Introduction to Wagyu
Money always flows to where it's "teated" best. - Wagyu
What is the Wagyu organization?
Wagyu is a decentralized autonomous organization (DAO) which was officially launched by the community on September 20, 2021. Wagyu is the first ever "sub-DAO" and was created specifically to serve the Beefy.Finance DAO.
Wagyu has two goals: (1) to build tools which increase the understanding and value of Beefy.Finance's token (BIFI) across all chains, and (2) to act as third-party historians to capture the history and stories of the Beefy.Finance DAO as they unfold.
We increase the utility and value of BIFI via the mooBarn which uses stabilized mooTokens and turns them into mooUSD which is a then becomes an interest bearing asset which will increase in value just buy holding the token, supplemented by the Vaults on Beefy.Finance. Thank you Beefy!
What does Beefy.Finance do?
Beefy.Finance (BIFI), launched in 2020, creates yield optimization tools which maximize returns from yield farming. Yield farming is the practice of staking or lending your crypto assets to a smart contract in order to receive rewards. Beefy.Finance optimally compounds rewards from yield farming in order to maximum returns.
Who are the Beefy and Wagyu characters?
We have anthropomorphized the Beefy.Finance DAO into an animated character, Beefy. She is a hard working and kind farmer. She has a sidekick, Wagyu, who is supportive and playful. Wagyu's mission is to help Beefy on her adventure to the top of the charts.
As historical events unfold, artwork featuring the Beefy and Wagyu characters will be created to capture and memorialize these events. This artwork will be saved on blockchains on the Internet forever in the form of NFTs.
Image of Beefy and Wagyu (link)
What is the WAGYU token and what is it used for?
The WAGYU token is a governance token which allows holders of the token to vote on initiatives which drive the direction of the Wagyu DAO. There is a finite supply of 21,000,000 WAGYU. Holders of WAGYU may use their holdings to proportionally vote on which tools, NFTs, and more will be created by the Wagyu DAO. Ten percent of all WAGYU (2,100,000 WAGYU) was sent to the Beefy.Finance DAO treasury for the Beefy.Finance DAO to use as it wishes.
What is a decentralized autonomous organization (DAO)?
DAOs are Internet-native organizations collectively owned and managed by their members. DAOs are permissionless, meaning anyone can participate by submitting ideas to other members of the DAO. DAOs regularly hold votes where members collectively use their DAO tokens to vote on what initiatives to fund and pursue.
What is a sub-DAO?
A sub-DAO is a DAO which was created specifically to serve another DAO. Think of it like a division in a company whose ultimate goal is to create value for its parent company. The Wagyu DAO is a sub-DAO to the Beefy.Finance DAO.
Why serve the Beefy.Finance DAO?
To put it simply, money goes where it is treated best. The Beefy.Finance DAO has created an incredibly valuable asset management business, managing more than 1 billion USD in value. Their token, BIFI, is a limited supply token which represents a non-dilutable share in all of the revenue of the DAO. In its existence, the Beefy.Finance DAO has proven to be one of the most exceptional and well-managed DAOs on the Internet. Beefy.Finance is the perfect place for DeFi users to invest their funds.
Who are the founders of the Wagyu DAO?
The core team of the Wagyu DAO consists of pseudonymous developers known simply on the Internet as @wagyudao. The founders of the Wagyu DAO are inspired by the innovation spurred by web3 technologies. We believe DAOs like Beefy.Finance represent the future of companies, where people can work together without fear of judgment based on their skin color, gender, sexual orientation, age, or beliefs.
What makes the Wagyu DAO unique?
Have you ever heard of the shareholders of a company getting together to help improve the value of a company they own?
Decentralization has enabled motivated long-term holders to do exactly this.
The Wagyu DAO will work hard to increase awareness of Beefy.Finance and the value of their token, BIFI.
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