DECIL (Digital Economy Collaboration Innovation Lab) is a nonprofit organization that is dedicated to advancing blockchain technology, facilitating collaboration needed for technology adoption, and building a more sustainable ecosystem to bridge the gap between crypto communities and mainstream. At DECIL, we believe that some of the most pressing challenges of our society, such as sustainability, can be better addressed with a decentralized collective effort that ensure the transparency, longevity, and interoperability.
Project 1: Stablecoin
The rapid collapse of the TerraUSD stablecoin has captivated the crypto community. Stablecoin pursues price stability by using reserve assets as collateral or controlling supply via algorithmic formulas. In spite of their common claim of stability, different stablecoins use different mechanisms, and many are not “stable.” In this article, we review lessons on how to build a true stable coin by drawing insights from the stabilization of traditional currencies and US banking history.
(Note: You can click the above image to view the related NFT.)
Project 2: DAO
A decentralized autonomous organization (DAO) is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. Organizations of such form have gained prominent efficiency in terms of governing. This project tries to understand the following specific questions:
1. Under what conditions is a DAO structure superior to centralized decision making structures?
2. What is the optimal voting mechanism?
Project 3: NFT
A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Recently, many successful NFTs have been traded at thousands of dollars. The volatility and price range of NFTs are also notable. This project seeks to find a NFT valuation model that can explain a part of the NFT’s valucation. Just like the identity of the artist can explain a big fraction of the price of the physical artwork that she creates. We propose and test the hypothesis that part of the NFTs’ valuation can be explained by the identity of the artist or founding team members.
Welcome to join us!