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Metis Protocol: A Governance and Collaboration Implementation Framework for DAOs


Community Scalability





1 contributors


{"ops":[{"attributes":{"bold":true},"insert":"Painpoints to solve"},{"insert":": DAO is a great idea and practice, so we hope to bring it to a much wider audience - internet communities (may not in the blockchain field), and then we found that it is still of "},{"attributes":{"bold":true},"insert":"high stake"},{"insert":" (wallet, tokens, systems or DApps development needed) for the general internet communities to launch a DAO. And for the internet communities, "},{"attributes":{"bold":true},"insert":"voting"},{"insert":" (which most DAOs' governance protocols are focusing on) "},{"attributes":{"bold":true},"insert":"is only a small fraction of all the use scenarios"},{"insert":". Instead, they are more caring about how to buildup the collaborations with other trustless distributed collaborators and get things done, and how to protect the interest for all the collaborators. So, there is a big gap between the current DAO governance protocols and real needs.\n\n"},{"attributes":{"bold":true},"insert":"Solutions"},{"insert":": Metis Protocol hopes to bridge the gap via below mechanisms:\n \nMetis Protocol builds on an optimistic assumption that every distributed collaborator will act professionally to deliver what they promised promptly, and with the promised quality. So, Metis Protocol defines the Meta Staking Contract(MSC),  which leverages staking as the foundation of governance (relationship establishing, disputes resolving, and collaboration terminating among these distributed collaborators). Their collaboration relationship is established and activated after they staked some kinds of tokens onto the MSC (just like deposit onto a 3rd party escrow account). The stakes will act as the commitment and will be returned(along with the incentives and reputation power) if everything goes well. However, if something goes wrong in the process, the hidden governance mechanism will be triggered, the MSC will be frozen, the off-chain Arbitrator will jump out to help, and the deposit of the “bad party” will be forfeited to repay the “good party”, the reputation power of the “bad party” will be downgraded as well. The 'presumption of innocence' principle of the Metis Protocol makes it worry-free for these unacquainted distributed collaborators to establish the collaboration conveniently.\n \nMetis Protocol also designs the ComCo Management Framework, with which off-chain and digitalized tools will be used to implement the collaborations, and all the implementation has the track record on the blockchain to serve the governance mechanism. Collaboration management are placed onto the Optimistic Roll sidechain (high scalability, low cost, high privacy)to bridge the gap between off-chain value creation activities and on-chain governance. Distributed collaborators negotiate and confirm the collaboration details off the chain, then record the critical milestone information into the Transactions Statement Contract(TSC, deployed on the side chain) as the witness. The Framework also has the Microservice Tools Pool (MTP) to provide various microservice tools and APIs(wallet, wiki, chatroom, collaboration, compliance, etc.) for distributed collaborators to execute different business activities. The execution result of different stages will be stored as the track record and confirmed off the chain, and the updated state of the TSC will be synchronized to the main chain, which will trigger the MSC to allocate budget/incentives or call arbitration.\n \nMetis Protocol synergizes the merits from the Staking Economy, Optimistic Rollup, Smart Contract, and Microservice Framework, and also is thinking from the perspectives of the user experience, which will help to foster a simplified, fair, protectable, practical, and high-privacy environment for the Ethereum ecosystem to govern and manage distributed collaborations. \n \nWe hope to help the Ethereum ecosystem to cover more business scenarios. Operation teams(easy to launch a DAC and activate the community), distributed collaborators(worry-free environment to collaborate with others), and developers(ready-to-use APIs, templates, tools) in the Internet Communities, Blockchain Applications, Sharing Economy, Gig Economy, etc. will get benefit from our work.\n \nDefi will also get benefit from the Metis Protocol. Community members can stake or invest in different collaborative projects based on the track record of the project and the team, and can pull back their investment if something went wrong. So Defi users can gain access to the project value (win-win for both sides), while not just staking some tokens to gain the interest.\n\nWe hope Metis Protocol could be one of the backbone layer 2 protocols of the Ethereum ecosystem and contribute for the public good to boost the explosive development of Web 3.\n\nGithub: "},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://github.com/bossyuansu/metis"},"insert":"https://github.com/bossyuansu/metis"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"Publications on Hackernoon:"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://hackernoon.com/when-cross-domain-collaboration-meets-optimistic-rollup-051d32rf"},"insert":"https://hackernoon.com/when-cross-domain-collaboration-meets-optimistic-rollup-051d32rf"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://hackernoon.com/finance-future-of-blockchain-but-cross-domain-collaboration-is-3b5e32cz"},"insert":"https://hackernoon.com/finance-future-of-blockchain-but-cross-domain-collaboration-is-3b5e32cz"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://hackernoon.com/time-space-and-dacs-the-way-ahead-yhbo36s8"},"insert":"https://hackernoon.com/time-space-and-dacs-the-way-ahead-yhbo36s8"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#1155cc","link":"https://hackernoon.com/whats-wrong-with-the-token-economy-and-how-to-fix-it-hxhv32ws"},"insert":"https://hackernoon.com/whats-wrong-with-the-token-economy-and-how-to-fix-it-hxhv32ws"},{"insert":"\n"}]}

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