"Community-owned" refers to a situation in which a particular asset, organization, resource, or property is owned and operated collectively by the members of a community.
In such a context, the community as a whole has ownership and control over the asset or entity, rather than it being privately owned by an individual or a specific organization.
This concept is often associated with various forms of communal or cooperative ownership models, where decisions and responsibilities are shared among community members.
The goal of community-owned initiatives is typically to promote shared benefits, democratic decision-making, and the well-being of the community as a whole, rather than prioritizing individual profit or control.
Examples of community-owned assets might include community gardens, co-op housing, or collectively-run businesses.
Community-owned businesses are enterprises that are owned and operated by the community or a group of individuals who share a common interest or goal.
Here are some examples of community-owned businesses:
Community-owned energy projects are initiatives where a community collectively owns and benefits from the generation and distribution of energy.
These projects are often focused on renewable and sustainable energy sources.
Here are some examples:
In a community-owned DeFi protocol, the ownership and decision-making power are distributed among a community of token holders. Here's how it might work:
Ownership. Liquid Loans does not have a central team that “owns” the protocol that collects fees, manages funds, or makes any administrative decisions. Rather, it is simply a piece of code that exists on PulseChain that users can interact with.
Revenue-Sharing. One hundred percent of the revenue of the protocol, generated by redemption and borrowing fees, is distributed to the LOAN Staking Pool rather than a central team. LOAN Stakers can be anybody who holds the LOAN token.
Governance. Liquid Loans is community-owned, but not community-governed. Rather, the protocol is governance-free. There is no DAO or other form of voting which allows an entity with 51% of the tokens to make all of the decisions of the protocol.
Community-Collateralized. The USDL stablecoin is collateralized by a decentralized network of vaults containing PLS. Therefore, it is a community-owned and community-backed decentralized stablecoin which does not rely on a central issuer for collateralization.
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Connor is a US-based digital marketer and writer. He has a diverse military and academic background, but developed a passion over the years for blockchain and DeFi because of their potential to provide censorship resistance and financial freedom. Connor is dedicated to educating and inspiring others in the space, and is an active member and investor in the Ethereum, Hex, and PulseChain communities.
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