What Is Carpe DAO?

2021-08-13 02:00:00 · 428 views · 3 min read

 

Carpe DAO is a decentralized finance protocol where you can receive NFTs by still hodling your tokens.

The HODL Vaults allows you to deposit your assets and hold for the duration you specify. You can deposit $AAVE, $COMP, $CRV, $DAI, $MAKER, $USDC, $USDT, $WBTC, $WETH and $CARPE, the protocol’s utility token in the vaults to earn $CARPE token rewards

Once you deposit in the HODL Vault, you receive an NFT to represent the deposit. This allows for some fun stuff besides withdrawing your deposit. You can now:

  • Increase the deposited amount without changing the lock time

  • Transfer your deposit to another address

  • Sell your deposit in the soon-to-come Marketplace

It also has a swap feature just as other Dex, supporting the tokens as mentioned above.

 

 

The protocol will release more features such as Governance, Yield Vaults, HODL Vault NFTs Marketplace, LP Tokens Vaults, Incentives, Launchpool. All of this in an open-source, non-custodial, decentralised way.

 

 

 

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