SquidDAO

SquidDAO is a decentralized reserve currency protocol based on the SQUID token. Squid protocol was inspired by OlympusDAO. Each SQUID is backed by a basket of assets (e.g. ETH) in the SQUID treasury, giving the token an intrinsic value that it should not fall below. SquidDAO will leverage similar staking and bonding dynamics of OlympusDAO.