{"id":137656,"date":"2021-01-20T22:31:05","date_gmt":"2021-01-20T17:01:05","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=137656"},"modified":"2021-01-20T22:14:29","modified_gmt":"2021-01-20T16:44:29","slug":"spiderdao-listens-to-community-with-nest-release","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/spiderdao-listens-to-community-with-nest-release\/","title":{"rendered":"SpiderDAO listens to community with Nest release"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Community feedback is an essential part of any decentralized project. One of the main advantages of participating in blockchain initiatives is that they are closer to being community-owned than traditional technology startups. This is even more so for <\/span><a href=\"https:\/\/www.spiderdao.io\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">SpiderDAO<\/span><\/a><span style=\"font-weight: 400;\">, the first hardware-enabled Decentralized Autonomous Organization.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project is known for pioneering a user-focused and whale-resistant decentralized VPN service on the blockchain with important features such as the SPDR utility token and liquidity mining. More so, SpiderDAO\u2019s token economics are set to that 60% of its token supply will be given away to the community via distribution over five years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the success of its liquidity program, the SpiderDAO community raised concerns on various channels about some of the program\u2019s downsides for users who weren\u2019t liquidity providers. Users observed that the network\u2019s high compensation to liquidity miners created a significant amount of emissions, which drove the SPDR token price down.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The team swiftly developed a solution that would benefit all participants in the SpiderDAO network. Spider Nest introduces a staking program that offers rewards to users who are not liquidity providers based on the period of time they decide to lock their funds in the protocol.<\/span><\/p>\n<figure id=\"attachment_137657\" aria-describedby=\"caption-attachment-137657\" style=\"width: 939px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/spider.jpg\"><img decoding=\"async\" class=\"size-full wp-image-137657\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/spider.jpg\" alt=\"\" width=\"939\" height=\"614\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/spider.jpg 939w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/spider-300x196.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/spider-768x502.jpg 768w\" sizes=\"(max-width: 939px) 100vw, 939px\" \/><\/a><figcaption id=\"caption-attachment-137657\" class=\"wp-caption-text\">Source: ThornPR<\/figcaption><\/figure>\n<p><a href=\"https:\/\/www.spiderdao.io\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">SpiderDAO<\/span><\/a><span style=\"font-weight: 400;\"> Founder and CEO Nathan Varty explained that \u201ceach nest consists of a set of requirements and parameters that are compensated accordingly. These compensations range from 36% to 80% APY depending on their lock period, meaning that a 90 day lock-up of over $500 could receive a 60% APY. This means the staker would receive 5% of the locked amount in return after each month.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Likewise, Liquidity as Utility is equally available to SPDR token holders. Users can benefit from both APY and from free access to the SpiderVPN services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Healthy communities can make or break a blockchain project. Spider Nest sets an example in listening to feedback and finding solutions that benefit all participants in a network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SpiderDAO on: <a href=\"https:\/\/t.me\/SpiderDAO\">Telegram<\/a>\u00a0<\/span>\u00a0<span style=\"font-weight: 400;\"><a href=\"https:\/\/discord.gg\/freymYYspb\">Discord<\/a><\/span><\/p>\n<p><strong>Disclaimer: This article is a paid post and must not be considered as news\/advice.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Community feedback is an essential part of any decentralized project. One of the main advantages of participating in blockchain initiatives is that they are closer to being community-owned than traditional technology startups. This is even more so for SpiderDAO, the first hardware-enabled Decentralized Autonomous Organization.\u00a0 The project is known for pioneering a user-focused and whale-resistant<a href=\"https:\/\/ambcrypto.com\/spiderdao-listens-to-community-with-nest-release\/\">Continue reading <span class=\"sr-only\">&#8220;SpiderDAO listens to community with Nest release&#8221;<\/span><\/a><\/p>\n","protected":false},"author":34,"featured_media":137659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[18,19,2],"tags":[],"class_list":["post-137656","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hide-cryptopanic","category-pr","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SpiderDAO listens to community with Nest release - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Community feedback is an essential part of any decentralized project. 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