Nothing is IMPossible.
Long Term Vision
Successfully navigating the DeFi space, especially around fractional reserve currencies, can be tricky. We started ImpDAO with a single purpose: Offer a safe educational and investment space for everyone.
ImpDAO is designed around leveraging competitive advantages. Economists will be in charge of setting a thrifty monetary policy for our currency. Asset managers (degen tendencies not excluded) and analysts will focus on diligencing, evaluating and valuing investment opportunities. Developers will secure our protocol and roll out our technical innovations.
Our different investment strategies will be rolled out over time and be suited for every investor type, from the degen to the boomer. ImpDAO will be the key piece of the puzzle, a structured product to provide exposure into the space while outsourcing the due diligence and risk management to the professional team you can engage with every day. We need you and want to bring you along the journey, outlining rationals and thesis as well as discussing strategy in a decentralised forum. ImpDAO has been and will be recruiting skilled talents for their specific positions and skills.
This way, there will be no one stopping us Imps from reaching Utopia
Impvestment Committee
After stabilising launch volatility, ImpDAO will start to actively manage its treasury assets. Decisions will be made through our Impvestment Committee (IC). The IC will analyse, diligence and vote on investment opportunities within the market and continuously monitor the risk and exposure of ImpDAO across our portfolio. After the initial launch of ImpDAO, we will work towards establishing different sub-IC (“pods”) focused on specific investment strategies with room to manoeuvre. This will allow investors to allocate capital into different funds according to their own risk parameters. Ultimately, this will likely also lead to certain pods spinning off into independent protocols!
Impvestment Process
Impvestment opportunities will be either sourced via the IC directly or pitched from fellow Imps. For this, we need all the talent available to build the pods so reach out with your ideas if you haven’t done so already. We will encourage the larger community to also be heavily involved in the impvestment strategy and eventually join a pod. The DAO will oversee the IC and determine how much voting power each pod has. Governance should provide enough room for pods to manoeuver and be agile in the impvestement process but also provide proper oversight and capital control. As pods mature, they may get more power and eventually spin-off forming the broader Imp ecosystem. In short, ImpDAO will provide a platform to nurture talent and provide the opportunity to build your track record and ultimately blossom on your own.
It’s a bad plan that admits of no modification
Policy Committee
Crypto volatility is high, inflation is real and correct monetary policies need to be enacted in line with short- and long-term targets of the DAO. OlympusDAO (and its forks) resemble real-world currencies to a certain extent. Correctly balancing monetary policies with the underlying “economy”, stakeholder demands and interplay with other protocols requires time, know-how, analysis, and experience.
EconoImps will be in charge of setting monetary policy for ImpDAO. This includes bonding discounts, staking APR, vesting terms, etc. The initial policy committee will feature the same members as the Impvestment Committee and will also strive for decentralisation in the medium-term. We already outlined our policy in a previous article: https://impdao.medium.com/impressive-printing-e3196fb882ff
Outlook
Collective thinking builds DAOs and we will continue to strive forward. Hordes of Imps have now found a place in hell. Now it is upon us Imps to grow and start our Olympus journey!
