Risy DAO

Risy DAO is a revolutionary decentralized autonomous organization (DAO) built on the Polygon blockchain. It features a custom ERC20 token with advanced functionality and a governance system for decentralized decision-making, designed to solve common problems in the cryptocurrency space.

Table of Contents

• Features
• Problem Solving
• Smart Contracts
• Getting Started
• Usage
• Testing
• Governance
• Security
• Future Development
• Tokenomics
• License
• Contact

Features

• Fully Decentralized: Managed by KYC DAO (Owner is the DAO)
• Capped Supply: Maximum supply is 2x the initial supply
• Daily Transfer Limit: Whale protection mechanism based on a percentage of total balance (default 10%)
• DAO Fee: Fee on transfers for DAO maintenance, development, and marketing (default 0.1%)
• ICO Max Balance Limit: Whale protection mechanism to limit maximum token holdings (default 0.75% of total supply)
• Trigger Mechanism: For automation of tasks
• Upgradeable: Uses the UUPS proxy pattern for future upgrades
• Governance: Integrated with OpenZeppelin's Governor contract for decentralized decision-making

Problem Solving

Risy DAO addresses several critical issues in the cryptocurrency space:

1. Centralization: Unlike many cryptocurrencies, Risy DAO is fully decentralized, with ownership and decision-making power distributed among token holders.

2. Whale Manipulation: The 10% daily transfer limit and 0.75% temporary hodl limit during ICO prevent large holders from manipulating the market.

3. Unfair Token Distribution: These limits also ensure a more equitable distribution of tokens over time.

4. Sustainability: The 0.1% DAO fee on transfers funds ongoing development, marketing, and community initiatives, making the project self-sustaining.

5. Volatility: By providing initial liquidity with 50% USDC and 50% PAXG, RISY maintains a correlation with both gold and USD, providing stability against market fluctuations.

6. Scalability and Cost: Built on the Polygon blockchain, Risy enables fast and affordable dApp development compared to Ethereum-based tokens.

7. Continuous Improvement: The DAO mechanism allows the project to evolve and upgrade itself indefinitely based on community decisions.

Smart Contracts

1. RisyDAO.sol: Main contract for the Risy DAO Token
2. RisyBase.sol: Base contract with standard ERC20 functionality and upgradability
3. RisyDAOManager.sol: Governance contract for managing the DAO
4. ITrigger.sol: Interface for the trigger mechanism
5. TriggerMock.sol: Mock contract for testing the trigger functionality

Getting Started

Prerequisites

• Node.js (v14.0.0 or later)
• Yarn or npm
• Hardhat

Installation

1. Clone the repository:

   git clone https://github.com/your-username/risy-dao.git
   cd risy-dao
   

2. Install dependencies:

   yarn install
   

   or

   npm install
   

3. Compile the contracts:

   npx hardhat compile
   

Usage

Deploying Contracts

To deploy the contracts to a network:

1. Set up your network configuration in hardhat.config.ts
2. Run the deployment script:

   npx hardhat run scripts/deploy.ts --network <network-name>
   

Interacting with Contracts

You can interact with the deployed contracts using Hardhat tasks or by writing custom scripts. Here are some example interactions:

1. Transfer tokens:

   const risyDAO = await ethers.getContractAt("RisyDAO", "CONTRACT_ADDRESS");
   await risyDAO.transfer("RECIPIENT_ADDRESS", ethers.parseUnits("100", 18));

2. Check balance:

   const balance = await risyDAO.balanceOf("ADDRESS");
   console.log("Balance:", ethers.formatUnits(balance, 18));

3. Create a governance proposal:

   const risyDAOManager = await ethers.getContractAt("RisyDAOManager", "MANAGER_ADDRESS");
   const encodedFunctionCall = risyDAO.interface.encodeFunctionData("setDAOFee", [100]);
   await risyDAOManager.propose(
     [risyDAO.address],
     [0],
     [encodedFunctionCall],
     "Proposal description"
   );

Testing

To run the extensive test suite:

npx hardhat test

Our project features hundreds of carefully crafted tests covering various scenarios, ensuring the robustness and security of the smart contracts.

Governance

Risy DAO uses a governance system based on OpenZeppelin's Governor contract. Key features include:

• Proposal creation and execution
• Voting mechanisms (For, Against, Abstain)
• Quorum requirements
• Time-based voting periods

Token holders can participate in governance by:

1. Delegating their voting power
2. Creating proposals (if they meet the proposal threshold)
3. Voting on active proposals

Security

Security is a top priority for Risy DAO:

• The contract uses OpenZeppelin's battle-tested implementations as a foundation
• Upgrade functionality is restricted to the DAO through governance
• Daily transfer limits and max balance limits provide protection against large, malicious transactions
• Extensive test coverage ensures contract behavior under various conditions
• The project goes a professional security audit before mainnet deployment

Future Development

Risy DAO has ambitious plans for future development:

1. dApp Ecosystem: We're planning to develop various decentralized applications, including games and financial tools, leveraging the fast and affordable Polygon network.

2. Continuous Upgrades: Thanks to the DAO mechanism, Risy can evolve indefinitely based on community decisions.

3. Expanding Use Cases: As the ecosystem grows, we aim to increase the utility and adoption of RISY tokens across different platforms and services.

Tokenomics

• Initial Supply: 1,000,000,000,000 RISY
• Maximum Supply: 2x initial supply
• Creator Holdings: Only 2% of initial supply
• Initial Liquidity: $20,000 (50% USDC, 50% PAXG)
• DAO Fee: 0.1% on each transfer
• Daily Transfer Limit: 10% of balance
• Temporary Hodl Limit for the ICO: 0.75% during ICO

Key points:

• Correlation with both USD and gold provides stability
• DAO fee funds ongoing development and community initiatives
• Exemption of DEX buys from daily limits encourages purchasing (approximately 10:1 buy-to-sell ratio)
• Built on Polygon for fast and affordable transactions

License

This project is licensed under the MIT License. See the LICENSE file for details.

Contact

For any inquiries or support, please contact:

• Email: [email protected]
• Website: https://risy.io
• Twitter: @RisyDAO
• Discord: Risy DAO Community

Made with passion and coffee for blockchain nerds by the blockchain nerds. Rise with RISY!