DAOrayaki DAO Research Grant：
Fund Address: DAOrayaki.eth
Voting Result：DAO Committee Yes
Grant Amount：200 USD
Category: Finance.vote (FVT), DeFi 2.0, Prediction and Market Discovery, Second Layer Governance, Decentralised Social Trading, Quadratic voting, Semantic Ballot Voting, Vote Markets, Digital Identity Tokens, Decentralised Identity, Identity Customisation, Sybil resistance, DAO Decentralized Monetary Fund (DMF), miniDAO, Decentralised Social Trading
Contributor：Jones，黑白BQ，DAOctor @Daorayaki
建立 | 2020 |
发布 | 2021-9-21 |
起源 | 社区系统 |
分类 | DeFi, DAO, DMF, miniDAO |
代币 | FVT |
概述
Finance.vote是DeFi的共识层。这是一个治理平台，旨在将二次方投票技术和价格发现机制引入去中心化金融。该平台将预测市场和DAOs推向新的领域，在那里用户可以获得价格准确预测的代币并参与治理决策。Finance.vote是DeFi 2.0。
项目总结:
加密空间是真正新民主模式的试验场。随着去中心化金融(DeFi)运动的出现，围绕货币达成的共识和协调的新激励方式正随着快速的开放式创新而产生。尽管早期的DeFi应用自2017年以来一直很活跃，但正是治理代币的出现导致了DeFi的爆炸性增长。这是实现真正去中心化的机制，将信任从合约创建者推给代币持有者。
然而，它们在实施上有很大的缺陷。高度不对称的代币分配、选民的冷漠以及核心团队和代币持有者的技术知识之间的巨大差距，创造了一种特定的环境。在这种环境下，真正的治理充其量只是表面（surface level）的，最坏是几乎不加掩饰的中央集权。随着大量新的代币进入市场，跟上新的技术发展的步伐变得越来越困难，但也将高质量的项目与低质量的克隆或彻底的骗局分开。市场信号是加密空间和金融的主要经济成本。投票将使用户和企业家能够识别他们的信号活动的影响，并提供对市场信号的早期访问。
Finance.vote是一个去中心化的应用程序，用于在整个加密领域达成共识。它为用户提供了一个空间来参与新的或发现现有代币的市场，并被激励分享他们对未来价格行为的看法。
Finance.vote有三个加密经济:
-预测和市场发现
-Layer 2治理
-去中心化社会交易
现在，我们将根据已发表的金融白皮书，更深入地了解这些组件代表什么以及如何工作。
基本信息:
I 预测与市场发现:把Degens变成Alphas。
问题:
-低价代币的爆发产生了少量赢家和大量输家。
-Uniswap和其他dex的无许可性创造了巨大的、快速发展的和嘈杂的市场。
-象征价值潜力的早期信号被少数别有用心的影响者所主导。
DAOs 和预测市场动态显示了巨大的潜力，作为改进大规模决策和治理系统的工具。然而，像 Augur 这样的广谱预测（broad spectrum prediction）市场系统虽然已经成熟，但还没有找到有意义的应用。很大程度上，这是由于参数空间的开放性，在这个空间中可以进行预测，从而稀释了整个市场的流动性和利率。Finance.vote的焦点是采用少数权益投票市场，并且持续及时的结算。流动性问题通过 finance.vote token economics 得到解决，它将少量象征性的通胀分配到奖励池中，为每次投票提供流动性。
使用语义投票系统，用户可以通过加密空间对代币的未来市场成败进行投票。这允许用户采用多个代币进行市场博弈，所有这些代币都包含在单个交易中。
$FVT 奖励由预测正确的用户从奖励池中领取。这使得那些能够持续做出准确的市场预测，通过声誉因素链接预测市场决策的人的投票权逐渐累积。随着采用率的提高，一系列的投票市场将通过Finance.vote引入治理系统，将允许用户根据他们准确预测可验证的链上市场指标的能力在系统中积累声誉。
1. 语义投票：
语义投票（Semantic Ballot Voting）是专门为finance.vote的一种新型投票系统。它使用了一堆语义标签（在本例中是可交易加密货币的代币标记器）和二次方投票。用户将看到一个按市场顺序排列的列表，并被要求使用他们的投票权代币（$FVT）对他们选择的加密货币进行投票。他们通过二次的投票将$FVT转换为选票：
这意味着每一次后续投票都会产生非线性成本。
该系统强制优先次序，并确保用户不能对每个项目进行强有力的投票。该方案在整个Finance.vote系统中反复使用，有助于在整个网络中建立加权共识。
2. 数字身份代币：
数字身份是投票技术的重要组成部分。在二次方投票系统中，这一点尤为重要，如果创建多个身份非常容易，那么二次方系统将回到线性系统，诚实的参与者则处于不利地位。为了破坏系统而创建多个身份的行为称为Sybil(女巫攻击)。这是一个全球性的问题，涉及许多社会系统，包括大多数传统的社交媒体系统，如Twitter和Facebook。由于可以通过控制特定标签的频率来操纵事实，因此存在通过Sybil攻击操纵社会共识的动机。这是Sybil战争。在这种日益激烈的对抗环境中，未来的所有应用都需要一定程度的Sybil抵抗力。通常，通过收集一些识别信息（例如电话号码）或更积极地获取国家发布的身份文件，通常是无效的。在无许可系统中，这是一个不可接受的解决方案。
Finance.vote使用了一种我们称之为去中心化身份代币（DITs）的新系统。它们采用ERC721兼容NFT的形式，表示系统内的身份。如果没有密码系统，用户将无法在系统中投票，密码经济动力学被用来防止身份的琐碎创建。
2.1. 去中心化身份：
finance.vote生态系统中的DIT包含以下信息：
- 身份的投票历史。
- 身份的声誉，用投票权表示。
- 采用指标，由一个数字表示，即$FVT1到$FVTn，其中n是发行编号。
- 元数据允许自定义DIT外观。
用户的默认皮肤将在方尖碑阶段（Obelisk phase）从程序生成的艺术中生成，为每个DIT生成一个独一无二的艺术品。某些数字将具有更大的意义。
2.2. 身份定制：
finance.vote数字身份代币最初是一个NFT，它只包含用户的投票历史和市场表现。在网络的方尖碑阶段，这些将获得自己的程序生成证明独特的数字艺术。然而，它们可根据用户偏好定制，并且打算用作系统中的化身。用户可以将自己的DIT与他们从市场或uction.vote购买的其他NFT链接起来，向平台上的其他用户展示自己的艺术选择。
2.3. 无法击败他们，就加入他们：
在金融投票生态系统中，Sybil抵抗采取的形式是确保用户不能通过在多个选票上分割选票和伪造多个身份来破坏共识结果。实际上，这是不能完全阻止的。
投票采取一种经济的、pay-to-sybil的缓解方式，以达到一个对系统中 Sybils 的数量了如指掌的状态。在用户参与 finance.vote 上的投票活动之前，用户必须获得至少100美元的 FVT，它将被发送到身份铸造地址并销毁，该地址为用户 Ethereum 地址分配投票权。只有具有多个 DIT 的地址才能进行多次投票。
2.4. 加密经济防线:
使用与 auction.vote 系统类似的机制，DIT 的价格将根据需求呈指数增长。如果一个用户以100美元 FVT 购买一个身份，那么在购买之后，价格将会翻倍到200美元 FVT。这个价格将以每区块1美元 FVT 的比率衰减，直到达到100美元 FVT 的价格底线，除非后续的购买发生在200美元 FVT 和价格下限之间的价格增量。
所有 $FVT 都会在身份创建时销毁，确保代币持有者从采用和 Sybil 活动中受益。
一个示例购买序列：
- 系统中的第一个用户购买，FVT1 为 100 $FVT。
- 在 100 个区块期间，价格返回 100 $FVT。
- 以 150 美元 FVT 购买 FVT2，下一个区块的价格跳至 300 美元 FVT，同一用户立即购买 FVT3。
- 现在一个身份的价格是 600 美元，用户等待价格下降，直到达到他们感知的 DIT 价值。
2.5. 可交易性:
和其他NFT一样，Finance.vote DIT也是可交易的。因此，用户有可能获得声誉，从而对身份拥有投票权，然后意识到工作和技能可以从最初的购买价格中获利。用户也可能希望根据发行数量，用身份来换取他们的审美或感知价值；幸运数字对某些人来说非常真实。
2.6. 去中心化声誉：
系统内的身份旨在允许用户根据他们在layer2治理系统中做出有效市场预测和影响共识形成的能力来积累声誉。这些动态对于女巫攻击来说是非常困难的。我们的链式投票系统的性质确保逐步正确的帐户拥有随着时间的推移和可能性赢得更大的声誉和投票权，用户可以随机成功地建立这些帐户，而不是随着时间的推移减少。
3. 投票市场：
finance.vote网络以二次方投票的预测市场系统（称为“投票市场”）为首。这个系统被设计成一个加密经济游戏，将治理与市场结合起来。它的目的是从一组分布式的伪匿名密码用户那里收集集体情报，这些用户的手指掌握着加密市场的脉搏。
这是通过向每个用户呈现默认情况下由市场排序的代币列表来完成的。然后，用户根据他们对代币质量和未来潜在市场表现的看法，花费投票权预算来创建新订单。用户订购的代币列表的结果聚合以共识列表的形式创建了感知市场订单的分布。在未来的这一点上，用户将根据其正确性的比例获得网络生成的奖励池的一定比例的奖励。
随着新的多样化市场的加入，以及游戏规则的力量转移到代币持有者手中，这种简单的机制以指数级变得强大。因此，这个游戏的目的是创造一个对抗性的环境来释放和测试二次投票技术，包括去中心化身份代币系统，以便它可以用来聚集和管理集体智慧，并在layer 2系统finance.vote中达成有效的决策。
投票市场属性：
片面性：预测市场受到采用率和流动性的限制，类似于在新兴的山寨币市场发现的长尾资产问题，当流动性不足时，发现价格变得困难。
预测市场将预测转化为可交易资产。这具有潜在的深刻破坏性，并有可能在未来创建基于futarchy 的 DAO 治理结构。然而，预测的逼真度取决于游戏中玩家的数量以及他们订单的深度。
投票/市场窗口：
每个投票市场包括两个有时间限制的窗口，一个投票窗口和一个市场窗口。在投票窗口中，用户有一段时间提交他们的投票，表明他们偏好的市场订单，当这个窗口关闭时，市场窗口打开。在这里，不再有投票可提交，投票用户的预测在市场上发挥作用。在市场窗口的收盘时段，通常每周在 UTC 市场收盘时，最高收益代币的快照由市场预言机确定，并与共识状态进行比较。
代币奖励：
在系统的开放状态下，奖励池最好被概念化为有效研究的激励。进入的成本是购买去中心化身份代币和使用投票市场智能合约提交链上投票所需的gas成本。
用户投票池共享分配如下：
二次方投票：
二次投票最早由格伦·韦尔和埃里克·波斯纳提出，是一种投票范式，旨在允许用户对特定问题进行多次投票，超越了大多数民主制度中传统的1人一票（1p1v）范式。相反，选民被允许购买更多的选票。代价是购买的后续选票越多，选票平方的代价就越大。这允许用户，尤其是那些拥有少数观点的用户，以比 1p1v 系统更强烈的方式表达他们的偏好。
精英声誉体系：
在Finance.vote的初始市场中，用户可以通过展示市场中正确决策的历史，或者购买更多的身份，将投票权放大到起始水平。
系统中的投票权通过使用内部投票权代币$V来表示。每个身份都空投了一个投票权代币的预算，在每个投票市场的每个投票窗口，我们称之为“权力UBI”。每个用户一开始的权力UBI为100，给他们100美元的$V在投票市场上投票。每个身份的基本UBI级别根据其正确性历史而增加
例如，如果用户在“赢家”投票市场中对$TokenX进行了6次投票，$TokenX是市场窗口结束时收益最高的代币。然后，该身份已经花了36美元$V的预测获胜，因此将收到136美元$V的UBI从这一点上。在这一点之后，这个用户的UBI没有减少。声誉体系建立在非惩罚性、积极强化的基础上。这确保了随着时间的推移，投票权的平衡，因此奖赏池的索赔规模将趋向于在市场上具有正确历史的用户。
最低进场成本：
参与早期的altcoin市场是获得高风险/回报交易的最佳方式。这也是获得rekt的最佳方法。对后者有着强烈的偏见。Finance.Police为用户提供了在不购买和持有波动性极高的基础资产的情况下，在altcoin市场上进行市场押注的机会。一旦用户持有投票身份，他们将在finance.vote 网络上的每个投票市场中获得免费投注，而无需支付提交投注的网络成本。
在随后的投票市场发布中，可能通过持股$FVT增加这些押注的比例，但在融资的早期阶段，投票用户在奖励池中赢得份额，并在无需持股资本的情况下获得投票权。
去中心化金融的游戏化学校：
投票市场允许用户在一个低风险和下行保护的环境中参与市场，在那里他们可以磨练自己的交易技能，建立关于加密空间的基本知识。
投票身份持有者将获得教育材料，旨在提高用户对未来去中心化技术的理解。扩大其用户群的集体智慧符合网络的利益，这将首先在现有社交媒体平台上进行，然后在我们的layer 2治理系统上进行，这将是一个协商一致的对话和决策框架，为此目的而优化。
价格发现：
在加密空间和更广泛的市场体系中，对生产性企业进行相对定价是一种现有的范例。微软比谷歌好吗？Aave比compound好吗？本项目市场系统不断地、周期性地问这个问题，并有一个声誉系统，确保市场情报因这些活动而得到奖励。
在加密空间中，市值和其他指标是一个很差的质量指标，特别是代币系统中的代币经济和通货膨胀动态常常导致代币的初始定价非常不准确。
II layer 2治理：将政治带到定义中。
问题：
-许多已建立的网络缺乏任何正式的治理机制来接收来自其代币持有者的关于网络未来方向的准确信号。
- 松散和混乱的社会信号系统，如Telegram和Reddit，对达成共识无用，容易产生垃圾邮件，给团队带来不便。
-DeFi DAO经常被非对称的代币发行严重限制，这意味着用户对网络没有任何有意义的影响。
-无许可证的系统可以让项目很容易被克隆，用户可以被欺骗去购买假代币或者参与那些完全是骗局的项目。
治理使您能够以集体的方式完成工作。这是对决策做出决策的过程。它是产生有效流程的行为，使人们能够大规模组织并朝着富有成效的结果迈进。这就是为什么我们拥有今天的现代文明，使我们能够形成连贯的社会自组织结构，从而产生创新和生产力。现在我们正在互联网上这样做。
不能低估这种转变的重要性。通常，组织和努力实现富有成效的结果的力量发生在机构、组织和公司的范围内，但现在人类正在数字空间中融合并形成运动。它们的生产力还不是很高，通常会成为无结构暴政的牺牲品，但基于区块链的治理系统可能会发生变化。
去中心化的全球组织缺少的是投票技术。在机构治理的范围之外，没有对叙事的控制。没有办法让对话朝着一个共同的目标前进。在一个群体中建立规范变得很棘手，因为自利的一方有意无意地将话语拖拽到他们自己的目标上。他们缺少的是达成共识的手段。
Finance.vote layer 2治理体系利用去中心化的金融体系的构建，来试验使用投票技术来试验形成社会共识的方法。
分级治理：
协议层的治理在整个加密空间中是一个备受争议的话题。加密网络需要一致性、透明度和令人难以置信的高安全级别，而这并不适用于特别灵活的治理结构。一些网络试图创新超越这一点，在许多情况下，它已导致腐败，串通，有时彻底失败的代币造成永久性的资金损失。
最近，去中心化自治组织（DAO）在新兴的加密网络中变得越来越突出，尤其是在DeFi领域。它们可以允许发生重大变化，转向新合约并以可能对代币持有者产生重大影响的方式改变货币政策。它们有风险，应谨慎使用。
为此，Finance.vote提出了一种多层次的治理方法，将高风险的改变现实的决策分离为高度安全、范围有限的“layer one DAO”。因此，将由对话和粗略共识形成的决策形成的全部范围留给layer two minidao。
游说和社会共识形成：
到目前为止，DAO还不是从事复杂决策的好地方。通常情况下，它们是基本上封闭的，有时需要非常高的代币赌注来展示任何有意义的声音。
finance.vote layer 2治理系统旨在允许社会信号在特定于代币的minidao中形成、放大和捕获。这些系统将展示语义投票系统在资产价格发现之外的首次使用。在这里，系统将转向对话、内容策划和决策。这个系统的目的是提供一个空间，用户可以就他们希望自己选择的网络关注和走向什么达成共识。这将是一个共享研究、建立知识和达成共同意义的空间。
语义投票系统使用二次方投票来建立去中心化的管理过程。获得足够共识的决定和提案能够过渡到第一层 DAO，即 DMF 以供考虑。
mini DAO：
layer2治理体系的建立是为了将粗略的共识和对话转化为财务投票的layer1 DAO中可操作的决策。通过语义投票的整合，minidao是密码经济学驱动下的对话空间。用户可以创建自己的投票，对讨论主题进行投票，并策划创意和资源。
这些空间的关键是内容排序这些空间的关键是内容排序。用户使用投票工具，这些工具在投票市场的对抗性环境中经过现场和实战测试。因此，Finance.vote处于高风险、链上治理和Reddit和Telegram等渠道松散的社会共识形成之间的治理空间。
区块链不可知：
作为新兴DeFi领域的治理体系，区块链互操作性对finance.vote至关重要。
Finance.vote将在以太坊平台上开始使用，并且始终具有基于以太坊的组件，然而，第二层治理系统将在一系列区块链上具有若干分叉的发展轨迹；miniDAOs是实现这些发展轨迹的地方。
为了引导和展示layer2治理系统，finance.vote启动团队承诺部署以下minidao：
-$FVT miniDAO：基于以太坊。
-A$BTC miniDAO：基于比特币。
- 其他：待定。
可扩展投票：
Finance.vote市场的gas限制是其加密经济学的基本组成部分。这些网络成本意味着$FVT经济的基本经济价值。如果用户愿意支付这些费用以获得$FVT，那么$FVT在基本成本之上有一些价值增量。
然而，在layer2治理体系中，启动团队希望对话；在chain chatter上策划。这需要尽可能具有成本效益，但保持必要程度的sybil抵抗，以抵御这些空间垃圾邮件和保持投票系统的有效性。因此，一个多年资助的研究项目已经启动，以开发可扩展的投票系统部署在finance.vote miniDAOs。这将包括形成私人投票解决方案，从而可以根据用户选择有选择地披露用户身份。
财阀：
1 硬币，1 票制（1c1v），也许不可避免地，趋向于极端富豪统治。到目前为止，代币的高度不均匀分布是所有代币经济的一个特征，这在治理系统中产生了一个重大问题，因为财富从单纯的经济权力转变为协调权力。
finance.vote网络的一个中心宗旨是探索打破财富和权力之间这种直接关联的机制。这是通过身份联系投票权系统的用户来实现的，在投票市场上，这个系统是通过精英手段产生的。仅此一点，就将在系统内产生代币持有和影响力之间的分离，主要决策架构将包括基于财富和基于精英的动态。
投票共识机制：
投票共识是指在finance.vote 生态系统中，代币持股用于衡量每个微型机构的投票权的手段。它利用金字塔叠加机制，使投票人群的投票权正常化，确保大型代币持有人在系统中没有极大的发言权。
根据斐波那契序列，用户被层层堆叠到锁紧槽中。这种地位动态确保了代币持有者可以利用他们的财富来增加他们的影响力，但不会过分地使他们主导整个系统，以至于腐败。用户$V余额之间的相互作用将确保投票权得到优化，以避免财阀统治。
具有最高代币值的单个用户将在该miniDAO中拥有最高权重的声音。此后，代币余额决定了它们所处的共识机制的哪一层。每一层都有许多赌注槽，这些槽由用户根据他们的赌注代币余额填充。每一层都有相同的赌注权力，但更多的人共享。这些层将插槽大小扩展到无穷大。
例如，在$FVT miniDAO上拥有100000$FVT代币的用户在该节点上拥有最高的赌注。下一个最接近的代币余额是95000、90000和80000。95000和90000赌注占据第二个赌注层，80000赌注和另外两个一起占据第三个赌注层。100000赌注有1000美元V，95000和90000赌注有500美元V，下一层有333美元V，以此类推。这种机制鼓励用户购买价值$FVT的股票，以在社会共识形成过程中提高自己的影响力，但会减缓富豪权力的形成。
III 去中心化的社会交易：
问题：
-尽管加密空间正朝着更具协作性的方向发展，集合流动性已成为常态，但如何将其分配给用户将充满治理复杂性。
-目前，在去中心化的交易空间内，没有任何地方可以进行协作交易，并可靠地分享市场信号。
本项目社会交易系统从投票市场演变为一个游戏化的社会交易系统。 在投票市场中使用的数字身份代币赢得声誉，因此在系统中排名靠前。这允许生成诸如社会排名表之类的状态系统，从而可以根据NFT身份在各种投票市场中的表现在列表中显示它们。
身份认证：
本项目交易系统首先允许一个身份的二次方投票被标记化。这将允许用户通过有效的市场预测获得声誉，并允许其他用户在其身份上投资$FVT。如果该身份获胜，赌注用户将从主机身份赚取10%的利润。赌注头寸采用ERC20代币（$SP代币）的形式，表示与特定身份相关的二次投票的赌注头寸。
这种机制允许用户对金融、投票市场中的其他下注参与者进行委托对冲市场押注。它们是由具有市场表现历史的用户生成的去中心化二次型期权。
小额流动资金池：
专业用户将能够创建自己的投票市场和设计自己的代币列表。私人投票市场将通过特殊的DIT进行铸币，允许举行单一投票市场铸币活动。这些特殊身份代币将定期在auction.vote上拍卖。 一旦创建，这些DIT将能够在自己的聊天组或首选的社交媒体中向参与者发布身份。
现在，一组去中心化的用户将能够不受信任地汇集资产，并创建一个动态的数字资产微观流动性池，通过基于二次方投票的共识重新平衡。用户将持有代表其在小额流动性池中所持股份的LP代币，并可在轮决后随时提取。
门控比赛：
将建立特殊的定期投票市场，只允许具有门槛等级的身份进入。例如，有一个“专业”投票市场，余额超过500美元的用户可以进入。投票名额有限，投票市场合约只允许100个身份进入。在这之后，一个投票窗口在一个治理决定的代币列表上，玩家在他们选择的身份上赌注。
IV 治理：
Finance.vote治理架构旨在将一种新的治理范式引入加密空间，在两层治理结构中利用一层DAO、去中心化货币基金（DMF）和二层$FVT微型DAO。
用户将有机会实质性地塑造网络的未来，并且逐步地，分层权力将在他们的网络中完全过渡到代币持有者$FVT将作为网络的治理代币，同时作为加密货币的激励产生基础效用属性。
去中心化的货币基金组织（DMF）：
DMF将建立一个新的DAO模式，优化金融控制。将货币政策投票给代币持有人。DMF通过创建新的奖励池和启动新的投票市场来设定通胀率。它还控制着生态系统发展基金，该基金将为旨在最大化加密社区内金融生态系统影响的资产增加完全的透明度。
$FVT MiniDAO：
FVT MiniDAO将通过与用户合作开发Finance.vote生态系统，展示layer 2治理的潜力。一系列的功能投票将在金字塔阶段早期启动，这将允许用户投票，应对未来的比赛和奖励池大小。在批准之前，政策将进行辩论，并在制度方向发生实质性转变之前，对FVT MiniDAO进行辩论。
去中心化之路。
金融投票网络以一种最大程度去中心化的风气引领。也就是说，团队的目标是在整个网络的分阶段部署过程中解除关键网络功能的中介，仅在绝对必要的情况下保留控制权。该网络将是一个无权限的系统，创造一个包容性的空间，在这里，可以通过去中心化的投票技术就想法进行协商，并进行数字资产价格探索。
该网络以三阶段的方式部署，朝着去中心化的方向发展。
方尖碑时代（来自网络起源）：
这是网络的启动阶段，在此期间，系统的一些关键组件被介绍给用户，包括auction.vote和投票市场。如果没有一定程度的集中化，从一开始就不可能构建这些复杂的人机界面功能。
在这一阶段，存在许多管理密钥，这些密钥可以通过人工输入修改游戏规则，以便根据社区的反馈对其进行优化以供采用。另一方面，这一阶段的投票系统转向市场，试图了解网络启动的背景。启动小组将利用由此产生的数据，为教育和集体情报建设建立工具和基础设施。知情共识是一个渐进的长期过程，网络启动团队有责任支持社区理解和知识建设。
金字塔时代：
在这一阶段，启动团队将启动layer 2治理系统，旨在进一步增强社区在网络上的决策能力。在这个阶段，关键系统参数的控制将转换到DMF，并在适当的时候销毁投票市场管理密钥。
此外，这一阶段还包括使用二次方投票将对话转化为数字，在这一阶段，将粗略的共识聚合起来，以便将其变为连贯一致的决策。这是一个复杂的迭代过程，将在这一阶段开始，并将成为网络的基本范例。
在整个金字塔阶段，财务投票声誉将得到调整，以确保在关键决策过程中采用利益加权和精英共识形成的健康组合。该系统将进一步加强对sybil和合谋攻击的抵御。
星舰：
在此阶段，网络的全部责任将移交给代币持有人。所有三个启动部件；投票市场、layer2治理和社会交易将部署到主网并有效运行。其中每一个都有可调的参数，具有有效去中心化决策的历史，具有系统优化的明显趋势。到目前为止，已经有许多成功的二次融资序列利用了DMF资金，并且越来越多的去中心化开发社区将在网络上构建一个新的路线图，这个路线图目前还不为发布团队所知。
在此阶段，人群将处于完全控制状态，所有管理密钥将被销毁。未来的发展现在由社区负责，网络领导人将通过去中心化的直接民主选举产生。
V 代币经济学：
5.1. 设计理念：
5.1.1. 去中心化：
Finance.vote网络的目标是最大程度的去中心化。也就是说，启动团队的目标是在整个开发过程中尽可能去中心化。当然，网络将以一种伪专制的权力结构启动，但这将朝着去中心化的直接民主方向发展。
从一开始，创始人将管理一些在一段时间内拥有最终决策权的密钥。一旦一个有效的治理结构出现，这些密钥将转移到民众身上。Finance.vote代币（$FVT）使这成为可能，它代表了系统中的权力。finance.vote生态系统将开创一系列新的投票系统，这些系统的设计目的是使权力逐步扩散，远离系统内的任何中央仲裁者。
5.1.2. 激励行动：
$FVT代币模型旨在通过合理的财务决策生成用户行为。如果用户这样做有意义的话，他们将在系统中投票。在加密经济学的世界里，这意味着它在金融上是有意义的。
所有代币系统都必须努力平衡向参与者分配代币的平衡，以鼓励采用代币，并通过通货膨胀来稀释网络价值。采用是有代价的。此外，激励机制通过一系列针对不同利益相关者（包括市场分析师、决策者、员工和流动性提供者）的向量来实现平衡。
5.1.3. 响应式治理：
良好的治理是响应式的。它是一个有效地回应参与者需求和愿望的决策系统。该系统的设计方式是，用户可以了解系统中的关键参数，这些参数可以进行调整或优化，以实现最大参与度和健康的生态系统增长。
Finance.vote将发布一系列投票机制，以建立系统中利益相关者的声誉。用户投票权将通过决策历史的精英验证和象征性持股来衡量。那些在系统中拥有权力的人将是那些通过参与和高质量决策获得权力的人。那些在系统其他领域有效的用户将升级到主要DAO，DMF，它将做出高水平的货币政策决策，并决定如何使用金库。
5.1.4. 话语：
良好决策的关键是对话。随着这一系统的发展，finance.vote启动团队的目标是找到改变的机制，并将话语集中到决策中。layer2治理系统将为民众策划的用户对话提供一个空间，不仅可以对系统产生切实的影响，还可以对其他系统产生切实的影响。
它将成为内容聚合、策划和集体学习的平台。随着生态系统的发展，将建立一个包容性的国际社会，其目的是最大限度地提高系统的可理解性，并优化参与治理决策。
5.1.5. 实用程序：
Finance.vote代币将通过集成由系统需求和代币持有人的愿望确定的功能，随着时间的推移聚合效用。该系统将举行同日交易（day one utility.）。从代币可交易的那一刻起，它就可以在系统中交换投票身份，并在我们的投票市场中使用。没有标识，任何系统功能都无法访问。
在网络的自举阶段，创始人致力于部署效用的三个核心方面：投票市场、layer2治理和社会交易。启动小组认为这一效用集足够强大，足以建立一个可持续的网络，然而，这一象征性的经济体系提供了大量的资金，用于资助开放创新，这些创新属于该体系新兴的共享设计理念。
5.1.6. 身份标识：
身份是投票系统的一个重要组成部分。finance.vote使用的方法是向参与者颁发去中心化身份代币（DIT）。这些将采取NFT的形式，如果用户愿意，可以进行交易。身份代币的成本是动态的（取决于需求），但从100美元FVT开始。用户必须在我们的身份分发系统中销毁这个数量才能获得DIT。这个身份与他们的投票历史和他们在系统中的表现有关。这将生成等级和投票权预算$V，finance.vote内部加密货币。它们是伪匿名的，但却是为系统中的参与帐户建立信任和声誉的载体。
5.1.7. 二次方投票：
二次方投票将改变世界。它拓宽了决策的参数空间，是筛选偏好的理想机制。Finance.vote将利用这一框架构建其治理体系，并寻求找到有效的机制，将用户行为引导到富有成效的网络成果中。Finance.vote在我们称为语义投票的机制中使用二次方投票。向用户提供不断补充的投票权预算（$V），他们通过系统中的各种机制分配投票权。通常，此操作将涉及通过按二次方分布$V，按优先顺序对一些语义项列表（首先是token cash标记）进行排序。
5.1.8. 教育程度：
Finance.vote生态系统的一个关键组成部分将是建立社区成员对启动团队正在决策的系统类型的理解。明智的决定产生于知情的共识。逐渐地，这个游戏中最好的玩家将是那些能读代码的人。Finance.vote将通过如何最好地理解加密空间的教学和教材来支持理解的发展。最好的研究人员会赢。
5.2. 代币度量：
$FVT代币的初始代币数为10亿。
这些代币分为一组，如下所示：
5.2.1. 初始分配：
20%的代币将通过一系列分发轮次分发给早期采用代币的参与者。
第一波已经结束，并采取了两个私人回合的形式：
-种子轮6%代币@0.007美元。
-私人轮12%代币@0.008美元。
在这些回合中获得代币的参与者将在5个月的时间内接受线性授予。
最后2%的代币将由一个去中心化的拍卖机制（auction.vote）进行分配，这将成为金融的一个关键组成部分。
5.2.2. 团队和顾问质押：
- 15%的代币分配给网络的创始人。使用（6,3）年线性授予（即授予3年，6个月（ cliff）悬崖）向团队发布。
- 5%的代币分配给有价值的战略顾问。使用（6,2）年的线性授予，这些将单独发布给顾问。
5.2.3. 治理激励:
10%的代币将通过（6,5）线性授予计划分配给系统的投票者。这些代币将按照与用户身份相关联的系统中花费的$V数量按比例分配给用户。我们将此过程称为投票挖矿，它是旨在打破区块链治理中选民冷漠的众多机制之一。
5.2.4. DMF财务部：
30%的代币将通过（20,5）步分配，即20批1500000美元FVT，一次性支付给DMF财政部5年。
DMF的资金部分将通过二次方融资机制分配给那些为网络工作的利益相关者。如果DMF参与者选择了每一部分可以燃烧的比例，则可进一步控制货币政策。
5.2.5. 流动资金池：
- 20%的代币将用于引导finance.vote网络的流动性。
流动资金池划分如下：
- 2%的代币将在首次分销拍卖中用作匹配流动性。
- 至少有9%分配给DEX空间中的流动性矿商。各个分散的exchange池中的代币。
-9%的代币将用于与中央交易所（CEX）进行交易。这些都是从网络启动解锁，但将透明化，以便用户可以了解系统中的货币流动。
5.2.6. 循环供应：
这些一览表中的总排放量提供了以下排放曲线，表示为genesis总供应量的百分比。
5.2.7. 通货膨胀机制：
finance.vote核心合约拥有在创世纪（genesis）创制超过1000000000美元FVT的新代币的权力。这是为了确保有一个开放式的解决方案来鼓励采用。在第一种情况下，少量的额外通货膨胀被用于观察金融投票市场中奖励池的流动性，从每周/每个市场100000美元的FVT开始。
5.2.8. 通货紧缩机制：
为了让任何用户参与系统，他们必须首先获得数字身份代币（DIT）。为了做到这一点，用户必须获得$FVT和燃烧至少100参加。这将为该体系引入一种基于采用的通货紧缩动态。
5.3. 排放时间表和货币政策：
代币制度的排放制度决定了代币经济的通货膨胀率。在最近的DeFi热潮中，在几个月甚至几个星期内释放全部代币供应已成为一种趋势。这导致了恶性通货膨胀和经济崩溃。
Finance.vote启动团队的目标不是一个多代价值商店，他们也不是声称自己是“钱”。财务投票代币（$FVT）是一个实用代币，它为用户提供对治理系统的访问。
治理系统作为一种密码经济枢纽，最终由用户控制$FVT需要访问系统，没有它，您将无法投票或参与治理决策。
5.3.1. 线性授予：
Cliff linear vesting是一个基于智能合约的授权计划，我们决定为排放计划增加信心。 代币经济面临的最大威胁是高度不对称的代币分布，如果是未知的代币分布，情况更糟。启动团队制定了一个时间表，一次性向网络利益相关者发放一小部分代币，然后进行长时间的分块分发。
因此：
5.3.2. 投票挖矿：
一个100000000美元的FVT（6,5）分配已经授予系统中的所有选民。这意味着大约9917808美元的自由现金将在创世6个月后空投给选民，然后继续以每天54794美元的相同速度持续5年。在整个5年的归属期内，这一分配将由社区主导。目前，只有在我们的投票市场才能投票，但最终投票挖矿奖励将流向我们的Minidao和DMF，以打破选民的冷漠。
5.3.3. 脉冲流动性激励：
去中心化流动性的提供是一场革命。这项活动的动力还很早，然而“挖矿革命”的曙光已经将激励动力引入了流动性提供过程，并取得了明显的成功。启动团队已经创建了一个可调整的系统，该系统将确保我们在网络开发的生命周期内保持交易池的有效资本效率，旨在通过动态激励优化交易量、市场价格、通货膨胀成本。
Finance.vote遵循的方法是通过添加周期性流动性动态，参数可调，包括脉冲高度、二次衰减率和脉冲宽度。
结果是一个流动性周期产生的时期：收益率是高的，收益率是低的和一系列的水平之间的下降二次脉冲。这为有限合伙人提供了短期交易策略，有机会通过复杂的挖矿技术优化起收益，或者为长期策略的用户提供了决定在整个周期内保持资金池的机会。这些参数的管理将在DMF中进行调整，并通过治理活动优化资金池的增长，使去中心化损失的影响最小化。
VI 团队成员：
任何去中心化系统的目标应该是使最初的创始人不相关，这就是FVT团队认为自己是“启动”团队的原因。未来的团队将是代币持有者。他们将是这个网络未来的代理，他们的代币持有将代表他们在系统中的权力。
- Nick Almond博士是创办人和协议负责人，他是一名物理学家，他花了10年的时间研究和工作于实验物理，最终获得了生物物理和表面科学博士学位。在一所天体物理研究所工作了一段时间后，他担任了教授数学和密码的讲师职位，这是他发现比特币的地方。七年来，尼克转变为一系列学术性的高级领导职位，并在教育、学习理论和治理研究等方面走上了学科的道路。他的学术生涯以伦敦时装学院副院长的身份结束，他在那里教授新兴技术课程，并为技术强化教学实践设计方法。他对区块链技术的热情，他相信，使用投票技术进行规模化组织的能力将彻底改变我们未来的生活、工作和学习方式。
- Twitter帐户：https://twitter.com/DrNickA
- Christopher Smith–区块链架构师，Christopher是公认的加密创新者。他多年来一直担任加密项目（包括Lunyr和BitMesh）的联合创始人和首席技术官。克里斯托弗还开发了物联网和深度学习应用的算法。他是数学和计算机科学的博士研究生，并分别持有数学和计算机科学的硕士和学士学位。
- LinkedIn帐户：https://www.linkedin.com/in/christophersmith1024/
- Naomi Dara Harris–品牌和产品创造者，自2015年以来，Naomi一直是区块链和加密领域的早期贡献者，并在定义和启动成功的品牌和项目、创建可访问的产品以推动加密企业的采用方面发挥了重要作用。作为一名拥有12年以上经验的综合设计师，Naomi与多个行业的全球品牌合作，包括fintech、healthtech、教育和可再生能源、建筑功能、难忘和商业驱动的品牌、营销和产品。
- Twitter帐户：https://twitter.com/naomidaraharris
-Louis Chang–首席创意顾问，Louis是一名创意专家，他在12年中不断磨练自己的技能，为世界上一些最大的创意机构工作，包括Saatchi&Saatchi、Ogilvy和JWT。他在2012年发现了比特币，并在2013年成立了世界上第一家加密数字机构“工作证明”。PoW为许多大型项目开发了创造性的解决方案，包括以太坊、MakerDAO和Cardano。在此期间，他还是Coinscrum的组织者，Coinscrum是当时世界上最大的加密会议。2017年，Gavin Wood博士邀请他成为Web3基金会的创意总监和联合创始人。在此期间，他主持了波尔卡多特议定书的拍卖和发布。他现在正在开发Arkology研究所，这是一个非政府组织，旨在保护世界各地的药用植物生物多样性和本土文化。他在财务顾问的角色。投票包括数字肩膀按摩，打气讲话和偶尔的智慧手榴弹。
- LinkedIn帐户：https://www.linkedin.com/in/louisc/
--Nicholas Gregory–首席技术顾问，Nicholas是一位加密货币企业家和软件工程师，自2012年以来一直参与比特币业务。Nicholas与人合作编写了比特币规范的BIP175，并在设计比特币协议（如主干和第2层解决方案）方面发挥了重要作用。他曾在多家华尔街投资银行担任领导职务，建立了有才华的团队。尼古拉斯在整个职业生涯中为各种公司和行业开发了许多系统和程序，包括威瑞森、凯捷、美林和摩根大通。他为DGLD交付了第一枚瑞士监管的返金代币，并在Google Drive和Dropbox等云存储系统上提供了企业比特币集成。如今，尼古拉斯是CommerceBlock的首席执行官，并在许多主要出版物中被引用，涉及加密货币和政府贸易机构的咨询工作。
-Twitter帐户：https://twitter.com/gregory_nico
VII 联系方式：
- 官网: https://financedotvote.eth.link/#/
- Medium: https://financedotvote.medium.com/
- Twitter: https://twitter.com/financedotvote
- Telegram: https://t.me/financedotvote
Finane.vote: Democratising DeFi.
DAOrayaki DAO Research Grant：
Fund Address: 0xCd7da526f5C943126fa9E6f63b7774fA89E88d71
Voting Result：DAO Committee Yes
Grant Amount：200 USD
Category: Finance.vote (FVT), DeFi 2.0, Prediction and Market Discovery, Second Layer Governance, Decentralised Social Trading, Quadratic voting, Semantic Ballot Voting, Vote Markets, Digital Identity Tokens, Decentralised Identity, Identity Customisation, Sybil resistance, DAO Decentralized Monetary Fund (DMF), miniDAO, Decentralised Social Trading
Contributor：Jones，黑白BQ，DAOctor @Daorayaki
Year of Establishment | 2020 |
Publish Time | 21st, September, 2021 |
Country of Origin | Community system |
Sectors | DeFi, DAO, DMF, miniDAO |
Token Symbol | FVT |
Market Value Ranking | #3318(according to coinmarketcap) #1109(according to cryptorank) |
ICO price | 0.01$ |
Current Currency Price | 0.01$ (consulted in 20th , June, 2021) |
Private Sale Price | 0.008$ |
Seed Price | 0.007$ |
Initial Fundraising | Over $ 1.4M |
Circulation Market Value | 2,06$M |
Circulation | 204,71M |
Total Tokens | 997.68M tokens |
Online Trading Pairs | 1 |
Top 10 Exchanges | Bilaxy, Uniswap, SushiSwap |
Brief Overview About Finance.vote:
Finance.vote is the consensus layer for DeFi. It is a governance platform designed to introduce quadratic voting technologies and mechanisms for price discovery to decentralised finance. The platform pushes prediction markets and DAOs into new territories, where users can earn tokens for accurate price predictions and participate in governance decisions. Finance.vote is DeFi 2.0.
Project Summary:
The cryptospace is a proving ground for genuinely new democratic models. With the emergence of the decentralised finance (DeFi) movement, new and radical ways of reaching consensus and coordinating around money are being created with rapid open innovation. Although early DeFi applications have been active since 2017, it is the emergence of governance tokens that has caused explosive growth in the DeFi space. They are the mechanism by which true decentralisation can be achieved, pushing trust away from contract creators and onto token holders.
They are however, largely flawed in their implementation. Highly asymmetric token distributions, voter apathy and huge gaps between the technical knowledge of core teams and token holders creates a context where genuine governance is surface level at best and thinly veiled centralisation at worst. As a plethora of new tokens enter the market, it becomes increasingly difficult to keep up with new technological developments, but also separate out quality projects from low quality clones, or outright scams. Market signalling is a primary economic cost in the cryptospace and finance.vote will allow users and entrepreneurs to identify the impact of their signalling activity as well as provide early access to market signals.
Finance.vote is a decentralised application for reaching consensus across the cryptospace as a whole. It provides a space for users to engage with market discovery on new and existing tokens and be incentivised to share their perception on future price action.
Finance.vote has three crypto-economic components:
- Prediction and Market Discovery.
- Second Layer governance.
- Decentralised Social Trading.
Now, we will go deeper in details on what these components represent and how does it work according to the published whitepaper of finance.vote.
Basic Information:
I-Prediction and Market Discovery: Turning Degens into Alphas.
Problem:
- The perennial explosion of altcoins produces some winners and mostly losers.
- The permissionless of Uniswap and other DEXs creates vast, rapidly evolving and noisy markets.
- Early signals on the potential of token value are dominated by a small number of influencers with ulterior motives.
DAOs and prediction market dynamics demonstrate huge potential as tools for improving large scale decision making and governance systems5. However, broad spectrum prediction market systems such as Augur, although maturing, have yet to find meaningful adoption6. Largely, this is due to the open ended parameter space in which predictions can be made, which dilutes liquidity and interest across the markets. finance.vote lenses focus and adoption into a small number of shared vote markets, with constant and far more immediate settlement. Liquidity issues are resolved through the finance.vote token economics, which distributes a small amount of token inflation into reward pools, which seeds liquidity for every vote.
Using the semantic ballot voting system, users are presented with the ability to vote on the future market success (or failure) of tokens from across the cryptospace. This allows users to make market bets across multiple tokens, all contained in a single transaction.
$FVT rewards are claimed from reward pools by users who are correct in their predictions. This causes a progressive aggregation of voting power to those who can consistently make accurate market predictions, chaining prediction market decisions through reputation factors. As adoption increases, a range of voting markets will be introduced through the finance. vote governance system, which will allow users to accrue reputation in the system based on their ability to accurately predict verifiable on-chain market metrics.
1. Semantic Ballot Voting:
Semantic Ballot Voting is a new kind of voting system designed specifically for finance.vote. It utilises a stack of semantic tags (in this case token tickers for tradable cryptocurrencies) and quadratic voting. Users are presented with a market ordered list and are requested to use their vote power tokens ($V) to vote on the cryptocurrencies of their choice. They convert $V into votes, by quadratic voting:
Meaning that eery subsequent vote has a non-linear cost.
This system enforces prioritisation and ensures that users cannot vote strongly on every item, an issue that decreases validity in conventional voting and surveying systems. This scheme is used repeatedly throughout the finance.vote ecosystem and helps build weighted consensus across the whole network.
2. Digital identity Tokens:
Digital identity is a crucial component of voting technology. It is particularly important in quadratic voting systems, where if it is trivially easy to create multiple identities, then the quadratic system trends back towards being a linear system and honest actors are left at a disadvantage. The act of creating multiple identities with the intent of corrupting a system is known as a Sybil attack. This is an issue globally across many social systems including most legacy social media systems, such as Twitter and Facebook. Since it is obvious that narratives can be manipulated by controlling the frequency of certain hashtags, the incentives exist to manipulate social consensus through Sybil attacks. It’s the Sybil War. In this increasingly adversarial context, all applications in the future will require a degree of Sybil resistance. This is typically obtained, mostly ineffectively, by collecting some piece of identifying information, such as a phone number, or more aggressively, state issued identity documentation. In permissionless systems, this is an unacceptable solution.
Finance.vote utilises a novel system we call Decentralised Identity Tokens (DITs). These take the form of ERC721 compatible NFTs, which represent an identity within the system. Users will not be able to vote in the system without one and cryptoeconomic dynamics are used to prevent the trivial creation of identities
2.1. Decentralized Identity:
The DITs in the finance.vote ecosystem, contain the following information:
- The voting history of the identity.
- The reputation of the identity, denoted in voting power $V.
- An adoption metric, denoted by a number i.e., $FVT1 to $FVTn, where n is the issuance number.
- Metadata allowing customisation of the DIT look and feel.
A default skin for users’ will be generated in the Obelisk phase from procedurally generated art, producing a one of a kind artwork for each DIT. Certain numbers will have increased significance.
2.2. Identity Customisation:
The finance.vote digital identity tokens start as an NFT that simply contains users voting histories and therefore performance within the market. In the Obelisk phase of the network these will gain their own procedurally generated provably unique digital art. However, they are customisable to users preference and are intended to be used as avatars in the system. Users will be able to link their DIT with other NFTs they have purchased from a marketplace or from auction.vote, showcasing their art choices to other users on the platform.
2.3. If you can’t beat them, join them:
In the finance.vote ecosystem, Sybil resistance takes the form of ensuring that users cannot corrupt the consensus outcome by splitting votes across multiple ballots and fabricating multiple identities. In reality, this cannot be entirely stopped.
For that Finance.vote take an economic, pay-to-sybil mitigation approach, to reach a state where good intelligence on the number of Sybils in the system is known. Before a user can engage in voting activity on finance.vote, users must acquire a minimum of 100 $FVT, which will be sent to the identity minting address and burn, which assigns voting rights to a user Ethereum address. Only addresses, where a DIT is present will be able to vote, addresses with multiple DITs will be able to vote multiple times.
2.4. A cryptoeconomic Line of Defence:
Using a similar mechanism to that found in the auction.vote system, the price of DIT will increase exponentially based on demand. If a user buys an identity for 100 $FVT the price will double to 200 $FVT for the block immediately after the buy. This price will then decay at a rate of 1 $FVT per block until it reaches the price floor of 100 $FVT, unless a subsequent buy occurs at a price delta between 200 $FVT and the price floor.
All $FVT is burned on identity creation, ensuring that token holders benefit from adoption and Sybil activity.
An example buy sequence:
- The first user in the system purchases, FVT1 for 100 $FVT.
- Over the period of 100 blocks the price returns to 100 $FVT.
- FVT2 is bought for 150 $FVT and the price in the next block jumps to 300 $FVT, where the same user immediately purchases FVT3.
- The price is now 600 $FVT for an identity and users wait until the price decays until their perceived value of a DIT is reached.
2.5. Tradability:
Finance.vote DITs are tradable as are any other NFTs. Therefore, it is possible that users may be able to accrue reputation and therefore vote power on an identity and then realise that work and skill into a profit from their initial purchasing price. Users may also wish to trade identities for their aesthetic or perceived value based on their issuance number; lucky numbers are very real to some.
2.6. Decentralised Reputation:
Identities within the system are designed to allow users to accrue reputation based on their ability to make effective market predictions and influence consensus formation in the second layer governance system. These dynamics are difficult to Sybil. The nature of our chained voting system ensures that progressively correct accounts earn greater reputation and voting power over time and the likelihood that ua ser can successfully construct these accounts randomly as opposed to playing honestly diminishes over time.
3. Vote Markets:
The finance.vote network leads with a quadratic voting based prediction market system known as “vote markets”. The system is designed as a crypto economic game that marries governance with the markets. It is designed to aggregate collective intelligence from a distributed group of pseudo-anonymous crypto users who have their finger on the pulse of the crypto market.
Quadratic voting is used to generate a consensus in a perceived future market order. This is done by presenting each user with a token list that is by default ordered by the market. Users then spend a budget of vote power to create a new order, based on their perception of token quality and future potential market performance. The resultant aggregation of user ordered token lists creates a distribution of perceived market order in the form of a consensus list. At this point in the future, users are rewarded with a proportional share of a network generated reward pool depending on the proportionality of their correctness.
This simple mechanic becomes exponentially more powerful as new and diverse markets are added and as the power of the rules of the game is transitioned to token holders. Thus, the purpose of this game is to create an adversarial environment to release and battle test the quadratic voting technology, including the decentralized identity token system so that it can be used to aggregate and curate collective intelligence and reach effective decisions in the second layer governance system of finance.vote.
Vote markets properties:
One sided: Prediction markets are limited by adoption and liquidity, Similar to the issues seen with long tail assets such as those found in emerging altcoin markets, when liquidity is thin price discovery becomes difficult.
Prediction markets turn predictions into tradable assets. This is potentially profoundly disruptive and has the potential to create futarchy based DAO governance structures in the future. However, the fidelity of predictions is contingent on the number of players in the game and further, the depth of their order books.
A Vote / Market Window:
Each vote market comprises two time bounded windows, a vote window and a market window. In the vote window, users have a period of time to submit their votes, signalling their preferred market ordering, when this window closes, the market window opens. Here, no more votes are submittable and the predictions of voting users play out in the market. At the closing block of the market window, typically weekly at UTC market close, a snapshot of the top gaining token, is determined by a market oracle and is compared against the consensus state.
Token Rewards:
In the opening state of the system the reward pool is best conceptualised as an incentive for effective research. The cost of entry is the purchase of a decentralised identity token and the gas costs required to submit an on-chain vote utilising the vote market smart contracts.
The user vote pool share is allocated as follows:
Quadratic voting:
Quadratic voting first proposed by Glen Weyl and Eric Posner is a voting paradigm that is designed to allow users to vote more than once on a particular issue, moving beyond the 1 person, 1 vote (1p1v) paradigm conventional in most democratic systems. Instead, voters are allowed to buy more votes. The cost being that the more subsequent votes that are bought, the greater the cost by the square of the votes. This allows users, particularly those with minority views points to express their preference with more intensity than would be possible in a 1p1v system.
Meritocratic Reputation System:
In the initial markets of Finance.vote, users can amplify their vote power beyond the starting level by demonstrating a history of correct decision making in the markets, or by purchasing more identities.
Vote power in the system is denoted by the use of an internal vote power token $V. Every identity is airdropped a budget of vote power tokens to spend in each vote market in every voting window, we call this “Power UBI”. Each user starts with a Power UBI of 100, giving them 100 $V to spend on votes in a vote market. The base UBI level for each identity increases based on their history of correctness
For example, if a user votes on $TokenX 6 times in a “Winner” vote market and $TokenX is the highest gaining token at the end of the market window. Then that identity has spent 36 $V on a winning prediction and will therefore receive a 136 $V Power UBI from that point on. There is no reduction in this user’s UBI after this point. The reputation system is built on non-punitive, positive reinforcement only. This ensures that over time vote power balances and therefore sizes of claim on the reward pool will trend towards users with a history of correctness in the markets.
Minimal Cost of Entry:
Engaging in early altcoin markets is the best way to gain high risk / reward trades. It is also the best way to get rekt. With a heavy bias towards the latter. Finance.vote offers users the opportunity to make market bets on the altcoin markets without purchasing and holding the hyper volatile underlying assets. Once users hold a voting identity they get a free bet in every vote market on the finance.vote network, outside of the network costs of submitting the bet.
In subsequent vote market releases, it will be possible to stake $FVT to increase exposure to these bets, however in the early phases of finance.vote users won shares in the reward pool and gain vote power without requirement to stake capital.
A Gamified School of Decentralised Finance:
The vote markets allow users to engage with the market in a lower risk and downside protected environment, where they can hone their trading skills and build fundamental knowledge about the cryptospace.
Finance.vote identity holders will gain access to educational material that aims to boost users’ understanding of the decentralised technologies of the future. It is in the interest of the network to amplify the collective intelligence of its user base and this will take place at first in existing social media platforms and then on our second layer governance system, which will be a consensus curated dialogue and decision framework optimised for this purpose.
Price Discovery:
It is an existing paradigm in the cryptospace and indeed the wider market system to price productive enterprise relatively against one another. Is Microsoft better than Google? Is Aave better than Compound? Finance.vote vote market system asks this question consistently, cyclically and with a reputation system that ensures that market intelligence is rewarded for these activities.
Market capitalization and other metrics are a poor indicator of quality in the cryptospace, especially as token economics and inflationary dynamics in the token systems often lead to wildly inaccurate initial pricing of tokens.
II- Second Layer Governance: Bringing Politics to DeFi.
Problem:
- Many established networks lack any formal governance mechanism to receive accurate signals from their token holders regarding the future direction of the network.
- Loose and chaotic social signalling systems, such as Telegram and Reddit are ineffective for reaching consensus, are prone to spam and are an inconvenience for teams.
- DeFi DAOs are often heavily gated and cornered by asymmetric token issuances, meaning that users have no meaningful influence on the network.
- Permissionless systems allow projects to be easily cloned and users can be duped into buying fake tokens or engaging with projects that are outright scams.
Governance is what allows you to get things done as a collective. It is the process of making decisions about decisions. It is the act of generating effective processes that allow people to organise at scale and move towards a productive outcome. It is the reason why we have the modern civilisation that we have today, allowing us to form coherent social self-organised structures that churn out innovation and productivity. And now we are doing it on the internet.
It cannot be underestimated how important this transition is. Typically, the power to organise and work towards a productive outcome has taken place within the confines of institutions, organisations and firms, but now humans are coalescing in digital spaces and forming movements. They are not very productive yet and typically fall prey to the tyranny of structurelessness, but with blockchain based governance systems that could change.
The missing piece for decentralised global organisations is voting technology. Outside of the confines of institutional governance, there is no control of the narrative. No way to keep conversation on track towards a common goal. The establishment of norms within a group becomes tricky, as self-interested parties, consciously or otherwise, drag discourse towards their own goals. What they are missing is a means to reach consensus.
The finance.vote second layer governance system uses the construction of decentralised financial systems to experiment with ways to use voting technologies to experiment with social consensus formation.
Hierarchical Governance:
Governance at the protocol layer is a hotly contested narrative across the cryptospace. Cryptonetworks require consistency, transparency and incredibly high levels of security and this does not lend itself to particularly agile governance structures. Some networks have attempted to innovate beyond this and in many cases, it has led to corruption, collusion and sometimes outright failure of the tokens resulting in permanent loss of funds.
More recently, Decentralised Autonomous Organisations (DAOs) have become increasingly prominent in emerging crypto networks, especially in the DeFi space. They can allow substantial changes to take place, pivoting to new contracts and shifting monetary policy in ways that can have a large impact on token holders. They are risky and should be used sparingly.
For that Finance.vote proposed a multi-level hierarchical approach to governance, which separates high stakes reality altering decisions to a highly secure, scope limited “layer one DAO”. Thus, leaving the full gamut of decision making formation arising from dialogue and rough consensus formation to layer two miniDAOs.
Lobbying and Social Consensus Formation:
Up until now, DAOs have been poor places to engage in complex decision making. Typically, they are substantially gated, requiring sometimes exceptionally high token stakes to demonstrate any meaningful voice.
The finance.vote second layer governance system is designed to allow social signals to form, be amplified and captured in token specific miniDAOs. These systems will demonstrate the first use of the semantic ballot voting system outside of asset price discovery. Here, the system will be turned towards dialogue, content curation and decision making. It is the intention of this system to provide a space that users can reach consensus on what it is that they desire their chosen networks to focus on and move towards. It will be a space to share research, build knowledge and reach shared meaning.
The finance.vote semantic ballot voting system uses quadratic voting to build decentralised curation process. Decisions and proposals that receive sufficient consensus are able to transition to the layer one DAO, the DMF for consideration.
miniDAOs:
The second layer governance system is built to convert rough consensus and dialogue into actionable decisions in both the layer one DAOs of the finance.vote. With the integration of semantic ballot voting, miniDAOs are dialogic spaces driven by crypto-economics. Users are able to create their own votes, vote on discussion topics and curate ideads and sources.
The key to these spaces is content sorting. Users uses voting tools, that are live and battle tested in the adversarial environment of the vote market. Finance.vote therefore sits in the governance space in between the extremes of high-stakes, on-chain governance and the loose social consensus formation in channels such as Reddit and Telegram.
Block chain Agnostic:
As a governance system in the emerging DeFi space, blockchain interoperability is paramount for financev.vote.
Finance.vote will begin life on the Ethereum platform and will always have Ethereum based components, however, the second layer governance system will have several forked development trajectories across a range of blockchains; the miniDAOs is where these development trajectories are realised.
In order to bootstrap and showcase the second layer governance system, the finance.vote launch team commit to deploying the following miniDAOs:
- The $FVT miniDAO: Ethereum based.
- A $BTC miniDAO: Bitcoin based.
- One other; TBC.
Scalable voting:
The gas limitations in finance.vote vote markets are fundamental component in their crypto-economics. These network costs imply a base economic value for the $FVT economy. If users are willing to pay these fees in order to obtain $FVT, then $FVT has some value delta above the base cost.
However, in the second layer governance system the launching team wants dialogue; curated on-chain chatter. This needs to be as cost effective as possible, but maintain the necessary degrees of sybil resistance to keep these space spam free and the voting systems effective. Consequently, a funded multi-year research project has been opened to develop scalable voting systems for deployment in the finance.vote miniDAOs. This will include the formation of private voting solutions, whereby user identity can be selectively disclosed based on user choice.
Plutocray:
1 coin, 1 vote systems (1c1v), perhaps inevitably, trend towards exteme plutocracy. Highly uneven distribution of tokens is a feature of all token economies up to this point and this creates a significant issue in governance systems, as wealth turns from merely economic power, to coordinate power.
A central tenet of the finance.vote network is to explore mechanisms that break this direct correlation between wealth and power. This is done though the user of the identity linked vote power system, which in the vote markets is generated through meritocratic means. This alone, will generate a separation between token holdings and influence within the system and the main decision-making architecture will include both a wealth based and meritocracy-based dynamics.
The .vote consensus mechanism:
The .vote consensus mechanism is the means through which token stake is used to weight voting power in each of the miniDAOs in the finance.vote ecosystem. It utilises a pyramidic stacking mechanism to normalise vote power across a voting population, ensuring that large token holders do not have an extremely out weighted voice in the system.
Users are stacked in layers into staking slots according to the Fibonacci sequence. This status dynamic ensures that token holders can utilise their wealth to increase their influence, but not so unduly that they dominate the system to the point of corruption. The interplay between users’ $V balance will ensure that vote power is optimised to avoid plutocracy.
A single user with the highest token stake will have the highest weighted voice in that miniDAO. Token balances thereafter determine which tier of the consensus mechanism that they sit within. Each tier has a number of staking slots, which are populated by users based on their staked token balances. Each tier has the same staking power, but is shared between a greater number of people. The tiers scale in slot size out to infinity.
For example, a user with 100,000 $FVT tokens staked on the $FVT miniDAO has the highest stake on that node. The next nearest token balances are 95,000, 90,000 and 80,000. The 95,000 and the 90,000 stakers occupy the second staking tier and the 80,000 staker takes the third slot along with two others. The 100,000 staker has 1,000 $V and the 95,000 and 90,000 stakers have 500 $V, and next tier down have 333 $V and so on. This mechanism incentivises users to purchase $FVT to stake in their chosen miniDAOs to raise their influence in the social consensus formation process, but mitigates plutocratic power formation.
III- Decentralised Social Trading:
Problem:
- Although the cryptospace is trending towards being more collaborative, with pooled liquidity becoming the norm, how this is distributed to users will become fraught with governance complexity.
- There is currently nowhere to collaboratively trade and share market signals trustlessly within decentralised exchange space.
The finance.vote social trading system evolves out of the vote markets, into a gamified social trading system. The digital identity tokens utilised in the vote markets, earn reputation and therefore a rank in the system. This allows status systems to be generated such as social league tables, whereby NFT identities can be displayed in a list in accordance with their performance in the various vote markets.
Identity Staking:
Finance.vote social trading system begins by allowing quadratic votes made by an identity to be tokenised. This will allow users to accrue reputation through effective market predictions and allow other users to stake $FVT on their identity. Staking users will win, if that identity wins, with the host identity earning 10% of the profits. Staking positions take the form of ERC20 tokens ($SP tokens) that represent a stake position on a quadratic vote associated with a particular idendity.
This mechanism allows users to take delegated hedged markets bets against other staking participants in finance.vote vote markets. They are decentralised quadratic options generated by users with a history of market performace.
Micro Liquidity Pools:
Pro users will be able to create their own vote markets and design their own token lists. Private vote markets will be mintable with special DITs, that give permission to call a single vote market minting event. These special identity tokens will be auctioned periodically on auction.vote. Once minted, these DITs will be able to issue identities to participants in their own chat groups or preferred social media bubbles.
Now, a group of decentralised users will be able to trustlessly pool assets and create a dynamic micro liquidity pool of digital assets that can be rebalanced via quadratic voting based consensus. Users will hold LP tokens representing their stake in the micro liquidity pool and will be able to withdraw at any time after round resolution.
Gated Competitions:
Special periodic vote markets will be created that will only allow identities with a threshold rank to enter. For example, a “Pro” vote market is held where users with over 500 $V balances can enter. There are a limited number of voting slots, and the vote market contract only allows 100 identities to enter. After this, a voting windows is held on a governance determined token list and players play and stakers stake on their chosen identities.
IV- Governance:
The finance.vote governance architecture is intended to introduce a new paradigm of governance into cryptospace, utilising both a layer one DAO, the Decentralised Monetary Fund (DMF) and the Layer two $FVT miniDAO in a bicameral governance structure.
Users will be given the opportunity to materially shape the future of the network and progressively, layer on powers will be transitioned in their entirely to the token holders. $FVT will act as the governance token for the network alongside its incentive generating base utility properties as a cryptocurrency.
The Decentralised Monetary Fund (DMF):
The DMF will build a novel DAO pattern optimised for control of the finance.vote monetary policy to the token holders. The DMF sets the inflation rate by creating new reward pools and initiating new voting markets. It also controls the ecosystem development fund, which will add full transparency to the assets designed to maximise the impact of finance.vote ecosystem within the crypto community.
The $FVT MiniDAO:
The $FVT MiniDAO will showcase the potential of second layer governance by developing the finance.vote ecosystem in partnership with the users. A series of feature votes will be launched, early in the Pyramid phase, which will allow users to vote on future tournaments and reward pool sizing. The $FVT MiniDAO is where policy is debated prior to ratification and material shifts in direction of the system occur.
The path to Decentralisation.
The finance.vote network leads with an ethos of maximal decentralisation. That is, the team aims to disintermediate key network functionality throughout a phased deployment of the network, retaining control only where it is absolutely necessary. The network will be a permissionless system, creating an inclusive space where ideas can be negotiated and digital asset price discovery can take place through decentralised voting techniques
The network is deployed in a three-phase path towards decentralisation
Obelisk (From network genesis):
This is the launch phase of the network during which a number of key components of the system are introduced to the users, including auction.vote and the vote markets. It will not be possible from the outset to build these complex human interface features, without some degrees of centralisation.
In this phase a number of management keys exist that can, through human input, modify the rules of the game in such a way that they can be optimised for adoption based on feedback from the community. From the other hand, the voting system in this phased is turned towards the markets in an attempt to understand the context in which the network is launched. The launch team will use the data produced by this to build tools and infrastructure for education and collective intelligence building. Informed consensus is a progressive long-term process and it will be a responsibility of the network launch team to support in community understanding and knowledge building.
Pyramid:
In this phase the launch team will launch the second layer governance system, which aims to further empower the community with decision making capability on the network. In this phase, control of key system parameters are transitioned to the DMF and at an appropriate time the vote market management keys will be burned.
In addition, this phase includes the usage of the quadratic voting to turn dialogue into numbers, here rough consensus is aggregated so that it can be lensed into coherent decision making. This is a complex iterated process that will begin in this phase and will become a foundational paradigm of the network.
Throughout the pyramid phase, the finance.vote reputation will be tuned to ensure that a healthy mix of stake weighted and meritocratic consensus formation is used for key decision making. The system will be further hardened against sybil and collusion attacks.
Starship:
In this phase, full responsibility for the network will be transferred to token holders. All three initiating components; the vote markets, second layer governance and social trading will be deployed to mainnet and operating effectively. Each of these will have tunable parameters, with a history of effective decentralised decision making, with a clear trend towards systematic optimisation. By this point there will have been a number of successful quadratic funding sequences utilising the DMF treasury and a growing decentralised development community will be building on the network with a new roadmap that is currently unknown to the launch team.
In this phase the crowd will be in full control and all management keys will be burned. Responsibility for future development is now with the community and network leaders will be elected through decentralised direct democracy
V- Token Economics:
1. Design Philosphy:
1.1. Decentralized:
The finance.vote network is aiming for maximal decentralisation. That is, the launch team aim to be as decentralised as possible throughout the development trajectory. Necessarily, the network will launch with a pseudo-autocratic power structure, but this will progress towards decentralised direct democracy overtime.
From the outset, founders will manage some keys that hold final decision-making power for a period of time. These keys will be transferred to the crow once an effective governance structure has emerged. The Finance Vote Token ($FVT) makes this possible, it represents power in the system. The finance.vote ecosystem will pioneer a number of new voting systems that are designed for generating the progressive diffusion of power away from any central arbiter within the system.
1.2. Incentivized Action:
The $FVT token model is designed to generate user action through rational financial decision- making. Users will vote in the system if it makes sense for them to do so. In the world of crypto economics that means it makes financial sense.
All token systems must wrestle with the balance of distributing tokens to participants in order to incentivise adoption and network value dilution arriving from inflation. Adoption comes at a cost. Furthermore, the incentive dynamics are balanced in such a way that they generate adoption through a range of vectors targeted at different stakeholders, including market analysts, decision makers, workers and liquidity providers.
1.3. Responsive Governance:
Good governance is responsive. It is a system of decision-making that responds to the needs and desires of the participants effectively. The system is designed in such a way that users can build an understanding of key parameters in the system that can be tuned or optimised for maximum engagement and healthy ecosystem growth.
Finance.vote will release a range of voting mechanics that build the reputation of stakeholders in the system. User voting power will be scaled through a mix of meritocratic validation of decision-making history and token stake. Those that have the power in the system will be those that have earned it through participation and high-quality decision-making. Those users who are effective in other areas of the system will graduate to the main DAO, the DMF, which will make high level monetary policy decisions and decide how the treasury is spent.
1.4. Discourse:
The key to good decision making is dialogue. As the system develops, finance.vote launch team aims to find mechanisms to channe and focus discourse into decision-making. The second layer governance system will provide a space for crow curated user dialogue that can tangibly influence not only the system but others too.
It will be a platform for content aggregation, curation and collective learning. As the ecosystem develops an inclusive international community will be built, which aims to maximise understandability of the system and optimise for involvement in governance decisions.
1.5. Utility:
The Finance Vote Token will aggregate utility over time by integrating functionality determined by the needs of the system and the desires of the token holders. The system will hold day one utility. From the moment the token is tradable it will be exchangable for a voting identity in the system and usable within our vote markets. None of the systems functionality will be accessible without an identity.
There are three core aspects of utility that the founders are committing to deploying during the bootstrapping phase of the network: vote markets, second layer governance and social trading. The launch team believes that this utility set is strong enough to build a sustainable network, however this token economics system provides a substantial treasury which is to be spent on funding open innovation that falls within the emerging shared design philosophy of the system.
1.6. Identity Tokens:
Identity is a crucial component in voting systems. The approach used by finance.vote is to issue a decentralised identity token (DIT) to participants. These will take the form of NFTs that are tradable if the user desires. The cost of an identity token is dynamic (depending on demand) but begins at 100 $FVT. Users must burn this amount in our identity distribution system to obtain a DIT. This identity is linked to their voting history and their performance within the system. This will generate both a rank and a vote power budget $V, finance.vote internal cryptocurrency. They are pseudo anonymous but are a vector for building trust and reputation to participating accounts in the system.
1.7. Quadratic Voting:
Quadratic voting will change the world. It broadens the parameter space on decision making and is an ideal mechanism for filtering preference. Finance.vote will utilise this framework to build it’s governance system and seek to find effective mechanisms for channeling user action into productive network outcomes. Finance.vote utilises quadratic voting in a mechanism we call Semantic Ballot Voting. Users are provided a constantly replenishing budget of vote power ($V), which they distribute on votes through various mechanisms in the system. Typically, this action will involve sorting some list of semantic items (token cash tags in the first instance) by preference, through distributing $V quadratically
1.8. Education:
A crucial component of the finance.vote ecosystem will be building understanding across the community members of the kinds of systems the launch team is making decisions about. Good decisions arise through informed consensus. Asymptotically, the best players in this game will be those who can read code. Finance.vote will support the development of understanding through teaching and materials of how best to understand the cryptospace. The best researchers will win.
2. Token Metrics:
The $FVT token has an initial generation of 1 billion tokens.
These tokens are split into a set of tranches as follows:
2.1. Initial Distribution:
20% of the tokens are to be distributed to early adopting participants through a series of distribution rounds.
The first wave has concluded and took the form of two private rounds:
- Seed 6% tokens @ $0.007.
- Private 12% tokens @ $0.008.
Those participants that obtain tokens in these rounds are subjected to cliff-linear vesting over a period of 5 months.
The final 2% of these tokens will be distributed by a decentralised auction mechanism (auction.vote), which will go on to form a key component of the finance.
2.2. Team and advisor Stakes:
- 15% of the tokens are allocated to the founders of the network. These are released to the team using (6,3) year cliff-linear vesting i.e. vested for three years, with a 6 month cliff.
- 5% of the tokens are allocated to valuable strategic advisors. These are released individually to advisors using (6,2) year cliff-linear vesting.
2.3. Governance Incentive:
-10% of the tokens are to be distributed to voters of the system over a (6,5) cliff-linear vesting schedule. These tokens will be distributed to users proportionally to the number of $V spent in the system associated with their identities. We call this process vote mining and it is one of a number of mechanisms designed to break voter apathy in blockchain governance.
2.4. The DMF Treasury:
30% of the tokens will be distributed through (20,5) step vesting i.e. 20 tranches of 15,000,000 $FVT, in a lump sum for 5 years to the DMF treasury.
DMF funding tranches will be distributed via quadratic funding mechanisms to stakeholders who bid to do work for the network. If the DMF participants choose a proportion of each tranche can be burned, providing further control of the monetary policy.
2.5. Liquidity Pool:
- 20% of tokens will be utilised to bootstrap the liquidity of the finance.vote network.
The liquidity pool is split as follows:
- 2% of the tokens will be utilised as match liquidity in the initial distribution auction.
- A minimum of 9% are allocated to liquidity miners in the DEX space. Tokens in respective decentralised exchange pools.
- 9% of the tokens will be utilised to engage with the centralised exchange (CEX) space. These are unlocked from network launch, but will be utilised transparently so that users can understand monetary flows in the system.
2.6. Circulating Supply:
The aggregated emission from these schedules provides the following emission curve represented as a percentage of total genesis supply.
2.7. Inflationary Mechanisms:
The finance.vote core contracts hold the power to mint new tokens beyond the 1,000,000,000 $FVT at genesis. This is chosen to ensure that there is an open-ended solution to incentivising adoption. In the first instance a small amount of additional inflation is used to see liquidity for reward pools in the finance.vote vote markets, starting @ 100,000 $FVT per week/per market.
2.8. Deflationary Mechanisms:
In order for any user to take part in the system, they must first obtain a Digital Identity Token (DIT). In order to do this, users must obtain $FVT and burn at least 100 to take part. This introduces an adoption based deflationary dynamic to the system.
3. Emission Schedules and Monetary Policy:
The emission schedule of a token system determines the inflation rate of a token economy. It has recently become the trend to release entire token supplies in a matter of months if not weeks in the recent DeFi boom. This has led to hyperinflation and shot lived token economies.
Finance.vote launch team is not aiming for a multi generation store of value, neither are they are claiming to be “money”. The Finance Vote Token ($FVT) is a utility token, which provides users with access to a governance system.
The governance system acts as a kind of crypto economic hub, which the users will ultimately control. $FVT is required to access the system, without it you will not be able to vote or participate in the governance decisions.
3.1. Cliff-linear Vesting:
Cliff-linear vesting is a smart contract-based vesting schedule that we have decided to add confidence to emission schedules. The greatest threat to a token economy is a highly asymmetric token distribution, even worse if it is an unknown token distribution. A schedule has been programmed by the launch team, which releases a small proportion of tokens to network stakeholders in a lump sum, followed by a block-by-block distribution for a prolonged period of time.
It follows that:
3.2. Vote Mining:
A 100,000,000 $FVT(6,5) allocation has been granted to all voters in the system. This means that approximately 9,917,808 $FVT will be airdropped to voters 6 months after genesis and then continually at the same rate of 54,794 $FVT per day for 5 years. This allocation will be steered by the community throughout the 5 year vesting period. At the moment it is only possible to vote in our vote markets, but eventually vote mining rewards will be flowed to both our miniDAOs and the DMF to break voter apathy.
3.3. Pulsed Liquidity Incentives:
The provision of decentralised liquidity is a revolution. The dynamics of this activity are very early, however the dawn of the “agricultural revolution“ has introduced incentive dynamics to the liquidity provision process with demonstrable success. The launch team has created a tuneable system that will ensure that we maintain effective capital efficiency of our trading pools for the lifecycle of the network development, aiming to optimise for trade volume, market depts, inflation cost through dynamic incentives.
The approach that finance.vote follows to this is through adding a cyclical liquidity dynamic, with tunable parameters, that include pulse height, quadratic decay rate and a pulse width.
The result is a liquidity cycle producing periods where: yield is high, yield is low and a range of levels in between that drop quadratically between pulses. This provides LPs with short time horizon trading strategies with an opportunity to optimise their yield through complex farming techniques, or users with a longer term strategies deciding to stay the pool across cycles. The management of these parameters will be tuneable in the DMF and offer the possibility to minimize the impact of divergent loss by optimising for pool growth through governance activity.
VI- Team members:
The goal for any decentralised system, should be to make the initial founders irrelevant and that is why the FVT team consider themselves the “launch” team. The future team will be the token holders. They will be the agents of the future of this network and their token holdings will represent their power in the system.
- Dr. Nick Almond – Founder and Protocol Leader, Nick is a physicist by background, spending 10 years studying and working in experimental physics, culminating in a doctorate in biophysics and surface science. After a stint at an astrophysics research institute, he took a lectureship position teaching mathematics and cryptography, which is where he discovered Bitcoin. Over a seven-years period Nick transitioned into a range of academic senior leadership positions and took a disciplinary detour into education, learning theory and governance research. His academic career concluded with a role as an associate dean at the London College of Fashion, where he taught courses on emerging technologies and designed approaches for technology enhanced teaching practice. His passion is in blockchain technology and he believes that the ability to organise at scale using voting technologies will revolutionize the way that we live, work and learn in the future
- Twitter Account: https://twitter.com/DrNickA
- Christopher Smith – Blockchain Architect, Christopher is an established crypto innovator. He has spent many years as the co-founder and CTO of crypto projects including Lunyr and BitMesh. Christopher has also developed algorithms for IOT and deep learning applications. He was a PhD candidate in Mathematics and Computer Science and holds an M.S. and B.S. in Mathematics and Computer Science respectively
- LinkedIn Account: https://www.linkedin.com/in/christophersmith1024/
- Naomi Dara Harris – Brand & Product Creator, Naomi has been an early contributor in the blockchain and crypto space since 2015, and has been instrumental in defining and launching successful brands and projects, creating accessible products to drive adoption of crypto ventures. An integrated designer of over 12 years, Naomi has worked with global brands across many industries including fintech, healthtech, education, and renewable energy, building functional, memorable and business-driven branding, marketing and products.
- Twitter Account: https://twitter.com/naomidaraharris
- Louis Chang – Chief Creative Advisor, Louis is a creative, he honed his skills over 12 years, working for some of the largest creative agencies in the world including Saatchi & Saatchi, Ogilvy and JWT. He discovered Bitcoin in 2012 and in 2013 Founded Proof of Work, the worlds first crypto digital agency. PoW developed creative solutions for many large projects including Ethereum, MakerDAO & Cardano. During this time was also an organizer of Coinscrum, the then biggest Crypto meetup in the world. In 2017, he was approached by Dr Gavin Wood to become the Creative Director & Co-Founder of the Web3 Foundation. During this period, he presided over the Auction and Launch of the Polkadot protocol. He is now developing the Arkology Institute, an NGO designed to Protect medicinal plant Biodiversity and indiginous culture around the world. His role as an advisor at Finance.Vote consists of Digital Shoulder massages, Pep talks and the occasional Wisdom grenade… occasionally.
- LinkedIn Account: https://www.linkedin.com/in/louisc/
- Nicholas Gregory – Chief Technical Advisor, Nicholas is a cryptocurrencies Entrepreneur, Software Engineer and has been involved with bitcoin since 2012. Providing start-up support, Nicholas co-authored BIP175 of the bitcoin specification and has been instrumental in designing bitcoin protocols such as MainStay and Layer 2 Solutions. He has had leadership positions, building talented teams, in multiple Wall Street Investment banks. Nicholas developed many systems and programmes for a variety of companies and industries throughout his career, including Verizon, Capgemini, Merrill Lynch and JP Morgan. He delivered the first swiss regulated gold back token for DGLD and has provided enterprise bitcoin integration on cloud storage systems such as Google Drive and Dropbox. Today Nicholas is CEO of CommerceBlock and has been quoted in many major publications regarding cryptocurrencies and advisory work for government trade bodies.
- Twitter Account: https://twitter.com/gregory_nico
VII- Contact Information:
- Official website: https://financedotvote.eth.link/#/
- Medium: https://financedotvote.medium.com/
- Twitter: https://twitter.com/financedotvote
- Telegram: https://t.me/financedotvote
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