OpenDAO

Code Review - 02/02/2021

Marcus Kelly avatar
Written by Marcus Kelly
Updated over a week ago

71%

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.

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