Treasue Dao

Treasure Dao is a club investment platform to manage funds.

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Inspiration

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. 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 Træsury Dao was born

What it does

Treasure Dao allows you to manage investment clubs, and to spread access to participate in investment funds to anyone, decentralized, agile, and without bureaucracy. To this end, Træsury, through these investment clubs, people can:

  • Create investment clubs: Just define a name and the club will be associated with the account of the user who creates it (owner).
  • Join or leave clubs: Anyone with an aeternity blockchain account can join the available investment clubs, as well as leave one, with just a couple of clicks.
  • Contribute to the club: Any member of a club can contribute to the common fund (pool), depositing AE 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.
  • Time Limit voting: After creation of proposal member can only vote till 5 minutes at the time of creation after that voting dashboard will close.

Restrictions

The Træsury 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.

How we built it

  • frontend: For building Frontend I used React js and talwind CSS

For the backend, a Smart Contract developed with sepolia testnet is used. The Smart Contract code is available on GitHub and is published and it's address is 0xcBbAeBdC163e0Cd487903c85213b7F5629a03F8A

I deployed this on vercel

**I can also use metamask or any wallet for login/signups but for demonstration I used the Inbuilt wallet as I am facing some issue in the metamask integration.

Challenges we ran into

  • Understanding Dao is very critical and took me more than 4 hours to get the best idea to build
  • I faced lots of issue in smart contract as I have to manage all the funds, proposal, voting periods and many more things but at the end I enjoyed a lot during the building time.I preferred that all It was 100% web without a backend other than the smart contract, so any other developer or person can test it in any environment.

Accomplishments that we're proud of

What I am most proud of is the learning process, as I have many ideas and project initiatives for Web 3.0,, they became a relevant opportunity to carry out such projects.

What we learned

I learned about Dao and see the beneficial use case of using this. I also created the smart contract using sepolia which is Eth testnet and I learned how to code much and better in solidity.

What's next for Treasue Dao

At the project level, with Træsury we want to apply for Grants from the aeternity Foundation, and funds to transform Træsury into a complete venture capital fund management system to continue evolving.

While at a technical level, we will work on:

  • Publish in Eth mainnet.
  • Will use wallet integration for login/signups
  • Allow whitelist so that only selected members can join the funds.
  • Manage private funds (not visible to everyone).
  • Add more parameters, such as the minimum amount to be a member of a club, and the number of approvals before executing a proposal, among others.

Additionally, we hope to be able to participate with aeternity to learn more and create different products and services.

Built With

  • dao
  • react
  • sepolia
  • talwindcss
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