BIO Protocol
BIO protocol is a new financial layer for decentralized science aimed at accelerating the flow of capital and talent into onchain science.
The protocol is designed to catalyze an onchain economy of scientific communities (bioDAOs) and create deep, liquid, efficient markets for the scientific IP they back and develop.
Protocol Goals
Curation, creation and acceleration of new bioDAOs funding science onchain.
Perpetual funding and liquidity for bioDAOs and onchain biotech assets.
Standardization of bioDAO frameworks, tokenomics and data/product suites.
Generation and commercialization of scientific IP and data.
Core Operations
To achieve these goals, the BIO protocol has 5 core operations:
Curation
Funding
Liquidity
Bio/acc Rewards
Meta-Governance
1. Curation
BIO token holders vote on bioDAO teams they want accepted into the BIO Network to receive support from the BIO community in the form of funding, liquidity, rewards, and other acceleration services. BIO holders stake BIO tokens on the bioDAOs they want accepted. If a DAO they staked on are voted in, they get rewards like BIO tokens, access to whitelisted funding rounds, and early access to a DAO’s products and services.
2. Funding
BioDAOs can fundraise using the BIO Launchpad and direct funding towards research initiatives, IP assets, and other biotech organizations. BioDAOs use the BIO protocol to customize token sales, airdrops and lock-ups, and allocate DAO treasury and IP proceeds to activities that further support the DAO’s scientific mission.
3. Liquidity
The BIO protocol supports onchain liquidity for the BIO Network using the BIO token and other token holdings in the BIO treasury. The BIO token can be paired in liquidity pools with bioDAO tokens (e.g., VITA/BIO, NEURON/BIO), as well as with other assets (e.g., ETH/BIO, USDC/BIO). This facilitates liquid on/off ramps for each bioDAO in widely-held tokens (ETH, USDC) and low-cost conversions, while building protocol-owned liquidity (POL) that generates fees for network participants.
4. Bio/acc Rewards
The BIO protocol can issue rewards in the form of BIO tokens (“Bio/acc Rewards”) that incentivize bioDAOs to reach key milestones designed to increase network value (AUM). BIO holders might choose to use bio/acc rewards to incentivize bioDAO milestones like funding a certain value of onchain science, maintaining a certain level of token liquidity, developing IP that reaches clinical trials, or generating sales from consumer products/services.
5. Meta-Governance
The BIO protocol will hold various bioDAO tokens in its treasury and can therefore serve as a meta-governance layer empowering BIO holders to govern a wide range of bioDAOs and scientific IP assets.
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