What is Invictus Dao?

Invictus DAO aims to become the decentralised reserve currency of the Solana blockchain. The protocol has taken inspiration from the Olympus DAO protocol, which offers a decentralised reserve currency for users of the Ethereum blockchain. The decentralised reserve currency offered by Invictus is called IN.

What is Invictus staking?

In the case of Invictus, staking is a way to distribute profits that are generated by the protocol's treasury. Like Olympus DAO, to encourage adoption and generate liquidity for Invictus, the protocol employs 2 key mechanisms - staking and bonding. While bonding is a way to generate profits, staking is a method to incentivise liquidity provision.

What is a dao and how does it work?

In its most basic form, a DAO is a new way for a group of people to aim a large amount of money and organizing energy at a project — whether it’s buying the Constitution, building a new social network, or influencing an election. That’s a big, transformative idea, and it would be wise to pay attention while it’s taking shape.

Who is the best-known Dao?

Sure. The best-known DAO is probably ConstitutionDAO, a group of thousands of crypto fans who raised more than $45 million in the span of a week to bid on a rare copy of the U.S. Constitution that was being auctioned by Sotheby’s.