Private sale distribution is almost complete, and token holders will be receiving all of their SPDR tokens soon. The SpiderDAO ecosystem is practically ready to be fully implemented, and we know that you token holders can’t wait.
Apart from being a self-governing system, the SpiderDAO also offers numerous benefits to its token holders. If you’re a token holder, you can participate in the liquidity as a utility program from SpiderDAO. We also offer the NEST program, but that’s different from the LAU concept.
The NEST program gives you a higher return, but in exchange, it locks your SPDR tokens for a fixed time period. Contrary to the NEST program, you can participate anytime in the LAU program and cancel out anytime.
The benefit of the LAU program:
SpiderDAO believes that the LAU program is a unique approach to tokenomics. We center the rewards around LP tokens so the token holders can provide more liquidity to SPDR tokens, and as a result, they get rewards. The rewards are of two types, which are discussed in detail below. This approach pushes SPDR tokens into the market, thus increasing their liquidity, and the act of locking coins provides benefit to the token holder and the community as a whole.
LAU further explained:
The LAU program works like this. Any user can stake a pair of SPDR — ETH or SPDR — USDT tokens from here: https://mine.spiderdao.io/#/
This locks the tokens and injects SPDR supply into the market, increasing its volume and liquidity. On the bottom right, users can see the current APY. This is the return rate applied to staked tokens.
SpiderDAO will give you rewards as more SPDR tokens. These rewards are directly proportional to the number of SPDR tokens staked. The more tokens staked, the greater reward. And the best thing is that the LAU program does not lock your coins for a fixed period. You can check your rewards and cash out at any time. So, you have the power to stake coins for any duration of time.
The second reward you get is FREE access to SpiderVPN. This is a sister company that provides unmatched VPN services. The criteria are that the user must stake a pair whose total worth is $500 or more.
For example, a user can stake $250 worth of ETH with a $250 value of SPDR to become eligible for access to FREE SpiderVPN. The user can continue to enjoy SpiderVPN services until they have tokens staked. As soon as they cash out, the service terminates.
We recommend staking $550 or above LP tokens as the price of SPDR or ETH/USDT can decrease. So, if you have exactly $500 staked and the price falls, your VPN service will terminate. So, go up and beyond $550 for uninterrupted SpiderVPN services and greater rewards.
Any SPDR token holder can participate in the LAU program, and from the dashboard, they can view their total rewards, their balance, the current number of tokens in utility, and the APY return rate in real-time.
Head over to https://mine.spiderdao.io/#/ now and stake your LP tokens to receive huge APY returns and enjoy seamless SpiderVPN services.
SpiderDAO’s vision is to bring unparalleled online privacy to the end-user. As a Decentralized Autonomous Organisation (DAO), it requires addressing the shortcomings of current DAO frameworks. We do so through a multi-layered governance setup based on hardware and software tools on top of a Fair & Resilient Hardware-based DAO built on Polkadot.
Our ecosystem, then, is built on the foundations of fair governance. It includes the SpiderDAO, SPDR Token, and the SpiderConnect Router, which come together to create a robust, scalable, and community-driven ecosystem that will keep up with the pace of technology change and stand the test of time.