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Chelo

Chelo is a service allowing DAOs to use their treasury to lend money to their members.
Check out Chelo nowLeave or read reviews now

Supported blockchains

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Chelo

Overview

What is

Chelo

?

Chelo is a service built specifically to help DAOs better help their community.

Specifically, Chelo helps with ready-to-deploy tools that give DAOs the ability to lend parts of their treasury to their member base, potentially offering those users the collateral they need to start something new.

Chelo

fees

Taker fee =
Maker fee =

Chelo

supported currencies

Website
Chelo
Twitter
@Chelofinance
Available in the US?
Yes
Year founded
Accepted payment forms for
Chelo
No items found.

Pros

  • Uncollateralized loans
  • Collateralized loans

Cons

  • Lending to community can be risky

Features

  • DAO voting on funds

Chelo

Review

What is Chelo?

Chelo is a service that helps DAOs better serve their members by letting members borrow from the DAO treasury.

With Chelo, you can establish uncollateralized loans based on trust, or collateralized loans based on the value of the tokens or NFTs members hold.

What problem does Chelo solve?

DAOs have emerged as one of the more intriguing aspects in Web3.

Unlike traditional business that have a centralized decision making entity, decisions within DAOs are voted on by members of the community.

Community members make proposals and those within the DAO can vote on whether or not to action it.

It's a democratic approach to business.

Often, the value for users is the tokens they hold that offer membership to the DAO and the ownership stake these provide.

However, if someone needs more collateral to pursue a new venture, they have to look outside of the DAO.

it's a huge hole in the model.

DAOs often create very tight knit communities with similar goals. However, support -especially financial - can be difficult to come by within a DAO.

This is what Chelo is attempting to solve.

With Chelo, DAO members can make a proposal to borrow a certain amount of funds.

These funds can be drawn either from the assets other DAO members hold or from the DAO treasury.

DAO members vote and, if successful, the petitioner is lent the funds to pursue their venture.

How to get started with Chelo

Chelo is still in closed beta. however, you can reach out to the Chelo team to see if you could work together.

Head to their site and click on the "Contact" button in the top nav bar.

From there, you'll see the below form which will allow you to reach out to the team directly.

How to use Chelo.

You could also join their Discord community to learn more about what they're doing.

Chelo contacts details

You can get in touch with the Chelo team through their website or through the below channels.

Chelo Twitter

Chelo LinkedIn

Year Founded: 
Check out Chelo now
@Chelofinance

Customer Reviews Of 

Chelo