The first version of ARTH was launched by MahaDAO in January 2021.
What is MahaDAO?
MahaDAO is a community-focused decentralized organization launching the world’s first value coin, ARTH, dedicated to solving inflation problems and bringing stability to the economy.
The Protocol employs a two-token system. The first being, ARTH a new type of currency designed to not be pegged to government-owned currencies (like US Dollar, Euro, or Chinese Yuan), but still remain relatively stable (unlike Gold and Bitcoin). Without being influenced by government-owned currencies, ARTH is backed by GMU(Global measurement Unit) and the Second token is governance token MAHA.
Since the team launched the first version of ARTH in January 2021 the team tried and tested different types of models to build a stable value coin until June 2021, whether it is a fully collateral-backed model, elastic supply model, Seigniorage Share model, or partial collateral model. The team tested all and finally got stability. It was foundation after which we can scale it through different products. here I remember a line by Paul Graham “In order to scale, you have to first do things that don’t scale at all”. This article will explain my experiences and journey of building a platform to scale the ARTH.
“In order to scale, you have to first do things that don’t scale at all”
After getting stability, the core strategy was to build a platform that can scale the ARTH ecosystem for larger adoption. That’s where the ARTH Loan came into the picture. A product like this had always been a part of MahaDAO’s long-term plan. A product where users can take the most advantage through value coin without worrying about volatility so building ARTH Loan from which users can take a loan with zero interest and generate ARTH with leveraged position would be the right and perfect opportunity to grow the market cap and users.
My Role and Responsibilities
I was the sole designer to work on an end-to-end process to design a cross-platform experience, a design system that allows us not only to design and build things more efficiently but also helps evolve the product faster multiple times a year.