What are you going to build?:
We are deploying our conditional streaming protocol to have Optimism as the main operational chain for all the dApps that will be built on top of Inverter protocol, such as Inverter’s flagship dApp. See more about the protocol here. 5
Inverter dApp enables funders and projects to coordinate streamlining of milestone/KPI based grant & investment funding with integrated processes of one-stop funding management, active feedback loops, automated multi token funding & liquidation, and project & credentials database. All the manual steps described in the Builders application is currently a feature being built for the dApp. Each project has a project contract that can receive funding from multiple funders with multiple currencies, and from different chains. It then disburses these funds to a project team in their preferred currency based on the completion of milestones (conditions of milestones are customizable for different use cases). The sitting funds on locked milestones can be plugged into other financial protocols for automated treasury operations.
The aim is to enable automated milestone-based contracts between teams and multiple funders in multiple networks and payment tokens to reduce the administrative overhead of managing these operations- accountability, payments, joint funding, token issuance, team compensations, capital utilization, etc. Apart from editing the project contract, or a funder deciding to withdraw funds from the project, a funder will not need to coordinate a multi-sig transaction while they continuously engage with a project.
Why is what you are going to build going to succeed?:
Inverter dApp streamlines the whole project funding process from treasury generation, project roadmap building, organizational registry/KYC, grant and investment operations to milestone-based token/equity distribution in one flow.