SyncDAO
  • Home
  • 01. What is SyncDAO ?
    • Intro: Aggregators
    • Intro: Vaults
    • What are Perpetual Vaults?
    • SyncDAO Simplified
    • What problem is SyncDAO attempting to solve?
    • What would someone want to use a Perpetual Vault?
  • 02. Technology
  • How does the Affiliate model work?
  • Proof of Concept (GrowUSD.com)
  • Quantstamp Audit
  • Roadmap
  • 03. Governance & Token
    • Governance
  • 04. FAQ
    • Frequently Asked Questions
    • Appendix - Yearn & YFI Token
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Proof of Concept (GrowUSD.com)

PreviousHow does the Affiliate model work?NextQuantstamp Audit

Last updated 4 years ago

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SyncDAO produced a proof of concept product that is live called . It was never intended for large scale use, we may or may not improve the product in the future.

What it does prove out though is that we can have an affiliate layer which is intended to drive adoption for SyncDAO’s products, this affiliate layer is completely non-custodial.

To prove out this thesis, we took a baby step towards testing it by gathering together 37 budding affiliates / crypto educators and spent three days with them workshopping how they might use SyncDAO products to generate an income for life, not to dissimilar to how old world advisors build a trail of revenue.

We discovered that most affiliates could build a decent 6–7 figure income on the front end by providing education for a fee and build an incredible trail income that goes exponential over time.

Affiliates have one key advantage, they can educate people on these technologies and share their affiliate link with people in a safe way, within the confines of existing laws. They cannot give advice of course, but they definitely can educate people in how to use these emerging technologies and disclose their affiliations as they go along.

This is the key part to the growth strategy for SyncFarms and any other products that SyncDAO decides to launch.

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For certainty we had this affiliate layer and the SyncDAO smart contract .

The world of crypto currencies and DeFi (Decentralized Finance) is still completely foreign to most people. aims to change that by providing an easy first step into this new world.

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audited by Quantstamp
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GrowUSD
GrowUSD.com
GrowUSD - Earn Interest on Digital USDGrow USD
https://medium.com/syncdao/first-steps-into-defi-getting-started-on-growusd-com-b0b8162a73d7medium.com
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