Milestone-Based Funding
Milestone-Based Funding on DeSciAi
Milestone-based funding is a key feature of DeSciAi’s research project lifecycle. It ensures that projects are funded progressively, based on demonstrated results and community oversight. This approach minimizes financial risk, enhances accountability, and aligns with the platform’s goals of transparency and efficiency.
1. Milestone Submission by Researchers
After completing a project milestone, researchers must submit a comprehensive report that includes:
Experimental Data: Detailed records of tests, validations, and results achieved during the milestone.
Supporting Documentation: Raw data, peer feedback, and other evidence substantiating milestone achievements.
Budget Updates: A transparent account of how funds were utilized for the milestone.
2. Review Process
Once submitted, milestone reports undergo a rigorous review by both AI agents and human experts (SMEs).
AI-Agent Verification:
Validates the authenticity of data and checks for inconsistencies or anomalies.
Benchmarks milestone outcomes against the initial proposal and industry standards.
Flags potential issues like fraud or unrealistic claims.
SME Assessment:
Ensures scientific rigor and alignment with the project’s objectives.
Provides qualitative feedback on the milestone’s success and areas for improvement.
Complements AI findings by filling in gaps that require human expertise.
3. DAO Voting for Milestone Approval
The final decision to approve or reject a milestone is made through token-weighted voting by the Project DAO:
Yes Vote:
Approves the milestone and releases the next tranche of funds from the project treasury.
Funds are allocated for the subsequent phase of the project.
No Vote:
Triggers an additional review to address flagged issues.
If unresolved, the project may face termination (see Termination Logic).
4. Termination or Continuation Logic
Continuation:
Following milestone approval, the project progresses to the next phase.
Remaining treasury funds are reserved for future milestones.
Token holders benefit from potential commercialization revenues and token appreciation.
Termination:
If a milestone is rejected and disputes remain unresolved, the project is delisted from the platform.
Remaining treasury funds and liquidity pool assets are proportionally distributed to PRT holders.
Token holders retain fractional rights to any partially completed research outputs.
5. Safeguards and Transparency
Fraud Detection: AI agents continuously monitor submissions for anomalies, ensuring any discrepancies are flagged for SME and DAO review.
On-Chain Accountability: All funding decisions, votes, and reviews are immutably recorded on-chain. Stakeholders can access project dashboards for real-time updates on progress and funding.
Reserve Fund Mechanism: A percentage of transaction taxes across the platform is allocated to a reserve fund, ensuring funding stability for critical milestones even in volatile market conditions.
Benefits of Milestone-Based Funding
Accountability: Researchers must demonstrate progress at each stage to unlock funding.
Risk Mitigation: Funds are allocated incrementally, reducing financial exposure for both the platform and token holders.
Community Empowerment: Token holders actively participate in project governance, ensuring that funds are used responsibly.
Alignment with Goals: Continuous oversight ensures that projects remain aligned with their initial objectives and deliverables.
This milestone-driven model fosters a dynamic, trust-driven environment for research funding and innovation, aligning incentives for all participants on the DeSciAi platform
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