Boule: Voting on Badger DAO & Rari Capital

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.

Each boule member has 4 votes every month. They vote through ALDVOTE. As such, boule members need to consider their choice carefully and only vote for the project that they have most convictions on. They can either upvote or downvote a project.

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

1. Over 50% of boule members vote and a majority of the votes are “Yes”.
2. 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.

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:

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

Project 1: Badger DAO Badger DAO is an open-source, decentralized automated organization that is dedicated to building products and infrastructure of simplifying the use of Bitcoin (BTC) as collateral across many smart contract platforms.

The platform is a shared space where the developers, known as Badge Builders, have the ability to collaborate and implement Bitcoin as collateral to as many blockchains as possible. A developer can earn a percentage of the fees and BADGER tokens from the developer mining pool for every implementation. The mainnet was launched on December 3, 2020.

Official Website: https://app.badger.com Whitepaper: https://badger.wiki Twitter: https://twitter.com/badgerdao Medium: https://badgerdao.medium.com Discord: https://discord.com/invite/xSPFHHS Telegram: https://t.me/badger_dao

Project 2: Rari Capital Rari Capital is a non-custodial DeFi robo-advisor that autonomously earns users yield. It is an “open interest rate protocol” Fuse, through which people can create their own borrowing and lending pools.

Official Website: http://rari.capital Whitepaper: https://docs.rari.capital Twitter: https://twitter.com/RariCapital Discord: https://discord.com/invite/HzUMPuT Medium: https://raricapital.medium.com Github: https://github.com/Rari-Capital

Here is some introduction about projects above in AladdinDAO’s Boule Research Meeting. https://www.youtube.com/watch?v=D5_Lg3YX1nU

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.