Tokemak Joins the Knights of the Citadel
Hear Ye, Hear Ye! Tokemak has joined the Knights of the Citadel, becoming a launch partner for CitadelDAO -- which aims to become the single largest community owned BTC position in the world.
Tokemak has joined The Knights of the Citadel, a group of launch partners who will be distributed a governance stake in Citadel DAO.
Citadel is a treasury DAO that aims to acquire massive token holdings (primarily BTC) and allow members to benefit from the earned yield through Badger vaults, Convex, and more.
Effective partnerships fuse vision with values to create purposeful direction and drive meaningful action.
— CitadelDAO (@TheCitadel_DAO) March 2, 2022
To help promote balance and power a new financial future, we welcome @TokenReactor as a Knight of the Citadel.
⚔️🧎 #Bitcoin pic.twitter.com/lnf5F5V7ne
Unlike most DAOs whose goal is to ship a product or service, treasury DAOs aim to strategically invest their holdings in order to take advantage of yield generating opportunities that would otherwise be too time consuming or costly for individual users.
The large holdings that a treasury DAO controls also gives it more influence across the crypto ecosystem, allowing it to vote for more favorable terms or request new strategies from protocols, or demand additional BTC-based yield options.
The treasury and protocol will be governed by the CTDL token, with a predominant Bitcoin treasury actively earning yield and shared with long term CTDL holders.
Tokemak users will be whitelisted to join Citadel DAO, so stay tuned for further updates!
Citadel DAO