
My bounty submission for @0xTPH's #web3Fundamentals. Thank you @mayurrelekar and @ArcanaNetwork for an amazing session on "Building in web3". Here is my concept note for a web3 product idea: "Payments solution for DAOs". (1/n)
Why a payments solution for DAO? Due to its diverse setup & distributed organizational framework, DAOs find it difficult to maintain a database of contributors, working groups - allocate budgets and disburse timely payments. (2/n)
This concept document introduces a cross-chain payments solution with inbuilt DAO management system that lets a DAO admin track active contributors and automate & schedule payments to the contributors. (3/n)
Top features for DAO payments solution: - Database system for contributors - Configure primary tokens & additional tokens based on DAO treasury - Define pre-agreed expenses and contributions - Schedule & automate payments - Multi-sig wallet to enforce treasury management (4/n)
Drilling down sub-features: - Request payments for misc. expenses - Wallet login for contributors - Set up working group limits & treasury limits - and much more (5/n)
web3 native stack for development: - Data layer: Polygon, ETH (2nd pref) - File storage: Arweave - API Layer: Infura, Quick node, Arcana SDK - Wallet: MetaMask, cross-chain wallet support (phase 2) (7/n)
Link for concept note: Thanks for a great session. @MotwaniSuhas @adityamohanty_ @abhayjani4 @mayurrelekar WAGMI (n/n)
Follow us on Twitter
to be informed of the latest developments and updates!
Follow @tivitikothreadYou can easily use to @tivitikothread bot for create more readable thread!