Longevity Foundation: Perspective on Decentralized Autonomous Organization for Special-Purpose Financing

Bischof, Evelyne; Botezatu, Alex; Jakimov, Sergey; Suharenko, Ilya; Ostrovski, Alexey; Verbitsky, Andrey; Yanovich, Yury; Zhavoronkov, Alex; Zmudze, Garri

doi:10.1109/access.2022.3161392

Cited by 19 publications

(16 citation statements)

References 52 publications

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“…Typically, platforms obtain values from oracles at desired intervals. Nevertheless, in times of crisis [39], delays may occur, leading to deviations and unstable values as shown in [40]. Moreover, the unique features of DeFi pose challenges for new risk models.…”

Section: Related Workmentioning

confidence: 99%

Loan Portfolio Dataset From MakerDAO Blockchain Project

Chaleenutthawut,

Davydov,

Evdokimov

et al. 2024

IEEE Access

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Decentralized finance (DeFi) offers a range of financial instruments and services that leverage the capabilities of web3 technology. Maker protocol, which enables users to obtain loans backed by cryptocurrencies, is one of them. Unlike traditional banks, Maker's data is transparently recorded on the Ethereum blockchain. In this research paper, we focus on analyzing the lending aspect of Maker from a traditional finance perspective. To achieve this, we create a unique dataset with loan portfolios from the MakerDAO project, making it the first dataset of its kind in the DeFi field. This publicly available dataset contains essential financial characteristics related to borrowing, including balance, loss given default, annual equivalent rate, and probability of default. Additionally, we develop a specialized mathematical model tailored specifically to this project. This model allows us to estimate the probability of default by considering the presence of crypto-collateral and utilizing Brownian motion passage levels. The results of this study provide valuable insights into lending practices in DeFi projects. They also help bridge the gap between traditional finance and blockchain-based financial services.

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Section: Related Workmentioning

confidence: 99%

Loan Portfolio Dataset From MakerDAO Blockchain Project

Chaleenutthawut,

Davydov,

Evdokimov

et al. 2024

IEEE Access

Self Cite

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“…Buterin (2014) advocated DAO’s as pseudo-legal organisations designed for decentralised transactions executed by digitally governed authenticated network nodes (participants) and software robots (codes) as SCs. Self-organisation is the native principle of DAO solutions that can be applied to special-purpose financing to streamline legacy systems and manage the governance model crisis (Bischof et al , 2022). In the past five years, DAO has been used to conceptualise many decentralised systems expecting autonomous self-governance arbitrated by rules, codes of conduct, compliances and standards in the form of blockchain contracts (Hardjono et al , 2019; Singh and Kim, 2019).…”

Section: Theoretical Background: Decentralised Autonomous Organisatio...mentioning

confidence: 99%

A study on blockchain-based marketplace governance platform adoption: a multi-industry perspective

Saurabh,

Upadhyay,

Rani

2023

DPRG

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Purpose Decentralised autonomous organisations (DAOs) are internet-native self-governing enterprises where individual groups, communities, agencies, consumers and providers work together using blockchain-led smart contracts (SCs). This study aims to examine the role of DAO marketplaces in technology-led autonomous organisation design for enterprise technology sourcing industries, with algorithmic trust and governance. Design/methodology/approach The authors examined the importance of an enterprise marketplace governance platform for technology sourcing using DAO as a decentralised/democratised business model. A total of 98 DAO products/services are evaluated across 11 industries that envisage DAO as a strategic choice for the governance of decentralised marketplace platforms. Findings The research findings validate how a DAO-led enterprise marketplace governance platform can create a cohesive collaboration between consumers (enterprises) and providers (solution vendors) in a disintermediated way. The proposed novel layered solution for an autonomous governance-led enterprise marketplace promises algorithmic trust-led, self-governed tactical alternatives to a strategic plan. Research limitations/implications The research targets multiple industry outlooks to understand decentralised autonomous marketplace governance and develop the theoretical foundation for research and extensive corporate suitability. Practical implications The research underpinnings boost the entrepreneurs’ ability to realise the practical potential of DAO between multiple parties using SCs and tokenise the entire product and service offerings over immutable ledger technologies. Originality/value To the best of the authors’ knowledge, this research is unique and the first of its kind to study the multi-industry role of algorithmic trust and governance in enterprise technology sourcing marketplaces driven by 98 decentralised and consensus-based DAO products across 11 industries.

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“…Bischof et al [14] accentuate that DAO has materialized to elevate self-organization to phenomenal peaks. Nevertheless, despite its immense potential in special-purpose financing, compliance conditions necessitate the presence of a central authority within the DAO governance model, which can facilitate the implementation of DAO decisions that involve interactions with traditional legacy systems [14]. The problem is that the current state of DAOs needs a standardized decentralized solution for crisis management [14].…”

Section: Decentralized Autonomous Organizations Aids Special-purpose ...mentioning

confidence: 99%

“…Nevertheless, despite its immense potential in special-purpose financing, compliance conditions necessitate the presence of a central authority within the DAO governance model, which can facilitate the implementation of DAO decisions that involve interactions with traditional legacy systems [14]. The problem is that the current state of DAOs needs a standardized decentralized solution for crisis management [14]. The authors did not state the research questions.…”

Section: Decentralized Autonomous Organizations Aids Special-purpose ...mentioning

confidence: 99%

Exploring the Landscape of Decentralized Autonomous Organizations: A Comprehensive Review of Blockchain Initiatives

Olaniyi,

Olabanji,

Okunleye

2023

JSRR

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The present study aims to investigate the DAO initiative and scrutinize the diverse methodologies researchers employ for data collection in this area, highlighting any unresolved problems or limitations and suggesting approaches to enhance blockchain technology for future investigations. A remarkable blockchain initiative is the decentralized autonomous organization (DAO), a decentralized blockchain technology system that lets people self-govern through self-executing rules. The methodology is a qualitative analysis that uses contractual and business aspects to create a legally binding smart contract for DAO collaborations; thus, SPESC and Symboleo are smart-contract languages (SCL) that can involve IT and non-IT individuals in contract development. Blockchain technology has created Decentralized Autonomous Organizations (DAOs) that perform autonomously through smart contracts within their ecosystem without the necessity for centralized control or third-party intervention.

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Longevity Foundation: Perspective on Decentralized Autonomous Organization for Special-Purpose Financing

Cited by 19 publications

References 52 publications

Loan Portfolio Dataset From MakerDAO Blockchain Project

Loan Portfolio Dataset From MakerDAO Blockchain Project

A study on blockchain-based marketplace governance platform adoption: a multi-industry perspective

Exploring the Landscape of Decentralized Autonomous Organizations: A Comprehensive Review of Blockchain Initiatives

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