OtherDAO (OTHR)

OtherDAO (OTHR) is an NFT-based liquidity provisioning protocol that operates on a price-agnostic revenue model. Unlike other protocols, OtherDAO does not rely on price action or inflation of its native token (OTHR) to fund participation incentives. Instead, staking rewards are derived from the collective yield generated by the DAO-owned Otherdeed portfolio. To ensure maximum returns for holders, OtherDAO has developed a state-of-the-art yield optimization algorithm.

One of the key features of OtherDAO is its risk-averse approach. By enabling collective ownership of Otherdeeds, the protocol lessens individual risk. Additionally, OtherDAO offers fractionalized ownership of Otherdeeds, allowing users to earn yield without bearing the full cost of acquiring an NFT. Another benefit is the protocol’s recession resistance, as stakers continue earning steady USDC rewards even if the OTHR price drops. These rewards can be used to bolster users’ funds for buying the dip.

The protocol provides a unique bear-market solution by using treasury funds to purchase Otherdeed by Otherside NFTs, which are then farmed for staking rewards. Even during price drops, OtherDAO ensures that staking rewards are distributed to remaining holders, with higher APR payouts. The rewards are paid out in USDC, making them attractive to stakers. OtherDAO also offers bonding as a primary mechanism for treasury inflows, wherein users commit a capital sum upfront and receive a fixed return in OTHR when the bond matures, allowing them to purchase discounted bonded OTHR.