OmenDAO - A new standard of treasury-backed DeFi

*The flywheel is actually not complete, as an increased demand for tokens doesn't necessarily mean more bonds are sold, one of Olympus’ big mistakes.

The OmenDAO is purposefully created to ensure the long-term sustainability, resilience, and growth of its ecosystem. Drawing inspiration from the innovative OlympusDAO (OHM) model, OmenDAO builds upon the concepts of treasury-backed decentralized finance (DeFi), optimizing them for enhanced sustainability and adaptability. At the core of this mission is the implementation of a flexible taxation system on sell and unstaking transactions, designed to be responsive to ever-changing market conditions.

This taxation mechanism is a key component of the protocol's strategy to maintain stability and mitigate market volatility. By dynamically adjusting tax rates, OmenDAO discourages excessive sell pressure and speculative behavior while incentivizing long-term holding and staking. These measures help protect the protocol's treasury, ensuring it remains robust and capable of supporting future development, rewarding participants, and bolstering the ecosystem's resilience

As an OHM fork, OmenDAO inherits the foundational principles of treasury-backed DeFi but introduces strategic innovations to overcome challenges and adapt to a rapidly evolving market landscape. By aligning the interests of participants with the protocol's long-term goals, OmenDAO seeks to establish itself as a reliable, sustainable, and forward-thinking player in the DeFi space.