FIAT DAO is a response to a simple question: why is fixed income one of the smallest sectors in DeFi, when itโ€™s one of the largest asset classes in TradFi? In short, it comes down to getting leverage and secondary liquidity on your fixed income asset position.
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FIAT DAO will look to solve both through $FIAT, an asset that will be a cross between the collateralized debt positions we all know and love with a clever new redemption mechanism.
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While it was incubated by the @Barn_Bridge team, FIAT DAO is being built out as a credibly neutral protocol capable of accepting and assessing all types of fixed income assets across DeFi. Our initial core contributors are @el_nilz @0xJohannes @fiege_max and @cleanunicorn
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Weโ€™ve also assembled quite the cohort of gigabrains to advise FIAT DAO: @GSpasov @LordTylerWard @cactus_raazi @mudgen @santiagoroel @ohmzeus
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In the coming weeks, weโ€™ll share the FIAT DAO whitepaper; design considerations for the accompanying $FDT token; and the roadmap for the launch of the DAO itself. And remember:
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GIF