Social maker

Uniglo.io, Maker, Lido DAO and Aave are the DAOs to watch for 2023 – CryptoMode

As decentralized finance becomes more mainstream, the principles it represents are also growing stronger. DAOs (Decentralized Autonomous Organizations) are community-based entities with no central authority representing true democracy, with each proposal subject to a vote.

With the current trajectory of the crypto space, it looks like 2023 will be a massive year for DAOs, especially Uniglo (GLO), Maker (MKR), Lido DAO (LDO), and Aave (AAVE).

Uniglo (GLO)

Uniglo is a social currency that offers a viable long-term store of value by leveraging the principles of asset ownership and scarcity. The Uniglo vault will contain a collection of physical, NFT and digital assets. These assets give GLO a floor price guaranteed by the value. And being a DAO, GLO holders will vote on purchases and sales relating to the Vault.

Regarding scarcity principles, the white paper outlines a revolutionary burning strategy called the Ultra Burn mechanism. It sees 2% of each transaction burned, and this drastic reduction in total supply makes GLO DeFi’s first hyper-deflationary token.

Uniglo was built to deliver value while allowing investors to drive the future direction of the protocol, and it is a DAO poised to explode in value.


Manufacturer (MKR)

Maker DAO governs the Maker Protocol responsible for minting DAI, the fourth-largest stablecoin by market capitalization and the largest decentralized stablecoin. Investors collateralize the crypto and can then mint DAI. MKR holders govern this protocol; they can influence the savings rate, the collateral assets accepted, and even the risk parameters.

As DAI’s market capitalization continues to swell as more people access digital dollars around the world, it’s only natural that MKR’s value will recover.

Lido DAO (LDO)

Lido has solved a problem that has plagued the digital asset space for years, the inherent illiquidity of staking. Lido has devoured large amounts of liquidity and has become by far the largest validator of Ethereum as investors globally trade ETH for stETH. This allows them to earn staking rewards while maintaining liquidity for other DeFi purposes.

LDO is the governance token, and since Lido introduced staking options for PolkaDot and Kusama, this token should continue its tear in the rankings.

Aave (AAVE)

AAVE is both a governance token and a utility token. In addition to allowing holders to benefit from lower interest rates for loans, it allows them to vote on proposals. The most recent proposal approved a new stablecoin, GHO, which will be minted against collateralized cryptos, while those collateralized assets still receive interest payments, making GHO the first example of a yield-generating stablecoin.

Final Thoughts

The incoming bull market will be massive for DAOs, and investors who hold these governance tokens will enter the inner workings of the digital asset space, joining something bigger than themselves, while earning tremendous profits. .

Investors should not miss the opportunity to load governance tokens at their current valuations.

Learn more here

Join the presale: https://presale.uniglo.io/register

Website: https://uniglo.io

Telegram: https://t.me/GloFoundation

Discord: https://discord.gg/a38KRnjQvW

Twitter: https://twitter.com/GloFoundation1


Always do proper research when dealing with currency and token presales. The above information does not constitute investment advice from CryptoMode or its team, nor does it reflect the opinions of the website or its staff.

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