Madhavan MalolanPermissionless Hierarchy : A new way to look at DAOs.
DAOs are the biggest misnomer of web3. They don’t work, and no one seems to know how to make it work. Here, I present a view to challenge the way we look at DAOs to begin with. The take-away for me from 2 days of DAO discussions in Amsterdam is nobody has figured out how to manage the chaos to get anything useful done in a DAO. DAOs are today just a glorified Discord channel with no clear route to be either Decentralized (what does that even mean?) or Autonomous. “DAO” is a marketing gimmick....
Madhavan MalolanRequest to build - Decentralized NFT based lending protocol
A completely decentralized protocol that lets people borrow money from the treasury by producing an NFT. This is to be built on top of LooksRare, because LooksRare is decentralized and hence infinitely composable.Borrow at floor priceProduce an NFT from an NFT collection on LooksRare. The maximum amount you can borrow against the NFT is the minimum floor price of that collection over the last 30 days. You can only deposit verified collections’ NFTs - for securing the protocol. Open to any oth...
Madhavan MalolanRequest to build - A decentralized Audit Marketplace mechanism design
Auditing wait times on top audit firms are 9-12 months and expensive. We need something that is more participative and allows for new and yet-unproven security auditors. Here I propose a decentralized audit marketplace that turns the auditing process into a prediction marketplace.1. Select a juryA jury is usually reputed security engineers. This jury doesn’t do the audit itself, but only signs off a reported vulnerability as a real bug. There are 5 jury members selected for every audit. They ...
Founder [Questbook (YCw21)](https://questbook.xyz) Writing about things that need to be built in web3
Madhavan MalolanPermissionless Hierarchy : A new way to look at DAOs.
DAOs are the biggest misnomer of web3. They don’t work, and no one seems to know how to make it work. Here, I present a view to challenge the way we look at DAOs to begin with. The take-away for me from 2 days of DAO discussions in Amsterdam is nobody has figured out how to manage the chaos to get anything useful done in a DAO. DAOs are today just a glorified Discord channel with no clear route to be either Decentralized (what does that even mean?) or Autonomous. “DAO” is a marketing gimmick....
Madhavan MalolanRequest to build - Decentralized NFT based lending protocol
A completely decentralized protocol that lets people borrow money from the treasury by producing an NFT. This is to be built on top of LooksRare, because LooksRare is decentralized and hence infinitely composable.Borrow at floor priceProduce an NFT from an NFT collection on LooksRare. The maximum amount you can borrow against the NFT is the minimum floor price of that collection over the last 30 days. You can only deposit verified collections’ NFTs - for securing the protocol. Open to any oth...
Madhavan MalolanRequest to build - A decentralized Audit Marketplace mechanism design
Auditing wait times on top audit firms are 9-12 months and expensive. We need something that is more participative and allows for new and yet-unproven security auditors. Here I propose a decentralized audit marketplace that turns the auditing process into a prediction marketplace.1. Select a juryA jury is usually reputed security engineers. This jury doesn’t do the audit itself, but only signs off a reported vulnerability as a real bug. There are 5 jury members selected for every audit. They ...
Founder [Questbook (YCw21)](https://questbook.xyz) Writing about things that need to be built in web3
Share Dialog
Share Dialog
Subscribe to Madhavan Malolan
Subscribe to Madhavan Malolan
<100 subscribers
<100 subscribers
Happy new year!
Here is a very cool idea I have for an NFT collection.
Here are the rules
366 NFTs (one corresponding to each date on the calendar)
The person who owns a date NFT can change the text on the NFT (e.g. when Alice and Bob got married, when Charlie was born, when Bitcoin was first launched …)
The auction to buy a particular day’s NFT starts 48 hours before the date and ends 48 hours after the date in GMT
All the NFTs are displayed on a website along with the text
A website that has a calendar grid. On each calendar date, there is the date and the text set by the owner.
The NFTs open for auction are highlighted in some way.
These NFTs are displayed using an on-chain SVG generation.
On tapping on the NFT available for auction, the user should be able to place a bid on chain.
The winner of the bid should be able to withdraw/claim the NFT into their account.
If you are the owner of the NFT, and you tap on the date, you can change the text. This text is stored on chain
Metamask, WalletConnect, Phantom
3% to you
1% to madhavan
Ethereum - 1000 DAI
Solana - 5.5 SOL
Deadline 15 Jan 2022
Happy new year!
Here is a very cool idea I have for an NFT collection.
Here are the rules
366 NFTs (one corresponding to each date on the calendar)
The person who owns a date NFT can change the text on the NFT (e.g. when Alice and Bob got married, when Charlie was born, when Bitcoin was first launched …)
The auction to buy a particular day’s NFT starts 48 hours before the date and ends 48 hours after the date in GMT
All the NFTs are displayed on a website along with the text
A website that has a calendar grid. On each calendar date, there is the date and the text set by the owner.
The NFTs open for auction are highlighted in some way.
These NFTs are displayed using an on-chain SVG generation.
On tapping on the NFT available for auction, the user should be able to place a bid on chain.
The winner of the bid should be able to withdraw/claim the NFT into their account.
If you are the owner of the NFT, and you tap on the date, you can change the text. This text is stored on chain
Metamask, WalletConnect, Phantom
3% to you
1% to madhavan
Ethereum - 1000 DAI
Solana - 5.5 SOL
Deadline 15 Jan 2022
No activity yet