What is MahaDAO

Gafoor Khan

Aug 2, 2020 • 6 min read

This article will be continually updated and provide a holistic overview of the project for readers, both old and new, to MahaDAO.

There was once a time when inflation was uncommon, and hyperinflation wouldn’t exist, as governments could only increase the supply of money in line with the supply of gold reserves they held. Instead, in the 50 years since the Bretton Woods system was dissolved, neoliberal and monetary policy have combined to deliver tremendous growth, but at the expense of endless cycles of economic crisis, collapse, and chronic inflation.

The Covid-19 pandemic has had a devastating economic effect, but let’s not forget that the global economy has been limping under an increasing debt burden. In the US, for example, the national debt now stands at a staggering $30.7 trillion. This addiction to borrowing is driven by weak economic growth, leading central banks to continually squash interest rates and engage in shady practices of monetary financing, also known as printing money out of thin air. Naturally, this causes a currency’s value to depreciate, and given the USD’s position as a world reserve, every currency is de facto depreciatory.

To combat the spiral of decline, we at MahaDAO set about a mission to correct this systemic flaw, tasking ourselves to design and create an asset that protects the buying power of the holder.

Introducing ARTH, a decentralized non-depreciating stablecoin that ensures stability in buying power over time as opposed to stability in price. In this article, we outline the ARTH coin and its mechanism, but firstly what is MahaDAO?

MahaDAO: A new way of governance

MahaDAO is a decentralized autonomous organization that is governed by the MAHA community. Consequently, the MAHA token holders are at the helm of all decision-making and play a central role in fulfilling MahaDAO’s true potential.

The MahaDAO ecosystem features two tokens: MAHA and ARTH.

MAHA: The Governance Token

MAHA, as the name signifies, refers to a supreme, magnanimous, greater than itself characteristic, which the MAHA governance token embodies. Community members use MAHA to vote on key aspects of the ecosystem in order to collectively manage the parameters that keep ARTH stable and in check. In short, MahaDAO is guided by the MAHA holders, who determine the various activities and updates within the ARTH ecosystem.

The primary responsibility of all MAHA token holders is to ensure the stability of the ARTH valuecoin and govern the protocol, pass proposals to grow the protocol, and keep it safe.

ARTH: The Valuecoin

ARTH is the world’s first inflation-proof value coin. ARTH is designed to remain stable and appreciates ever so slightly that it is hedged against US dollar inflation.

For example, a cup of coffee might cost $1 today but can cost $2 tomorrow because of severe inflation and loss of value over time. Although, if you use ARTH, it will forever cost you 1 ARTH, if not less.

ARTH is a viable successor to stablecoins, which depreciates, as discussed earlier in this article.

What is a valuecoin & how does ARTH ensure its value remains stable?

Simply put, a valuecoin is a stable currency not in price but value. As opposed to a stablecoin, a valuecoin never erodes its intrinsic buying power.

A valuecoin is something that maintains buying power rather than a stablecoin pegged to a depreciating currency.

Features/Value Propositions/Use Cases

Zero Transaction Fees

It’s completely free to send and receive ARTH. This will be made possible through 1) A gasless wallet developed by the MahaDAO team and 2) through L2 blockchains OR rollups such as Matic. Meta-transactions, a key characteristic of L2 blockchains, enable MahaDAO to give users zero transaction fees.

We’ve made it easier for you to build your financial future—no gas fees.

Light Speed Transactions

One of the major issues that DeFi aimed at resolving is the slow transaction confirmation on the Blockchain. So we at MahaDAO have stepped it up a notch to make ARTH coin transactions super fast.

The average time taken to transact ARTH is less than 3 seconds, and our ultimate goal is to provide transaction speed rates that are among the lowest in the industry.

Easy to understand UX

As we’ve seen, DeFi and other non-DeFi crypto projects tend to sacrifice user experience in exchange for implementing ground-breaking concepts with a general intention to transform rather than to please.

With ARTH, MahaDAO ensures not just a disruptive system is at play but also frictionless onboarding of users. The products built by the MahaDAO community will always have a common denominator, a simple yet effective approach to creating seamless user experiences.

A decentralized way to transact

With the features outlined above, ARTH has been created as not just a store of value but also a transactive currency, with the ability to transact at lightning-fast speeds anytime, anywhere, and with 0 transaction fees.

These features make ARTH a valuable transaction coin. Almost anybody, anywhere in the world, can transact ARTH in seconds using a smartphone.

Lending and Borrowing

ARTH's primary use case is to allow DeFi users to lend and borrow with this unique stablecoin model.

Leverage

With ARTH, users can submit collateral to mint ARTH. This can be used to achieve a leveraged position in the underlying asset.

The MAHA Governance: for the community, by the community

DAOs and DeFi are still early and in the experimental phase. However, the transformative potential of these concepts means that projects are not really in competition with one another but more so trying to differentiate their use case within the industry. One key aspect of this differentiation has and always will be the community behind a project. Maker, for example, is what it is today because of its community & not the other way around.

The MAHA community plays a pivotal, if not the most important, part in the MAHA ecosystem. The ability for people to delegate voting power in order to make fair decisions reflects the core values of MAHA - For the people, by the people. No one person has the ability to overrule the community.

The community’s power to equivocally make decisions in the best interest of the project is something that can never be compromised. Cooperation is integral to the success of this project, and MahaDAO will offer a range of incentive structures to create a vibrant and engaging community.

Token allocation: Curved Distribution Model for Community

MahaDAO shares community ownership through a dynamic, dedicated governance system to steer the project over a long-term horizon. Built on the principles of impartiality and trust, it is crucial that governance is managed in line with the necessary input requirements. This being said, the MAHA governance framework aims to develop the protocol and maintain its safety to expand the MAHA universe.

A range of incentives has been drafted to ensure that the community is rewarded for being part of the MahaDAO journey.

Liquidity Mining

At the heart of every DeFi project is a way for users to earn rewards by deploying their crypto assets using creative strategies. That is what DeFi is all about; building innovative ecosystems that allow users to take control of their wealth & expand it. This is the essence of everything we do. Growth in value!

The MahaDAO Liquidity Mining Program is an incentivized, community-focused market-making approach that will reward those providing liquidity with MAHA tokens.

MahaDAO’s Liquidity Farming Program follows an exponential distribution model of MAHA rewards. As a result, early liquidity miners reap the most rewards. Hence, the sooner you become a part of the program, the more rewards you can reap!

Governance Portal

The MAHA governance portal is where all major decisions about the protocol will be taken. MAHA is the governance token that community members can use to vote on many aspects of the ecosystem and ensure its decentralization.

You can use the MahaDAO governance portal here.

The MAHA token holders have a ton of responsibilities, apart from ensuring the value stability of ARTH. In addition, MahaDAO itself is guided by the MAHA token holders, who vote and determine the various activities and updates within the ARTH ecosystem.

How can you be a part of MahaDAO?

MahaDAO is always looking for community members that will help the project grow and reach its full potential. We are currently at a very nascent but exciting stage in our project development. By being a part of this ecosystem at an early stage, you can be one of the pioneers, driving the disruptive and game-changing solution that is ARTH.

You can be a part of MahaDAO in one way or another, as listed below:

DAO Patron
Community member
Advocate/Ambassador
Community Manager
Influencer
Liquidity Miner
MAHA token holder
Early investor

If you don’t fall in any of these categories but are still interested in knowing more about the project 👇

MahaDAO Official Links