[TO BE ADDED] This is a poc platform to demonstrate the use of dao voting and privacy blockchain.
- Researcher (Scientist)
- Donor
- Approver
A researcher submits a proposal to donors, who then vote on its approval within a specified time frame (e.g. 24 hours). If the proposal meets or exceeds the required threshold before the deadline, an approver steps in to finalize the decision and enable fund transfer to the researcher.
Donors can contribute USDC to a shared pool, earning a Governance Token for each dollar staked (1:1 ratio). As a token holder, donors gain voting power on proposals, with the option to influence the outcome. When a proposal reaches the required threshold within the specified time frame, it is presented to an approver for final review and approval.
Approvers play a critical role in validating proposals and ensuring funds are allocated responsibly. They review approved proposals and facilitate the transfer of funds to researchers after exercising their discretion to approve the proposal.
To move towards a fully decentralized, trustless on-chain approach, we aim to integrate with external automation tools such as:
Chainlink Automation: Utilize their cron job capabilities to automate the approval process based on predefined conditions.
Layer 0: Leverage their on-chain logic and automation features to create a more robust and decentralized approval system.
Other Blockchain Interoperability Solutions: Explore integration with other blockchain-based interop solutions to facilitate seamless automation and approval processes.