PINC Liquidity DAO

Summary:

PINC Liquidity DAO is created by the Passive Income NFT Club. The DAO provides liquidity and shares the revenue with the holders.

Description:

PINC Liquidity Background
To grow the war chest of the Genesis DAO, we have started providing liquid for NFT loans. Because the results were above expectations, we decided to set up a specific DAO for this: PINC Liquidity.

After the launch of PINC Liquidity, we will start by providing liquid for NFT loans. When PINC Liquidity and the market are ready we will use other liquidity-providing options like AMM pools. We will always search for the lowest risk and highest interest options.

How does NFT Lending work?
Borrowers can lend crypto from PINC Liquidity and will provide their NFT as collateral. After the loan period, they can either pay the loan back with interest or default the NFT. When the NFT gets defaulted PINC Liquidity can decide to keep the NFT and sell it for profit.

Proof of concept
PINC has always been in favor of demonstrating proof of concepts before making expectations statements to others.

The Genesis DAO has already made 100+ SOL profit by providing loans to Sharky.fi and the Microshares DAO 30+ SOL. These results have been set up in a short period and with small funding.

To get an extra proof of concept where we can fully focus on providing liquidity we started a small Liquidity Shares Pool with PINC investors. This project serves as an additional proof of concept for the launch of PINC Liquidity.

Results Liquidity Shares Project

Results January 2023
Total LSP revenue: 9.54 SOL 
Total revenue per share: 0.33 SOL
Total shares: 28 | 10 SOL each
Current Shares Value: 10.33 SOL
Running time: 13 days
Realized APY: 156.34%

Results February 2023
Total LSP revenue: 24.93 SOL 
Total revenue per share: 0.87 SOL
Total shares: 28 | 10 SOL each
Current Shares Value: 11.20 SOL
Running time: 41 days
Realized APY: 164.50%

Revenue projections
Although we are very careful about creating expectations about revenue, we can share our targets. With PINC Liquidity we focus on 150%-200% APY. This means we aim to triple the mint funds within one year, after reinvesting.
This is still a pretty cautious prediction. Borrowers often pay back much faster and the defaulted NFTs (that can be sold with profit) are not even included in these projections.

PINC Liquidity Tokenomics
Supply: 5000 
Public mint price: 3
Mint date: April 2023