FactorDAO

FactorDAO is a decentralised autonomous organisation (DAO) that operates on the Arbitrum network. Its native token, FCTR, powers a platform that facilitates the creation, distribution, and monetisation of automated decentralised finance (DeFi) strategies. The Factor ecosystem combines composability and simplicity, enabling users to develop cross-protocol DeFi strategies using no-code or low-code tools. These strategies can leverage various DeFi functionalities like lending, borrowing, staking, liquidity provisioning, and more.

The platform's core products include:

• Factor Studio: A no-code platform for creating multi-protocol automated DeFi strategies.
• Factor Discover: A discovery hub for pre-built and community-curated DeFi strategies.
• Factor Building Blocks: A modular system to streamline the integration of DeFi functionalities.
• Factor Adapters: Protocol-specific smart contracts for seamless cross-chain interactions.
• Factor SDK: A developer toolkit for building and deploying custom DeFi strategies.

FactorDAO (FCTR) is integral to the Factor ecosystem and serves multiple roles:

1. Governance: FCTR holders can stake their tokens to receive vote-escrowed FCTR (veFCTR), granting them voting rights in FactorDAO governance. Governance includes decisions on protocol developments, ecosystem incentives, and emission allocations.

2. Incentives:

   • Factor Scale: FCTR tokens are distributed as weekly rewards to strategy vault depositors based on community voting.
   • Factor Boost: Allows additional ERC-20 token incentives for specific vaults.
   • Revenue Sharing: 50% of platform revenues are distributed to veFCTR holders.

3. Ecosystem Growth: FCTR powers the Factor Flywheel, incentivising participation in strategy creation, liquidity provision, and long-term staking. Tokens are used for community and ecosystem incentives, encouraging sustained engagement.

4. Strategic Development: FCTR tokens fund development, audits, partnerships, and other ecosystem expansions.