DAO-to-DAO Vote #1 Results: Hasai Is Accepted!

Kyokoans, we’ve got a HUGE announcement for everyone. Unless you’ve been living under a rock lately, you know that we put our very first DAO-to-DAO application to vote over the past week. This was after a week of heated discussion on the Kyoko Governance forum.

We’ll get straight to the point.

The application was approved, with 81% in support of providing a loan to Hasai. The cherry on top? We were blown away to see the high levels of participation! For our first community vote, we registered approximately 1.2m votes. That’s a lot of decision-making power.

Congratulations to the applicant — Hasai.xyz. We’ll be in touch regarding next steps to obtain your loan. Here are the details:

  • Loan Principal: 10,000
  • Currency: USDC/USDT
  • Loan Term: 12 months
  • Interest Rate: Variable, initial 2%

Kyokoans, we’ll be back shortly with new DAO-to-DAO applications. They’re beginning to roll in, and we’re hard at work doing our initial due diligence. Watch the announcements channel for latest updates.

Want to see the Hasai application voting results? Check the voting platform: https://snapshot.org/#/kyoko.eth.

Want to learn more about the community’s discussion on the application? Read more on the Kyoko governance platform: https://governance.kyoko.finance/t/hasais-d2d-application/42.

Want to learn more about Kyoko’s DAO-to-DAO lending? Read more in our Gitbook: https://docs.kyoko.finance/how-it-works/dao-to-dao-loans-d2d.

Well, that’s about it for now, Kyokoans! See you on the other side.

About Kyoko

Kyoko is a DAO-to-DAO credit provider and cross-chain GameFi NFT lending market for guilds and players. Kyoko’s DAO-to-DAO lending offers liquidity to promote Web3 development, while its guild-to-guild lending, P2P NFT lending, and cross-chain asset lending platforms aim to solve the most pressing issues challenging the GameFi market, including the rising cost of entry and siloed in-game assets across different blockchains. Kyoko’s metaverse will also allow Guilds to display their history, progress, and other accomplishments, while players can connect with others in a world that can be built in, developed, and sold off.

Follow Kyoko at the links below to stay up to date on upcoming events, releases, and news.

Website | Twitter | Announcements | Discord | Gitbook | Governance

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Kyoko.Finance

Kyoko.Finance

9.4K Followers

The go-to cross-chain GameFi NFT lending market for guilds and players.