I'm the founder and developer of SUDX. I've been passionate about open source for years, but I've always been bothered by how difficult it is for essential projects to find sustainable funding. Many rely on inconsistent donations or the goodwill of burnt-out volunteers.
I built SUDX to experiment with a potential solution to this problem. It's a protocol on the Polygon network that uses a DAO (Decentralized Autonomous Organization) to create a community-governed treasury.
Here's how you can "play with it":
The Core Idea: The community of SUDX token holders can propose and vote on which open-source projects receive financial grants.
See the Live DAO: The entire system runs on Aragon. You can see our DAO and the first active proposal (transferring admin rights to the community) right now. You don't need to own anything to view it.
How it Works: If a funding proposal gets enough "yes" votes, a smart contract automatically sends the funds from the treasury to the project's wallet. There's no middleman.
This isn't just an idea; the protocol is live on the Polygon mainnet. We've also tried to build trust in a space where it's often lacking:
Locked Liquidity: 100% of the initial liquidity pool is locked in a public, verifiable contract on UNCX.
Vested Team Tokens: My team's tokens are locked in a 3-year vesting contract with a 1-year cliff.
I'm here all day to answer questions. I'm particularly looking for feedback on the governance model and potential challenges you see in using a system like this for funding real-world open-source development.
You can find all the relevant links (Whitepaper, contract addresses, etc.) on the official site linked in the title.
vudueprajacu•6mo ago
I'm the founder and developer of SUDX. I've been passionate about open source for years, but I've always been bothered by how difficult it is for essential projects to find sustainable funding. Many rely on inconsistent donations or the goodwill of burnt-out volunteers.
I built SUDX to experiment with a potential solution to this problem. It's a protocol on the Polygon network that uses a DAO (Decentralized Autonomous Organization) to create a community-governed treasury.
Here's how you can "play with it":
The Core Idea: The community of SUDX token holders can propose and vote on which open-source projects receive financial grants.
See the Live DAO: The entire system runs on Aragon. You can see our DAO and the first active proposal (transferring admin rights to the community) right now. You don't need to own anything to view it.
How it Works: If a funding proposal gets enough "yes" votes, a smart contract automatically sends the funds from the treasury to the project's wallet. There's no middleman.
This isn't just an idea; the protocol is live on the Polygon mainnet. We've also tried to build trust in a space where it's often lacking:
Locked Liquidity: 100% of the initial liquidity pool is locked in a public, verifiable contract on UNCX.
Vested Team Tokens: My team's tokens are locked in a 3-year vesting contract with a 1-year cliff.
I'm here all day to answer questions. I'm particularly looking for feedback on the governance model and potential challenges you see in using a system like this for funding real-world open-source development.
You can find all the relevant links (Whitepaper, contract addresses, etc.) on the official site linked in the title.