DAOrayaki DAO Research Grant:

Fund Address: 0xCd7da526f5C943126fa9E6f63b7774fA89E88d71

Voting Result:DAO Committee Yes

Grant Amount:170 USDC

Category: (Liquidity Mining Account (LMA), Optimistic Rollup Contract (ORC), Dispute Resolution Contract (DRC) Factory, Mining.)

Contributor:Jones, 黑白QB @Daorayaki


Fundraising amount: didn’t start yet.

Fundraising Goal: not announced yet.

APIS ICO price: $0.7USD

APIS volume: As the project is relatively new, The APIS volume still not announced yet.

Initial release: August 30, 2020.

Launch time (Mainnet Beta): the mainnet beta launch of the API protocol was in Nov 24th, 2020.

Token name: the APIS Protocol token is announced on Dec 10th, 2020 under the name API.

Token type: native utility token issued under the standard protocol ERC20.


The APIS is a middleware protocol designed for the functioning of a decentralized read-write protocol, allowing for the mainstream growth of a fully decentralized finance and decentralized web architecture. As a result of the network architecture which is layer-one and layer-two agnostic, mainstream developers can manage complex interactions between their applications and various protocols such as Solana, Binance Smart Chain.

Team members:

The APIS Protocol was founded by Calvin Pak, Shain Lafazan, and Andrew Bakst, who share over a decade of combined Web 3.0 experience as both developers and investors.

Calvin Pak: CEO & Co-founder.

  • A multi-industry veteran, Calvin has built for traditional firms, such as Zappos, JP Morgad and Wells Fargo. Calvin had led the development of three DeFi projects: Titans Finance, Maximus, and Molecule. He earned an EECS (Electrical Engineering & Compuer Science) degree from Univeristy of Californa, Berkeley.

Shain Lafazan: Co-founder & CTO.

  • Shain has designed and built critical infrastructure for cybersecurity, medical imaging, and insurance companies. He has co-led the development of numerous DeFi projects. Shain graduated from the UC Santa Barbara and now mentors young developpers accors the South Bay of Silicon Valley.

Andrew Bakst: Co-founder & CPO.

  • Andrew is currently the Managing Director of Bizantine Capital. Previously, he was a Partner at Crusoe Capital and Director of Bizantine Consulting Group. He received a BS in Product Design from Stanford University.

Maximillian Jungreis: Advisor.

  • Max is a Founding Member of Stanford Unviersity’s Future of Digitial Currency initiative and works with Central Banks and global corporations to promote the research of digital currency.

Jessica: UI/UX Designer.

  • Jessica graduated from Cornell University. Over 5 years of experience in this field. Seeking to be the link between the creative minds and technology things.

The APIS governance and incentive mechanisms:

Currently, there is no information concerning the governance mechanism of the APIS. Moreover, according to the team Roadmap the Launch phase is not even started yet except for the Beta mainnet launch and they still on the Beta phase where only 20% of progress has been completed. However, below we mention some of the founded resources here and there.

Governance (voting):

API holders vote on upgrades to the system. In return, holders may eventually vote on an in-protocol fee that is distributed to the APIS Treasury or to the API holders themselves. The debate of the in-protocol fees size and the distribution of these fees has been held by numerous prominent DeFi communities, such as Yearn, Uniswap, and others. As a result, The APIS team thinks that their governors may face the same debate eventually, or may simply never enact a protocol fee.

Dispute Resolution:

The DRC demands that a challenger stake at least 5,000 API on a challenge, and that is to make less sever spam. As a result, if there is a dispute, there must be a pool of at least 1.5 times the amount of API tokens staked by the challenger within 18.1 hours of the last challenge.

Rollup Validation:

The ORC demands that a validator stake at least 100,000 API. As validators have the ability to disproportionately affect Nodes and Gateways by manipulating the canonical history of the APIS protocol.

Burn fee:

The APIS Foundation will be running the first API Node and Gateway. For the first year, 100% of fee payments paid to the APIS teams’ Node and Gateway will be used to buy and burn API.

API Token:

The API token is designed to be superfluid, used for on-chain governance, dispute resolution staking, and optimistic rollup validating simultaneously. Therefore, those who own or earn API tokens maintain a voice over the entire APIS protocol, earning fees for their actions. Conversely to the majority of tokens today, API tokens are minable tokens which are distributed via the usage of a mining program.

Token distribution:

An amount of 100M API has been minted at genesis and will become accessible over the course of 6 years, where 79% of this total is acquired by the API community members, while the remaining 21% is allocated to the core team.

The token distribution of API will follow a two years program as follows:

  • 43% to the APIS community members.
  • 21% to team members and future employees with 2-years vesting.
  • 19% to community treasury with 1-year vesting.
  • 17% to DApp Partners with 2-years vesting.

API Token Utility:

The API community token has various uses for countless functions. In summary, we cite the API uses below:

  • Staking by APIS Nodes and APIS Gateways: Nodes and gateway operators are required to stake a number of API tokens and that is to establish their network presence.
  • Dispute resolution: This mechanism allows API holders to determine whether Nodes or Gateways acted suspicious.
  • Staking by Optimistic or Zk-Rollup validators: this feature is anticipated and planned to be in place within a year.
  • Governance: various ways to decide on new APIS contracts and upgrades through a voting system.


The three primary contracts deployed on the Ethereum public blockchain are the governance contract, the dispute resolution factory contract, and the optimistic rollup contract. In which the governance contract allows the configuration and upgrade of the rest of the architecture. Meanwhile, the dispute resolution contract factory ensures that APIS Gateway and Node are incentivizing to only complete accurate responses, while the optimistic rollup contract allows the architecture to scale significantly beyond the throughput of the current Ethereum public blockchain.

Contact information:

Official Website: https://www.theapis.io/

Social Media:

Twitter: https://twitter.com/_theAPIS_

Facebook: https://www.facebook.com/theapis1

Telegram: https://t.me/theapis

Discord: https://discord.gg/v6uncGKj

Youtube channel: https://www.youtube.com/channel/UC_FFYY6ru9quOnvEWljhF-w

Medium: https://medium.com/the-apis

Github: https://github.com/The-APIS

Block Explorer: https://etherscan.io/token/0x16448014A29484b82E3A5A6cF254E5C563A28929

The APIS 项目调研




APIS 币值:$0.7usd




代币名:API (The APIS 代币名在2020年12月10日官宣)





APIS协议由Calvin Pak、Shain Lafazan和Andrew Bakst创立,他们作为开发者和投资者,共同拥有超过十年的Web 3.0经验。

Calvin Pak: CEO & 联合创始人

  • 作为一个多行业的资深人士,Calvin曾为传统公司,如Zappos、JP Morgad和Wells Fargo等公司工作。卡尔文曾领导了三个DeFi项目的开发。Titans Finance, Maximus, 和Molecule。他在加州大学伯克利分校获得了EECS(电子工程与计算机科学)学位。

Shain Lafazan:联合创始人 & CTOShain

  • 曾为网络安全、医疗成像和保险公司设计和建造关键基础设施。他曾共同领导过许多DeFi项目的开发。毕业于加州大学圣巴巴拉分校,现在指导硅谷南湾的年轻开发者。

Andrew Bakst: 共同创始人 & CPO

  • 安德鲁目前是Bizantine Capital的常务董事。在此之前,他是Crusoe Capital的合伙人和Bizantine咨询集团的董事。他在斯坦福大学获得了产品设计的学士学位。

Maximillian Jungreis: 顾问

  • Max是斯坦福大学的“数字货币未来”计划的创始成员,并与中央银行和全球公司合作促进数字货币的研究。

Jessica: UI/UX 设计师

  • Jessica毕业于康奈尔大学。在这个领域有超过5年的经验。志于寻求创意思维和技术事物之间的联系。

The APIS治理与激励机制:

目前,还没有关于the APIS治理机制的信息。此外,根据团队的路线图,除了Beta主网的启动,启动阶段甚至还没有开始,他们仍然处于Beta阶段,目前只完成了20%的进展。我们列出了以下可查到的治理机制。


API代币持有者可以对系统的升级进行投票。作为回报,持有者最终可能就协议内费用进行投票,该费用将分配给the APIS treasury或the API持有者本身。关于协议内费用的多少和这些费用的分配,许多著名的DeFi社区,如Yearn、Uniswap和其他社区都进行过辩论。因此,the APIS团队认为,他们最终可能会面临同样的辩论,因为直接交给社区。



卷积(Rollup )验证:

ORC要求验证者拥有至少100,000个API。验证者有能力通过操纵the APIS协议的规范历史,对节点和网关产生不成比例的影响。


The APIS基金会将运行第一个API节点和网关。在第一年,支付给APIS小组的Node和Gateway的费用将100%用于购买和销毁API。




在创世的时候,已经铸造了1亿个API,将在6年内开始使用,其中79%由the API社区成员获得,而剩下的21%则分配给核心团队。


  • 43%给the APIS社区成员。
  • 21%分配给团队成员和未来的员工,锁仓两年。
  • 19%给社区金库,锁仓一年。
  • 17%给DApp合作伙伴,锁仓两年。



  • 通过APIS节点和APIS网关进行抵押:节点和网关运营商需要质押许多API代币,以建立其网络。
  • 争议解决:此机制允许API持有者确定节点或网关行为是否可疑。
  • 由乐观或Zk-Rollup验证者押注:预计并计划在一年内实现此功能。
  • 治理:通过投票系统决定新的APIS合约和升级等。



Contact information-联系方式:

Official Website: https://www.theapis.io/

Social Media:

Twitter: https://twitter.com/_theAPIS_

Facebook: https://www.facebook.com/theapis1

Telegram: https://t.me/theapis

Discord: https://discord.gg/v6uncGKj

Youtube channel: https://www.youtube.com/channel/UC_FFYY6ru9quOnvEWljhF-w

Medium: https://medium.com/the-apis

Github: https://github.com/The-APIS

Block Explorer: https://etherscan.io/token/0x16448014A29484b82E3A5A6cF254E5C563A28929



Dora Factory支持去中心化DAO研究组织DAOrayaki


基于 Futarchy治理的案例:Amoveo、Tezos、Gnosis





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