The EverKit team conducted an interview with Broxus co-founder Sergey Shashev. The interview reveals the principles of the EVER DAO, as well as the history of the development of the platform.
Nikita: Please tell us what “Ever DAO” is and how it works?
Sergey Shashev:Where it even came from: Governance 2.0 was announced a long time ago. For its development, a special Subgovernance was created. Apparently, there was a recursion, we are still waiting for the decision of the initials, the development has stopped altogether. I said that there is a DAO for the bridge, it can be used differently. About a week ago there was an AMA session at which I proposed to launch Governance 2.0. We have simplified the fork of the DAO bridge, and in fact, now everyone can make their own proposal. To submit an offer, you need to have 100,000 tokens. Half a million is the minimum consensus. Steaks itself wEVER. We wanted to spin some new token, but have not yet found any sense in this. Technically, Ever DAO works like a Bridge DAO, that is, a proposal is made, it hangs for a couple of days so that it can be reviewed, then a vote follows. I will be talking to the Inishials about making decisions in this DAO equal to the decisions of the Inishials. In the future, we will gradually develop the functionality of Ever DAO.
Nikita: The question of the legitimacy of the vote at the moment: what is the status of the decisions? Will the initials execute these decisions, because they still sign the transactions according to the result?
Sergey Shashev: Transactions are not signed by initials. Initials sign the movement of money for payment-wallets. Inishials don’t sign every partnership or whatever.
Nikita: But they sign the exit from the giver?
Sergey Shashev: Yes, getting out of the giver. It seems to me that inishials will only be in favor.
Nikita: To date, this has not been discussed yet?
Sergey Shashev: I discussed this with the Alliance, with EverX, but, of course, not with all the initials. I want to start light, with partnerships. Ideally, at the first stage, make sure that the DAO scatters all partnerships, leave some of the partnerships. Further, I think, new initiatives will be created. And gradually this thing can replace the decisions of the inishials in general.
Nikita: You said that you wanted to spin another token. Here is the question: I consider this a drawback of the current model, a lot of money is in staking, 23 million are locked up to vote, they need to be pulled out, that is, either your money works or you vote. Do you see this as a problem and do you see a solution?
Sergey Shashev: From the point of view of the holder, this is, of course, a problem. Logically, stEVER should have appeared, if it had appeared, then everything would have been easier, but it did not appear. It is possible that a decision will appear that these tokens will be credited on collateral. Or make them farm too. Some mechanics the community can offer. Now it’s like a social experiment. What will people choose: profitability or the ability to influence decisions?
Nikita: I have an idea, I don’t know how real it is: maybe the equivalent of staked wEVER can be placed in real staking?
Sergey Shashev: We have a task to do this one day, so that one part of EVER is liquidity-driven, this task is still hanging.
Editor’s note: Part of the locked liquidity in Octus Bridge is used by the Bridge DAO to earn money. But EVER, which is secured by wEVER, is not used for earnings at the moment.
Nikita: Governance 2.0, as far as I know, was from EverX, what do you know about development?
Sergey Shashev: As far as I know, development stopped a few months ago.
Nikita: When you interacted with some of the Inishials, was Ever DAO criticized?
Sergey Shashev: There was no criticism, only a suggestion to use stEVER.
Nikita: What development do you see for Ever DAO? How realistic is the connection of giver contracts to the DAO contract? Sergey Shashev: I think that we will come to this. The first step is to make sure that this entity has its own budget, this is quite simple to do. From the givers, you can accrue 10 million. The DAO could be a good initiative, especially when it comes to partnerships.
Nikita: Comment on the statement that community tokens can only decide something if the alliance and EverX are on different sides of the vote.
Sergey Shashev: The community will not be able to interrupt us, yes, but EverX has tokens in the darkness of nodes, it will be problematic to pull them all out. Like the alliance, the money is in farming, multisigs, Crystal Hands. Even if we wish, we will not be able to agree in a week to pull out all these tokens, because these are tens or hundreds of nodes, in farming these are pools.
Nikita: Do you believe in the implementation of stEVER?
Sergey Shashev: With stEVER it would be easier, and in the current situation it will be more honest, because the masses of the alliance and EverX will not be able to participate in this.
Nikita: On the other hand, there aren’t many people who just have money lying around. EverKit, of course, does not have such amounts, but they are also locked somewhere.
Sergey Shashev: Yes, the money is not lying, but this is the essence: initially, the decisions will not be hot. But if, for example, we put a vote on the NFT Alliance, it will already be interesting and will lead to real movements. A couple of weeks, maybe a month, for people to figure it out, and then there will be real votes on real topics.
Nikita: If we are talking about the NFT Alliance, there are also initials, it is necessary that the voting takes place legitimately. That is, for example, if the community votes against, the initials do not really sign the transaction.
Sergei Shashev: So this is the whole point of the experiment. The Ever DAO mechanism should gradually gain legitimacy. In order for it to gradually gain legitimacy, everyone needs to understand that it is sane, that sane decisions are being made there, that discussions are really taking place there. It is necessary to increase the complexity of the decisions made. Gradually, this should move from the initials section to the DAO section. Of course, we can wait for Governance 2.0 to launch…
Nikita: We’ve been waiting for almost two years.
Sergei Shashev: Maybe there was no time. Now events have accelerated dramatically. The whole world has accelerated.
Nikita: Let’s go back to how it works now. To the first request and to the fact that there are 500,000 to pass and 100,000 are the default settings that are in Bridge DAO. Do you think it should be left as it is? It’s just that the emission is 140 times greater.
Sergey Shashev: We just forked this thing, there was no time to make decisions about actions and calculate something. Further, perhaps, among the first votes, you need to vote for the setup. How much should be the minimum bet, how much is the minimum consensus. Ever DAO defines the rules itself. Here it will be clear who is who. Because when they write in the chat, it is not clear who is writing. And if someone makes a decision, I would already see who it is.
Nikita: The first one missed: why did the completion of partnerships and the airdrop in the same missal?
Sergey Shashev: I wrote it. The airdrop is held among everyone who votes.
Nikita: I saw a question from the chat, I want to ask it: the more wEVER you put to the vote, the more QUBE airdrop will be? Sergey Shashev: Yes, of course, but it will not be a direct proportion. For example, I will vote with a million tokens, and you with ten thousand, but this does not mean that my airdrop will be 100 times more. It will certainly be bigger, but not by that much. We will make some kind of arithmetic scale. Another point: if someone multi-accounts to get more airdrops, we immediately warn that we will check this. As a result, those who multi-account will not receive anything.
Nikita: A bit of a philosophical final question: how do you see what social changes should occur in the community in connection with the experiment?
Sergey Shashev: I expect that instead of constant strange correspondence in the chat, the community will pour all this energy into a constructive one. Learn to express your point of view, formulate proposals, first of all in front of each other. Learn to lobby. And in general, the level of elaboration of proposals in the community will increase. We need to get away from the hypocrisy. Whoever yells louder and is maximally present in zooms and writes in chats is right – you want to get away from this. There should be a model in which people do not just run around and yell on chats, but put proposals and vote.
Nikita: Yes. The more interested you are in the project, the more weight your vote has.
Sergey Shashev: Of course, and you will still convince other people of this. For example, you, Nikita, say: “I want to launch a media in Thailand. I believe that if we do popularization of Everscale in Thailand, I will find partners there, we will make a wrapped stable to oust Tron. I need such and such resources for this.” You argue, refine your proposal, find allies. Then you will vote. I go to Ever DAO, I see that there is a propozal, it was announced by Nikita, it was supported by 50-100 people with exposed steaks of 7 million EVER, for example. I think, well, if he got such support, then his proposal is most likely a good one, since he persuaded people not to stake, but to vote. I will already trust this proposal to a greater extent, because the proposal passed the DAO filter, backed by assets.
Nikita: Yes, it’s true. Maybe you want to add something?
Sergey Shashev:I told everything about DAO. The world has changed. The role and possibilities of crypto and blockchain in this world have grown significantly during this time. Financial institutions no longer trust each other. The United States drastically froze Russia’s assets. Everyone saw it, the UAE saw it, it does not look like decentralization of financial institutions. Namecheap nearly died because of its decision to tell all Russians to leave in a few days. Some kind of game is obtained with trust in this world. You used domains, you are apolitical, you don’t participate in it. Sorry, I had over 100 domains there. Of course, I left there, like all my counterparties, not only from the states. I alone did not take 20,000 domains in total due to maintenance. The opportunities that we see now in the adaptation of currencies everywhere, in the crypto, they have grown 10 times. This applies to blockchain, currencies, DAO. The future is approaching faster than I expected. Too bad it’s at such a price. Let’s build a new world together on Ever DAO.