Boule: Listing 88mph

Liquidity Curation through Big Brains

As a group of world class experts in DeFi, the AladdinDAO Boule are responsible for identifying and voting the most promising DeFi projects and enabling AladdinDAO community members to enjoy the returns of their liquidity mining programs.

Voting Mechanism

Any project can apply to be listed on AladdinDAO. However the project needs to be nominated by at least one boule member to initiate voting process.

Boule members vote through ALDVOTE. They can either upvote, downvote or be neutral to a project.

For any project to be listed on Aladdin for liquidity mining, they must fulfill at least one of the following criteria:

Over 50% of boule members vote and a majority of the votes are “Yes”. The percentage of “Yes” votes is 20% more than the percentage of “No” votes. These criteria ensure that sufficient consensus can be achieved, given the high costs associated with listing new projects. They also prevent potential attacks and collusions during the voting process.

Since 31 OCT 2021, if boule think they don’t have enough information about the project or if they are neutral to the project, a neutral vote is added to the yes or no vote. Neutral votes will not be used to calculate boule member performance.

Here is the details about the new change: https://snapshot.org/#/aladdindao.eth/proposal/0x85ddf0750dee14e450f10ea2e44645dd382b04f42daf5bb49e6647b0d5906fc2

Veto

Decision overturn: If any boule member strongly disagrees with the Boule’s decision, they can call for a vote by all ALD token holders. A decision can be overturned if the below conditions are met:

A quorum of over 20% circulating token holders participating Over 51% agreement

Project: 88mph

88mph offers two non-custodial on-chain products:

A fixed-term fixed-rate yield product acting as an intermediary between you and third-party variable yield rate lending protocols to offer the best fixed yield rate on your capital, with a custom or preset maturity.

A yield speculation instrument, called Yield Tokens (YTs), allowing users to speculate on the variable yield rate of third-party protocols such as Compound or Aave.

By using these products, users receive MPH tokens that can be staked to earn protocol revenues and exercise voting rights.

Website: https://88mph.app Whitepaper: https://docs.88mph.app Twitter: https://twitter.com/88mphapp Telegram: https://t.me/join_88mphapp Discord: https://discord.com/invite/95pw2uQ7PE Medium: https://medium.com/88mphapp

Here is some introduction about projects above in AladdinDAO’s Boule Research Meeting. https://youtu.be/TXmjOzAm0Ok

You may only cast one vote (either Yes/No/Neutral) for each project, otherwise it will be considered invalid. Only Yes and No votes will be counted as part of performance/rewards calculations.