masaun / autonomous-degenVC-v2

The Autonomous Degen.VC V2 is a smart contract that enables a project to launch on Degen VC without permission.

Autonomous Degen.VC

【Introduction of the Autonomous Degen.VC】

• This is a smart contract that enables a project to launch on Degen VC without our permission.
  • For example, by calling a public function on a smart contract a project could allocate project tokens to a liquid vault (just an address that needs to be defined), a dev wallet (just an address that needs to be defined), and the DGVC LP.
  • When the function is called the DGVC token UNI-V2 LP will consist of a number of wallets with LP token balances.
  • We want the tokens allocated for distribution to the DGVC LP to become available for LP token hodlers to claim in proportion to their share of the LP.

 

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【Workflow】

• Launch a project on Degen.VC with 5 steps:
  • ① Create a Project Token
  • ② Create a Liquid Vault
  • ③ A uniswap market is created for the new project.
  • ④
  • ⑤ A Liquid Vault is capitalized (topped up) with project tokens.
  • ⑥ A user purchase LP tokens by sending ETH fee required.
  • ⑦ After some period from purchased LP, a user claim LP tokens + receive some rewards (project tokens)

• Diagram of workflow
  

 

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【Remarks】

• Version for following the Degen.VC smart contract
  • Solidity (Solc): v0.7.4
  • Truffle: v5.1.60
  • web3.js: v1.2.9
  • @openzeppelin/contracts: v3.4.1
  • ganache-cli: v6.9.1 (ganache-core: 2.10.2)

 

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【Setup】

① Install modules

• Install npm modules in the root directory

$ npm install

② Compile & migrate contracts (on local)

$ npm run migrate:local

③ Test (Mainnet-fork approach)

• 1: Start ganache-cli with mainnet-fork

$ ganache-cli -d --fork https://mainnet.infura.io/v3/{YOUR INFURA KEY}@{BLOCK_NUMBER}

(※ -d option is the option in order to be able to use same address on Ganache-CLI every time)

• 2: Execute test of the smart-contracts (on the local)
  • Test for the contract $ npm run test:AutonomousDegenVC ($ truffle test ./test/test-local/AutonomousDegenVC.test.js)

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【References】

• Degen VC
  • Github: https://github.com/degen-vc

• Degen.VC Hackathon on Gitcoin
  • The Smart Contract Infrastructure For An Autonomous Degen VC V2
    https://gitcoin.co/issue/degen-vc/degen-vc-v2/1/100025593