First implementation of Spectre DAO
New page
{{Short description|Decentralized Autonomous Organization}}
{{pp-30-500|small=yes}}
{{Use dmy dates|date=November 2021}}
{{Use American English|date=December 2021}}
{{infobox cryptocurrency
| currency_name = Spectre DAO
| image_1 = Spectre Final.png
| image_2 =
| image_title_1 =
| alt1 = Prevailing Spectre Logo
| code = $GHAST
| Network = Fantom Foundation
| initial_release_date = {{Start date and age|df=yes|2021|12|31|p=y}}
| code_repository = {{URL|https://github.com/}}
| status = Active
| forked_from = Olympus DAO
| programming_languages = Solidity
| author = [[Dead Tut]]
| network = Fantom
| website = {{URL|https://spectredao.medium.com/we-are-spectre-a970ec151b}}
}}
Spectre DAO is a [[decentralized autonomous organization]] built on the Fantom blockchain platform. It is a [[Fork (blockchain)|fork]] of [[Olympus DAO]], utilizing Fantom’s native currency, FTM, as the primary reserve currency. Under development, Spectre plans to execute a treasury operated by governance and algorithms, funded by bonds that can be purchased by users, and distribute earnings to staked holders via protocol-owned liquidity.
==Purpose==
The protocol aims to create new innovative financial products for the Fantom community by introducing economical, rapid and easy-to-use [[decentralized finance|defi]] products to market. This strategic implementation would reduce the barriers to entry for many inexperienced users in decentralized finance.
==Future Developments==
Products and advancements called Apparitions are expected to be announced in early 2022. The introduction of a reserve [[stablecoin]] for the protocol is yet to be determined.<ref>https://spectredao.medium.com/we-are-spectre-a970ec151b</ref>
== References ==
<!– Inline citations added to your article will automatically display here. See en.wikipedia.org/wiki/WP:REFB for instructions on how to add citations. –>
{{reflist}}