Arda: A StableETF for Global Flourishing

Arda is a vision to evolve crypto from being a tool for individual gain into a mechanism that drives the world's flourishing. The Arda StableETF ecosystem does not exist to facilitate commerce, power DeFi, or encourage speculation on price actions. Instead, to own ARDA share tokens is both to make a statement about the state of world and to have an active stake in its evolution.

Arda leverages the power of decentralized finance to disintermediate the bringing a global vision to reality.

At the most basic level, we do this by linking the price of ARDA share tokens to data related to human flourishing, social cohesion, and global wellbeing. As the world grows happier, kinder, freer and healthier, the price of ARDA share tokens rises; when the the world is in pain and stumbles on this path, the share token prices fall. The pillars of Web3: tokenization and decentralization, will be the mechanisms by which the Arda community collates resources and directs them towards efforts that drive the change we collectively choose to support.

In this way, Arda seeks to be the decentralized mechanism for translating our values as a global community online and on-chain in order to drive focused deployment back into the world.

We believe that crypto's impact should not be limited just to economics, but should serve as a means to translate our visions, beliefs and values from our individual selves onto the blockchain, and from the blockchain out into the real world. Our goal with the Arda StableETF is to quantify and champion the progress our global community makes towards a better shared future.

How could this look in practice? Leveraging the power of decentralization and collective action, the Arda StableETF ecosystem organized as a DAO, would have planetary-scale firepower to combat global hunger, fund the search for life-changing medicines, fight destructive deforestation, and finance the lobbying of governments for positive social change.

A decentralized Arda community would have the power to translate the will of the collective community into real change in the real world.

This is a turbulent time in Web3 in which trust has been shattered. We are aware of this and seek to be trustless but not untrustworthy. Arda will accept no outside institutional funding of any kind.

Think of Arda as the StablETF for Global Flourishing

The rest of this whitepaper lays out our vision for an underlying concept that we believe can change the relationship between technology and human sociopolitical expression. The current tool we are looking to use combines the TradFi concept of an Exchange-Traded Fund (ETF) with the DeFi concept of a stablecoin. However, we are not wedded to the means by which we achieve these goals. Over the long-term, our aim is to lean on the collective intelligence of a community to drive the evolution of what we outline in these pages.

We cannot wait for you to join us on this journey.