What is Spool DAO (SPOOL)?
Spool DAO is a decentralized protocol that makes it easy for users to earn interest on their cryptocurrency investments while reducing risk. It does this by managing investments automatically and spreading them across different yield-generating protocols.The project was introduced in 2020 and has since grown to work on multiple blockchains, amassing $22.9 million in TVL.
How Spool DAO (SPOOL) Works
Spool DAO offers the following products and services:
- Spool Smart Vault routes deposits into different yield generators in a risk-managed and yield-optimized way. It is similar to a managed fund, but users can set it up individually. The Smart Vault has an assigned strategy, a chosen yield generator, and a subset of selected Yield Generators. However, it does not hold user funds directly in the contract.
- SPOOL token is an ERC20 governance and incentive token. It is used for voting on Spool Improvement Proposals, incentive payouts, fee structure, risk model proposals, submitting Spool Improvement Proposals, and management of the DAO Treasury.
- voSPOOL is a non-transferrable, non-tradable token that acts as a voting power multiplier within the Spool Ecosystem. voSPOOL holders can vote on how 50% of SPOOL emissions are distributed across Spool Smart Vaults and on Spool Improvement Proposals. The token also serves as an indicator for tracking how long a participant has staked their SPOOL Tokens, thereby rewarding long-term participants. Acquiring voSPOOL is as simple as staking SPOOL, but withdrawing staked SPOOL resets accumulated voSPOOL to zero.
How Many Spool DAO (SPOOL) Tokens Are in Circulation?
The total supply of SPOOL is 210,000,000, among which 24,230,258 is in circulation.
How to Buy Spool DAO (SPOOL)
Consider investing in Spool DAO (SPOOL)? It only takes 2 minutes to create an account on Bitget and start trading SPOOL.
Check out the available SPOO L trading pairs on Bitget!
Spot market
Spool DAO (SPOOL) Resources
Simple 3-step guide to buying SPOOL today in Brazil
Create your free Bitget account
Select a funding method
Complete your Spool DAO purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Spool DAO using a payment method of your choice:
Buy Spool DAO with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Spool DAO order.
How to buy crypto with credit/debit cardBuy Spool DAO with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Spool DAO is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Spool DAO order.How to buy crypto via third-party gatewayBuy with bank transfer
Buy Spool DAO via bank transfer: We accept PIX for BRL payments. Services are provided by AlchemyPay and Banxa payment gateways. Click Buy Crypto > [Third Party] in the top navigation bar to place your Spool DAO order.Buy Spool DAO with the fiat balance in your Bitget account
You can Deposit fiat funds using the PIX payment gateway to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Spool DAO order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Spool DAO in your Bitget spot wallet
Bitget—where the world trades Spool DAO
How to buy Spool DAO for free
- Learn how to earn Spool DAO for free through the Learn2Earn promotion
- Earn free Spool DAO by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Spool DAO airdrops by joining On-going challenges and promotions
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FAQ
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