Congruent is a DAO operating on the Ethereum Network and is focused on governance solutions, or GovFi, which could include more effectively capturing governance value, increasing governance participation, improving governance efficiency, etc. By leveraging the collective power of the DAO to research across the governance space, valuable governance solutions and products can be designed to enhance governance efficiency and unlock value and income that may have been buried under mismatched resources or inefficiencies. This could mean allowing revenues on the platform to rise, which are then distributed to all governance tokens. Or, it could mean the scale of the platform grows, which means a rise in the value of its governance assets.

Congruent is essentially a Governance-as-a-service platform and Gaas is the platform’s own governance and value token. Users hold Gaas tokens in order to participate in Congruent’s governance and to receive income from Congruent.

Staking is the primary value accrual strategy of Congruent. Stakers stake their Gaas on the Congruent website to earn rebase rewards. The rebase rewards come from the proceeds from bond sales and on revenues generated by the Treasury.

Bonding is the secondary value accrual strategy of Congruent. It allows Congruent to acquire its own liquidity and other reserve assets by selling Gaas at a discount in exchange for these assets. Bonding is an active, short-term strategy. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore, bonding is considered a more active investment strategy that has to be monitored in order to be more profitable as compared to staking.