PDO Secure future short process overview
Published in
1 min readAug 17, 2022
Rather than staking funds directly on Compound, yearn.finance, Venus and similar decentralized staking protocols, stake indirectly with PDO Secure Future while retaining an early spot in a winning token with zero missed opportunity cost.
How it works
- Invest funds in a PDO with Secure Future, retaining early adopter APY rewards of the alt token
- Funds are sent to third party staking protocols like Curve and Venus
- During this time, funds are earning interest while observing the alt token
- Final investment in the alt token can take place at any time before the PDO end date
- If investment in the alt token is selected, a smart contract finalizes the investment, moving the funds from the Secure Future through the traditional PDO mechanism, sending funds as directed by the project launching the PDO.
- Users receive all the early adopter APY rewards plus additional alt tokens based on the current price in the market.
- All the funds generated from staking benefit the community, buying the alt token from the pool, then burning.
- If the investment is canceled before the due date, early adopter APY in the alt token is forfeited. Instead, users receive a 100% refund of principal funds plus 100% of the generated staking funds.