From 91186faaa80a644a5b62787f8e2c26ff2d3185e9 Mon Sep 17 00:00:00 2001 From: luzzif Date: Thu, 17 Sep 2020 18:10:14 +0200 Subject: [PATCH] feat: add aragon futarchy proposal --- Proposals/aragon-futarchy.md | 134 +++++++++++++++++++++++++++++++++++ 1 file changed, 134 insertions(+) create mode 100644 Proposals/aragon-futarchy.md diff --git a/Proposals/aragon-futarchy.md b/Proposals/aragon-futarchy.md new file mode 100644 index 0000000..68a3216 --- /dev/null +++ b/Proposals/aragon-futarchy.md @@ -0,0 +1,134 @@ +# Project Overview + +## Project name + +Aragon futarchy + +### Team members + +- Federico Luzzi ([Github profile](github.com/luzzif)) + +### What project are you building + +An Aragon app to empower DAOs decision-making processes through futarchy. + +### Why did you decide to build it + +I first participated in the Fork the World hackathon with an Aragon prediction +markets app. The original idea was to help all DAOs (or at least Aragon-based +ones) to make better decisions through the use of prediction markets (where one +really has to put money where their mouth is, in order to express their thought +on a governance matter). + +The project was soon to be reduced in ambition though, due to the scarcity of +time at my disposal, and due to the fact that I decided to develop it alone, +without a proper team (i.e. I actually underestimated the effort that I had to +put in). + +Now that time constraints are not much of a problem (even though they're still +there), I'd like to expand on the ideas that I originarily had for the project, +and give Aragon DAOs a full-blown futarchy app. + +### How long will it take + +Probably not less than 2, or even 3 months (so, pretty much ETA would be by the +end of the year). + +### How much funding are you requesting + +4800 USD. + +### How did you hear about the GECO + +After winning the Fork the World hackathon with a reduced version of the to-be +project, Graeme Barnes contacted me to give me the possibility to expand on my +work through the GECO program. + +## Your Proposal + +### Project description + +As I previously said, the end goal is to give Aragon DAOs the possibility to +carry on governance duties through futarchy, by setting up prediction markets +allowing to carry out specific actions (treasury funds unlocking, +DAO-proprietary token minting, recruitment and more) when a given market +resolves with a certain outcome, exploiting the tight Aragon's ecosystem. + +### Features + +Aragon apps are implemented using Aragon OS on the blockchain contract side, and +Aragon UI on the frontend side, exploiting event sourcing to get data from the +blockchain and display it to the user, producing an overall smooth experience. + +### Team description + +I'm a one-man-team. My dream has always been (at least from the beginning of +2017, when I first got to know BTC) to work in the crypto-space, and during the +COVID pandemic, I decided it was finally time to give it a real go. I +participated in a Loopring bounty on Gitcoin which had the goal to build them a +new, shiny frontend for their Loopring Pay protocol and won it, and shortly +after I enrolled in the Fork the World hackathon with my Aragon prediction +markets app, winning it as well. + +From that point on it's all been incredible. The work produced on my first +bounty has now been carried forward by me and the dxDAO and has become Rails, +a webapp for fast, secure and gasless crypto micropayments ran through the +Loopring Pay protocol. You can test out the project and see what it's all +about (even on the Goerli testnet if you want) [here](https://dxdao-rails.netlify.app). + +Since Loopring was pretty impressed with the frontend I built for them they then +contacted me to develop an Uniswap-like interface for their currently order-book +based dex (with the goal to abstract the order-book complexity away from the +user, improving the UX in turn). It's recently been released, and yo can find +it [here](https://swap.loopring.io) + +### Timeline, Milestones and Deliverables + +**Phase I**: Make users actually own the conditional tokens they trade. + +**Deliverables**: Right now, when an user buys a given conditional tokens, they +don't own it. That's because everything is governed by the Aragon app's +contract, which owns all the tokens and keeps track of which parties own how +many and which tokens. This is obviously bad, since as a user, I'd want to have +my own tokens in my own wallet. The current approach is both error-prone (it +adds unnecessary logic to the SC) and not particularly secure (a severe bug in +the SC code could make a malicious actor get ALL the tokens, for example). + +**Time and Price Estimate**: roughly 1 week, at a price of 800 USD. + +--- + +**Phase II**: integrate a proper independent and decentralized oracle to +determine market outcomes. + +**Deliverables**: right now, the market's creator can close the market whenever +he wants and choose whichever outcome he wants, even maliciously (this was done +to have a PoC for the app, due to the lack of time). The goal here is to use +Realit.io and Kleros to determine correct market outcomes in a fair way. The +approach will be very similar and inspired from the one Omen uses today. + +**Time and Price Estimate**: roughly 2 weeks, at a price of 1600 USD + +--- + +**Phase III**: make use of every possible ERC20 token as collateral. + +**Deliverables**: right now, only WETH is supported as a market collateral (and +even worse, it is supplied as raw Ether when collateralizing a market and +returned as wrapped Ether when redeeming positions, which clearly has to be +fixed). The goal here is to make it possible for a market creator to +collateralize a market with any ERC20 token at their disposal (even the DAOs +proprietary token). + +**Time and Price Estimate**: roughly 1 week, at a price of 800 USD + +--- + +**Phase IV**: integrate with other Aragon apps. + +**Deliverables**: the goal here is to make the app what in Aragon is called a +forwarder, by effectively being able to attach EVM scripts to the creation of a +given market and execute them only if the market resolves with a certain +outcome. + +**Time and Price Estimate**: roughly 4 weeks, at a price of 1600 USD