@loreum/chamber v0.0.6-alpha

Chamber Multisig

The Chamber is a multisig wallet that enables liquid democracy for Treasury and Protocol Management by the token community. Due to their composability, Chambers are a protocol governance standard that enable Roles to be controlled by token holders through representative leaders, rather than a core group of static founders. This enables decentralized ownership of DeFi protocols. Chambers provide the functionality of a multisig wallet where signers are determined by stake allocation from an ERC20 governance token.

The contract inherits upon instantiation existing ERC20 governance and ERC721 membership tokens. Stake allocations are made against the ERC721 token ID which creates a leaderboard within the Chamber contract. The leaders are responsible for signing transactions and being the governors of the multisig. Each leader has a single vote that is not correlated to wallet balance, but rather by stake allocation of ERC20 governance tokens by the community against their NFT TokenId.

Use Cases

1. Treasury Multisig

The primary use-case for a chmaber contract is to be a treasury multisig wallet that owns the various roles and assets of a DAO or DeFi protocol. It's intended to be a drop-in replacement for the "Gnosis" Safe Multisig wallet.

2. Defi Composability

Chambers are composable by inheriting any exisitng governance ERC20 token accross a number of Chambers and Sub Chambers. This horizontal and veritical composibility creates utility and intrinsic scarcity of governance tokens.

  graph TD;
      A[Dao Chamber]-->B[Sub Chamber];
      A[Dao Chamber]-->|claimYield|B[Sub Chamber];
      C[Vault 1]-->|true|B;
      D[Vault 2]-->|uint256|B;
      B-->|onlyOwner|C;
      B-->A;
      B-->|compound|D;

3. DAO Governance

Instantiating a Chambers with the same ERC20 and ERC721 tokens as used in common with the community creates a shared value system as voting power can migrate across the various Chambers.

erDiagram
    CHAMBER }|--|{ CHAMBER2 : tokens
    CHAMBER {
        address govToken
        address memberToken
        uint8 leaders
    }

    CHAMBER2 {
        address govToken
        address memberToken
        uint8 leaders
    }

Each Chamber is created with a designated number of leaders and a quorum. Each leader has a single vote and is represented by an NFT tokenId. If a member of the community removes their stake against a tokenId, that leader may fall-off the leader board and lose their ability to approve transaction proposals. Leaders have multisig signing authority only so long as their stake delegation places their tokenId in the top number of leaders on the leaderboard. This creates a representative board of decision makers based on revocable authority by delegation.

Setup

git submodule update --init --recursive

Foundry

forge build
forge test

# You know what to do

Deployments

Tenderly

Registry: 0x69e41faF363A6Be4Cde76268315F48Ef0034C8b8