This is a continuation of our recent interview with Oneiro Director Rob Frasca, a serial entrepreneur who’s led multiple successful startups since the dotcom era. Rob and his team have built NDAU, an adaptive digital currency with built-in monetary policy that reduces volatility without needing a peg to any fiat currency or other asset. The technology seems to have worked wonders since NDAU is one of the few cryptocurrencies that has been technically unaffected by the ongoing correction in the overall market.
Let’s keep talking about monetary policy and holders. What other incentives does the NDAU have for them?
Rob: We’re trying to create incentives for the long-term holders. So, for a long-term holder in Ndau, you’ve got the curve, you’ve got the floor, and then you’ve got the stabilization. Now the last piece with respect to monetary policy is staking, which means that I can earn more currency if I stake NDAU. So if I lock it, let’s say for three years, I can earn 15 percent annualized on that currency.
Another unique feature of Ndau. I see this all the time: when you go out and buy a Proof of Stake currency you need to go find somebody to lock your currency with and stake it. When you find somebody to do that and you stake your currency with them, they take a little, too, and then they give you your yield. It’s quite a big process. You have to get your public keys, go over there and set it off and all that kind of stuff. So it’s a pretty lengthy process to stake your currency.
Ndau is different. Ndau actually has all that delegated staking capability built right into the wallet. You just put the currency in your wallet and say “I want to lock it for three years.” You hit a little slider and it’s locked. You get your reward. That’s it.
This kind of economic model is promising since you already have this partnership with Investview.
Rob: Yeah, so when you think about crypto adoption, you look at Jeffrey Moore’s book Crossing the Chasm. You might have read it, it’s a famous book that came up in the 1990s and it was all about tech adoption. Basically, when you look at the Gardner models, you know, they talk about these adoption curves. What they say is that all markets start with early adopters and those are the small group of people that get involved and they’re really savvy and they know all about tech.
Then those people, they kind of start bringing on the late adopters. Then ultimately what happens is this thing starts to take off and the mainstream market takes it and runs with it. There comes a point in time where it moves when the market moves from these early adopters to this mainstream market.
That’s called crossing the chasm because it generally takes a lot of momentum to go mainstream. Generally, things have to be simplified. “What does blockchain mean? How do I store my keys? It’s too difficult to use.” So what ends up happening is companies come in and they make it easy for people to use.
I remember the early days, it was almost impossible to get on the Internet. What did people use to get on the Internet? What AOL did was they crossed the chasm. They took the market from the early adopters to the mainstream. And they won, they wanted to do that.
I believe that crypto is still in that early adopter phase and in order to go mainstream it’s all about creating very simple things. So we did a deal with Investview. Why did we do that? Because it has a global sales force of over thirty thousand people, primarily mainstream. So what we’re doing is they are bringing Ndau to a mainstream market. We’re promoting this like AOL did, where all of a sudden you had that CD, but they achieved their goal.
Many investors, companies, traders, enthusiasts see volatility and speculation as one of the attractions to cryptocurrencies. There are stablecoins and many people avoid them. Would you say that Ndau takes the middle-of-the-road approach as a conservative digital currency? How does Ndau compare to stablecoins?
Rob: I wouldn’t classify it as a stablecoin, stablecoins are generally pegged and flat. What NDAU is, really, is an adaptive currency where we’re trying to reduce overall volatility and have a demand-driven monetary policy.
Finally, can you talk a little bit about the technical aspects of NDAU?
Rob: NDAU is built on Tendermint which is the consensus engine of Cosmos. It’s a delegated Proof of Stake algorithm where you have a network of validators and verifiers that ultimately do the consensus. That’s how NDAU works. It’s really part of the Cosmos ecosystem. In fact, that really is the lane, if you will, that we’re trying to swim in.
Today, most DeFi projects tend to revolve around Ethereum, but what we’re seeing is others are joining and jumping in because DeFi is growing so fast. So you have ecosystems like Cosmos jumping in and providing solutions. Ndau is built on the Tendermint Cosmos. We think that NDAU can really break out in the market through that approach.
Thank you, Rob!
Rob: Thanks for having me.
Some of the important features that Rob Frasca mentions have led to NDAU’s recent market performance, listings, and interest from investors. The network’s in-wallet staking and other capabilities such as on-chain multisig and dynamic recourse period make it an alternative store of value for institutional investors in the blockchain space. To keep learning about NDAU visit its website and read through its comprehensive knowledge base.