image from The Infinity of Lists
@donhylo
Token Curated Registries
are
about
making
lists
@donhylo
Mike Goldin [ConsenSys]
@donhylo
"Token-curated registries are decentrally-curated lists with intrinsic economic incentives for token holders to curate the list’s contents judiciously."
source: Token-Curated Registries 1.0
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participants
consumers want high quality list
candidates want to be included in the list
token holders want to increase the value of their assets
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mutual dependency
token value increase
- if more candidates propose more listings
- if more consumers are interested in the list
if the quality of the list increases
- then more consumers will be interested
- then more candidates will want to propose more listings
- then there will be more demand for the token of the TCR
@donhylo
how does it work
- deploy the TCR [dao]
- candidates must buy some tokens to pay for the deposit
- candidates make an application to the TCR
- a challenge period opens to let token holders challenge the application by voting by staking tokens
- candidate's application is accepted or rejected
- accepted: candidates keeps its deposit
- rejected: deposit is divvied up as reward amongst the token holders who participated
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incentives alignement
candidates are cautious in making applications as they might lose their deposit if their application is rejected
token holders should challenge and reject all applications but empty lists are useless and therefore are incentivised to accept some applications
consumers use the lists and do not signal the market
@donhylo
attack vectors
-
simple trolling
-
madman attack
-
registry poisoning
-
vote splitting
-
vote memeing
- …
open questions
-
governance of the parametrisation
-
reduction of the attack space
-
issuance of TCR tokens
- …
@donhylo