View source for BoringDAO (BOR)

==Basics==

*Based in:
*Started in / Announced on:
*[[Testnet]] release:
*[[Mainnet]] release:

* From an [[Oasis Network (ROSE)|Oasis]] [https://medium.com/oasis-protocol-project/bringing-rose-to-the-boringdao-multi-chain-ecosystem-fda88cf6f6cc blog] (22-4-2021):

''"At its core, BoringDAO is a fully [[decentralized]] multi-chain asset bridge driven by [[Decentralised Autonomous Organisation (DAO)|DAO]]. It has the capacity to connect digital assets across any [[Smart Contract|smart-contract]] enabled [[blockchain]] platforms. In addition to bridging networks, BoringDAO offers [[Proof-of-Stake (PoS)|staking]] services in a range of assets such as [[BTC]], [[LTC]] and $BOR."''

==History==
==Token==
===Launch===
===Token Allocation===

* From their [https://docs.boringdao.com/boring-economy/usdbor-distribution docs] (3-2021):

''"Maximum Supply: 200,000 (fixed)''

# ''30% for Mint Mining: BOR is mined with native crypto asset minting fee and rewarded to those who participate in minting.''
# ''30% for Boring Farm: BOR is generated with [[Ethereum (ETH)|Ethereum]] [[Block|blocks]] and rewarded to those who participate in oToken & BOR [[liquidity]] & pledge farming.''
# ''19% for Infrastructure: 1% for initial BOR liquidity; 3% for initial [[Bitcoin (BTC)|BTC]] Tunnel pledge; 15% reserved;''
# ''11% for early contributors: 10% for private round(20%/24% without lock and 80%/76% linear daily unlocking in 12 months); 1% for public round without lock''
# ''10% for core developers: linear daily unlocking in 24 months"''

===Utility===
===Other Details===
===Stablecoin===
==Coin Distribution==
==Technology==

*[[Whitepaper]] can be found [https://www.boringdao.com/boringdao_whitepaper.pdf here] (2020).
*Code can be viewed [https://github.com/BoringDAO here].

===Implementations===

*Built on:
*Programming language used:

====Transaction Details====

*Capacity ([[TPS]]):
*[[Latency]]:

===How it works===

==== Tunnels ====

* From their [https://www.boringdao.com/ website] (3-5-2021):

# ''"Operating by the [[Decentralised Autonomous Organisation (DAO)|DAO]]-based community''
# ''Freely creating new tunnels through pledging''
# ''70% minting fee is allocated to tunnel operators''
# ''The total value of pledged tokens is proportional to the maximum "[[Wrapped Tokens|wrapping]]" limit of each tunnel.''
# ''Each oToken is backed by 100%+ assets''
# ''Asset Layer: 100% original crypto assets''
# ''Contract Layer: 25% - 150% $[[ETH]], $BOR, $[[Maker DAO|DAI]], etc. over collateral''
# ''Application Layer: Several decentralized insurances"''

* From their [https://docs.boringdao.com/boring-economy/usdbor-distribution docs] (3-2021):

''"In a simple overview, each oBTC is backed by 100% BTC and 25% ERC-20 tokens (such as BOR, ETH, DAI etc). At the same time, BoringDAO also use different insurances to protect those BTC, like [[COVER Protocol (COVER)|COVER]] & [[Nsure Network|Nsure]].''

''The BTC layer is protected by P2SH [[Multi-Signature|multi-signature]], and there are over-pledge on ETH layer (they will only be liquidated when BTC are lost in some [[black swan]] event). In other words, each oBTC has three layers of protection (multi-signature + over-pledge + insurance).''

''We also use OP-Return (a cool native function of Bitcoin) to help users connect their BTC & ETH [[address]] which means that we do not use any [[centralized]] server in the minting process of oBTC."''

===Staking===
====Validator Stats====
===Liquidity Mining===

==== Mint Mining ====

* From their [https://www.boringdao.com/ website] (3-5-2021):

''"Mint Mining is the mechanism which users can [[Wrapped Tokens|wrap]] their non-[[ERC20 tokens|ERC20]] tokens to oToken, e.g. Bitcoin to oBTC and get $BOR as rewards. 30% of $BOR will be distributed through Mint Mining."''

==== Boring Farm ====

* From their [https://www.boringdao.com/ website] (3-5-2021):

''"Boring Farm is the mechanism which users can use oToken, $BOR [[Liquidity pools|LP]] Token, oToken LP Token, and Tunnel Pledge Token to farm $BOR. 30% of $BOR will be distributed through Boring Farm."''

===Scaling===
===Interoperability===

* Began [https://twitter.com/avalancheavax/status/1382695480010940418 building] a multi-chain asset bridge for [[Avalanche (AVAX)|Avalanche]] (15-4-2021).
*From the [[Oasis Network (ROSE)|Oasis]] [https://medium.com/oasis-protocol-project/bringing-rose-to-the-boringdao-multi-chain-ecosystem-fda88cf6f6cc blog] (22-4-2021):

''"Through this collaboration ROSE will gain multi-chain support through BoringDAO’s multi-chain bridge, allowing ROSE to be easily transferred across networks like [[Ethereum (ETH)|Ethereum]], [[Binance|BSC]], Avalanche, [[Polkadot (DOT)|Polkadot]] and more.''

''BoringDAO plans to develop a native, two way “tunnel” with the Oasis and [[Bitcoin (BTC)|Bitcoin]] Network."''

===Other Details===
==Privacy Method==
==Compliance==
==Oracle Method==
==Their Other Projects==
==Governance==
===DAO===
===Admin Key===
===Treasury===
==Upgrades==
==Roadmap==

*Can be found [Insert link here].

==Audits==

*[[bug bounty|Bug bounty]] program can be found [insert here].

===Bugs/Hacks===
==Usage==
===Projects that use or built on it===
==Competition==
==Pros and Cons==
===Pros===
===Cons===
==Team, Funding, Partnerships, etc.==
===Team===

*Full team can be found [https://docs.boringdao.com/others/team-background here] (3-2021).
*Enki Yan; founder

===Funding===

* 'Investment partners' that are mentioned on the [https://www.boringdao.com/ website] are (3-5-2021):

[[Defiance Capital|DeFiance Capital]], [[Haskey]], [[SNZ]], [[Youbi Capital]], Snap Fingers and others.

===Partners===

* [https://dfi.money/#/ Mentioned] (12-7-2021) as a partner on the website of [[DFI.Money (YFII)]]

==(:==
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[[Category:Coins/Tokens]]