Jade Protocol, a Binance Smart Chain fork of OlympusDAO is changing the narrative of crypto forks with its gamified approach to creating increased utility.

The blockchain protocol is the first decentralized venture capital fund that new projects can access in the cryptocurrency world. 

Solving an existing problem

The blockchain space is an ever-evolving ecosystem, and innovations continue to drive the evolution of finance. For example, OlympusDAO successfully introduced the concept of a decentralized reserve currency model as an alternative to stablecoins on the Ethereum blockchain earlier in 2021. 

Unsurprising, the success of OlympusDAO has led to several forks of its protocol on different blockchain protocols. However, most of the forks in the market are essentially Ponzi schemes spun by developers and unsustainable long-term. They require investors to continually pump money into the system and are likely to collapse. 

Like Ponzi schemes, most OIympusDAO forks promise huge APYs to lure investors in the hope that the project will grow. Jade Protocol is upfront about these risks with a clear plan to move from a high-APY marketing push into a utility-based model designed to ensure sustainability and provide real value to users. 

An innovative decentralized venture capital fund