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By LumosCore
Decentralized Governance on Stellar Network. Create, manage, and participate in DAOs seamlessly, with transparency and efficiency.
1. LumosDAO Platform
What it is: LumosDAO is a blockchain-based platform built on Stellar-Soroban that streamlines the creation and management of Decentralized Autonomous Organizations (DAOs).
Problems it solves: 1. Simplified DAO Creation: It simplifies the typically complex process of creating a DAO, making it accessible to projects with varying degrees of blockchain familiarity. 2. Stellar-Specific Challenges: For Stellar-based projects, LumosDAO eases the challenges related to setting up DAOs on the Stellar network by automating tasks like trustline creation, token issuance, and hosting of toml files. 3. Fairer Governance: It promotes more equitable voting governance by factoring in user engagement, Stellar wallet activity, and token holdings when calculating voting power.
Audience: LumosDAO serves blockchain projects, especially newcomers and Stellar-based ones, offering easy DAO setup and fairer voting to project teams and members alike.
2. Public Voting Power Calculator
What it is: LumosDAO's upcoming feature, a Public Voting Power Calculator, will provide transparent insights into how voting power is determined for each proposal on the platform.
Problems it solves: This tool addresses the issue of opaqueness in voting power calculations. It offers users clarity and insight into why votes hold specific weights.
Audience: LumosDAO members will benefit from this feature as it fosters trust and transparency in the voting process.
3. User Profile
What it is: LumosDAO's User Profile functionality tracks and displays the activity of connected wallets, including DAO joins, proposal creation, and participation.
Problems it solves: It mitigates the lack of visibility into user history within the DAO. Users can gauge the trustworthiness and activity of a wallet by reviewing its past actions.
Audience: LumosDAO members will gain insights into the credibility and engagement of their peers, fostering a more informed and collaborative environment.
4. Activity Explorer
What it is: The Activity Explorer will publicly showcase all transactions and activities that occur on LumosDAO, promoting transparency.
Problems it solves: It addresses the lack of easily accessible records of activities within the DAO, making LumosDAO's operations open and accountable.
Audience: This feature benefits anyone interested in LumosDAO's ecosystem, ensuring that all activities are traceable and verifiable.
How will LumosDAO use Stellar/Soroban blockchain:
1. Wallet Connection: We will integrate Stellar-based wallets like Freighter, Rabet, Xbull, and Albedo for user authentication and transaction signatures, providing a secure and seamless user experience. 2. Token Issuance via Smart Contracts: LumosDAO will leverage Soroban smart contracts to automate the issuance of new tokens. These tokens will act as the DAO's native currency for governance and other activities within the DAO. 3. Automated Trustline Issuance via Smart Contracts: Soroban smart contracts will be used to automatically issue trustlines for DAO members, enabling them to hold and transact in the DAO's native token. 4. TOML File Management: We will adhere to Stellar's TOML standard for asset documentation. Smart contracts will be deployed to auto-generate and host TOML files for new tokens and to fetch TOML files for existing tokens. 5. Voting Mechanism via Smart Contracts: Governance votes will be recorded on Stellar blockchain using Soroban smart contracts. These contracts will calculate voting power based on predefined factors such as token holdings, DAO activity, and wallet metrics. 6. Data Retrieval and Storage: Stellar Horizon servers will be used for fetching transaction history and other blockchain data, to be utilized in governance model calculations. 7. Public Code Verification: All smart contracts and associated code will be publicly hosted on GitHub for verification, adding an extra layer of transparency and security.
Through these specific implementations, LumosDAO aims to harness the full capabilities of Soroban blockchain's smart contract features to create a robust, transparent, and efficient DAO ecosystem.
$54.0K
Raza Rizvi (Co-founder & Lead Dev): X.com | LinkedIn | Telegram | Discord: raza.rizv1
Raza brings 9+ years of blockchain development experience. At LumosCore, he defines the platform’s vision and roadmap while leading its technical development.
Abeeha Zaidi (Co-Founder & Marketing Manager): X.com | LinkedIn | Discord: abihabatool
Abeeha oversees marketing strategy, content across social media, design tasks, and coordination of community managers.
Saif Hasmi (QA Manager): X.com | LinkedIn
Saif ensures platform quality by testing features, identifying bugs, and implementing fixes to enhance user experience.
Maha Zehra (Community Manager & Moderator): Telegram | LinkedIn
Maha manages LumosCore’s community engagement on Telegram and X, fostering growth and user interaction.
Bunmi Crypto (Social Media Moderator): X.com | Telegram
Bunmi supports community moderation and engagement across Telegram and X, helping maintain active user participation.
Abeeha Batool
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