Spiral DAO is a Decentralized Autonomous Organization (DAO) dedicated to acquiring the most relevant and important DeFi governance tokens within a single community-controlled DAO Treasury. Similarly to yield aggregators (such as Yearn, Beefy, and Harvest), Spiral DAO aggregates liquidity, but instead of continuously selling reward tokens from third-party protocols, Spiral DAO redirects and secures them within the DAO, thus reducing the selling pressure and circulating supply of tokens of the protocols it supports. Spiral DAO distributes native COIL reward tokens to its users, providing an additional yield boost and incentive for Liquidity Providers (LPs) to pool their liquidity and contribute their yield within the Spiral DAO treasury.
Spiral DAO utilizes different market solutions, such as 'liquid lockers' to attract decisive voting power in corresponding protocols while Spiral tokens remain highly liquid. Spiral DAO conducts periodical overflow auctions to accumulate new funds into the treasury and onboard new users.
$COIL is the main reward token in Spiral DAO on Ethereum. Token holders can stake their COIL tokens to receive COIL token rewards. This ensures that token holders are protected from dilution caused by the inflationary nature of COIL whilst receiving a decent APR. In exchange for staking, COIL users receive a wrapped version of COIL — SPR, with each SPR representing a growing number of COIL tokens. Staking APR may vary to better fit market conditions.
