Specs

[aj-maz]

Context

Right now in the graviAURA ecosystem, badger holds special privileges in the system because it has a multisig where the graviAURA is getting kept, and that aura then votes as the DAO directs and then that aura is liquid and can technically be sold at any time. So it's possible to buy a ton of graviAURA, put it there for the block of the snapshot and dump it all, and game the system. So right now the ecosystem accepting graviAURA requires them trusting badger, to be honest with that, or them to tell badger not to vote like this. So we need to make a locker to lock this graviAURA to limit the ability of gaming the system. Also, this locker could be useful for many more DAOs.

Deliverables

• graviAuraLocker, is a smart contract that allows users to lock their graviAURA, it will have a voting admin that will set up voting config. It's going to have an early withdrawal penalty and emissions handler
• graviAuraLockerFactory, is a smart contract that allows DAOs to create their own locker with their desired vote admin and optionally reward their users
• A UI that will help both users and DAOs to work with both graviAuraLocker and graviAuraLockerFactory

graviAuraLocker Specs:

• it's ownable - (DAOs multisig)
• Users can deposit graviAURA to the locker
• graviAURA will be locked for 16 weeks
• owner can set emission for the locker
• owner can set early withdrawal penalty for the locker - default is 100%
• Voting admin can define the vote setting they want

graviAuraLockerFactory

A basic factory contract that helps DAOs to create their own instance of graviAuraLocker using openzepplin minimal proxy

UI

• Users can use create a new locker by specifying the the voting admin, and early early withdrawal penalty
• The dapp should be accessible using the gnosis
• Voting admin can set the parameters
• Voting admin can setup emissions
• Voting admin can define votes they want
• Users can lock/withdraw graviAura

Resources

vlAURA CVX Locking graviaura autovoting

Milestones

The project will be created in 2 phases.

Phase 1: this phase is focused on the main locker for use of the badger itself. Estimated time of arrival: 3.5 weeks Suggested Reward: $10k

Phase 2: this phase is focused on the Masterchef and emissions to generalize the system for other DAOs Estimated time of arrival: 2 weeks Suggested Reward: $6k

[Tritium-VLK]

Notes:

1: Other DAOs may use the first Phase. The idea is that Phase 1 is for Protocol Owned tokens. Phase 2 allows the protocol to reward users for staking their tokens for the protocol to use for the locking period.

2: Only badger governance (perhaps at some point shared governance with AURA/Balancer) should be able to upgrade the contract and/or change locking behavior.

3: A big part of this is working with @shakton to come up with a standard for how to express vote instructions on-chain. I don't think it is a huge lift to get it done, but it's important to come up with a good spec. I can try to work on that before early next week.