DAO_FX
DAO_FX allows you to stake native tokens in AAVE with a group of people to receive a collectible NFT, you can withdraw from the DAO whenever you like. The yield can be collected by the owner or voted on to give to wallet of staking member
Project Description
The protocol allows you to stake native tokens on polygon or Ethereum for an NFT. The NFT serves as a membership token that allows you to vote on various decisions made by the DAO, users can elect which wallets will receive the Yield funds for that week. The owner of the NFT collection can also receive funds as well for setting up the collection.
How it's Made
We have several factory contracts that allow users to create their own staking DAOS where NFTS can lend to a vote in that DAO/community. Technologies we use are AAVE, IPFS and Polygon
We used AAVE V3 contracts specifically the WETH Gateway to create a system of lending. The owner can claim their stake at any time, provided it falls within the amount and the elected wallet to receive funds can claim their stake after being elected.
