Challenges
Instant User Onboarding with Magic Wallet SDK
We are opening the floodgate of adoption into blockchain by using tools that are friendly to web2 users. We have done this significantly by using Magic.Link's Connect SDK. We provide users with a very easy way to get into a dApp, and integrate complex technology while keeping it simple on the front-end. Abstraction, not education, leads to adoption.
#BUIDLathon 2023 DAOs + Community Track
We have managed to crack the code for why DAOs have never been easy for web2 users to adopt - complexity. We have managed to make the User Experience of interacting and participating in a DAO an easy, but more importantly, non-learning-curve limiting experience. We have obfuscated away the need to learn blockchain for the users, which in turn, will increase adoption.
Best Use of Polygon
We use Polygon to deploy our Contract Factory, which utilizes OpenZeppelin's Clone & Initializable Standards. With this, we can keep gas costs extremely low, with the added benefit of Polygon's low gas fees, resulting in a very gas-efficient experience, resulting to more user retention, and increasing adoption.
Project details
Why aren’t DAOs widely used?
The learning curve for getting normies into DAOs is a massive roadblock. In Web2, you can quickly spin up a group but you lose custody of your funds and are at the mercy of the centralized gatekeepers. In Web3, you need wallet management experience to control your funds and exercise voting power.
Our solution is not education, our solution is abstraction.
We present Presolve, a single-purpose DAO creator for Web2 users. Normies can now benefit from the decentralized decision-making capabilities provided by DAOs.
Using Magic Link, web2 users can sign up seamlessly with email or Google Sign-in, linking them with a public address. This public address can then Deploy Group Governance, Timelock, and Token Proxy Contract sets using Open Zeppelin’s Clone and Initializable Standards.
Users can write proposals, called ideas, and vote on ideas that are automatically executed once the vote has passed the quorum, pass rate, and its timeframe. If a user disagrees with the direction of the DAO, the user can RageQuit and exit with their funds.
With Presolve, we finally have Normie Friendly DAOs.