CitadelDAO: the Bitcoin bank of Defi

Etherpyr
8 min readFeb 11, 2022

In this article you will see how the CitadelDAO aims at becoming a whale bank for bitcoin along the way of the DAO. and Why the citadel is an important aspect of the metaverse ecohmony. But first, the 3 wise badgers have a greeting for you.

Welcome to the Citadel, the great wise badgers chant in accordance

“The year is 2141 society barely tidy and the tides of man screamed as the noise of the cryptocurrenseas blared so loud. fiat dola was no more.
only was their cryptocurrency and land in both uni and meta-verse.
We rhymed in history and went on through the mystery of the metaverse to find peace in the land of uni ty.
we welcome you to the Citadel, where the bitcoin mountains stream of sustainable yield is the peoples currency owned/built by you, for you, the people of the citadel everyone having their fair share of satoshis vision of btc and no not the bitcoin sv, I mean the real message of what bitcoin stood for.”

CBadger takes a step forth and in one giant breath he says:

it was not like that day in 2022 when the first remnants of the more ancient Citadel was found, still in the ruins of its former glory.
that is the day we came from the diggweb3 tunnels to repair and rebuild the the lost cityadel

The Citadel is the first form of competitor to the alliance between OHM and BTRFLY

though we have a twist and here in the citadel, there is a mountain of digital gold, and the badgers love gold, they bounce up and down chanting their species name and praising the gold.

Olympus has an aim of becoming the metaverse reserve currency
Redacted aims to be its black hole and generate yield spice for the reserve currency Ohm

Even though it may seem like the badgerDAO is at ‘war’ with Olympus & Redacted because its playing the game of the liquidity wars, CitadelDAO aims to be a form of bank for digital gold.

we once backed our fiat money by gold?
then back by nothing but trust?
we backed bitcoin by nothing but trust in some shadowy metaverse dweller named apparently ‘satoshi’, who is the most undoxxed dev of all there is.
we dont even know what his twitter handle is, and now we have semi-doxxed builders being in the metaverse community as their online avatar, but we dont need to attach our universe identity if we dont want too? decentralized rights, right?

if we rhyme in the history books and back our digital money by digital gold. the citadel is the first aim at that, and this digital gold generates some interesting yield that is given towards all the citadel dweller dollars. (tongue tied)

In the end, the Citadel, Redacted and Olympus go hand in hand for the metaverse world of cryptocurrencys.

he bows & steps back

The Butterfly badger begins with a soft breeze

CitadelDAO is like Olympus and Redacted in the form that CitadelDAO is the BTRFLY for BadgerDAO, with dividends paying you back in gold and yield bearing assets from the convex curve blackholes.
its like double dividends to be apart of the citadel, we could call the convex spice the bread? the citadel serves you bread and gold.
this makes me wonder if i the butterfly badger, is the silver? he thought to himself

CitadelDAO being a SUB-DAO of BadgerDAO they can combine their liquidity spice

olympus and redacted owning just shy of 2 million convex

Badger owns just under 1 million, though the citadel is still being born.

He hands you a note~

2 forces combining together, creates an effect to create another alliance, i guess thats the butterfly effect, and with that comes war and peace. which way will you steer that ship?

the badger citadel aims to find new streams of yield & expand its lands far and wide in the future, but that is a story for a later season

BadgOHMer, the governor badger of the Olympus council spoke:

the CitadelDAO is using our form of technology in order to grow this mountain ore of gold, to have a share in the gold and a sustainable yield from its goldmine in the heart of the lands.
the lands going through their seasons, the badgers song always sings on, gold is in-finite and the first cryptocurrency reserve currency needs a bank, though we know we will cause loud tidal emotions of man kind rock the boats on the way to our destinations, together in 3,3 we can achieve.

the BadgOhmer hands you a scroll with a heading of
a Brief idea behind the aim of the Citadels launchvision:

it aims at becoming a kingdom of bitcoin, with a focus on the DAO as a way forward into satoshis true vision of decentralization, owned and governed autonomously, no one central source.

how does the citadel intend to achieve that?

through the olympus mechanics of bootstrapping treasury assets of Bitcoin and convex at launch and most likely more in future as the tides of the meta narratives sway.

why these tokens?

in simple, convex to earn sustainable yield on stable farms
bitcoin, to use the badger dao vaults to to use bitcoin to generate yield in curve and convex
Badger generates yield from the mountains gold ore and spreads it thru the plumbing of the citadel to give the badgers fresh gold, so all day long the badgers can chant their song. “badger badger badger mu…”

(this scroll does not go into detail about all of that — if your the more curious about the mechanics, you can read here… about how citadel aims to use these assets to generate sustainable yield and treasury growth
https://thecitadeldao.medium.com/introducing-the-citadel-dao-551849104d26)

what we are heading up against out there in the crazy world of the metaverse, where the world wide web 3 liquidity wars began to rage on in the year of 2022?

olympus and redacted own a 2 million supply in convex spice.
badger alone, half that.
so we can ‘assume’, ~ tho never trust a pirate
that through the success of what the butterfly has achieved.
The metaversians are declaring this is something we want to see, world wide web 3 liquidity wars and the DAOs are the ‘ship fighters’ for the current seas 😉
it will seem like a giant war at first for the dominance of the convex spice, though in the end the both go hand in hand and 3,3 together the reserve currency olympus and the gold bank of the badgers.

Launch details coming soon: follow their twitter for updates 👇
https://twitter.com/TheCitadel_DAO

what came next was the builders stepped forth and these builders had a track record of success in the BadgerDAO
“im gunna be a builder” ~ Emmet — the lego movie

badgerdao appeared from the diggworld wide wide web3 defi summer of 2020, when defi became the new craze of typhoon that anything attached to defi went up.

“dont mind the big dip on the marketcap on the right, thats just coingecko doing update or something”

price is at $10 support levels from its launch date, potential scoop lower liquidity but bullish above $14 or after the scoop.. dont catch a knife

the team at badger dao, planted a seed when from launch they grew the BadgerDAO to 400 million marketcap (at peak), and of course been in sideways movement ranging for over a year, waiting for the seed of the DAO to sprout.

the badgerDAO rests currently at a 100 million marketcap while olympus a 700 million — though at the launch of redacted a 2 billion.

market conditions are different now and the comparison between the sizes of each alliance dao may have an influence in the beginning launch phases of the Citadel (Im not here to gas up the prices of 100x moon potential, but rather showing you the potential vision of the Citadel. Market cap is not the point, the tides of human emotions are)

may even the Citadel DAO get a first competitor edge?

think about Mcdonalds and Hungry Jacks (or your equivalent countries 2 major food chains). exact same thing, slightly different, though both just as successful and go hand in hand?

Yes, but what about OHM fork ponzi season of 2021, where the world had fallen into the depths of greed chasing all the numbers in pie?

what olympus had spawned, unfortunately came with it hoards of greedy zombies in search for the highest 0’s in their ay pee whys.

the metaverse become plagued of the secret spice behind what makes olympus dao the way. the way forward in cryptocurrency — embracing the metaverse dollar ohm in 3,3 a balanced currency in defi.

what makes olympus special is the way it brings people forward around an idea, a way that can be governed and directed by the will of the community. unfortunately, yes we’ve seen the 0xsifu rug and plenty other ponzi rugs and many made and lost fortunes (the seas are unforgiveable to those who let their emotions dictate their decision ships)
look at sifu, even though he took 100s of eth into the tornado cash, the community still there half wanting to move forward and the other just wanting to move on, pretty interesting to see the bigger blessing in all of it in hindsight when we look back in 3,3 years at that very event.
many got rugged by the ponzi rugs and wound up staking their ohm as the vision became revealed and all the pozni imploding, metaversians found hOhm

why should CitadelDAO matter to you?

think of the bigger, much broader, more cosmic vision — where what satoshi had created was a way to ‘unite’ the people of the world around a form of currency, ends up becoming governed by centralized corporations, unfortunately/fortunately banks and countries are aping into these web3 assets. will this wealth gap continue to divide or can the DAOs hold the balance and bring unity too both meta and universe?

Olympus aims at being a reserve currency in the world of defi
will we need a a vein of gold to mine wealth in the digital age?

why don’t we create a decentralized bank for us all to store our bitcoin and with our citadel credits we can all share and utilize that very bitcoin to continue to grow together as humanity in the universe and the metaverse.

one day maybe
ohm x btrfly & badger x citadel will go hand in hand and 3,3 together.
against 2 other pairs of alliances on a different layer of chains? wouldnt that be a sight too see, so hey please tell me what its like in year of 2141, i am curious too see where this path may lead…

~ scroll signed by the delfi pirate

if you are inspired and can see the vision of the badgerDAO and how your choice now can effect the future then check out their socials & join the discord!

CITADEL DAO TWITTER: https://twitter.com/TheCitadel_DAO
BADGER DAO TWITTER: https://twitter.com/BadgerDAO

DISCORD FOR CITADEL: https://discord.gg/HyKHAWWu

if you thought the story of the narrative was interesting, would love your thoughts ☀️
the delfi pirate twitter: https://twitter.com/PythagorOhm

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Etherpyr

sailing the cryptocurrenseas, researching the ethernet of defi