MakerDAO is a decentralized organization dedicated to bringing stability to the crypto economy through Dai, the world’s first stablecoin on the Ethereum blockchain. A ‘stablecoin’ is a cryptocurrency that has low volatility relative to fiat currency, making it a more useful form of digital money. One of the main criticisms of today’s popular cryptocurrencies is that their rampant volatility inhibits them from realizing their primary use case: a medium of exchange. Dai eliminates the volatility of other crypto-currencies through an autonomous system of smart contracts, specifically designed to respond to market dynamics.
We’re looking for creative submissions that incorporate Maker infrastructure and utilize Dai either as a product or as a platform with an emphasis on leveraging new technologies that lower the barrier to entry for new crypto users. Just as web users aren’t required to understand TCP/IP, we need to remove the ‘crypto’ from crypto. Research and implement initiatives like universal logins, meta-transactions, recurring payments, gas relays, second layer solutions, or any anything else that can help increase adoption.
Dai as Product Challenge
Create a novel, Dai based marketplace. It should be highly usable, mobile friendly, have a low barrier to entry and be broadly applicable to both developed and emerging economies. Try to find a niche that hasn’t already been filled.
Dai as a Platform Challenge
Create a novel Dapp that utilizes the Dai Credit System (i.e. Collateralized Debt Positions, or CDPs). Try to avoid niches that have already been filled in the 3rd party ecosystem.
Governance Models and DAOs Challenge
Voting mechanisms on the blockchain could easily fall victim to bribery, malicious voting, misleading propaganda campaigns, and other risks inherent to direct democracies. What can we do to protect ourselves from these types of DarkDAO attacks?
Create a tool that can detect and alert on malicious voting activity, the emergence of plutocracies, and/or other “DarkDAO” type attacks by examining blockchain and voter behavior.