StakerDAO Launches Platform for Governing Financial Assets in a Secure, Decentralized, and Compliant Manner
PALO ALTO, Calif.--(BUSINESS WIRE)--Oct 30, 2019--
StakerDAO today announced the launch of their new platform, designed specifically for governing financial assets in a secure, decentralized, and compliant manner. The new platform plans to deliver financial assets that make it easy to participate in Proof of Stake, and is intended to ensure compliance from the outset.
StakerDAO is being launched by Jonas Lamis, with initial funding from Polychain Capital. STKR, the governance token for StakerDAO, is anticipated to be built on a newly developed GOV.1 token standard on Tezos, and STKR holders will have primary responsibilities of submitting proposal ideas and electing members of the five member Staker Council.
“Crypto solves real problems, and that means it needs to interact in our world of laws and regulations,” said Jonas Lamis, founder and CEO of StakerDAO. “I believe that the best innovations driving crypto in this direction over the past few years have been at the intersection of on-chain governance, provably secure smart contracts, and decentralized financial products. The world of centralized financial service providers, operating opaquely and only for the benefit of the few, cannot indefinitely sustain itself against the coming waves of open, decentralized finance. The launch of StakerDAO aims to help push society in that direction while also providing necessary compliance.”
Under the direction of the Staker token holders, StakerDAO intends to launch and manage a growing collection of decentralized financial products, all secured by the Staker Agora governance process. The five-member Staker Council governs decisions about the various assets that StakerDAO manages using the Staker Agora governance process.
Three council members are elected annually through a Tezos on-chain vote of STKR tokens. Two council members are appointed from the Staker Stability Team. The Staker Stability Team serves as the R&D arm of the Staker Council and will package the best community selected ideas into formal proposals for governance.
The Staker Stability Team is currently researching and evaluating leading layer 1 PoS protocols and other synthetic products. StakerDAO anticipates announcing its first financial governance projects in early 2020.
For more information on StakerDAO, visit: www.stakerdao.com
StakerDAO is a platform for governing financial assets in a decentralized, secure, and compliant manner.
STKR, the governance token for StakerDAO, is built on a newly developed GOV.1 token standard on Tezos. The Staker Stability Team is currently researching and evaluating leading layer 1 PoS protocols and other synthetic products. StakerDAO anticipates announcing its first financial governance projects in early 2020.
StakerDAO was founded in 2019 by Jonas Lamis, with financial backing from Polychain Capital.
For more information, visit: www.stakerdao.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20191030005296/en/
CONTACT: Tony Fassi
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY FINANCE SECURITY BANKING OTHER TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE NETWORKS DATA MANAGEMENT
Copyright Business Wire 2019.
PUB: 10/30/2019 11:00 AM/DISC: 10/30/2019 11:01 AM