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INK Multichain Module
Code packages related to propagating a DAO’s financial decisions to other blockchain networks, for the purpose of gaining cross-chain liquidities.
Ink Finance aims to enable a DAO to be set up and operated on its native network and reach other blockchains for financial liquidities, on the back of a consolidated balance sheet.
It is critical to realize that a DAO’s native blockchain of a residence might be chosen for non-financial reasons, and yet financial liquidities are everywhere. If a DAO is to be freed from the burden of chasing liquidity, the key is to make its operational competence and reputation transparent, traceable, and executable on the branch network where the DAO intends to get the financing.
The INK Multichain Module is designed to make it easy for DAOs to propagate their reputations across the entire Web3 domain. The idea is to simulate the branch offices of a corporation in the traditional world, where the decisions made from the headquarters can be faithfully and transparently executed at the branches. Wherever Ink Finance facilities are deployed, any DAO will be allowed to set up its branch office there. This has real convenience in terms of reaching financial liquidities by establishing the DAO’s cross-chain reputation and creditworthiness.
The INK Multichain Module contains the code to:
- Send cross-chain messages from a DAO’s native blockchain to its branch blockchains, propagating its governance decisions;
- Send raised funds from the branch blockchains back to the main Treasury or Investment UCV on the DAO’s native blockchain, which guarantees that a DAO’s maintain a consolidated balance sheet;
- Reach DEXs on different networks to execute any automatic disposal or liquidation when needed;
- Aggregate liquidity data across all deployed blockchains and allow Ink Finance to adjust its operating parameters accordingly.
The INK Multichain Module provides an abstraction layer to isolate the details of integrating with other Web3 protocols or Web2 infrastructure, so that Ink Finance dApps only need to interact with this abstraction layer.
The ultimate goal is to perform as many inter-operative tasks as possible, such as programmatically securing, disposing, and distributing assets that reside on heterogeneous systems, including enterprise blockchains or Web2 clouds.
Last modified 11mo ago