DAOs often struggle to onboard members via airdrops, as these airdrops are susceptible to Sybil attacks. Additionally, recipients of airdrops frequently sell their tokens instead of holding them and contributing to the DAO's growth.
EXAMPLES
• Connext Networks NEXT token faced Sybil attacks during Airdrops in September 2023
• Arbitrum(ARB) Airdrop – estimated that 253 Million tokens to 148,595 Sybil airdrop addresses
• Divergence Ventures attack on Ribbon Finance.
Solution :-
ZK Identity proofs like “Anon Aadhar” verification prior to airdrop that confirm the “proof-of-personhood” will significantly reduce Sybil risk during AirDrops.
We built a algorithm called 'credibility staking' to be used within DAOs, where members can stake their tokens, received through AirDrops, on other trusted members to, quadratically vote on them .
This approach allows members to earn AirDrop rewards based on the backing they get from fellow DAO participants. This system discourages immediate liquidation of received tokens, promoting instead the engagement and integration of other reliable individuals into the DAO.
The token design of Credibility Stacking is rooted in Game Theory, aiming to foster cooperative behaviour among DAO members.
Issue with WAKU React SDK: We encountered errors with the hooks in the WAKU React SDK, so we transitioned to using the WAKU JS SDK instead.
Anon Aadhar Build Issue: We faced a build issue related to native Node.js NPM dependencies in the Anon Aadhar project. This was resolved by adding polyfills as a fallback solution.
Exponential Operations in Solidity: Performing exponential operations in Solidity led to issues. We found resolutions through some suggestions on Stack Overflow.
BASE AA Paymaster Implementation: We attempted to implement BASE AA paymaster but encountered compatibility issues. The SDK examples provided in the Git repository were not compatible with our React JS repository.
Tracks Applied (4)
Ethereum Foundation
waku
Base
Alliance
Technologies used
Cheering for a project means supporting a project you like with as little as 0.0025 ETH. Right now, you can Cheer using ETH on Arbitrum, Optimism and Base.
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