SupraOracles is proud to announce our partnership with SpiderDAO and its unique approach to tokenomics with its Liquidity as Utility (LAU) program. When launched, future SupraOracles token holders will have the opportunity to participate in LAU mining programs to receive staking awards, as well as the added benefit of fully securing their network connection via SpiderDAO’s VPN service.
How does Liquidity as Utility function?
SpiderDao’s LAU program allows for any users to stake a pair, such as SPDR-ETH or SPDR-USDT on their mining dashboard.
In doing so, users will receive staking rewards in SPDR tokens for assisting with increasing volume and liquidity into the markets. An outstanding benefit is that coins do not have to be locked up for a fixed period and can be cashed out at any time.
In addition to staking rewards, SupraOracles users will also receive free access to the SpiderVPN, which currently has over 6,400+ international users across 18+ countries.
Nathan Varty, CEO of SpiderDAO, commented: “SpiderDAO is delighted to work with SupraOracles as they build out their extensive roadmap. We look forward to being able to provide SupraOracles and their clients with industry-leading security and protection of their online privacy, as they help us build liquidity. We are excited to join up with SupraOracles as they build out their platform and attract a wider client base.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “It will be very exciting to partner with SpiderDAO’s team with their Liquidity as Utility (LAU) program and will be a great match because both companies strive to provide the best in privacy solutions. SpiderDAO’s move towards the Spider Decentralized VPN will certainly be one to follow.”
SpiderVPN provides a decentralized router-based VPN service for its users by using a dual-governance model which brings together hardware and software tools with on-chain elements. The team aims to build a new set of standards for Decentralized Autonomous Organisations to counteract the unfair distribution of voting power.
Combining hardware safeguards and leveraging the Polkadot consensus mechanism, SpiderDAO establishes a whale-resistant mechanism whilst creating a highly scalable, interoperable and stable governance system.
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.