Zignaly Goes Decentralized!

Each service from the marketplace will have its own token. When someone connects to a service, they will buy tokens. When they disconnect, they will sell tokens.

The amount of tokens allowed in each strategy are capped by the strategy manager. So that investors always have the ability to sell tokens, there will be two mechanisms: a liquidity pool program and an auto-liquidation mechanism; both built into the smart contract natively.

ZIG DAO looks for a fair, fast, and transparent decision-making process. We try to avoid the 1-token/1-vote framework and strive for reaching a “rough consensus”.

Tokens still play an important role in this framework. The holder will delegate their tokens to the community members that they trust most, so they can represent them in a council. The final mechanism may change, once the community decides on a final mechanism.

The Zignaly protocol is hosted by Polygon, and while Polygon has many great projects and options, there are other blockchains with interesting opportunities for our strategy managers. 

The bridging layer provides a secure way for the money manager to transfer assets from one blockchain to another and operate there. By providing this, we don't limit the opportunities for making profits.

There are many different ways to make money with blockchain technology. Some examples include trading in CEXs and DEXs, farming/staking, playing with NFTs, lending, and validating transactions. We will keep our agnostic approach and not build all those options.

We will provide a way for strategy managers to have access to these different opportunities in a safe way. The activity of these strategy managers with the different opportunities will provide a return which will be reflected in the Service Token.

We believe in transparency. That's why we share the track record of our strategy managers as they are. We are already doing this, the only difference is that this track record will be stored in an immutable decentralized database going forward.

The value of the SDT (Service DAO Token) will be stored along with relevant data like supply, assets, and smart contracts used… as long as it doesn't compromise the approach of the strategy manager. The value of the SDT will be established by external oracles or transparent mechanisms when the oracles don’t support certain assets (for example tokens from IDOs).

ZIGLab is the business unit that created the vault, ZIGPad, and raffles. It has three purposes: exposing Zignaly to other communities, providing benefits for ZIG holders, and creating opportunities for strategy managers.

There are different types of vaults inside Zignaly. The main reason for them is to expose our community to other interesting projects while exposing their community to us. This creates a win-win situation for both communities.

The ZIGPad allows ZIG holders to participate in early-stage projects, acquiring tokens before anyone else. These “priority tokens” will be accessible by the Strategy Managers on behalf of their followers, offering another layer of incentive to providing winning investment strategies.

The interface will connect with Zignaly DeFi. It will be easy to use, so that people do not need to understand what staking, validators, lending, futures/spot.. or even crypto is in order to use it.

There will be a big "INVEST" button with easy-to-consume data (risk, track record) so that people can make wise decisions. A social component will also be present so that people can take into consideration feedback from the community.

The interface will also be connected to the protocol through an open API. This would allow anyone to create their own interface: hedge funds, language specific versions, skins to gamify etc.