Connect Financial Community Update

Connect Equity

Connect Equity is the project arm of ConnectDAO and is responsible for the funding, operation, and on-chain governance of a range of directly managed, developed and owned projects.

Connect VC

Connect VC is responsible for deploying capital accrued in the DAO treasury to strategic investments, project incubation and participation in IEO and IDO offerings.

Governance

The way that new projects are raised and funded is through DAO governance.

  • Changes to the DAO structure
  • Strategic investments
  • Performance rewards

Case study — ConnectDAO increases Connect Financial’s lending pools

For example, the DAO proposes that Connect Financial’s lending pools should be increased to offer more loans to customers. The process is as follows:

  1. A smart contract immediately releases the funds from the liquidity pool and transfers them to the lending pool.
  2. The lending pool is opened to customers, generating fees as users interact with borrowing services.
  3. A performance fee is paid to the DAO treasury, and a quarterly dividend is paid out to DAO members.

Rewards

ConnectDAO members get rewarded for their participation in the on-chain governance of the DAO through the distribution of pCNFD (formerly pCNFI); the native reward token of ConnectDAO.

Participating in the DAO

If you held CNFI during the DAO snapshot in July 2021, you will be airdropped CNFD tokens once ConnectDAO officially launches.

  1. Overview of your current membership status. Easily understand how much is locked in, when you can rebalance your CNFI for the membership holding and view how much reward you have earned to date on membership value staked.
  2. CNFI token details. From market price, tokenization metrics including market cap, circulating supply, release per day, etc.

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