Dec 6, 2021
Recap of the New Order AMA with Blockchain Space
On Saturday, December 4th, we had the pleasure to welcome to our Telegram chat:
Fidel Franco, One of the project coordinators at New Order.
We asked him questions about the development of New Order.
INTRODUCTION
Q~ Can you briefly introduce yourself as well as New Order ?
A~ My Name is Fidel. I’m currently one of the project coordinators for New Order. New Order is an incubator DAO formed with the goal to build a self-governing incubator positioned to assist DeFi innovation, through promoting new asset classes, chain agnosticism and machine intelligence. Our DAO provides a two-tier architecture with a community of DeFi experts and a deep pool of individuals looking to get involved with other innovators and a second layer network of some of the most accomplished and respected DeFi and Web3 professionals and projects.
Q~ What are your strengths, how will New Order compete with competitors ?
A~ Our team has deep experience in technology incubation in general, and in particular with helping out early stage blockchain projects. On the core team we have Eden Dhaliwal who was and continues to be a partner at Outlier Ventures, one of the top crypto accelerators in the space.
Eden is joined by Sami who’s a DeFi “mover and shaker” who’s impressive resume includes writing for Messari and being the founder of the [REDACTED] protocol – which is launching early December.
Marek used to teach Data Science in Toronto, and spent over a year at the prestigious Block Science token engineering agency helping some of the top projects in the space with designing mechanisms for their ecosystems.
Kiran Fernando also recently joined to assist our incubator projects with software development. I bring my experience from a wide range of projects in Web3. I’m currently leading the tech side of [REDACTED].
Between our core team and contributors we’re well connected with most of the significant DeFi protocols, as well as many key L1’s and L2s; which is important as partnerships will be key for the success of our incubated projects.
Q~ What are your significant achievements till now and what are your other plans for the year ?
A~ I think that is our favorite question since we been doing a lot.
We are currently incubating 3 projects (Redacted, H2O, OptyFi) in the DAO which are being built in-house and grew out of the core team’s experience being deep in the DeFi community.
Redacted is a friendly fork of Olympus DAO and aims to extend the governance process of the Olympus community to the Curve ecosystem.
H2O is a non-pegged stable asset created in partnership with Ocean Protocol and Reflexer Labs using a new digital asset class, datatokens, as collateral.
OptyFi is an automated, machine learning driven, cross-chain yield optimizer.
Q~ What is your Revenue model and how can it be win-win to both investors and the network ?
A~ We will aggregate a diversified portfolio of early stage venture tokens from strategic incubation and stablecoins/large cap tokens from the DeFi marketplace. The profits from these incubated ventures will be put in our treasury vault that will be used in different aspects of investments that will be voted on by the community. Proposals can be introduced for yield farming strategies. Specifically, selecting the liquidity pools and allocation of assets to be sent from the DAO Treasury. Voting will control the configuration of the liquidity pools themselves such as Sushiswap and Opti.fi including what tokens to permit and in what ratios. The New Order DAO will receive some portion of the fees generated by participation in various pools. This gives us more than one revenue strategy that can keep solid in the short and long term.
Q~ Regarding the Pre-Sale, IDO etc… When and where will it happen ? How can we keep up with your updates ?
A~ We just announced our token sale on Sushiswap’s Miso platform. So follow us on social media to know all the information.
QUESTIONS FROM TELEGRAM
Q~ Why did you choose Dutch Auction method for the IDO on MISO, how does it work ?
A~ We thought it would be better for the market and the users. If you would like to know more about it, we just explained it in a blog post.
Q~ I’m interested in joining the contributor program, how does it work and where do I get started ?
A~ You can participate by joining our discord and filling up a form on what you would like to contribute with. For more information you can check here.
Q~ How does the DAO model work, about how many projects have you incubated presently and how many projects do you aim to launch yearly?
A~ Pretty much a DAO model work, is that its run by the community and there are no centralized governance. We plan to launch over 40 project within 2022, we already have 3 ready to launch.
Q~ How do you plan to become the YC of DeFi, what goals have you set down to achieve that ?
A~ Between our core team and contributors we’re well connected with most of the significant DeFi protocols, as well as many key L1’s and L2s; which is important as partnerships will be key for the success of our incubated projects.
Q~ Currently a lot of people are looking at NFTs, Metaverse, and Games. Can you tell me what advantages will you have in this field’s future?
A~ We think NFTs are pretty interesting. We believe that in the future they will have more usability in things like DeFi. We may work with some NFT projects in the future.
CONCLUSION
We are building over 40 projects with one of our partners you can learn it here.
It’s really nice having the New Order project in here!!!
You can check out their Website for more details. You can also follow them on Discord and Twitter to keep up to date with all things relating to New Order.
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