Birth: Sowing a New Order in the Ruins of Trust

Early discussions were fraught with gunpowder - some lambasted agreements such as OlympusDAO for "covering up the essence of capital monopoly with the cloak of algorithmic stability", some questioned MakerDAO stablecoins "relying on a single asset as collateral, which is no different from centralized fiat currencies", and more bluntly: "The current DeFi is just moving the Wall Street game to the chain and changing the vest." But after the anger, they reached a more important consensus: instead of criticizing, it is better to build an ecosystem that "truly belongs to the community".

The team decided to stand on the shoulders of giants, but never repeat their old path. They borrowed from OlympusDAO's elastic supply framework, but cut off the core goal of "maximizing treasury assets" - "community incentives are the root of ecology"; they referred to MakerDAO's stablecoin logic, but abandoned the risk model of "single asset mortgage" - "diversified mortgage can resist black swans"; they even overturned the traditional model of "project-led development", declaring from the first day: "The code is open-source, the governance rights belong to the community, and the core team has the same voting rights as ordinary users."

In 2025, LynkCoDAO was officially launched in the form of "global fair launch": no pre-mining, no private placement, 100% destruction of Genesis LP, and each LNK must be obtained through community pledge or bond subscription. At the launch ceremony, community members from more than 20 countries jointly minted the first LNK on the chain. At that moment, the smart contract automatically recorded this moment - this is not a company's product launch, but a collective declaration of global consensus.