DAOrayaki Research | DAO Project——SubDAO:

DAOrayaki DAO Research Grant:

Fund Address: 0xCd7da526f5C943126fa9E6f63b7774fA89E88d71

Voting Result:DAO Committee Yes

Grant Amount:170 USDC

Category: Polkadot, DApps, Substrate framework, Web3.0, APY subsidies.

Contributor:Jones,  Julie @Daorayaki

Token name: GOV token which stands for governance.

Introduction:

SubDAO Network is a Polkadot-based DAO management platform developed using the Substrate framework, that comes with different functionalities such as: DAOs creation tools, funding pool management, voting to personalization and that is to assist DAO creators and participants. Such a network provides the ability to build and manage DAOs in a more flexible and accessible way. Below we list the different goals of SubDAO Network:

  • Cross-chain platform providing.
  • Provide various management functionalities for DAO governance.
  • Guarantee a reliable connection with DApps.
  • Allow the accessibility off the off-chain external data.

Team members:

The SubDAO’s members come from various fields that cover development, management, and cryptocurrency. We listed them as follows.

Wang Qiang:

  • Technical Contributor.
  • Chief Solution Architect in Tencent.
  • Former Team Lead in IBM.
  • Core Developer of Smart Coult / HSLT.
  • Code Contributor of KVM.
  • Community Contributor in RedHat.

Humphrey:

  • Community Contributor.
  • Graduated from Peking University.
  • Co-founder of PAKA Fund.
  • Investor in many early projects of Polkadot.

Marvin Tong:

  • Technical Contributor.
  • Founder and CEO of Phala Network.
  • Former Product Manager in Tencent.

Owen:

  • Community Contributor.
  • Stafi Co-founder.

Da Jun:

  • Technical Contributor.
  • Former Senior Software Engineer in Alibaba.
  • Core Developer of Wetez and StaFI.io.
  • Over 12 years of experience in Development.

Sand:

  • Community Contributor.
  • Founder of Pola Warriors.
  • Founder of Dotmarketcap.

SubDAO governance mechanism:

Governance mechanism is considered one of the essential parts since that the value of a DAO relies on many governance aspects such as: fund size, member count, and the frequency of the governance activities, the bigger they are the more valuable and successful a DAO is. For this reason, SubDAO adopt the following DeFi design known as the “Genesis Farming” into consideration:

  • The SubDAO platform provides APY subsidies to pools in its native token GOV.
  • The subsidy is based on LP token generated from pools. Meanwhile, LP token and native token can be combined to farm in the GOV pool with a high APY, therefore providing multiple reward sources.
  • High APY will continuously attracts DAO organizations and that is to handle the cold start of the project and to establish a user base.

A total of 7% of the tokens will be distributed to 5 different Genesis Farming pools, where a whitelist application mechanism is adopted to grant a farming GOV rewards to the DAOs that successfully passed the application. Below we list the 5 types of DAO farming pools:

  • Foundation-based DAO.
  • Community-based DAO.
  • DeFi-based DAO.
  • Art (NFT)-based DAO.
  • Developer-based DAO.

The whitelisted DAOs will need to inject their assets under management into the pool as the first procedure of farming, where each member of these DAOs will achieve a DAO Share according to the investment that he made. Also, this kind of Share can be inflated by adopting governance voting. Moreover, SubDAO will automatically issue rewards on a daily basis based on each DAO’s Share holdings. Meanwhile, Genesis Farming rewards are issued within 6 months, with the distribution volume declining each month. While the GOV rewards are considered to be completely dependent on the DAO’s fund size. In addition, SubDAO will create supplemental pools for the staking of one Share token (each of the 5 pools) and GOV and that is to get high APY rewards,.

SubDAO incentive mechanism:

SubDAO Token:

GOV, is the native token of the SubDAO network, where the total supply of GOV is 1 billion, with an annual inflation rate of 5%. ThenSubDAO tokenomics model is divided into three major objectives:

  • Slot Auction: Mainly for SubDAO Network securing.
  • Incentive the development of DAO.
  • Governance: The governacne of SubDAO network.

GOV Token Distribution:

  • The Gov Token of SubDAO is distributed as follows.

SubDAO Para-chain:

The main reason behind adopting Para-chain is to let validators validates blocks for the SubDAO para-chain, which leads the SubDAO team to be completely focused on building the SubDAO ecosystem rather than getting distracted by the solo chain node incentive and maintenance. From another hand, SubDAO intends to set aside 30% of the tokens for a slot auction that will last more than 5 years. Furthermore, 60% of the 5% annual SubDAO inflation will be added to the para-chain auction reserves to finance the long-term slot auction.

The auction of subDAO’s para-chain will adopt a“Lockdrop”method with the essential two procedures:

  • Stake KSM to get GOV token airdrop.
  • DOT holders can participate in the Initial Parachain Offering (IPO) and receive airdrop.

Airdrop:

SubDAO considers airdropping 3% of the tokens to the participants of Polkadot and Kusama governance, where their participation includes: posting proposals, democratic voting, election voting, creating tips.

SubDAO Ecosystem:

As an ecosystem SubDAO Network has various essential roles such as:  para-chain contributors, farmers, and the SubDAO Council. Each of these roles has an impact task on the network, where the para-chain contributors’ main task is to stake KSM and DOT to support SubDAO to become a para-chain, as a reward they will receive SubDAO token. Farmers from the other hand, includes anyone that uses SubDAO for DAO governance without forgetting the whitelisted DAO participants who can obtain DAO Share through governance activities leading to GOV farming. Lastly, SubDAO Council is defined as an autonomous organization that is composed of members of the SubDAO community along with community contributors, developers, etc. Where the SubDAO Council election is held every year with GOV holders as voters.

Contracts:

Social media informations:

Official Website: https://www.subdao.network/

Twitter: https://twitter.com/subdao_network

Telegram: https://t.me/subdao

Discord: https://discord.gg/anmHezjG4g

Medium: https://medium.com/@subdao

Github: https://github.com/SubDAO-Network/

SubDAO项目调研

英文调研人:Jones

中文调研人:朱丽白

调研日期:2021-4-23

关键词:

Polkadot,DApps, Substrate framework, Web3.0, APY subsidies

介绍:

SubDAO 是基于Polkadot, 使用Substrate框架开发, 致力于可让任何组织创建和管理跨链 DAO 组织的平台. 例如:DAO创建工具,资金池管理,个性化投票,辅助DAO管理。给构建和管理DAO的个人及组织提供了更加便捷和更易访问的方式。该项目也是 PAKA Labs 加速器孵化的首个项目。

SubDAO Network的发展目标如下:

  • 提供跨链平台
  • 为DAO的治理提供多种工具
  • 为Polkadot上的DAO和DApp提供可靠链接
  • 允许访问链下数据

团队成员:

SubDAO的成员来自于各个领域,涵盖了开发,管理和加密货币等领域,具体如下:

Wang Qiang:

技术贡献者、腾讯首席解决方案架构师、 IBM的前团队负责人、Core Coult / HSLT的核心开发人员、KVM的代码贡献者、RedHat中的社区贡献者

Humphrey:

社区贡献者、北京大学毕业、PAKA基金联合创始人、Polkadot上许多早期项目的投资人

Marvin Tong:

技术贡献者、Phala Network创始人兼首席执行官、腾讯前产品经理

Owen:

社区贡献者、Stafi联合创始人

Da Jun:

技术贡献者、阿里巴巴前高级软件工程师、Wetez和StaFI.io的核心开发人员、超过12年的开发经验

Sand:

社区贡献者、 Pola Warriors创始人、Dotmarketcap创始人

SubDAO治理机制:

治理机制与DAO的价值紧密相连。例如:资金规模,成员数量和活跃度。

鉴于以上原因,SubDAO设计了“ Genesis Farming”的DeFi机制:

  • SubDAO平台为持有GOV用户提供APY补贴。
  • 补贴来自于在GOV池中生成LP Token,同时,可以将LP代币和GOV代币组合生成较高的APY补贴,从而使用户获得多种奖励来源。
  • 高APY补贴会不断吸引DAO组织成员加入,帮助项目在冷启动阶段建立用户群。

7%的代币将分配给5个不同的Genesis Farming池,其中对采用白名单申请机制并成功通过申请的DAO授予GOV奖励。下面我们列出了5种DAO社群类型:

  • 基于基金会的DAO。
  • 基于社区的DAO。
  • 基于DeFi的DAO。
  • 基于艺术(NFT)的DAO。
  • 基于开发者的DAO。

被列入白名单的DAO成员需要将其资产注入池中,作为初步启动资金,每位成员将根据进行的投资获得DAO份额。同样可以通过治理投票来扩大所占DAO份额。此外,每天SubDAO会根据每位DAO成员的持股量自动发布奖励。同时Genesis Farming的奖励也会在6个月内发布,分发量逐月下降。虽然普遍认为GOV的奖励完全取决于DAO的资金规模。但是SubDAO将为权益币(仅限SubDAO的五种池)和GOV创建补充池以便获得较高的APY奖励。

SubDAO激励机制:

SubDAO代币:GOV是SubDAO network 代币,GOV的总供应量为10亿,年通胀率为5%。SubDAO代币模型主要包括以下用途:

  • 插槽拍卖(Slot auction)用于SubDAO的网络安全
  • 激励DAO的发展
  • 治理:用于SubDAO的网络治理

GOV代币分配:

SubDAO的Gov代币分配如下:

SubDAO平行链:

采用Para-chain的主要原因是让验证者(validators)验证SubDAO 的平行链区块,使得SubDAO的团队成员全身心专注于构建SubDAO的生态系统,不会被单链节点的激励和维护行为分散注意力。另外,SubDAO打算为持续5年以上的插槽拍卖(Slot auction)留出30%的代币。此外,每年SubDAO 5%通货膨胀率的60%将被加入到平行链(para-chain)拍卖储备中,用来长期资助插槽拍卖(Slot auction)。

SubDAO的平行链采用一种“锁存”的拍卖方法,该方法具有两个基本步骤:

  • 抵押KSM以获得GOV空投。
  • DOT持有人可以参加原始平行链(Parachain)私募(IPO)并获得空投。

空投:

SubDAO考虑将3%的代币空投给Polkadot和Kusama治理的参与者,他们的参与包括:发布提案,民主投票,选举投票,创建提示。

SubDAO生态系统:

SubDAO作为一个生态系统具有不同重要作用,例如:平行链(para-chain)贡献者,挖矿(farmers)和SubDAO委员会。每一个作用都对网络产生影响,平行链(para-chain)贡献者的主要任务是抵押KSM和DOT以支持SubDAO成为平行链(para-chain),作为奖励,他们将获得GOV。

另一方面,挖矿(Farmers)包括使用SubDAO进行DAO治理的任何人还有DAO白名单中的参与者,他们可以通过发起GOV治理行为来获得DAO份额。而SubDAO委员会被定义为去中心化自治组织,由SubDAO社区的成员以及社区贡献者,开发人员等组成。每年举行一次SubDAO 委员会选举,凡GOV的持有者即可成为选民。

合约地址:

SubDAO合约可在以下Github中找到:

https://github.com/SubDAO-Network/subDAO-contracts

欲知更多可访问:

官网: https://www.subdao.network/

社交媒体信息:

Twitter: https://twitter.com/subdao_network

Telegram: https://t.me/subdao

Discord: https://discord.gg/anmHezjG4g

Medium: https://medium.com/@subdao

Github: https://github.com/SubDAO-Network/

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