Breadchain - Onchain Crowdstaking Mechanism
Loading...Breadchain functions as a cooperative model by advancing post-capitalist values through a decentralized funding approach that fosters solidarity and equitable resource distribution.
Breadchain emerged as a decentralized cooperative with an onchain crowdstaking application that allows users to stake DAI in exchange for BREAD tokens, representing their contribution to the cooperative. The yield generated from staking is distributed democratically through a voting process every 30 days. This mechanism enhances transparency, empowers members, and directs resources toward projects that align with cooperative principles and mutual support.
Breadchain is perfect for individuals and communities seeking to build decentralized collectives that emphasize shared, mutual benefits over profit-driven objectives. Web3 communities exploring innovative economic models that focus on community well-being and transparent governance will find Breadchain a powerful tool. It encourages collaboration between projects and demonstrates how blockchain technology can be leveraged to foster social good beyond mere financial speculation, driving collective action and equitable resource distribution within a cooperative framework. It can also serve as an alternative to traditional investment options like venture capital, as it offers a form of bootstrapping to support their growth.
The strategy of Breadchain’s cooperative model revolves around pooling resources from its members through the Crowdstaking Protocol, where participants stake xDAI in exchange for BREAD tokens.
In the Breadchain crowdstaking model, users participate by converting xDai into BREAD tokens, which serve as their stake in the cooperative. To get started, users connect their wallets to the Breadchain Crowdstaking App and convert xDai into BREAD tokens at a 1:1 ratio. The staked xDai generates yield, which is pooled to fund cooperative projects. Every 30 days, members use their BREAD tokens to vote on how this generated yield is allocated to different community-endorsed projects, ensuring democratic decision-making.
Participants have flexibility as they can “burn” their BREAD tokens at any time to reclaim their original xDai investment. This process maintains engagement while allowing members to exit when needed, making it a flexible and community-driven approach to decentralized funding.
Members vote on how pooled resources are allocated, ensuring a community-driven governance model.
Users can burn BREAD tokens to retrieve their xDai at any time offering flexibility and control over their funds.
Breadchain focuses on supporting post-capitalist projects, using blockchain technology to promote transparency and equitable resource distribution.