The crypto security platform MahaDAO has announced details of a stakeout program that is provided with the help of Ferrum Network. The program enables the community to set the MAHA governance token of the project, which was recently made available to the public via Polkastarter DEX.
The Initial Dex Offering (IDO) sold out in less than three minutes on December 17th. This was one of the first token sales made on Polkastarter. MahaDAO will now begin with a deployment program that delivers an APY of almost 40%. In order to qualify for the maximum available APY, users must set tokens for 90 days.
Stake out to precede the start of the protocol
The MahaDAO protocol is slated to be released in January, after which users will be able to open and manage Collateralized Debt Positions (CDPs). Until then, the application program offers token holders the opportunity to park their assets and generate income. Uniswap Liquidity Mining is also in the works, but in the meantime, MahaDAO’s deployment program will temporarily remove a tranche of MAHA tokens from the market, adding to the scarcity.
The first stakeout program that MahaDAO started was carried out with the support of Ferrum Network, which specializes in staking out as a service. A total of 200,000 MAHAs can be used by the community for the 90-day program. At this point the MahaDAO platform should be live.
Value creation for decentralized finance
MahaDAO’s ARTH token, minted like a stable coin like DAI, has been described as the world’s first non-depreciating currency. This means that its purchasing power should remain constant over time, even if inflation drives the price of real goods up. For example, a coffee bought for 10 ARTH in 2020 should be able to be bought for 10 ARTH in 2025. This gives users confidence that unlike fiat currencies including stable coins, their stocks will not lose purchasing power.
Within the decentralized financial space, however, ARTH will offer a more direct use case that enables the collateralization of assets in return for the minting of coins. These can be used for traditional DeFi applications such as lending, trading, and crop farming.
ARTH is tied to a global unit of measurement made up of an uncorrelated basket of assets (various weights of fiat, gold and BTC).
While ARTH will provide the everyday value within the MahaDAO ecosystem, MAHA will provide governance rights. MahaDAO is on the rise after its successful token sale, with a community that is growing rapidly. The MAHA operational program will maintain its dynamism and at the same time strengthen the anticipation for the upcoming start of the MahaDAO protocol.