The OtherDAO

How is $OTHR backed

An overview on the various ways $OTHR is backed
$OTHR maintains a static peg, whereby each $OTHR is physically backed by a value to be determined post-copper, providing price-assurance and stability to investors. In addition, $OTHR is a pioneer in the concept of 'yield-backing', whereby each $OTHR token is backed by sustainable and perpetual yield. These two forms of backing combine to make $OTHR the first yield and asset-backed governance token.
OtherDAOs yield-backing (i.e. sustainable and perpetual yield) utilizes our NFT-based liquidity provisioning algorithm to effectively and consistently generate significant $USDC returns for $OTHR stakers, providing protocol incentives without the need for inflationary tokenomics.

How does the static peg work

The static peg works by automagically selling Otherdeeds from the OtherDAO treasury in order to maintain an arbitrary price floor to be determined post-copper, should the price of $OTHR ever fall below said value. This physical backing works to give protocol participants added confidence in the OtherDAO, in addition to the yield-backing $OTHR inherits.
Put simply, the price of $OTHR should never fall below this arbitrary value due to the static peg.
50% of the NFTs in the treasury are designated to be the backing of the token. If the token falls below an arbitrary amount (static peg), NFTs will be liquidated to buyback the token and maintain the peg. In the interim, these NFTs will be designated for yield generation purposes.
50% of the NFTs in the treasury are designated for yield generation only. They are owned by the protocol deployer and carefully deployed through complex yield strategies to generate reliable, sustainable, and comparatively high $USDC rewards for $OTHR stakers.