Boule: Listing Gro.xyz & Tokemak.xyz

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: Gro.xyz

Gro protocol is a stablecoin yield aggregator that tranches risk and yield. The first two products built on it are the PWRD stablecoin with deposit protection and yield, and Vault with leveraged stablecoin yields.

The protocol delivers the best DeFi yield by continuously optimising a range of market neutral yield strategies, including lending income, trading fees from Automated Market Makers, and protocol incentive farming. What makes it unique is the Gro Risk Balancer, a novel risk tranching module that distributes smart contract and stablecoin risk in a targeted way.

Initially the protocol is launching two risk- and yield-tranched products: the PWRD stablecoin and the Vault. All deposits are algorithmically and non-custodially allocated to a set of strategies. Depositors into the Vault receive a higher proportion of system yields but also take on extra smart contract and stable coin risk. Inversely, the PWRD stablecoin receives a smaller portion of the system yield but is protected against these risks.

Website: https://www.gro.xyz Whitepaper: https://docs.gro.xyz/gro-docs/ Twitter: https://twitter.com/groprotocol Telegram: https://t.me/gro_discussion Discord: https://discord.com/invite/aNprNWqjQ4

Project 2: Tokemak.xyz

Tokemak is a decentralized liquidity providing/market making protocol designed to create efficient, sustainable liquidity across DeFi. Tokemak's native token, TOKE, serves as tokenized liquidity, enabling stakers to direct the protocol's TVL as liquidity across DeFi markets, beginning with SushiSwap, Uniswap, Balancer, and 0x.

Website: https://www.tokemak.xyz Whitepaper: https://docs.tokemak.xyz Twitter: https://twitter.com/tokenreactor Medium: https://medium.com/tokemak Discord: https://discord.com/invite/Z5f92tfzh4

Here is some introduction about projects above in AladdinDAO’s Boule Research Meeting. https://youtu.be/9Xt377pH1oM

Gro Intro https://youtu.be/ZNU4wq_jB3k

Tokemak Intro https://youtu.be/I4Fxve4nuYI

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.