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: Risk Harbor
Risk Harbor is a risk management marketplace for decentralized finance (DeFi) that utilizes a completely automated, transparent, and impartial claims process to protect liquidity providers and stakers against smart contract hacks and attacks
Website: https://www.riskharbor.com
Whitepaper: https://github.com/Risk-Harbor/RiskHarbor-Whitepaper/blob/main/Whitepaper.pdf
Twitter: https://twitter.com/riskharbor
Medium: https://medium.com/@riskharbor
Discord: Risk Harbor
Instagram: https://www.instagram.com/risk.harbor/
Project 2: NAOS Finance
NAOS Finance facilitates DeFi lenders and SME borrowers to allow both parties to interact in a permission-less manner on the blockchain. We enable the origination and funding of loans without traditional intermediaries. NAOS Finance provides lenders with stable and recurring income streams while also connecting the on-chain world with much bigger off-chain opportunities. Ultimately, our goal is to fully automate the tokenization of real-world assets and make them available as part of the end-to-end lending process through NAOS Finance.
Official Website: https://naos.finance
Whitepaper: Introducing NAOS Finance | NAOS Finance — Official Publications
Twitter: https://twitter.com/naos_finance
Discord: NAOS Finance (NAOS)
Medium: NAOS Finance — Official Publications – Medium
Github: https://github.com/NAOS-Finance
Telegram: Telegram: Contact @naos_finance
Here is some introduction about projects above in AladdinDAO’s Boule Research Meeting. Boule Research Meeting-5 4 Nov 2021 Risk Harbor & Naos Finance - YouTube
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.
Cast your vote
- Risk Harbor Yes
- Risk Harbor No
- Risk Harbor Neutral
- NAOS Finance Yes
- NAOS Finance No
- NAOS Finance Neutral
