Mining Splits/DAOs

Creator

Nicola

Created

Feb 9, 2022 12:34 PM

Project

Financial applications

Stage

Still Valid

Parties

• The miner runs mining operations (c.f. management)
• The token holders are capital/liquidity providers for the mining activity (shareholders, LPs)

Overview

• Miner creates sells ownership of their miner by selling tokens representing their future rewards
• Every time the miner earns, these tokens are redistributed

Mining Pledge Contract

• There is a “Mining Pledge contract” that has an ERC20 token. The miner can decides to distribute these tokens to others.
• The “Mining Pledge” contract has a balance that can be only withdrawn to add pledge collateral to a miner.

Split Contract

• There is a “Split contract”, where every time money are sent to it, these are automatically distributed with the right distribution to the Mining Pledge token holders.
• The miner assigns the beneficiary contract of their miner to be the split contract.

Ecosystem

• Every miner can be releasing their own “Mining DAOs”
• Investor can have a diversified portfolio of miners
• There could be some other “Management DAOs” like Yearn, where strategist pick the best miners and re-invest profits in new miners.