TM Rating: 71%
February 2nd, 2022
The OpenDAO Project is a decentralized, censorship-resistant, trust minimized, viable and scalable endeavor to bring real-world assets on-chain in a meaningful manner. It is built on the UMA protocol and plans to connect DeFi to the real world by the end of this year. The CashBox protocol allows off-chain assets to be used within DeFi in a decentralized manner. CashBox liquidity providers provide on-chain liquidity against off-chain assets. The goal that OpenDAO is trying to achieve is highly ambitious as bringing off-chain assets onto the chain is no easy task. We are looking forward to it as it could become a leading project in the ecosystem if they manage to do it but there is a lot of work in order to get to it, so the risk is high.