Yurov Anton

🎉 I wanna share that I won a Taiko Community Grant for my project called offch, thanks @taikoxyz 🎉 offch proposes a trustless off-layer 1 voting approach. To simplify — with offch DAOs token holders will be able to vote for proposals on Taiko Layer 2 or Layer 3. Taiko blog post: taiko.mirror.xyz/D4dthrBfRz_… Benefits: 1. Voting will be 1000x times cheaper 💸 2. More people would be able to vote 🙋‍♂️ 3. Centralized platforms like snapshot.org can be replaced with an open and trustless approach 🤟 Let's go through the showcase 👨‍🔬. I found the most active proposal of Uniswap for the last year - their DAO is Ethereum based. We can see that they have a huge total number of holders, but only less than 10% converted their tokens into voting tokens and only 3% of voters participated in the most active proposal. And the reason may be that the cost of each vote is more than $2 (and it's not a high demand season for Ethereum). So users had to lose $2.500 just to vote for one proposal. A few words about implementation 👨‍💻 The idea utilizes Merkle Proofs 🧾 to verify at Taiko L2 that the user has some number of tokens at a specific block number. This is possible because Taiko smart contract stores block hashes of the L1 blocks. I'm going to explain how this works in another thread 👀 There are no oracles transmitting block hashes from L1 to L2. All blocks are proposed to Ethereum based smart contract and then cryptographically verified by provers. Details can be found in the Taiko documentation — taiko.xyz/docs/concepts/brid… By using Taiko Signal Service 🌐 it's possible to create L2 vote from the DAO based at L1 and send results of the vote from Taiko L2 to Ethereum L1. Everything is trustless. Details: taiko.xyz/docs/concepts/brid… 👋 And a few words about me: Previously I worked at @ChainstackHQ as a Software Engineer, founded and eliminated a Bitcoin startup called BLINK, experimented with @ton_blockchain smart contract development I love to be transparent so here in my X profile I will share the progress of the project development and I'm going to educate you guys with my findings. So I encourage everyone interested to follow me for updates 💖