With traditional crowdfunding many campaings are not able to reach their desired goals but might raise some funds, also for bigger investors if the risk for them is minimized then they can make bigger investments leading to potential new ventures and ideas, community could raise additional funds for social campaings, providing much needed second chance for the campaings that could't make it in their first try also the backer are incentivised by voting tokens for the DAO. This colud lead to more ambitious projects and make funds accessible to more people.
We ran into many challenges and were unfortunately not able to complete it however we were able to implement the contracts that will generate a DAO for every campaing in which we pool the raised funds in campaing that will act as collatoral for raising more funds, unlike traditional lending this minimizes the risk for potential investors, for complete implementation we were gonna use the dharma platform making the debt order, but here a DAO a contract is raising that order,but contracts can't sign transactions so it would have been a challange had we implemented that, Also we were gonna use dai coin for making all transactions free of price fluctuations.
Technologies used
Discussion