[Grant Proposal] DAOsign

Proposals Grant Proposals
#1

TLDR

DAOsign is a decentralized platform for agreements and automated workflows, with publicly verifiable, cryptographic proofs-of-signature, designed for DAOs and WEB3 companies.

Verifiable Signature is at the core of DAOsign and is based on 3 key proofs: proof-of-identify, proof-of-authority, and proof-of-agreement. Utilizing these proofs, DAOsign provides a platform to design and configure complex workflows that combine smart-contract-based automation with authorized approvals.

DAOsign provides publicly verifiable cryptographic proofs; secure, transparent and automated processing of complex Agreements and Policies.

Furthermore, DAOsign provides robust Governance and Policy Builder platform to provide governance, workflow automation and controls for organization policies and procedures.

Problem / Opportunity

Traditional methods of signing agreements, such as paper-based systems or legacy e-signatures, are prone to fraud and lack transparency, and offer no solution for verification of the signer’s identity or signer’s authority to execute the agreement. Instead, these systems rely on costly legal proceedings to enforce agreements.

Funding Milestones and Payments

Milestones & payments:

MVP on Testnet + Mainnet - $50 000
Blockchain Integration - Q3 2023
Snapshot + GPT3 Integration - Q3 2023
Agreement Invoicing - Q4 2023
Plugins Marketplace and Tokenization - Q4 2023

Total payment: 50 000$USD

Payments will be made to the following Ethereum address: 0x793F7a7542c14088dbF58A19d2687FB9E7A79482

We consider ourselves independent contractors of the Rarible DAO and will report taxes accordingly. Forms W8-BEN and W9 will be filled out accordingly before funds get distributed to our team.

Use of funds

MVP on Testnet + Mainnet - $50 000
Funds will be used for the development and for payments to developers.

Business Model

We are currently considering a few types of the freemium model:

  • subscription-based
  • transaction-based
  • token-based pricing model

The revenue part requires additional research, and we will appreciate your feedback and support with the further analysis.

Team Members

Eugene Fine (CEO & Founder) - Over 20 years building, scaling, and managing technology organizations. Recent experience includes a CTO role at Explorer Surgical Corp., which was recently acquired by GHX, and VP of Engineering at GHX. Eugene is a founder at consideritdone.tech, a Blockchain/WEB3 development studio.

GitHub: https://github.com/ConsiderItDone

LinkedIn link: https://www.linkedin.com/in/eugenefine/

Ramil Amerzynov (CTO) - 15+ years building complex technical architecture and software solutions., focusing on Blockchain/WEB3 technologies over the past 7 years. Recent projects include the Fractional CTO role at Landslide Network and CTO role at consideritdone.tech.

GitHub: https://github.com/ramilexe

LinkedIn link: https://www.linkedin.com/in/ramil-amerzyanov/

Misha Kushka (Technical Lead) - 6+ years developing Blockchain/WEB3 technical architecture and software solutions. Recent projects include Lead Technical Architect roles at Akiva Capita! Holdings and Avalaunch
GitHub: kushkamisha (Misha Kushka) · GitHub

Oleksandra Burmenska (Head of Partnerships) - Over 10 years of experience in Business Development and Management roles in Technology organizations, focusing on Blockchain/WEB3 technologies over the past 5 years. Recent projects include contributions to NEAR, Axelar, GnosisSafe, and Avalanche ecosystems

GitHub: github.com/burmenska
LinkedIn link: https://www.linkedin.com/in/oleksandra-burmenska/

The contact person for this project will be Oleksandra Burmenska. Their contact information is sandra@daosign.org and their Discord handle is #vientosolar

We have been working together a long time and here is our portfolio with the previous projects: DocSend

Accountability

Our project will attend weekly community calls, and provide updates on our milestones as we make progress. In the event that we can’t fulfil our commitment, funds will be returned to Rarible DAO. We will also work with community members to ensure updates are distributed through the Rarible communication channels.

Why should Rarible DAO fund this?

Funding the agreement-signing tool would greatly benefit Rarible DAO and its RARI token holders. By DAOsign, Rarible DAO can streamline governance processes, enhance RARI token utility, showcase innovation, engage the community, and contribute to broader ecosystem growth. This benefits RARI holders through efficient decision-making, wider utility, and a stronger community.

Useful Links & Media

#2

StableLab is strongly against this grant proposal

The proposal feels very copy-pasted and lacks any specification as to how it provides unique value to Rari. Additionally, the proposal budget is very vague. There is no breakdown of how this $50,000 would be spent.

For a grant this big we would like to see a clear justification for how the grant will benefit the DAO such as resulting in more revenue, more users, or an improved product. $50,000 is a lot of money, especially during a bear market. These funds should be used to fund other initiatives that could provide more value to the DAO.

For these reasons, we would vote against this proposal should it go to vote.

3 Likes
#3

We appreciate your feedback regarding our grant proposal. We understand the importance of providing clear and unique value to the Rarible DAO. While our initial proposal may have lacked specificity, we are committed to addressing these issues and providing a more detailed breakdown of how the funds would be utilized.

Our intention is to create a tool that not only benefits the DAO but also enhances user experience, streamlines processes, and potentially attracts new users. We are open to discussing any further details to ensure the alignment with the DAO’s goals.

Also, here is one of the use cases for foundation purposes, which describes how RaribleDAO can benefit from the DAOsign tool:

image
image1402×772 52 KB

Of course, the requested grant amount as well as the scope of the grant are negotiatable. We would be happy to discuss technical details further if the idea of DAOsign sounds interesting to you.

#4

I oppose this proposal.
Without a more detailed description of all the use cases where DAOsign can provide value to Rari DAO, it is difficult to justify such a high funding request.

Furthermore, for this proposal to have a more solid foundation, it is important to understand how Rari DAO manages contracts, invoices, and other agreements. It does not appear that this part has been researched or discussed carefully.

1 Like
#5

Thanks @Tania

Can you please help us understand:

  • What stage is the product at currently?
  • Is there a public demo avaliable of the product?
  • Have any other DAOs or investors invested in this project? if yes, how much?
  • What is the concrete value that you can promise to the DAO from this investment?
#6

This proposal will need further breakdown with regards to the use of funds, as well as management and security of the Cryptographic Proofs/agreements/signers.

Also, an elaborate wording of the benefits would highlight the positive impact of DAOsign to Rari DAO.

#7

Hello!

Thanks for your feedback! Currently, our product is on Testnet. DAOsign already allows users to store proofs of signature in the IPFS, Ethereum launch is planned in the nearest week. Also, we are a SUI grant recipient, so DAOsign users will be able to use the SUI blockchain for proofs storing purposes in the near future as well. As for the demo, we do not have it available for the public, but we would be happy to have a call with a Rari team and demonstrate DAOsign. Also, our team is working on expanding the number of use cases (we would be happy to tell you more about that during the call).

Honestly, I’m not on the tech side of the team, so it’s hard for me to explain everything in detail. But it would be great if you could find a time for a quick call with our tech representatives, so they could answer all your questions. And I’m sure that we could adapt to the requirements of your DAO and its users, improving your governance.