Breaking the silence…
After what seemed like an endless radio silence for Vendor Finance, we are excited to break the radio silence and finally share what’s to come and how Vendor will evolve in the future.
Vendor is joining BonsaiDAO as a new leaf.
For a long time Vendor was operating in a very lean and efficient manner while making sure to experiment and deliver on its promises. After almost 2 years of operation, we faced the challenge of maintaining the runway and ensuring the core contributors are compensated to an extent that allows for continuous development of the product. We are finally happy to announce that the solution has been found and we have been successfully operating in a new mode for the past 2 months.
That being said we would like to announce that Vendor Finance will become a leaf in the Bonsai DAO and Vendor team will become contributors to the Bonsai DAO. Here is what this will mean for Vendor:
What is Bonsai DAO?
Bonsai DAO, which Umami DAO has integrated into, operates as a metaDAO overseeing multiple subDAOs, each tailored with specific incentives, tokenomics, and marketing strategies. This new structure aims to drive growth and sustainability by allowing each subDAO to function independently while contributing to the overall ecosystem. The introduction of the subDAO model marks a strategic move towards efficiency, adaptability, and broader engagement, aligning with the dynamic market demands.
You can read more on the Bonsai DAO in the BonsaiDAO announcement article here: https://medium.com/@bonsaidao.xyz/umamis-evolution-into-bonsai-dao-fa41a2adc4d4
What is a BonsaiDAO leaf?
Bonsai DAO’s innovative structure features “leafs,” which are new products that initially function as part of the metaDAO before evolving into independent subDAOs. Each leaf is designed to drive TVL (Total Value Locked) growth with customized incentives, tokenomics, and marketing strategies tailored to its specific market needs. This flexible approach allows for the efficient accumulation of value and supports the sustainable development of each product. Once a leaf demonstrates self-sustainability, it transitions to a subDAO, signified by a Token Generation Event (TGE), and a portion of its tokens is airdropped to Bonsai DAO holders and the treasury. This model ensures that the success of individual leafs contributes to the overall strength and expansion of the Bonsai ecosystem, fostering an interconnected and collaborative environment.
What will that mean for Vendor?
Vendor becoming a leaf of the BonsaiDAO will not introduce too many changes into the operational structure of the protocol, while at the same time will offer a huge magnitude of advantages. Vendor will have access to marketing support from BonsaiDAO as well as unique access to the other products of the BonsaiDAO offering us the opportunity to extend our infrastructure to other leaves of the DAO. Vendor core contributors will also help grow the DAO and will contribute to other BonsaiDAO leaves allowing for a much closer and meaningful integration of the products in the future. That also offers Vendor Finance financial stability so needed for stable growth, creativity and progress. As part of the metaDAO, Vendor will redirect all of its revenue to towards the BonsaiDAO treasury until it is more mature and established.
Conclusion
In conclusion, we would like to express gratitude for the trust that BonsaiDAO puts in us. Vendor team is beyond certain that this partnership will be befecial for both protocols and we are excited to announce further integrations between Vendor and other leafs of the BonsaiDAO such as LeverUp.
BonsaiDAO Announcement: https://x.com/Bonsai_DAO/status/1818650819350135202
Twitter: https://twitter.com/VendorFi
Discord: https://t.co/aULpkw6PNa
Website: https://vendor.finance/
