From Voting Tokens to Programmable Equities

Transcript

[Music] hi all happy to be here we are alessandro marco so we are the core researcher of dfo hub the flab is an r d project that is aimed to create something that we call on-chain companies to understand why we are working on it i think we have to figure it out how adapts ndios work today basically if you run on tap people can use it anonymously on ethereum but the team have the ownership of the code and the team have the

ability to use fork it and to do basically everything they want the same things is for dios basically dios are like a fixed box in which teams have made the code and people can interact inside this box with some kind of a small and fixed way to vote things and even sometimes they vote for not not to run code but to ask the team to do something and the team have all the power to change the code to improve that our r d is basically to delete the needs of a well-known team of

people um behind adap or at the air this new kind of home swing companies we call decentralized flexible organizations and so basically the team had the only power to deploy after that the organization is deployed everything is about to vote with the token and that's why we call it programmable equities so the token rule errors from every part of the application with the core and the assets so it's very it's very more more like an equity like a new asset class and with dfo you can build daps and dao on top of it so this is not to replace the dl

technology or the damp technology but it's to replace the team behind an application it i think it's the long run this is a very interesting rfd for for interior so uh in the theory we experienced some kind of utility tokens and we have voting tokens like edios so to build some kind of things but not have the full power of the applications and with dfo we have a new master class it's called programmable entities you can vote with full power inside an application and so for example uh uh dfo hub is a dfo so if we lost all of our token we don't have any power and that's why uh this kind of new tokens is is very

different from everything we experienced before we think the best way to have the correct flexibility uh decentralized application needs is to use the concept of the microservices in dfo protocol uh every uh functionality of the decentralized organization is a singular smart contract and all the functionality inside these smart contracts cooperate between them to obtain the main purpose of the organization itself every token order of the organization vote to run every piece of code and they can vote to propose new pieces of code your microservices or disable or change the microservices themselves

all this stuff runs directly on chain with no abstraction the anonymous people can propose to improve the single organization or more the architecture is made by a system called double proxy the first one keep track keeps track on all the microservices that can read or write into the dap the second one makes more easy to reach the first one proxy in a ultra dynamic approach every part of the system is totally upgradable by voting so the token holders can vote anything and they are the only rulers in all the dot even in the core changes there are two types of functionalities persistent

which are linked to the data and they can be used in the time or one time that can be used just one time of course uh by voting and then uh stop dave stops their execution governor's rules are microservices too and they can be voted changing and upgraded in time this is a general purpose protocol which means that everyone can create their own version of tfo up or dfu exactly like ens or uniswap2 we are working on all the pieces needed to achieve the startup without funders to do this they must know what the microservices does and for this

reason we choose to create a site protocol which saves directly on chain all the source code of the smart contracts so everyone can see them and evaluate to vote for accept or refuse them this is why we are working on something we call new ethereum order because we started this rnd because we strongly believe that uh it makes sense that anons will rule ethereum in the future because for example um as vitriolic said last devcon blockchains are cryptoeconomics protocol to make no assumptions about participants the only way to prevent corporate capture in the web 3

is to govern services in a decentralized and multi-jurisdictional basis and anonymity is the most important thing to achieve that so at the current state of dfl hub you can already start with other features to to build companies ruled by anons like for example proposal involving systems with zone chain code like idos with fixed inflation and liquid sticking rewards so the next things we are working on is to is to build a decentralized github a decentralized

managing for tax and for rewards about tasks at the same time for ibo so initial boosting offering so you can invest in in a project by investing directly to boost their tasks reward the governor's obstruction uh this is basically the idea that i that dfos can have different tokens a different way to to govern themselves and at the same time they can create sub-dios with a small possible governance pixel developments obviously and an automatic generation for that frontend and i think that there is some cool r d

there in our community so this is basically what we're working on and we worked for a long run and we started to go in mainnet six months ago and we actually bought the variety for for this financing and so in september last october uh we released all the documentation needed to start working on together with the improvement proposal and this kind of stuff and i don't know you can reach everything in dfohub.com and in our discord and so hope to see you there i think this r d is very very

important for the long run on the ethereum and to achieve what real ethereum can do because it can do more that we that we are experiencing today not just replace old companies to trust new companies but to achieve a new internet without need companies or things behind or trust basically thank you thank you in memory of mario tornini the best 4chan man ever [Music]

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