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
This is basically me hijacking @abhilashi’s idea
“99% tokens to the community”
Here’s a spec doc for building a tool to quickly launch a DAO.
As soon as a person has an idea, they should be able to launch a DAO, a token and invite the community to come build it.
To create a dao
Pick an ENS domain you own
Hit create DAO
What it does
Deploys an ERC 20 token contract with
Name : ENS name selected above
Symbol : Same as name
Decimals : 18
Total Supply : 1M
mint 10K tokens to the Owner
has a function mint(address to, uint amount) public onlyOwner
checks if amount is still unminted
Only owner can mint
Emits mint event
Show who owns how much
Calculated using GraphProtocol based on mint event and transfer event
Display Pie by fetching data from GraphProtocol (Address : Tokens Owned)
Title : ENS name
Current value of the token on Uniswap
Buy token button, redirect to Uniswap
Twitter/discord/website links fetched from ENS. Supported links :
com.twitter
com.discord
com.snapshot
url
I’ll bootstrap this product with the product itself.
We’ll launch a dao using this tool, I’ll use it to give you 99% of the tokens
I’ll deposit my 10K tokens and 1ETH to provide liquidity on uniswap. So you can sell all your tokens to get 1 ETH today and much more in the future :)
Condition : needs to be open sourced on GPL or MIT lisence
This is basically me hijacking @abhilashi’s idea
“99% tokens to the community”
Here’s a spec doc for building a tool to quickly launch a DAO.
As soon as a person has an idea, they should be able to launch a DAO, a token and invite the community to come build it.
To create a dao
Pick an ENS domain you own
Hit create DAO
What it does
Deploys an ERC 20 token contract with
Name : ENS name selected above
Symbol : Same as name
Decimals : 18
Total Supply : 1M
mint 10K tokens to the Owner
has a function mint(address to, uint amount) public onlyOwner
checks if amount is still unminted
Only owner can mint
Emits mint event
Show who owns how much
Calculated using GraphProtocol based on mint event and transfer event
Display Pie by fetching data from GraphProtocol (Address : Tokens Owned)
Title : ENS name
Current value of the token on Uniswap
Buy token button, redirect to Uniswap
Twitter/discord/website links fetched from ENS. Supported links :
com.twitter
com.discord
com.snapshot
url
I’ll bootstrap this product with the product itself.
We’ll launch a dao using this tool, I’ll use it to give you 99% of the tokens
I’ll deposit my 10K tokens and 1ETH to provide liquidity on uniswap. So you can sell all your tokens to get 1 ETH today and much more in the future :)
Condition : needs to be open sourced on GPL or MIT lisence
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 ...
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Founder [Questbook (YCw21)](https://questbook.xyz) Writing about things that need to be built in web3
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