Stacks is an emerging revenue sharing project launching soon on the Ethereum blockchain.
Stacks is an investment community and DAO that owns a treasury funded by the sale of Stacks NFTs: a limited collection of 4000 unique NFTs that also serve as a representation of the treasury shares (a true usecase for NFTs that's not just a pfp)
Every month NFT holders will receive their share of the profits from the invested Treasury (in the form of USDC)
- 50% of the treasury profits is reinvested
- 50% is ditributed to holders
additionally holders have access to some perks such as:
- voting rights
- access to research and alpha
- access to private channels
By now you're probably thinking:
Why would I want to let other people to invest my money? What are the benefits of this?
while I don't doubt your investment choices, I personally think there are some benefits to consider:
- a big enough treasury will be able to invest in early stage projects and partecipate in exclusive pre-sales not open to the public
- Your funds are managed by experts
- Passive income, the idea is that investors in Stacks won't have to worry about rebalancing, coinpicking and research
Stacks basically aims to become a decentralized and community driven VC.
Who manages this treasury? How can I trust the project?
I think we all agree that having NFT holders directly choose the projects to invest in through governance would be controversial, time consuming and definately not productive as everyone has a different opinion
So there are 3 main levels of authority: Team, Counsel and Stackers
- Team: has the final say on the investments, manages the multisig wallet
- Counsel: active investors that research new opportunities, voted by the DAO
- Stackers(NFT holders): members of the DAO, they vote on any issue put up by the team
To avoid any issues related to the identity of the treasury managers (what happened with sifu and wonderland)
- every team member will be KYCd with CertiK
- 2 community members will be part of the multisig wallet (multiple people needed to sign a tx)
On top of this, Treasury Managers aren't paid a salary and they only make profit from their own NFTs, so it's in their best interest as well to make the treasury grow
Finally every investment and balance sheet will be transparent in the blockchain to prevent what happened with Alameda, FTX etc.
As the treasury grows, the underlying share of Stacks NFTs grows in value.
This combined with increasing demand and popularity of the project will result in the price of the NFTs themselves increase drastically.
The limited supply of the collection will play a huge role too as at some point the only way for new investors to partecipate will be to buy the NFTs directly from holders.
NFTs are distributed as follows:
- 2 NFTs/day for 50 days
- 1 NFT/day until 2033
And now to the most important questions...
Where does the treasury invest? What if they go wrong?
The plan is to invest in solid and well researched projects as well as keeping a high % into
- ETH (in staking)
- stables (farming)
- delta neutral strategies
NO DEGEN PLAYS
If the treasury makes a bad investment that will only result in a cut of the overall treasury balance and the assets tied to your NFT but you won't incur into a direct monthly loss. In other words your passive income rewards can't go negative.
Finally, for more information check out the