LIP-0005: Contribute to DarkFi research and development
Title: LIP-0005
LIP Category & Type: NFT
Contact: DarkFi
Date: 01.04.24
Summary
This proposal invites LunarDAO to contribute to DarkFi research and development. To honour the contribution, it is proposed that DarkFi gift LunarDAO an NFT paying homage to the intricate relationship between mathematics and nature.
The NFT displays a microcosm composed of three elements, an elliptic curve symbolizing encryption, encircled by a sphere of growing flora that nourishes new alien forms of life.
The elliptic curve is based off a Blender script that generates a model of an elliptic curve enlarged over projective space. Elliptic curves are central to cryptography yet in the complex space also equivalent to the torus - a fundamental geometry of nature and the universe.
In some ways cryptography is a form of magic. We are incanting mathematical spells to both attack and defend.
Problem
LunarDAO and DarkFi have a shared vision: both wish to expand privacy research and development and reform the crypto industry.
The NFT purchase symbolizes mutual collaboration between both communities while empowering researchers in advancing cutting-edge privacy tech.
Solution
DarkFi invites the LunarDAO community to support their efforts by considering a purchase of an NFT from DarkFi’s Dev DAO. The proceeds will be used to fund DarkFi’s R&D.
This act symbolizes the mutual collaboration and empowers DarkFi development and research.
Implementation
LunarDAO will make a contribution towards DarkFi research and development.
DarkFi’s DevDAO will send the NFT to LunarDAO’s multisig.
The NFT will be displayed on a webpage hosted on IPFS for everyone to see.
Thanks for making this proposal to LunarDAO @darkfibull
Questions:
Do we have an idea of what the funds will be used for? Will it be used to to bring on more devs? Focus on specific tasks? If adding to Dev DAO for slush funds, thats a valid response too
Will funds help expedite launch timeline? (I know ETA’s aren’t during a software development lifecycle)
Is there a € amount that you’re looking for? lower or upper bound?
If we agree on LIP, is everything on darkfi side ready to go, or will there be more work to be done from your end?
Besides the mutual collaboration on DarkFi & LunarDAO common vision & goal
With this partnership proposal, how will it benefit members of lunardao who contribute to darkfi nft subdao proposal? Understand from Sadar that we will be launching a subdao for this proposal and individual contribution can be tracked
Many discussions took place in various chats. Some thoughts:
SIMPLICITY
Make a syndicate type - separated raise, to prevent the people who are into darkfi have to expose their funds to the previous investments and initial lunardao squad members to vote about the share price
Make a raise which is capped by amount and or time (500k/1 week for example) - when closed, funds go directly to predetermined account and NFT is minted for this new sub-DAO per smart contract - no trust, just simple code
LunarDAO squad members (initial investors) can join as individuals as well as make a DAO proposal to submit some of the DAO ETH to this raise
FEE
LunarDAO has been run on near to voluntary basis, the stewards discuss a FEE, which will be a small % of each allocation going to their multisig
Possibly as a % cut or by preminting shares for the multisig
The funds will be used to onboard more developers to the DarkFi ecosystem, with the aim to make anonymous engineering highly accessible to developers. We’re building a a DarkFi Dev DAO to support developers who want to contribute anonymously and be paid by the DAO. It’s a part of a general effort to support anon contributors, including using codeberg, building the anon chat with tor, etc.
Like you mentioned, ETA’s are very hard to estimate, DarkFi’s plan is to launch this year, given all audits are done and testnet has been running for a while without any problems. If it allows us to hire more devs then yes, it could expedite the launch timeline.
There’s no lower bound, but we’re not looking for more than 500k for research and development.
The artwork is done, the NFTs will need to be minted and displayed on a page, not much work needed.
I am still interested in more details because this sounds a little vague. I would suggest having a more standard grant proposal for LundarDAO going forward.
When funds are requested for onboarding devs, it should include info on how many people and what kind of expertise is needed, how much time they will dedicate. The total funding and its use should be transparent while retaining anonymity of contributors.
The funds would go to a multisig first (on Ethereum) and later will be migrated to DarkFi and governed by the DarkFi Dev DAO. This DAO will fund research and development, building out the DarkFi ecosystem.
The governance setup has not been finalized yet but the idea is to have a governance forum (like the monero forum), where funding proposals are made by devs and there is a community which votes on where the funding goes in a transparent and verifiable way.
For a little more info, funds in monero are requested by each individual CCS applicant with an intended request amount. External participants uniquely send in XMR to fund the requested project.
As to @TMIYC 's question, I see what you mean about transparency and members of LD wouldn’t want to fund potentially wasteful projects. Though, I assumed this proposal is a way for DarkFi to pool resources for potential devs that may arise (allowing them for flexibility on what exactly those requirements are). They may have an idea for the type of devs theyre looking for, but I took it as a way for them to build a DEV DAO treasury.
In the end, this proposal is a voluntary participatory offer for showing solidarity with DarkFI, and LD gets a cool NFT
Following back up here, there is a 500k max bid, but its not hard-coded into the contract. The proposal will be open for 2 weeks.
that leaves us with two options that would be important to discuss (This would be a good problem to have):
Return funds to anyone that comes in after 500k is reached
Keep any funds after 500k in treasury DAO for future projects
I’m not opposed to either options. I like option 2 as we can continue LD moving onto supporting other privacy projects. LD2 has taken over a year to get rolling, and deciding on how to do fundraising had a role to play in the speed of LD2 to get launched.
Option 1 is simple from a DAO management stand point besides the refunding process but not a big pain.
A second transaction transferring the rest of the funds will be initiated now that the first transaction has been constructed and proposed successfully. Once funds are received to DarkFi’s address, the LunarDAO treasury (0x39ed986874b06f2e9e12dea5113d32aa3b975017) will receive the NFT.
Following the transaction send to DarkFi for the raise, the vote to make VOX2 tradeable to others will be initiated.
The tradeable VOX2 allows for users to trade VOX2 and gives the holder more options than just ragequitting their entire position and exiting LDII. This also gives people an option to trade their proportional position in the NFT received from LIP-0005.
