Daos.fun
Basics
- Launched on 9-2024
- From Messari (28-10-2024):
"Launched in late September, Daos.fun introduces a decentralized hedge fund model on Solana. It has garnered significant attention recently due to the popularity of the ai16z fund, which is supported by Marc Andreessen, co-founder of Andreessen Horowitz.
This unique structure allows hand-picked fund managers to raise SOL from investors and issue tokenized stakes (DAO tokens) that can be traded.
With a dual-purpose design, fund managers control capital allocation, while DAO tokens provide a floor value, blending the appeal of speculative memecoins with onchain assets.
The Daos.fun ecosystem operates as follows:
Initial Fundraising: Each DAO sets a fundraising target. If unmet, SOL is returned to contributors minus a 10% fee. Once the target is achieved, the DAO token is listed on a bonding curve powered by a virtual AMM.
Active Management: Managers freely deploy the SOL funds within Solana. Upon a predetermined end date, token holders can redeem underlying assets or trade their stake.
Profit Distribution and Carry: At fund closure, profits are distributed, and the manager collects a pre-set percentage of the returns as a “carry” fee.
In DaosDotFun, two primary strategies have emerged:
Buying Discounted DAO Tokens: Investors seek tokens trading below their intrinsic asset value, anticipating appreciation as prices converge with market averages.
Early Exit for Quick Gains: Participating in fundraising rounds and selling tokens post-launch can yield immediate returns, especially in larger raises, as token demand initially surges."
