AirDAO: 2024 roadmap presentation recap

On February 8th, 2024, AirDAO Council member Igor Stadnyk presented AirDAO’s 2024 product roadmap to our community. The presentation offered the wider AirDAO community the chance to discover the DeFi and web3 products we’ll launch in the AirDAO ecosystem this year.

Our product offering has always reflected the wants and needs of our community. We invite the community to review the products we’re building and adjust according to feedback; our roadmap is no exception.

The AirDAO community will vote to approve the 2024 product roadmap via our Snapshot starting at 8 PM UTC on February 11th, 2024. The vote ends at 4 PM UTC on February 13th, 2024.

Igor’s presentation started with a summary of AirDAO’s journey so far, culminating in the transition to community-led DAO governance under the leadership of the AirDAO Council. He then explained how AirDAO builds a user-centric ecosystem, focusing on transparency, community, and user experience.

In the next section, Igor explored the $AMB tokenomics update that lays the foundation for the 2024 product roadmap. We’re gradually implementing the update in stages. It includes a hard cap on AMB supply — highly requested by our community — and improvements to several areas of validator node operation and network security. We’ll also incentivize node owners with dynamic block rewards. The AirDAO community enthusiastically approved the tokenomics upgrade through our DAO Snapshot vote.

Q1 & Q2 2024

Legion: Bond market

Attention now turned to the 2024 roadmap. Igor highlighted that a significant milestone in Q1 of 2024 will be the launch of Legion, a unique bond market for AirDAO ecosystem tokens. Legion enables liquidity for $BOND tokens distributed as part of the updated validator node reward structure. It will also allow new projects to raise funds. For example, a new project can offer discounted tokens with a six-month cliff to raise capital to support early-stage development while kickstarting an invested community. By buying those tokens, Legion users can participate in seed-round investment opportunities typically only available to venture capital firms.

Legion also allows users to create custom token lock-ups. We’ll expand the types of tokens that can be bonded and traded on Legion via updates to our Bridge, including ERC20 tokens bridged to AirDAO from Ethereum. Early users will get discounts on bond purchases and qualify for an airdrop of Legion’s native token, $SWORD.

Mantis: P2P market & DEX

Igor revealed another product launch for Q1, Mantis, a feature-rich P2P market that isn’t just a typical decentralized exchange (DEX).

Mantis will have novel liquidity incentive mechanisms; single-sided liquidity (SSL) pools enable users to generate yield by staking a single asset while mitigating impermanent loss. Like other DEXs, users can also create custom trading pairs to list tokens, creating possibilities for community developers to list meme coins on Mantis. Users can also create personalized trade listings specifying terms, quantities, and asset pricing.

Mantis’ P2P Marketplace accommodates various payment methods to empower users to choose their preferred transaction approach. Users can transact in cryptocurrencies or alternative forms of value transfer. Mantis DEX’s P2P Marketplace is a hub for community building. It allows users to directly communicate, negotiate terms, and establish connections, cultivating a sense of camaraderie and collective engagement. The AirDAO community provided ideas and feedback to the team through the Mantis Product Working Group. Mantis will have a native token, $BUG.

SourPatch: Liquid staking

Igor next discussed SourPatch, the Liquid Staking dApp coming to AirDAO. SourPatch is an evolution of the existing Arcadia staking platform. We designed and built Arcadia when we only paid $AMB for node rewards. With the tokenomics update, $BOND tokens are part of the node reward structure.

SourPatch overhauls the existing Arcadia platform to accommodate the changes and provide the AirDAO community with a contemporary staking platform. SourPatch will have a staking pool replicating AirDAO validator nodes, with on-and-off boarding delays with payments in $AMB and $BOND. It will also have fully liquid staking, with zero on-and-off boarding delay. $PATCH token sale will come in 2024.

Court Finance

Court Finance, an index investment DAO, was next on Igor’s agenda. Creating and managing a crypto portfolio can be difficult. Court Finance is a decentralized tool to solve this problem. Court Finance users can create an index of crypto assets — for example, 50% Bitcoin, 30% Solana, and 20% AMB — and other users can invest in the index. It’s similar to traditional stock market indexes. For example, the ‘SP500’ is an index that tracks the top 500 companies listed on stock markets in the USA.

AirDAO app & mobile wallet

Igor next turned to AirDAO’s mobile app and the mobile wallet. Not everybody can access a laptop or PC at home; mobile phones are more ubiquitous. AirDAO is shifting towards being mobile-first to accommodate this. Our app will be the primary gateway to our ecosystem, with a wallet, all AirDAO dApps, and governance tools available within.

We built the mobile wallet to bring the benefits of AirDAO to the community and real people worldwide. Users can create new wallets, add existing wallets, manage portfolios, bridge tokens to AirDAO, and send and receive crypto. We’ll also integrate the wallet with Telegram, WhatsApp, and Apple Pay. A unique ENS-style “dot AMB” naming system will accompany future updates to the AirDAO Wallet.

The AirDAO app won’t just be for sending and receiving crypto; you can earn with it, too! We’re also creating a task system within the app. We’ll post new tasks for our community in the app and reward the top 100 participants every month.

Network fee upgrade

Igor next discussed the network fee upgrade, which we’ll launch soon. The fee structure will be simplified, with one AMB per transaction and two AMB for a smart contract call. 30% of the fee will go to the AirDAO Treasury, and 70% will go to validator nodes.

Burn mechanisms

Igor next described how we’re also implementing burn mechanisms — much requested by our community. We’ve staked the AirDAO Treasury in DeFi protocols and will use the accrued yield to buy back and burn $AMB from the market. Want to join the fun and burn some $AMB yourself? We’re also creating a burn page on our website for this! Burning mechanisms will decrease $AMB’s total supply, and a burning statistics dashboard on our website will be transparent and accessible to all. The community can validate all burning transactions through the Explorer.

Q3 & Q4 2024

Perpetual swaps (Perps) DEX

Igor next turned to the products coming in Q3 & Q4, starting with AirDAO’s first Perps DEX, introduced into the roadmap by popular demand. The Perps DEX will catalyze traders and liquidity in the ecosystem by allowing users to trade with leverage on-chain!

We’ll fully reveal the Perps product in Q2 and launch it before the end of the year (estimated end of Q3). The launch will also include a token sale and an airdrop. Further financialization in the ecosystem will generate external investment, user interest, and growth in AMB usage.

AirIndex & AirVest

AirIndex & AirVest were next on Igor’s agenda. We want to support developers building in our ecosystem. For example, Modus moved the development of its Real World Asset (RWA) project from Ethereum to AirDAO. The AirDAO Index DAO and Investment DAO function as both a bundled token instrument and a stake in pooling value towards new projects and builders in the ecosystem. We’ll seed both of these products with $AMB and feature the launch of tokens sometime in Q3 or Q4. These projects create sustainable growth pathways for new teams and tokens in the AirDAO ecosystem.

NFTs

Igor now turned to NFTs — another product much requested by our community. Soul Bound NFTs will play a part in our governance upgrade, and AirDAO will also launch its first limited PFP collection for AirDAO OGs as this upcoming cycle begins. We’ll loop the PFP collection into the core ecosystem products, and holders will accrue significant value from new AirDAO ecosystem products. PFP holders can also join a Discord community for AirDAO alpha. Members will have access to new builders, AirDAO Council decision-making and planning, and significant updates to the ecosystem. Let us know if you prefer a specific type of PFP — creature, design, etc. We’ll run community polls from Q2, aiming to launch the collection around Q4.

Beyond 2024

Igor shared our vision for AirDAO beyond 2024. We envision a future where AirDAO products seamlessly integrate into the lives of everyday people worldwide. This will happen with our mobile application, our upcoming P2P service, and more useful products to be revealed. We’re working toward a future with thousands of dApps on the AirDAO blockchain and want to reach millions of daily active wallets and users worldwide.

Ecosystem development fund

Igor closed the roadmap presentation with a reminder about our joint million-dollar ecosystem development fund with our partner, DWF Labs.

Do you have a project idea and want to participate in building our ecosystem? Apply today and receive the financial backing and developmental support needed to realize your vision.