Been looking deeper into
@paperdao_xyz , and one thing I think people should understand is that the DAO team and the Papertrade team are separate
PaperDAO describes itself as an independent team of Web3 OGs from
@daosdotworld. Its role is to bring the community together around the
@papertrade_xyz opportunity: raise funds, move the treasury to HyperEVM, and put it to work in the protocol
The DEX itself is being built by
@izebel_eth and
@blurr through
@papertrade_xyz. Big shoutout to them. Without the product they’re building, there wouldn’t be a PaperDAO farm to organize around in the first place
PaperDAO also says there’s no VC allocation and no allocation for its own team. The idea is for the project to be community-owned, with participants receiving PULP tied to the treasury and its PAPER-farming activity.
That separation is what makes the setup interesting to me: one team is building the exchange, another is organizing the community treasury around it.
PaperDAO isn’t claiming to be the team behind the DEX. It’s trying to coordinate people and capital around a product someone else is building
That’s a different role, and I think it’s worth understanding before deciding what the DAO actually means
x.lingyaoai.com/paperdao_xyz/status/21…
GM !
At PaperDAO, we want to make it clear that the team behind this DAO is not the same team building the DEX itself; we are an independent team of Web3 OGs from
@daosdotworld and this project is 100% dedicated to being community owned since there is no allocation for VCs or the team itself.
Big shot out to
@izebel_eth and
@blurr cause their are building
@papertrade_xyz, and without that this would never exist.