This dapp is live :https://arc-dao.vercel.app/
Demo Video: https://youtu.be/ImXcE-UEySo?si=vztxMtqD1EH_4hKX
https://base-sepolia.blockscout.com/address/0xEf75f5dcaA00c6247CA19d06f2DDCC3D73DC5Ef2
For years I have wanted to participate in fund initiatives to invest in projects (startups and others), but the bureaucracy, the high requirements, and many other problems make it very difficult. And it is something that not only I experience, but also many other people who have a little money and want to support projects in the medium/long term. The exact size of the private investment fund market is difficult to determine, as there is no single, comprehensive source of data. However, it is estimated that this market has experienced significant growth in recent decades. According to Bain & Company's Global Private Equity Report 2021, assets under management in the private equity industry reached a record of approximately US$4.6 trillion in 2020. The United States has traditionally been the leader in the private investment fund market, with many of the largest private equity firms based in the United States. However, in recent years there has been a significant increase in private equity activity in other regions, such as Europe, Asia, and Latin America. In addition to traditional private equity, there are also other types of private investment funds, such as hedge funds, venture capital funds, and private debt funds. Each of these segments has distinct characteristics and investment approaches. Therefore, through DAO (decentralized organizations) we can create structures so that anyone can invest, through investment clubs (by affinity of ideas, professional relationship, etc.) through Blockchain from anywhere in the world and with fewer requirements. That is why Arc Dao was born.
Arc Dao allows you to manage investment clubs, and to spread access to participate in investment funds to anyone, decentralized, agile, and without bureaucracy.Implementing a comprehensive on-chain governance system allows DataDAO members to create and vote on proposals, covering aspects such as member management, dataset storage and distribution, and token distribution. This ensures a democratic and transparent decision-making process within the DAO.
Code for the authentication can be found here: https://github.com/Vikash-8090-Yadav/ArcDao/blob/main/Frontend/src/index.js#L11
- Create investment clubs: Just define a name and the club will be associated with the account of the user who creates it (owner).
- Join Dao -> User have similar interest based on their profile can only join otherwise they r not eligible to join
- Contribute to the club: Any member of a Dao can contribute to the common fund (pool), depositing coins that can be used in proposals.
- Create and Vote on Proposals: Any member who has contributed funds to the club pool can create proposals, giving a description, amount (not to exceed the pool amount), and recipient, with a view to investing in any business/person in a project. Also, all members can approve or reject the proposal (only one vote per member is allowed on each proposal).
- Run Proposals: A proposal owner can execute a proposal (if approval is greater than rejection), which will cause the proposal amount to be sent to the specified recipient. The owner can also close a proposal, in case of not continuing with it, either as a cancellation, publication error or to avoid sending funds.
- Timing voting: After creation of proposal there is only about 5 min time is given to the mmeber to vote.
The club smart contract has some restrictions, similar to real hedge funds:
- Up to 99 members per club (in many jurisdictions, such as the USA and Chile, this is the maximum limit of club members for certain purposes and types of clubs).
- Only members can participate in club instances.
- Only members who contribute funds to a club have the right to create proposals.
- Only proposal creators can execute them.
- A/c to the docs, for the signature I have to use eth_sign and it's giving me error and it takes me around 3 days to find the sol but yes with the help of the Arcana mentor who is
niyanx#6863
(Discord Id) help me to solve this error by replacing eth_sign with eth_signTyped_v4.
- ChainLink function (Twitter) -> I can use twitter function to check the latest post wether that person is fake or real
- Ai for recommendation on user interest
- Chat system b/w voter and proposal owner
Deployed On | URL |
---|---|
Vercel | https://arc-dao.vercel.app/ |
To run the ArcDao locally, follow these steps:
- Clone the repository:
https://github.com/Vikash-8090-Yadav/ArcDao.git
- Navigate to the project directory:
cd ArcDao/Frontend
- Node Re-versioning
export NODE_OPTIONS=--openssl-legacy-provider
- Install the dependencies:
npm install --legacy-peer-deps
- Access the dApp:
npm start
Open your web browser and visit the URL SHOWING IN UR TERMINAL to interact with the Trasur Dao
Technology | Description | Official Website |
---|---|---|
React.js | JavaScript library for building user interfaces, often used for server-rendered or statically-generated applications | React.js |
Tailwind CSS | Utility-first CSS framework for building custom designs | Tailwind CSS |
Solidity | Programming language used for smart contract development on the Ethereum blockchain | https://docs.soliditylang.org/ |
LightHouse | Store file Secure, Reliable, & Lightning-Fast with Lighthouse. | https://www.lighthouse.storage/ |
Arcana | Modular Layer 1 to power Chain Abstraction | https://arcana.network/ |