MagnetDAO

A founder-guided liquidity DAO on Algorand. Magnet ($U) serves as both the governance token and the base asset in all liquidity pools — connecting voting power, treasury deployment, and fee generation.

A Bazooka Labs Product

Magnet Token ($U)

ASA ID3081853135
Total Supply750,000 $U

Community

100

Holders

Liquidity Deployed

388,020 ALGO

Total TVL

Quarterly Cycle

1

Proposal Submission

Projects apply for liquidity support using the formal proposal template. Each must include project name, liquidity pair, capital requested, expected market impact, timeline, and known risks.

2

Community Discussion

Submitted projects are discussed openly in the MagnetDAO Discord. Members can ask questions, raise concerns, and build consensus before any vote.

3

Official Vote

At the end of each quarter, eligible proposals go to an official on-chain vote. Voting is weighted at 1 Magnet = 1 Vote.

4

Liquidity Deployment

Winning proposals receive treasury-backed liquidity. Treasury acquires the project token and pairs it with Magnet in a liquidity pool on the selected DEX.

Voting Rules

Mechanism

1 Magnet = 1 Vote. Token-weighted voting ensures those with the most exposure have the most influence — and the most at risk.

Eligibility

Any wallet holding Magnet tokens at the time of the vote may participate. No minimum holding required.

Timing

Official votes are held at the end of each quarter, after the discussion phase concludes in Discord.

Accountability

Larger holders carry more influence but also bear more downside if they support low-quality projects — creating built-in accountability.

Founder Authority

MagnetDAO is a founder-led system. The Founder holds final approval authority over all liquidity decisions. This authority exists to:

  • Protect the token's value from low-quality or misaligned deployments
  • Ensure treasury capital is deployed responsibly
  • Maintain operational stability during the DAO's early development

As the DAO matures and governance mechanisms strengthen, founder involvement in day-to-day decisions is expected to decrease while the proposal and voting system takes on greater autonomy.

When No Projects Apply

Rollover

Treasury funds accumulated that quarter roll over into the following quarter's deployment pool. No funds are lost.

Founder Nomination

The Founder may manually nominate projects for community consideration, which then follow the standard discussion and voting process.