearly income and distribute it to the staff who helped generate it).