Boule: Listing Notional.finance & Bancor V3

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 1: Notional.finance Notional is the first decentralized, Ethereum-based protocol for borrowing and lending at fixed rates and fixed terms. With variable rate lending, DeFi can only serve a small segment of the crypto lending market because variable interest rates don’t provide the certainty that lenders and borrowers require. Notional fixes this by creating a true market for lenders and borrowers that democratizes and empowers individual investors, business owners and institutional investors.

Right now, users can borrow or lend USDC & DAI for up to one year, and ETH & WBTC for up to six months from Notional's on-chain liquidity pools. With Notional's V2 upgrade, liquidity providers enjoy a low-touch experience, and no longer need to roll their debts to new maturities as it is done automatically through the use of nTokens, ERC20 tokens that represent a user's share of the liquidity pool.

Website: https://notional.finance Whitepaper: https://docs.notional.finance/notional-v2/ Twitter: https://twitter.com/notionalfinance Github: https://github.com/notional-finance/contracts

Project 2: Bancor V3 Bancor consists of a series of smart contracts that manage the on-chain conversion of tokens. The protocol makes it effortless and quick to convert tokens without having to go through an exchange. The protocol's smart contracts manage the liquidity pools that connect various tokens available in the network.

The major token used on the network is the “Bancor Network Token,” BNT. Currently, Bancor and Uniswap are the frontrunners for this new DeFi trend.

Official Website: https://bancor.network Blog: https://blog.bancor.network Whitepaper: https://docs.bancor.network Twitter: https://twitter.com/Bancor Github: https://github.com/bancorprotocol/

Here is some introduction about projects above in AladdinDAO’s Boule Research Meeting. https://www.youtube.com/watch?v=tQgdihBX8eY

Notional.finance Introduction https://youtu.be/iGNaRoMBavQ

Bancor V3 Introduction https://youtu.be/ioCm4CNcLhw

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.