Liquidity Curation through Big Brains
As a group of world class experts in DeFi, the AladdinDAO Boule are responsible for identifying and voting the most promising DeFi projects and enabling AladdinDAO community members to enjoy the returns of their liquidity mining programs.
Voting Mechanism
Any project can apply to be listed on AladdinDAO. However the project needs to be nominated by at least one boule member to initiate voting process.
Boule members vote through ALDVOTE. They can either upvote, downvote or be neutral to a project.
For any project to be listed on Aladdin for liquidity mining, they must fulfill at least one of the following criteria:
Over 50% of boule members vote and a majority of the votes are “Yes”.
The percentage of “Yes” votes is 20% more than the percentage of “No” votes.
These criteria ensure that sufficient consensus can be achieved, given the high costs associated with listing new projects. They also prevent potential attacks and collusions during the voting process.
Since 31 OCT 2021, if boule think they don’t have enough information about the project or if they are neutral to the project, a neutral vote is added to the yes or no vote. Neutral votes will not be used to calculate boule member performance.
Here is the details about the new change:
https://snapshot.org/#/aladdindao.eth/proposal/0x85ddf0750dee14e450f10ea2e44645dd382b04f42daf5bb49e6647b0d5906fc2
Veto
Decision overturn: If any boule member strongly disagrees with the Boule’s decision, they can call for a vote by all ALD token holders. A decision can be overturned if the below conditions are met:
A quorum of over 20% circulating token holders participating
Over 51% agreement
Project 1: Juiced
The core of the Juiced protocol will execute a cash and carry trade on-chain. Such trades work by exploiting price discrepancies between the spot pricing of an asset vs its derivative price.
Website: https://www.juiced.fi
Whitepaper: https://www.juiced.fi/static/media/Juiced_Lite_Paper_002.9bf241e3.pdf
Twitter: https://twitter.com/JuicedProtocol
Discord: Juiced
Project 2: Maple
Maple is a decentralized corporate credit market. Maple offers borrowers transparent and efficient financing completed entirely on-chain. For liquidity providers, Maple offers a sustainable yield source through lending to diversified pools of crypto’s premium institutions. The Pool Delegates that manage these pools perform diligence and set terms with Borrowers.
Official Website: https://maple.finance
Github: https://github.com/maple-labs
Whitepaper: Welcome to Maple - Maple
Twitter: https://twitter.com/maplefinance
Discord: Maple
Telegram: Telegram: Contact @maplefinance
Here is some introduction about projects above in AladdinDAO’s Boule Research Meeting. Boule Research Meeting-7 18 Nov 2021 JUICED & Maple - YouTube
Juiced Introduction
https://youtu.be/mm2bJ5MnOsk
Maple Introduction
https://youtu.be/vPs8sIiEcqM
You may only cast one vote (either Yes/No/Neutral) for each project, otherwise it will be considered invalid. Only Yes and No votes will be counted as part of performance/rewards calculations.
Choices：
- Juiced Yes
- Juiced No
- Juiced Neutral
- Maple Yes
- Maple No
- Maple Neutral
