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The village reading room: three generations, a shiba, a cat, a tanuki and two robots among the bookshelves, poring over books and lit-up diagrams together.
The Library

Docs

How the index works, how decisions are made, and what the risks are — in plain language, with every term defined where it first appears.

Disclosure

Platform history & risk disclosure

Read this before you commit anything. It sets out how long Values DAO has run, what it has run through, and what can still go wrong.

History

Values DAO has been in operation for approximately six years and has continued operating through several significant periods of market volatility and stress, including the major crypto market decline in 2021, the prolonged bear market that began in 2022 amid rising U.S. Federal Reserve interest rates and major platform failures such as FTX, and the substantial market volatility and leverage unwind in October 2025 following unexpected tariff announcements that resulted in more than $19 billion in crypto positions being liquidated.

Values DAO's continued operation has been supported by its staking and rebasing mechanisms, treasury and monetary policies, community-governed adjustments to its treasury basket, and an established community of participants. Its ability to continue operating through multiple market cycles is an important part of its history, but past performance and longevity should not be interpreted as a guarantee of future performance or stability.

Values DAO is not a bank

Values DAO is not a bank, and funds or returns are not guaranteed. The value of $VALUES can increase or decrease, and participants may lose some or all of the funds they commit to the platform.

What the mechanisms do, and don't, protect against

The staking and rebasing mechanisms, together with diversification across the treasury basket, are designed to provide mechanisms that may help mitigate certain market and token-price risks. However, these mechanisms do not eliminate market risk, liquidity risk, token-price risk, or the possibility of loss. Diversification can reduce exposure to the performance of any single asset, but it cannot eliminate overall market risk.

Participants should therefore understand the mechanisms and risks involved before participating and should only commit funds they can afford to lose.