what's LambdaDAO?

LambdaDAO is the first decentralized, treasury-backed reserve currency protocol built on the Nervos Network. Unlike USD-pegged stablecoins, it features a free-floating value dictated by the market, backed by a diversified basket of cryptocurrency reserves such as USDC, CKB, and various LP tokens. The protocol employs two primary value accrual mechanisms: staking, where users earn rebase rewards from protocol profits, and bonding, where users provide liquidity in exchange for discounted LMDA tokens. LMDA and staked sLMDA are redeemable 1:1, with treasury profits distributed equally to stakers. It operates gas-free on Godwoken, Nervos' EVM-compatible layer, emphasizing interoperability.