Nidhi
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Introduction

Our Purpose

Our purpose is to empower more and more people to experience financial freedom. With our community, we’re contributing to a more equitable world – now and for generations to come.

Our Goal

Our goal is to acquire 1 Trillion Dollars worth of Tangible Assets in our treasury, on-chain, within 10 Years.

What is Nidhi DAO?

NidhiDAO, from the root Nidhi, signifying a treasure consisting of nine treasures, is the decentralized algorithmic currency protocol that governs the $GURU token. $GURU is backed by Nidhi's treasury of real world assets such as gold, fine wine, and real estate that provide a true proof of value for the currency.

What is GURU?

GURU is money that grows, backed by real world assets. The GURU supply increases as the treasury acquires more assets. You benefit from this by receiving more GURU in line with the growing supply of tokens.
This model is a potential solution to the failure of fiat currency, where central banks print new money and you receive none, thereby becoming poorer through deflating of the dollar. With our currency model a percentage of the inflating supply goes to you through compounding returns you receive every 7 hours.
This model is also different from Bitcoin and many of the previous generation cryptocurrencies that focus on a fixed supply with an increase in price. When operating optimally, the price of GURU remains relatively stable. You benefit from the inflation by an increase of tokens in your wallet as new participants join the ecosystem. GURU has proof of value from its backing by real world assets such as gold, art, fine wine and property, giving $Guru an intrinsic value that it cannot fall beneath.
Bitcoin and all other V1 cryptocurrencies are valuable purely because people believe they have value. The exception is stable coins which are backed by fiat currencies. GURU is backed by a basket of currencies and real world assets. Read more about how the treasury acquires these assets here.

What is the Purpose of Nidhi DAO and GURU?

Our goal is to create a DAO governed, independent currency backed by real world assets in order to provide an alternative to fiat currencies and enable wealth creation globally. In the long run, we see $GURU being used as a medium of exchange and global unit of account. In the short run, we intend to optimize the system for growth and wealth creation.

How Can GURU Deliver Such a High APY?

The first reason returns are so great is that they auto-compound every 7 hours, so that you continue to earn rewards on top of your rewards.
Another reason for the high APY is the stage in the life cycle of the protocol. GURU tokens that are paid out to stakers are minted when bonders sell their assets to the treasury in exchange for GURU. The rate of the APY depends on the rate that the ecosystem is growing. During the early stages of the protocol, while the market cap is small and growth is rapid, the APY numbers can seem too good to be true. As the market cap grows, the APY will drop, balancing out as the currency reaches stabilization.

How Do I Participate in Nidhi DAO and GURU?

There are two main strategies for market participants: staking and bonding. Stakers stake their GURU tokens in return for more GURU tokens, while bonders provide LP, DAI tokens, or TNFTs in exchange for discounted GURU tokens after a fixed vesting period.
Governance participants can get involved through discussions on our community discord server. We are always looking for new community members to contribute!

How Can I Benefit from GURU?

The main benefit for stakers comes from supply growth. The protocol mints new GURU tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in GURU and thus the bonder's profit would depend on GURU price when the bond matures. Bonders benefit from a rising or static GURU price.

Who Created Nidhi?

Nidhi is a fork of Olympus on the Polygon network. Kubera, the God of Wealth, ideated backing GURU with real world assets and maintaining the same tokenomics model as Ohm. Our team consists of the major Hindu Gods including Ganesha, Harihari, and Kali.

Who runs Nidhi?

Currently most of the decisions are taken by the Gods, but we expect to be able to turn this into a DAO-governed model in the future. In the short term we place a higher priority on success and fast effective decision making over decentralization.
Last modified 1mo ago