coordination-play
Coordination-play is a tool kit that enables any entity to spin up organizations that dont depend on traditional legal document enabling coordination between contributors, investors and collaborators.
coordination-play
Coordination-play is a tool kit that enables any entity to spin up organizations that dont depend on traditional legal document enabling coordination between contributors, investors and collaborators.
The problem coordination-play solves
Many crypto native DAOs and projects that need to raise funds to fund their development are forced into inflexible standard VC contracts that do not fit well with the programmable onchain world.
We envision a richer set of programmable equity primitives that allow onchain projects to sell ownership of the project while providing guarantees to investors. The first guarantee we have implemented is:
- Spending conditions: Conditional spending of funds raised (tap streaming over x period, milestones, investor approval..etc)
- Withdrawability guarantees: Ability to redeem locked investment (burn tokens) if some x conditions are not met
We envision a lot more guarantees that investors would like that can be composably added to the protocol.
Challenges we ran into
Front end integrations
Contract design complexity: how complex to go. We didnt want to get lost in weeds!
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