The current legal system works as a backward punishing of the bad actors (You can only go to court with the paper contract if a manager did something bad, but still need to prove it, and decisions are subjective to certain judge or jurisdiction, not talking about legal costs and fees payable to use this system.

Smart contracts opened a new way of managing relationships between investors and managers, which we’re used to creating onchain agreements, where a manager creates a DAO smart contract that handles all the relationships between investors and the manager. Instead of backward punishing bad actors, we’re not giving any chances to bad actors at all. I mean, instead of punishing, an onchain agreement prevents fraud.

Each DAO has its own DAO Liquidity tokens (aka LPs) which can only be minted on deposit liquidity into the DAO and represent share of contribution and ownership in total balance of a DAO. When a user wants to withdraw his funds from a DAO he needs to burn these tokens and he will get back shares of all assets on the DAO balance. Similar to how liquidity provider’s tokens work on Uniswap.

ASPIS is a full-cycle platform where such DAOs live. ASPIS supports users, both DAO creators and Investors, with a group of solutions during the whole DAO lifecycle:

• No code DAO creation. DAO Creators choose from customized templates requiring nocode skills, fast and seamless deploy, integration with all DeFi protocol and DEXes

• Automated Fundraising on DAOPad - DAOs can utilize public placement on DAOPad with onchain agreements and Automated accounting to calculate shares of each DAO member and automatically take fees for a manager.

• On-chain Governance - DAO members can create proposals to change DAO parameters. These parameters are executed onchain. The manager can add a DAO wallet as his personal Metamask wallet and connect to all possible DEXes and DeFi protocols.

ASPIS is now available on Ethereum, Polygon, and BNB Chain.

In this video we will do a presentation of ASPIS Protocol for you and will show you:

1. How to create DAO

2. How to deposit funds into the DAO and mint DAO Liquidity tokens

3. How the DAO manager can add a DAO address to his frame wallet and transact on DEXes or DeFi protocols directly from the DAO balance

4. How to burn LP tokens and receive funds back

5. How to start a proposal and vote on it

If you’re doing any sort of asset management, running a pool or gamefi guild or interested in deploying your own DAO, fill in this form to get access to the beta testing.