Kleros (PNK)

Basics

• Announced on:
• Mainnet release:
• Based in:
• From Bitcoin.com (31-1-2020):

"Kleros, for its part, has developed a general TCR that can be used to create crypto-economic backed lists of anything, from verified social media accounts to lending dapps to darknet markets. It’s also been integrating its decentralized arbitration system into defi platforms, and the team’s endeavors appear to be bearing fruit. While one should be cautious of information obtained from anonymous imageboards, the proliferation of Kleros threads on 4chan’s /biz/ suggests the link marines may have found a new project to latch onto. If the justice as a service protocol can’t 10x through cornering the defi market, perhaps it can be memed to the moon courtesy of the same ‘weaponized autism’ that saw Chainlink turned into a $1 billion project."

Token

Token Details

• Has it's own token called The Pinakion (PNK) token. Which "protects the system from attacks, while also providing jurors with a financial incentive to resolve cases coherently."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on:

• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Governance

Kleros Governor

• The DAO to govern Kleros, got announced (12-2-2020):

" Kleros has been using Aragon to hold votes in order make decisions for the smart contracts, however we are unable to use Aragon to make the updates in the smart contract. Therefore until now it has not been possible for the enforcements to be made in a decentralized manner. Enter Kleros Governor, a smart contract that is responsible for enforcing decisions in the smart contracts. The Governor smart contract is still in a period of review and bug bounties."

How it works

• From the blog (12-2-2020) which explained it further:

"Let's imagine a scenario where Kleros PNK holders vote to change the juror rewards for the General Court to 0.1 ETH per vote. The Kleros Court smart contract is no longer owned by Coopérative Kleros, but instead by the Kleros Governor smart contract. Therefore, this smart contract needs to make the call to Kleros Court to tell it to update the juror fees.

The first step is to tell the Governor smart contract that a vote has passed and what update needs to be made. Kleros team members, jurors, community members or anyone interested in having the ruling enforced can do this from the Kleros Governor interface. The smart contract will not allow duplicate lists of instructions to be submitted, so only one party can make the submission. Kleros Governor will execute a list of instructions once a week. Each submitter places a deposit down with their list. The deposits are returned to the winning party when a list is accepted. Deposits are also used to pay for a dispute in the event of multiple lists, and to reward the person who submits the correct list for the week.

Note: the Kleros Cooperative will likely provide the fees needed by the governor transactions, but anyone can do it.

By using this enforcement process, it allows any interested party to enforce and police the updates to the Kleros smart contracts. Coopérative Kleros will still play a large role in submitting lists and enforcing decisions, but this update in contract ownership makes Kleros more decentralized. Now community members do not need to rely the goodwill of Coopérative Kleros after votes have taken place, and it paves the way for Kleros to continue to function and evolve in the event of a centralized failure (lost keys, dissolution of the coopérative etc.)."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Usage

Projects that use or built on it

• API3; "API3 provides dAPI users with the option of on-chain insurance, powered by the API3 token and Kleros’ decentralized courts." (5-3-2021)

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• According to their blog (23-11-2020) Gnosis has supported Kleros' their infrastructure.

Partners

• Is mentioned as a partner on UNION's website (2-11-2020).
• API3; is mentioned as a partner on their website (5-3-2021).

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