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
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Hamburger is a word play on Harberger Tax
A community of NFT holders who are paying rent to be a part of the community - and a permissionless NFT marketplace.
Inspired by Nouns project and Harberger Tax
No auction, FCFS.
One NFT can be minted from the contract every 24 hours.
You must pay 1% per month rent on the value of the NFT you own.
You can pick the value of the NFT yourself, while minting.
This price is stored on-chain.
Start streaming the money from owner to Hamburger treasury using Superfluid or payment channels.
If the owners’ Superfluid wrapped token wallet is empty, anyone can take over the NFT by paying 0 price - and claim it into their own address. The buyer can then set the value of the NFT and start streaming the rent to the treasury.
If anyone pays a price higher than the value of the NFT set by the owner, the NFT will be transferred automatically to the buyer. The buyer will then set the value see appropriate for the NFT and start streaming rent to the treasury.
TL;DR : Set the value of your NFT and pay 1% rent. If someone offers a price greater than the value you set - you must sell.
The rent is collected in a treasury. The holders of the NFT can vote on proposals on how to spend the money from the treasury.
Mint
mint(uint tokenId, uint new_nft_value) public
// claim NFT from owner who has stopped paying rent
claim(uint tokenId, uint new_nft_value) public {
// if streaming rent inactive
// transfer NFT
}
buy(uint tokenId, uint new_nft_value) public payble {
// if nft_value[tokenId] < msg.amount
// transfer NFT
}
DM me at @madhavanmalolan
1ETH bounty :)
Required condition : Simple but sleek UI, innovative NFT art work
Hamburger is a word play on Harberger Tax
A community of NFT holders who are paying rent to be a part of the community - and a permissionless NFT marketplace.
Inspired by Nouns project and Harberger Tax
No auction, FCFS.
One NFT can be minted from the contract every 24 hours.
You must pay 1% per month rent on the value of the NFT you own.
You can pick the value of the NFT yourself, while minting.
This price is stored on-chain.
Start streaming the money from owner to Hamburger treasury using Superfluid or payment channels.
If the owners’ Superfluid wrapped token wallet is empty, anyone can take over the NFT by paying 0 price - and claim it into their own address. The buyer can then set the value of the NFT and start streaming the rent to the treasury.
If anyone pays a price higher than the value of the NFT set by the owner, the NFT will be transferred automatically to the buyer. The buyer will then set the value see appropriate for the NFT and start streaming rent to the treasury.
TL;DR : Set the value of your NFT and pay 1% rent. If someone offers a price greater than the value you set - you must sell.
The rent is collected in a treasury. The holders of the NFT can vote on proposals on how to spend the money from the treasury.
Mint
mint(uint tokenId, uint new_nft_value) public
// claim NFT from owner who has stopped paying rent
claim(uint tokenId, uint new_nft_value) public {
// if streaming rent inactive
// transfer NFT
}
buy(uint tokenId, uint new_nft_value) public payble {
// if nft_value[tokenId] < msg.amount
// transfer NFT
}
DM me at @madhavanmalolan
1ETH bounty :)
Required condition : Simple but sleek UI, innovative NFT art work
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