4 ms·

Does anyone know any examples of useful smart contracts on Ethereum? Most of what I hear on the news in either NFTs or toy problems like lotteries.

Tepix 5y ago
Initial Litigation Offering (ILO) is a very useful idea, however it's coming to Avalanche, not Ethereum: https://www.coinspeaker.com/guides/what-is-initial-litigation-offering-ilo/ https://www.coinspeaker.com/guides/what-is-initial-litigatio...
vmception 5y ago
RSUs, Vesting agreements, Stock/Token options, also with tax withholding for US employees: We've been doing vesting of assets for 4 years. You can also use an oracle (cron job with conditional metadata) to determine which portions to withhold for taxes under various tax regimes. You can autoliquidate those tax withheld assets into a liquidity pool if your company needs the liquidity for taxes. Many projects and services have locked assets but we found it incredibly difficult to conform that concept to the US tax system until we built our own way. What’s onchain is similar to any token lock agreement. Just autoredirecting portions of payouts and autoliquidating for this purpose is still not common. Although we don't find programmatic vesting to be novel, anymore, and just the tax withholding part to be better: outside of the smart contract space we see a ridiculous amount of overhead, confusion, opaqueness, time and red tape just to accomplish a vesting agreement. So, we aren't evangelizing smart contracts and “blockchain” anymore but we will tell people about the more relatable things that we are doing.
almostkorean 5y ago
The two most obvious use cases to me are lending/borrowing platforms and decentralized exchanges. In my mind, these two services are basically at feature parity with traditional finance systems but in a decentralized and permissionless system

4 ms·

Does anyone know any examples of useful smart contracts on Ethereum? Most of what I hear on the news in either NFTs or toy problems like lotteries.

by mFixman 5y ago

Tepix 5y ago
Initial Litigation Offering (ILO) is a very useful idea, however it's coming to Avalanche, not Ethereum: https://www.coinspeaker.com/guides/what-is-initial-litigation-offering-ilo/ https://www.coinspeaker.com/guides/what-is-initial-litigatio...
vmception 5y ago
RSUs, Vesting agreements, Stock/Token options, also with tax withholding for US employees: We've been doing vesting of assets for 4 years. You can also use an oracle (cron job with conditional metadata) to determine which portions to withhold for taxes under various tax regimes. You can autoliquidate those tax withheld assets into a liquidity pool if your company needs the liquidity for taxes. Many projects and services have locked assets but we found it incredibly difficult to conform that concept to the US tax system until we built our own way. What’s onchain is similar to any token lock agreement. Just autoredirecting portions of payouts and autoliquidating for this purpose is still not common. Although we don't find programmatic vesting to be novel, anymore, and just the tax withholding part to be better: outside of the smart contract space we see a ridiculous amount of overhead, confusion, opaqueness, time and red tape just to accomplish a vesting agreement. So, we aren't evangelizing smart contracts and “blockchain” anymore but we will tell people about the more relatable things that we are doing.
almostkorean 5y ago
The two most obvious use cases to me are lending/borrowing platforms and decentralized exchanges. In my mind, these two services are basically at feature parity with traditional finance systems but in a decentralized and permissionless system