Borodao

Revenue-Based Financing for DAOs based on future cash flows

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Inspiration

Borodao was created on Monday to help DAOs obtain financing based on their future cash flows. DAOs hold the majority of their treasury in native tokens which causes a challenge for funding their projects or paying for operating expenses. Selling native tokens causes dilution and loss of governance voting rights.

What it does

Borodao solves this problem by allowing a vetted DAO to receive stable coins up front by taking out a loan against future cash flows. Borodao facilitates under collateralized loans by backing them with the future cash flows of revenue generating contracts. Borodao's smart contract redirects the revenue on revenue generating contracts so that the loan is automatically repaid.

How we built it

Borodao's dapp is written in ReactJS. Smart contracts are in solidity - still a work in progress.

Challenges we ran into

Since none of us are solidity developers, writing the contracts to make this work is an ongoing challenge. Learning all about the finance industry.

Accomplishments that we're proud of

Coming together as a team in a short amount of time to put together some prototypes and brainstorm for the future.

What we learned

We learned about the RBF industry, DAOs, governance, treasury management, and solidity.

What's next for Borodao

Finish implementing the solidity contract(s) Finish building out the dapp Finding DAOs to partner with

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