Comments (5)
Can we just edit x/bank/client/cli/tx.go to deny sending EXP token in the message? no we can't
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Can we mint tokens with vesting times? or can this only be done via genesis?
I think we can't.
According to the Cosmos-sdk documentation:
The requirements for this vesting account is that it should be initialized during genesis with a starting balance X and a vesting end time ET.
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Hi gents, on my call with reece, I basically encountered that this is a non-viable solution:
DAO funds really have to be kept in a module account so that their security is consensus enforced.
Our end solution is likely to look like applying some of /x/groups concepts to /x/gov
we can mint tokens that have the "forever vesting-- using cosmos sdk messages (gov v1beta2)
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Will post new issue tomorrow outlining this in a more consensus driven way
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update tom likes this better - says even if we value the EXP side of things at 0, CRAFT still has value.
EXP doesn't have to be on chain, the above proposal just has to add constant swap rates
ex: proposal 10eth -> 5000EXP
we need other assets non ibc native so proposals can fund other incentives
ex: DAO gets 10ETH to purchase NFT's, and then distributes these to random Land Plot owners.
This ETH wallet is held by DAO members and is multisig
The above solution IS webapp based and not state driven, but aligns with the DAOs goals
if we value EXP at 0, then CRAFT still has massive value
ROUGHLY:
{
"proposal_id": "1",
"content": {
"@type": "/cosmos.craft.v1beta2.RequestExpProposal",
"title": "Requesting EXP to contribute to the CRAFT DAO",
"description": "ETH so the DAO can purchase NFT's for the community, BTC just to increase the DAO value",
"walletToBeWhitelisted": "craft10r39fueph9fq7a6lgswu4zdsg8t3gxlqd6lnf0",
"depositPools": {
"BTC": {
"amount": 10,
"expRequest": 5000,
"closePoolDate": "2022-08-15T12:00:00Z"
},
"ETH": {
"amount": 5,
"expRequest": 250,
"closePoolDate": "2022-08-15T12:00:00Z"
},
},
"vestingPeriodEnd": "2030-01-01T00:00:00Z"
},
"status": "PROPOSAL_STATUS_PASSED"
}
or
"depositPools": {
"BTC": {
"depositAmount": 10,
"expPerOneDeposit": 500, // so total is 5000exp here
"closePoolDate": "2022-08-15T12:00:00Z"
},
then the CraftMint module would only be allowed to mint the max amount above. Logic:
OnProposalPass, update CraftMintKeeper depositAmount*depositRate for each asset (ex: 1BTC @ 10,000EXP per)
Then the minter can now at max mint 10,000 since the proposal passed. Limiting downside of EXP to a rouge node
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Related Issues (20)
- Look into / add Wallet signing library for Server HOT 2
- Apply osmosis style HOT 1
- Test airdrop tooling & add logic with new update HOT 4
- EXP URL path issue HOT 2
- DAO multisig UI HOT 3
- Craft Middleware refactor HOT 3
- Switch Integration to URIs only
- Tendermint 35.6 Testing Release HOT 2
- [DRAFT] Consensus Failure HOT 2
- NFTs - Craft Real Estate
- Makefile for craft HOT 2
- Write test cases
- EXP - Review HOT 8
- Next testnet - July 18th HOT 1
- Exp price query over band protocol
- x/exp: implement logic in OnRecvPacket
- Implement logic OnOracleRequestTimeoutPacket in exp module.
- IBC testting
- Integration payments
- change from memo to time of Tx UTC
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