I propose the launch of a DAO tailored for Vires token holders and users seeking to participate in the reimagined Vires.finance, which will be known as Numeris.finance now. Our DeFi platform will offer a unique model distinct from the traditional approach, where interest rates are typically linked to the utilization of lender-supplied funds.

Here's how Numeris.finance operates:

Fixed Borrower Interest: Borrowers are obligated to pay a consistent, unchanging interest rate weekly, regardless of their fund usage. This offers stability to both borrowers and lenders.

Collateral-Based Borrowing: Borrowers can access funds up to a limit determined by multiplying the total liquidity provided by lenders by a predetermined fixed collateral ratio, typically ranging from 0.1 to 0.5. This ensures borrowers maintain collateral proportionate to their borrowing, reducing lender risk.

Collateral Liquidation Mechanism: To protect lender interests and the borrower's account health, if a borrower misses their weekly interest payment, a portion of their collateral is automatically liquidated to cover the outstanding interest. Prolonged missed payments could result in complete account liquidation.

Fixed Interest Rate: Unlike traditional lending models with fluctuating interest rates, Numeris.finance maintains a constant interest rate for borrowers, aiding borrowers in managing their financial commitments. Capped Borrowing Limit: To ensure system stability, only a specific percentage of total available funds can be borrowed at any given time. This limitation prevents excessive borrowing that could strain liquidity and operations.

Existing Vires token holders will continue receiving platform profits as before, based on the difference between lending and borrowing interest rates. In the Numeris DAO, they'll also receive $pwr tokens based on their current locked $vires token holdings, with a total of 100 $pwr tokens distributed. The final distribution list will be approved by the DAO itself. In addition an equal part of the total platform profits will go to resolution of Vires.finance liquidity crunch situation.

New members are welcome to join the DAO. The DAO treasury will raise 1 million XTN, with 500k allocated for development and the other 500k used to purchase Vires tokens on the open market, subsequently deposited into the DAO treasury, creating a profit stream. $pwr tokens will be credited to treasury depositors based on the current market rate.

The DAO's KPI period for profit distribution from Vires token staking is set at three months, after which $pwr tokens can be unstaked. Treasury depositors can also choose to unstake their $pwr tokens and receive a corresponding share of Vires tokens from the treasury if they wish to do so. Participants in the DAO will profit from staking interest on Vires tokens in the treasury and its potential price growth.

Proposal to Launch Solar DAO on the Power DAO Protocol

We are excited to introduce Solar DAO, a unique opportunity for you to participate in a community-driven initiative focused on sustainable energy investments. By committing a minimum of 0.1 PWR tokens, you can join us in building the infrastructure needed to revolutionize solar energy investments.

Our goal is to raise up to 100,000 Waves, which will be used to launch the project's infrastructure, website, and smart contracts. The minimum PWR commitment required to launch the DAO is 20 PWR.

Benefits of Participating in Solar DAO

Additional Rewards

20% of the profits from all projects launched with the DAO will be distributed as additional rewards to investors, based on the amount of Waves invested during this initial funding stage. This means that over the long term, your investment can become even more profitable. These rewards will be distributed as long as you maintain your PWR commitment in the DAO. The DAO epoch will last for one month (43200 blocks).

Regular Investment Returns

The remaining 80% of the profits will be distributed to regular investors of each solar project installed within the Solar Waves initiative. These distributions will be managed transparently through smart contracts and published on our website.

How Regular Investments Work Through NFTs

Let's suppose Sasha pays $200 a month for electricity. She decides to install a photovoltaic plant and contacts Solar Waves. We install a solar plant consisting of 12 solar panels that will generate the equivalent kWh monthly. How much will Sasha pay for this installation? Zero dollars. It's a zero-investment model for Sasha, who signs a 12-year solar power purchase agreement with Solar Waves.

Solar Waves publishes Sasha's initiative on its website and offers 12 NFTs for sale, representing the cost of the photovoltaic plant Sasha is acquiring. Certified installers from Solar Waves set up the plant, and Sasha receives a monthly bill for the solar energy generated, priced at a 10% discount to the market rate. Therefore, Sasha pays $180 per month instead of the usual $200.

Meanwhile, 95% of the net profits from the energy generated are returned to the DAO participants and the direct investors who purchased the NFTs. This model ensures both transparency and a sustainable return on investment for all stakeholders.

Call to Action

Join us in making a difference with Solar DAO! Invest in a sustainable future and enjoy the benefits of your commitment. For more details, read our Whitepaper available in the Telegram chat or on the Power DAO forum.

Let's create a brighter future together with Solar DAO!

1. Taking back the trust

Currently, situations at Waves don’t allow or is impossible to collect some funds for non-profit projects because of a lack of transparency and trust that’s why NON-PROFIT DAO will be in different ways with harder punishment than MotherDAO

2. The main mission of Non-Profit DAO

Non-Profit DAO will be aiming to fund projects that don’t have tokens in their projects *(that can’t be used for trading or arbitrage for generating some type of profit for the investors…)*The focus here will be to bring the fresh air of developments with useful tools for the ecosystem and members.

3. The Non-profit DAO

A Non-Profit DAO thrives on the generosity of donors. Its lifeblood is donations, willingly given by individuals and organizations who share its mission. These contributions are transparently managed and often influenced by donors’ preferences, ensuring every donation has a direct impact on causes that matter

4. Funding the projects in Non-Profit DAO

Projects can apply freely, but only if they already have a DEMO/BETA of the project. the second rule is they need to come up with a detailed plan about the project, what is going to be built, how much will cost, and the initial funds for the whole period. Each month they should create a proposal of transferring the funds needed for the next month from guarantor wallet and this will be voted by participants in the Non-Profit DAO

5. No mercy for Non-profit DAO projects

Each project can apply for these funds but under some person who will be guarantor, his work is to control what is happening in the project and how the fund is spent (this means will have access to the wallet that funds are transferred… multising with guarantor and project owner) this person should report to community every Monthly detailed reports for what they spend the funds and what they did etc… The chosen person by the project should have min 15 PWR and 4k waves, put in Non-Profit DAO of the project (possibly some Miner to apply here too) The punishments for Investors and guarantor will be really hard like never before if projects don’t bring promises by plan, Investors will be slashed based rules on MotherDAO and guarantor will lose all his PWR and Waves in the Non-profit DAO of the project, if the guarantor is some miner, he will be punished 80% of his PWR that are staked +Buybacked and rewards in WavesDAO. The confiscated PWR (funds) from guarantor will be used to recover the Investment of Investors from the project at Non-profit DAO. People participating in Non-Profit DAO can always vote for unsuccessful projects or propose changes in projects!