Nidhi’s 10 year vision — The Decentralized Blackrock
Background
Six weeks ago we posted our first article and shared our intentions to build an Ohm fork backed by real world assets in partnership with Tangible. At the time we thought there would likely be an appetite for GURU, but didn’t really understand the scale of what GURU could become.
This article hopes to ossify that vision so that both the community and core team are rallied around one north star goal and future. Every product we launch, every decision we make, will be with this one goal in mind.
Goal
Our goal is to acquire 1 Trillion Dollars worth of Tangible Assets in our treasury, on-chain, within 10 Years.
Vision
$1tn in the treasury, kek, how unrealistic. I hear you, unrealistic or not that’s our goal. We’re not just another fork, we’re not trying to build the decentralized reserve currency on X chain.
We’re building the decentralized Blackrock which currently has $9tn AUM.
At the heart of this of course is the Bonding, Staking mechanism popularized by Olympus. The high APY for staking serves to attract capital whilst we are young and high risk. Bonding then allows investors to buy tokens at discount in exchange for selling real world assets to the treasury. Perhaps one of the most elegant and effective asset accumulation mechanisms ever created.
As time goes on and as we scale, the APY will reduce in line with the reduction in perceived risk.
Here is the proposed reduction schedule:
https://medium.com/nidhidao/treasury-and-the-future-of-apy-eda94d140666
Nidhi and Tangible = Alignment
Tangible and Nidhi are very much aligned, particularly in one goal; We both want to rapidly increase the speed at which real world assets are brought on chain.
An underserved area of crypto that has largely been stagnant for 10 years. Nidhi wants to do this to accumulate $1tn worth of real world assets in our treasury. Tangible wants to bring all those real world assets on chain to build a marketplace business.
Alignment is the basis of any great partnership, here are the specifics around how the partnership will work:
- Nidhi is helping fund the development of the Tangible platform for the next few months, until they raise an equity round or are self-sufficient.
- In exchange for this bootstrapping funding, Tangible will firstly act as the bridge for real world assets, without which we couldn’t exist. Secondly Tangible will bond 50% of its transaction fee revenue in TNFTs, driving our treasury growth.
Tangible will use a portion of the GURU they receive from bonding to create an instant liquidity engine, this will help increase the speed at which assets are drawn on-chain, our shared goal. Alignment.
Secondly the remaining GURU received from bonding their revenue will be kept on their balance sheet long term, they have no intentions of selling any tokens for the foreseeable future, and if they are successful (IPO), potentially ever. Therefore Nidhi is essentially receiving treasury growth but without the sell pressure that usually comes from bonding. Alignment.
Imagine a future
The year is 2027, your parents want to sell their house. They’ve seen a TV ad from Tangible, a company that will inspect, value, and turn their house into an NFT. They tell you how they’ll then sell the NFT house instantly to the NidhiDAO via something called bonding for 5% above market value and receive the GURU token in return, which is so liquid that they can exchange back to dollars for less than 0.1% slippage. They look at you, smug like they just discovered electricity. You chuckle inside, you’ve been 3,3 since 2021…
