Vision.

Dear Dao Duck Family,

As we reflect on the events of 2023, I am pleased to provide you with our annual report, outlining the key developments, achievements, and future prospects for Dao Duck.

The past year presented unique challenges and opportunities for our community. Despite a slower pace and decreased market activity, we are proud to announce the successful implementation of a groundbreaking borrow facility. This innovative feature allows our esteemed holders to leverage their Duck NFTs, unlocking up to 0.09 ETH per duck at a highly competitive rate—equivalent to approximately $200 USD per duck. With many of our holders possessing around 5 ducks, this facilitates the potential to access $1000 USD seamlessly, without the need for credit checks or unnecessary bureaucracy.

In the first quarter, I dedicated efforts towards promoting our agency, specializing in the integration of trading analysis into communities through the expertise of our financial analysts. Regrettably, the generated revenue during this period amounted to $600 USD. Although the DAO did not directly benefit from these proceeds, I extended gratitude to Percy and Furkan for their invaluable contributions.

Our successes extended to the DAO vault, where we strategically invested in BTC at an average entry price of $27,000 USD, yielding promising returns. Furthermore, we generated just under 0.8 ETH in a year through staking, showcasing the robust performance of our investment strategy. We also divested a portion of our USDC holdings into promising L2’s and L1’s.

The launch of our $5 mint project, Pondverse, in collaboration with Krenskiy, garnered attention and excitement, particularly with the showcase of Krenskiy's art. The burns associated with this project generated considerable buzz and engagement within our community. The project also generated 0.635 ETH for our Vault.

The integration of Dao Duck collections into the Metaverse, notably through Pixels, proved instrumental in expanding our reach. Special recognition goes to Ragpoet, a Dao Duck holder and a pivotal member of Pixels' Integration team, for featuring our ducks in events and promotional material on Pixel's Twitter. Additional thanks goes out to Nope and Portuga for being active members within Pixels using our ducks as avatars. Furthermore, being holders of land, our DAO has generated 0.83 ETH paper profit via our holdings.

Across all collections, the total secondary volume reached 1.3553 ETH, equivalent to approximately $3,000 USD.

In WEB2, I embarked on a business venture in Melbourne, which generated a quarter-million in revenue. My vision includes integrating Dao Duck into this business to synergize my two greatest passions and benefit our community. While details remain confidential for now, rest assured that Dao Duck remains at the forefront of my daily considerations.

I want to emphasize that there is no obligation to hold, and the concept of paper hands is nonexistent. Feel free to fill in the burn form at your convenience and claim your 0.116 ETH per duck.

Looking ahead to 2024, our focus will be on re-evaluating our positions, expanding our portfolio through staking, forging strategic partnerships, and seamlessly blending Dao Duck with my pre-existing business in Melbourne. I envision Dao Duck evolving beyond digital products, representing a tangible claim on real-world assets.

Dao Duck is a lifetime commitment, and I invite you all to join me for this exciting journey.

Sincerely,

Mike

Founder, Dao Duck