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deck outline draft (shorter)
Junha Yang(양준하) edited this page Apr 5, 2023
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- On-chain governance DAOs: High gas fees, host chain risks, limited multichain interoperability
- Multi-sig wallet DAOs: Lacks trustless execution, decentralization, and programmatic business logic across multiple chains
- DAOs requiring trustless execution of governance while interacting with multiple blockchains
- Create a stand-alone BFT blockchain hosted by DAO members
- Offer trustless and fast communication channels for delivering messages from organization to multiple existing mainnets
- A blockchain engine for building standalone blockchains, similar to Cosmos SDK or Substrate.
- Designed for lightweight and sporadic node operations, allowing DAO members to practically host the network.
- P2P networking and consensus mechanisms support distributed and verified state machines among DAO members.
- Enables programmable business logic across a multichain environment (e.g., daily withdrawal limits across multiple chains)
- Natively supports trustless governance systems that execute voting results, unlike multisig-based DAOs
- Native support for multichain interoperability; Simperby protocol finalizes messages for execution on other existing chains (e.g., treasury withdrawals, token minting, interaction with other DApps)
- TODO
- Simperby envisions mass blockchain adoption
- DAOs not limited to Dapp governance but also catering to real-world organizations like charities, foundations, committees, parties, and guilds
- Organizations will address real-world problems, not focus on specific chains
- They will manage funds, interact with ecosystems, and control assets across multiple chains, remaining chain-agnostic
- Reliable infrastructure for multichain DAOs is essential
- Lead: Junha Yang (ex Head of Infra @ Hyperithm, ex core developer @ CodeChain, Cosmos IBC specification contributor, B.S. in CS, POSTECH)
- Team: Passionate open-source contributors, primarily from PDAO, a nonprofit open-source foundation and DAO operated by Simperby
- Multichain DAO infrastructure is crucial for real-world organizations
- Current DAO-building approaches (multisig and on-chain governance) have significant limitations
- Simperby protocol enables self-hosted, trustless, and multichain-interoperable DAO governance