pooltogether-community-ui
snapshot
pooltogether-community-ui | snapshot | |
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20 | 57 | |
45 | 9,061 | |
- | 4.6% | |
2.2 | 9.7 | |
12 months ago | 3 days ago | |
JavaScript | Vue | |
MIT License | MIT License |
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For example, an activity of 9.0 indicates that a project is amongst the top 10% of the most actively developed projects that we are tracking.
pooltogether-community-ui
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Smart Contract Security Field Guide
First off, wanted to say thanks very much for posting this, primarily because I think it is an example that is straightforward and easy to understand. That said, I'm also thinking "if this is one of the best, straightforward examples people are talking about when referring to 'the value of smart contracts', then smart contracts are just nowhere near the important tech its boosters believe." (To be clear mteigers, not directing this at you, just saying this because what you've posted is probably the best example of a real-world use case I've seen).
In summary, what PoolTogether (https://pooltogether.com/) does is basically act like a normal savings account, except instead of you getting 4% interest a year or whatever, that interest is all pooled and then given out in big chunks at random - most people get nothing, but "winners" will get what is essentially everyone else's interest. Some notes:
1. I'm not clear what activity they're engaging in that actually generates interest (e.g. who they're lending to in order to generate a spread), but in fairness I didn't spend much going into the details. That said, if they really are generating income by lending, then I'm very curious how they can't suffer from some of the same negative edge-cases inherent in fractional reserve banking, like a run on the bank. If they are not generating real income from lending, I'm very suspect about how they can really be generating interest. Again, I didn't look much into this, so totally admit I could just not be understanding the details here.
2. I see absolutely no real benefit that comes from doing this as a smart contract vs. just doing this as any other kind of normal software (e.g. what core banking software provides), despite what their blurbs on the website say.
So still just dumbfounded by the lack of real utility in any of these smart contract examples I've seen.
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New Landing Page is live! π£
Take a look: https://pooltogether.com
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Unlocking Direct Engagement: How Innovative DeFi Companies Harness Push Protocol in the Web3 Revolution
PoolTogether: Transforming Savings Games and Lotteries
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PBS Crypto Decoded | NOVA (2023) [00:53:32]
How about defend a prize-linked savings program from an individual that placed around $12 into the protocol before immediately filing a lawsuit?
- Last day before next draw at moneropot.org
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DEFI is not the place where you can increase your deposit
Have you checked out PoolTogether. You earn yield in the form of prizes and if you deposit on optimism you also earn OP tokens. Itβs like a DeFi savings account for USDC. Worth looking into if you havenβt already.
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Tell me about your DAO
Pooltogether uses their token for governance but you absolutely do not need to have it to use the product or participate in anything. Itβs strictly used for voting in governance. No blockers
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Show HN: Web3 is not community-led, as much as they try to claim they are
There's literally one project that I've seen being truly useful: https://pooltogether.com/
It's cool because it's not possible to do this without crypto (in terms of trust). But because it uses a smart contract you can be sure that when you put your money into it, it won't steal it.
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'Predatory gambling' has helped the lottery reach sky-high jackpot, critics say
We could easily incentivize no-loss lotteries like https://pooltogether.com/ I wonder how that affects problem gamblers? If there's no opportunity to actually lose anything do problem gamblers choose other options?
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Favourite 1-100 Million M/Cap Sleepers?
POOL - PoolTogether https://pooltogether.com/ Open source pooled savings account/lottery with twice weekly draws
snapshot
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Billionaires...
For the conecil, I think a governance platform like snapshot.org could be helpful for community proposals. That way it's more inclusive of all Coneheads.
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β β VOTE NOW: RUFUS CHAIN PROPOSAL ON ARBITRUM DAO β β
VOTE HERE: https://snapshot.org/#/dogelondao.eth/proposal/0xf988aff67d371c72e4d08a6a3784b20d314ab53a9456a149fe2e57d665f7219c
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White Paper
Right now there is only one synthetic token - USDT (USDT). Its underlying asset, the price of which is linked to the price of synthetics - Tether USDT. In the future, we will issue various synthetic tokens, the underlying asset of which can be stocks, fiat currencies (how do you like a styblecoin tied to the Euro?), indices and portfolios, including all of the above in different proportions. We look forward to the community's help in choosing the underlying assets when designing new synthetics. I believe that we will provide some kind of voting mechanism for this (for example, based on https://snapshot.org ) using the TTP token as a voting token.
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Introducing a Transfer Burn Mechanism for KIN: Boosting Value, Reducing Supply, and Empowering the Community π₯π
PART-2 I'm bringing the conversation from discord here to just update this as we discuss this and how this is on the record. u/mocolicious β I appreciate your contribution to the discussion. so first, we would have to get people to agree that this is what the community wants to do via the governance voting. After that, the owner of the upgrade authority would have to grant access to the keys. Im not sure if thats possible or who that might be. I think the move is to wait til the governance solution has been tested on some more simple propositions and then we can make a stronger argument about inquiring to who owns it. Else we're talking about starting a new token entirely with the same name, which would also be a difficult proposition. u/CitizenCapet β I'm certainly in favor of seeing if we can update the contract without creating a new KIN. You did raise some valid points. Implementing a transfer burn mechanism in the existing KIN contract without creating a new token will require community consensus and potentially involve some technical and governance challenges. I did some research and this is what could be some possible approaches to address these points: Community Consensus: As you mentioned, it's crucial to ensure that the majority of the KIN community agrees with the proposed changes. Implementing a governance voting mechanism or using an existing one you are developing now, when available, would allow token holders to voice their opinions and vote on the proposal. I wish we could use a pre-existing one that was free and verifiable for KIN holders to use. I found pre-existing blockchain voting protocols that could be utilized for KIN holders to vote on proposals like implementing a transfer burn mechanism. Some of these protocols are free and verifiable, ensuring a transparent and decentralized decision-making process. four voting-free blockchain protocols that KIN can use today if we tinker with them. 1A. Aragon https://aragon.org/ is a platform for creating and managing decentralized organizations. It offers a suite of tools for governance, including voting mechanisms. KIN could potentially create an Aragon organization and use its voting module to let KIN holders vote on proposals. 2B. Snapshot https://snapshot.org/ is a gasless, off-chain voting platform for decentralized governance. Projects can create proposals and let their token holders vote on them using their token balance without incurring gas fees. KIN could create a Snapshot space for the community to vote on proposals. 3C. DAOstack https://daostack.io/ is a framework for building decentralized organizations and managing their governance. It includes a voting module called "Alchemy" which enables token holders to vote on proposals. KIN could potentially utilize DAOstack to create a DAO for managing the project's governance, including voting on proposals. 4D. Colony https://colony.io/ is a platform for building decentralized organizations with built-in governance features. KIN could potentially create a Colony organization and utilize its voting mechanisms to let token holders vote on proposals. Upgradeable smart contracts: If the current KIN smart contract is upgradeable (e.g., implemented using a proxy pattern or similar mechanism), updating the contract to include the transfer burn mechanism would be more straightforward. The upgrade authority would need to authorize the changes, and the new logic would be implemented without affecting the existing token holders' balances or creating a new token. Which I would like to avoid for obvious reasons. Identifying the upgrade authority: To update the smart contract, it's essential to determine who holds the upgrade authority. This could be the project team, a multisig wallet, or a DAO. It might be necessary to wait for the governance solution to be more mature and tested before approaching the upgrade authority with the proposal. But voting on something and implementing it are two things. Non-upgradeable contracts: If the current KIN contract is not upgradeable, implementing the transfer burn mechanism directly within the existing contract may not be possible. In this case, creating a new token with the same name and implementing a token swap mechanism might be a potential solution, though it would indeed be a complex and challenging process. There has to be a way around this. I'm certain this is solvable. @mocolicious β without access to the key with upgrade authority you'd need to create a new token @CitizenCapet β So no one knows who has the key with upgrade authority? How it this even possible being this is an open-source ecosystem? Wouldn't TED have an idea? @mocolicious β it would be a safe presumption that he has it, but you'd have to ask him @CitizenCapet β Well then, I shall ask him. _____________________________________________________________________________________________ In closing, my goal is to get feedback to help the discussion grow in optics and provide any material the community is requesting. I can build almost anything. As long as I have clear instructions as to what is being requested to add. Be cool to have some devs that want to help with the code and debugging once we get the final optics on parameters.
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Release Channel 1.49.128
Fixed inability to connect Brave Wallet to https://snapshot.org. (#28896)
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An Exercise in Adoption (Part 1)
Snapshot
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[Tutorial] How to Cast you vote on Governance Polls
However, voicing your opinion in the comments of a governance poll alone DOESN'T count as if you were casting your vote. To do so, you have to click the link on the beginning of the post, access snapshot.org and cast your vote there.
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Seeking Advice on Getting People to Use Our MVP Product: Literully, a Decentralized Voting Platform on Polygon
Have you heard of https://snapshot.org?
- GameStop Wallet and voting on snapshot.org
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Weekly Shill Post
How to obtain CAKEVOTES to vote https://snapshot.org/ ?