Governança Extensivel

• Main Author: Chuva, Henrique Filipe
• Publication Date: 2022
• Format: Master thesis
• Language: eng
• Source: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Download full: http://hdl.handle.net/10400.22/21512
• topic: Blockchain; Ethereum; Governance; Solidity; Golang; Smart Contracts; Defi

With a growing number of institutions investing in crypto assets every year, along with new blockchains and protocols being developed, services meant to manage and safely store such assets called custody services are becoming more and more sought after, and organizations are looking to improve their custody services by developing other services along side it. One service becoming more and more important for institutions is governance, allowing to visualize and vote for proposals that can significantly impact the assets these same institutions hold and care about. One of the main issues with this growing interest in governance is the time taken to support new protocols and blockchains, as many of them differ in the way they work. For this reason, the following project has the objective of improving the process to support new protocols and blockchains by developing an abstracted service that can be deployed on top of any blockchain or protocol with minimal configuration and code modification, while supplying a standardized Application Programming Interface (API). This project was developed along side Anchorage, a company that provides custody services since 2017. This paper describes in greater detail the process and development of the project, including methodologies used to better analyse the current blockchain state of the art at a technical level, a design solution that fits our objectives and reaches our goals, the implementation process, experimentation methodology and our conclusions. We developed a code based solution aimed at implementing the various required functionalities, further developing a proposal for an Ethereum EIP which aims at standardizing the current governance environment. Although issues were found when analyzing possible baseline metrics, we planned out an experimentation methodology which allowed us to test our solution by implementing different projects and analyzing the results. We finished the project with success achieved, with our service solution achieving both good results and better than the baseline, while also having an EIP proposal in which we believe can continue development with the Ethereum community itself.