what's SquidDAO?

SquidDAO is a decentralized autonomous organization (DAO) on Ethereum designed to accumulate and manage ETH in its treasury, positioning ETH as the primary unit of account. Inspired by projects like OlympusDAO, it emphasizes community governance, fairness, transparency, and meritocracy. Token holders and NFT owners participate in decision-making through platforms like Snapshot for on-chain voting, with the DAO focusing on non-dilutive ETH stacking via bonding mechanisms and treasury strategies. The protocol backs its SQUID token with Ethereum-denominated assets held in the treasury, enabling community control over fees, systems, and revenue. Strategies include deploying treasury ETH into DeFi opportunities like farming CRV/CVX for ecosystem influence and partnerships, while maintaining ultrasound money principles. Resources like Discord, Twitter, and Zapper provide transparency into treasury balances and operations.

SquidDAO holders and LPs vote to distribute monthly emissions as rewards for content.