Cleopatra Introduction

What is Cleoptra-dao?

Cleopatra-dao is a decentralized reserve currency protocol which operates on the Avalanche Network (AVAX). All of the CAT tokens are backed by a certain amount of Assets, Giving it an intrinsic value which it cannot fall below. Cleopatra-dao also introduces economic and game-theoretic dynamics into the market through staking and minting.

Why is Cleopatra-dao better than other dao's?

While a there are a lot of DAOs being released at the moment, we feel like we have created a more sustainable and longterm protocol than other DAOs. We will be very open towards the community because we believe in meritocracy and exchanging ideas through our discord and twitter account. These will be used to develop the protocol even further. We analyzed a-lot of projects and have the idea that we solved bottle necks others weren't able to.

A warm-up of 6 epochs in order to prevent rebase hoppers from coming in and going out and a max unstaking possibility that is managed by the devs for the safety of the protocol.

After unstaking the max amount, you are only able to unstake once every 24 hours, so keep that in mind.

Who created Cleopatra-dao?

Cleopatra-Dao was built by forking different projects and putting the best parts in one. Our team of developers is anonymous, born from the DeFi Community. They are very skilled and able to move mountains.

How do I participate in Cleopatra-dao?

There are two main strategies for market participants: staking and minting. Stakers stake their CAT tokens in return for more CAT tokens, while minters provide LP tokens or MIM tokens in exchange for discounted CAT tokens after a fixed vesting period.