Breadchain Cooperative

The Breadchain Cooperative builds Solidarity Primitives - development tools which help to forge solidarity between individuals and collectives. The first solidarity primitive created by the Breadchain Cooperative is the BREAD community token found on the Bread Crowdstaking Application. The Crowdstaking Application is a smart contract on Gnosis Chain that accepts a user’s xDAI and turns it into sDAI. In exchange, stakers receive BREAD tokens, minted at a 1-to-1 ratio with the collateralized xDAI. All of the interest earned on the sDAI is helps fund the collective and its various member projects based on a monthly vote from BREAD holders. The Crowdstaking Application functions as a fundraising engine for the Breadchain Cooperative, while the BREAD token acts as a local currency within the ecosystem, promoting financial sustainability. Additionally, BREAD holders are able to to vote on how the yield generated from the sDAI is distributed among the projects part of the Breadchain Network every month. At the moment this includes the Crypto Commons Association, Labor DAO, and Symbiota Coop in addition to the Breadchain core developers and shared Breadchain treasury. The primary infrastructure being built at Breadchain is to ask ourselves what if progressives had their own community currency and credit union? Where would we decide to put resources towards to build a post-capitalist political economy?