Enter the Dragon: Convex for $MAGIC Ecosystem đ
Magic Dragon DAO (MDD) has one goal in mind: to acquire and hoard as much $MAGIC and as many rare Treasures and Legions as possible.
MDD has implemented a Convex style tokenomics system incentivizing those who wish to pledge their $MAGIC to the DAO for boosted rewards.
MDD will bootstrap its treasury with a governance token that â if staked â will yield holders a percentage of fees generated by the DAO.
Follow the Dragon:
Bridgeworldâs genesis event is unknown to even the most knowledgeable of Legions. What is known, however, is that Dragons existed in the fabric of the world that could shift the balance of power if properly harnessed. Dreamwinder and Bombmaker are believed to have inherited a mystical genesis power making them unrivaled in their magical abilities. Only three others besides them in all of Bridgeworld could match their magical power.
In their quest to rule Bridgeworld, Dreamwinder and Bombmaker discovered the mythical creature through a mysterious ceremony involving the rare Azurite Dust rumored to possess clairvoyant properties. The yearning for unrivaled power was undeniable and ultimately what drew them to the Dragonâs lair. The Dragon had been slumbering since time immemorial, but was immediately awoken by the presence of the Legendary Genesis Legions. Amidst a sea of honeycombs and grins â a stash of the rarest treasures thought to have been lost during the Atlas Rift â Dreamwinder and Bombmaker pledged their loyalty to the mythical Dragon, casting off all former allegiances, in order to conquer Bridgeworld. The Dragon demanded a terrible tribute howeverâŚthe entire might of their Legions, rare treasures, and $MAGIC were to be spent reassembling the ancient Harvester parts.
And thus, a DAO was formed under the banner of the Dragon, with Dreamwinder and Bombmaker leading the Legionnaires in operating Harvesters for unimaginable $MAGIC riches.
Magic Dragon DAO has one goal in mind: to acquire and hoard as much $MAGIC and as many rare treasures as possible, pledging them to the Dragon in return for a share of the untold riches from operating the ancient Harvesters.
Building upon the idea of Guild Owned Liquidity, MDD intends to implement a Convex style tokenomics system incentivizing those who wish to pledge their $MAGIC to the DAO, combined with extremely high boosted returns coming from the hoard of resources at the Dragonâs disposal. The more magic and resources that are pledged to the Dragon, the stronger and more powerful MDD will become.
MDD will bootstrap its treasury with a governance token that â if staked â will yield its holders a percentage of fees generated by the DAO. The DAO treasury will accrue more and more $MAGIC in its reserves; as a result, the fees that will only make the Dragon more dominant in accumulating Bridgeworldâs rich resources.
As His Holiness John Patten tweeted, âWho will build the Convex of the metaverse CRV wars?â.
Welcome all who seek to join MagicDragonDAO and harvest the great riches of Bridgeworld. But bewareâŚthe Dragon demands an equally great tribute.
Magic Dragon DAO, the same yesterday, today and forever.
