Universal Dao
We aim to get LYX DeFi ecosystem up to par with the industry. Universal DAO has built a stablecoin bridge designed to move ERC20 assets into the LyX DeFi ecosystem as LSP7 assets
The problem Universal Dao solves
Universal DAO has a stablecoin bridge. This token bridge facilitates cross-chain transfers by allowing users to send ERC20 stablecoins to the bridge address, triggering our off-chain price oracle, which informs the Lukso factory contract to mint the corresponding amount of stablecoins on the destination chain.
Univesal DAO has a governance token. By contributing LYX to our governance contract, users actively participate in securing the network and are aptly rewarded with our governance token, ensuring their stake in shaping the future direction of our ecosystem. This empowers users to actively engage in governance decisions while being incentivized for their contributions to Lukso's security and decentralization
Universal DAO has a stablecoin. Introducing Universal Dollar, the stablecoin native to the Lukso ecosystem! Built on the innovative LSP7 standard, Universal Dollar offers stability, security, and seamless interoperability within the Lukso blockchain. With its robust features and advanced tokenization, Universal Dollar is set to revolutionize the world of digital currencies. Stay tuned for the future of stablecoin solutions with Universal Dollar on Lukso!
Challenges we ran into
i had a lot fun learning about the LSP standards and how they will enable users to have a better experience when using the blockchain through their Universal Profiles
Tracks Applied (6)
DAOs & Community
As a DAO-focused project, Universal DAO embodies the core principles of decentralization, transparency, and inclusivity....Read MoreBuild on Linea
solidity smart contracts deployed on LineaLinea
Unleash your creativity with MetaMask SDK
all users using dapp are prompted to connect with their metamask account. Typescript logic contains metamask SDK importsLinea
Build DAO Infrastructure using Universal Profiles
Universal DAO facilitates users in managing their Universal Profiles by providing a seamless and user-friendly interface...Read MoreLukso
Build a dApp using Universal Profiles
Our dapp allows users to bridge ERC-20 assets into the lukso ecosystem, once they are in the Lukso ecosystem our factory...Read MoreLukso
Universal Profile Management Tools
Universal DAO leverages the benefits of Universal Profiles to enhance user engagement, transparency, and trust within it...Read MoreLukso
Cheer Project
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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