CurioDAO and Curio
Creator Protocol

CURIODAO

CurioDAO is an open-source project on the Ethereum blockchain and Polkadot. The project is managed by people around the world who hold its governance token, CGT. Through a system of scientific governance involving Executive Voting and Governance Polling, CGT holders manage the Creator Protocol and the financial risks of Curio stable coin to ensure its stability, transparency, and efficiency. CGT voting weight is proportional to the amount of CGT a voter stakes in the voting contract. In other words, the more CGT tokens locked in the contract, the higher the voter’s decision-making power. The Creator Protocol, built on the Ethereum blockchain and Polkadot, enables users to create currency. Current elements of the Creator Protocol are the Curio stablecoin, Creator Collateral Vaults, Curio Chainlink Oracles, and Voting. CurioDAO governs the Creator Protocol by deciding on key parameters through the voting power of CGT holders.

CGT TOKEN

The CGT token—the governance token of the Creator Protocol—allows those who hold it to vote on changes to the Creator Protocol. Note that anyone, not only CGT holders, can submit proposals for a CGT vote. In practice, the Creator Governance process includes proposal polling and Executive Voting. Proposal polling is conducted to establish a rough consensus of community sentiment before any Executive Votes are cast. This helps to ensure that governance decisions are contemplated and reached by consensus before the voting process itself. Executive Voting is held to approve (or not) changes to the state of the system. At a technical level, smart contracts manage each type of vote. A Proposal Contract is a smart contract with one or more valid governance actions programmed into it. It can only be executed once. When completed, it immediately applies its changes to the internal governance variables of the Creator Protocol. After execution, the Proposal Contract cannot be reused.

CGT VOTING

Any Ethereum Address can deploy valid Proposal Contracts. CGT token holders can then cast approval votes for the proposal that they want to elect as the Active Proposal. The Ethereum address that has the highest number of approval votes is elected as the Active Proposal. The Active Proposal is empowered to gain administrative access to the internal governance variables of the Creator Protocol, and then modify them. In addition to its role in Creator Governance, the CGT token has a complementary role as the recapitalization resource of the Creator Protocol. If the system debt (debt that occurs when the Collateral Auction does not raise enough Curio stablecoins to cover the Vault’s outstanding obligation) exceeds the surplus, the CGT token supply may increase through a Debt Auction to recapitalize the system. This risk inclines CGT holders to align and responsibly govern the Creator ecosystem to avoid excessive risk-taking.

CURIO STABLECOIN (CSC)

Curio stablecoin is easy to generate, access, and use. Curio Capital AG and holders of approved security tokens generate Curio stablecoin by depositing collateral assets into Creator Vaults within the Creator Protocol. The Curio stablecoin system uses Curio Capital AG machines and accepted security tokens as collateral. This is how Curio stablecoin is entered into circulation and how users gain access to liquidity. Users obtain Curio stablecoin by buying it on exchanges. Once generated, bought, or received, Curio stablecoin can be used in the same manner as any other cryptocurrency: it can be sent to others, used as payments for goods and services, and even held as savings through a feature of the Creator Protocol. Every Curio stablecoin in circulation is directly backed by excess collateral, meaning that the value of the collateral is higher than the amount of the Curio stablecoin debt, and all Curio stablecoin transactions are publicly viewable on the Ethereum blockchain. Collateral assets can be leveraged to generate Curio stablecoin in the Creator Protocol through smart contracts called Creator Vaults. Curio Capital AG's machines and security tokens are used as collateral. After the deposit is made, its value is estimated using Curio Chainlink oracle, and based on the received data on the value of the collateral; Curio stablecoin is issued by CurioDAO. (In future versions of CurioDAO, users will be able to deposit collateral assets.)

Curio Chainlink Oracles and keepers

The Creator Protocol requires real-time information about the market price of the collateral assets in Creator Vaults. For this, the system uses Curio Chainlink oracle. Curio Chainlink oracle uses special APIs to find and transmit real-time data about the value of the collateral asset to CurioDAO. (Currently there are 7 different APIs in use. In future versions, it will be possible for CGT token holders to add new APIs.) One of the regulators of the Curio stablecoin’s price is the Keeper. A Keeper is an independent actor that is incentivized by arbitrage opportunities to provide liquidity in various aspects of a decentralized system. In the Creator Protocol, Keepers are market participants that help Curio stablecoin maintain its Target Price: they sell Curio stablecoins when the market price is above the Target Price, and buy Curio stablecoins when the market price is below the Target Price.

Actors

Dao - CDP (Collateralized Debt Position) engine

Cats - keeper robots

Rats - curio chainlink client, price feed oracles

Jars - Token vaults

Csc - curio stablecoin

Cgt - curio governance token

Account

Gov - admin multisig

Top - root authority

Vow - settler/liquidator

Pals - curio governance tokens holders

Guys - curio stabletcoins holders

Gems - approved tokens

Processes

Credit system

Account - Dao transaction

Validators checking and finalizing the block

Dao - Collators transaction processing

Validators - Collators - Dao confirmation of the transaction

Rats - Dao transmission of real-time market value of token

Dao - Jars transfering tokens in the vault/return tokens to the account

Cats - Dao disable red urn (CDP)

Dao - Csc creation/destruction of csc/cgt

Collators - Validators transmission of block for finalization

Dai - Account transfering tokens to the account

Government

Pals - Gov interaction with the government

Top - Csc authority

Gov - Top transfer of rights

Top - Jars authority

Top - Dao authority

Top - Vow authority

Top - Cgt authority

Incentive middleware

Cats - Vow perform settlement

Vow - Cgt creation/ destruction of cgt

Pals - Gov interaction with the government

Vow - Csc destruction of csc

Gov - Dao create ilk/ change ilk parameter/ change how (sensitivity)

Vow - Dao collection of a fee for the stability of token

Curio Chainlink

Rats - Curio Chainlink Token creating a request

Curio Chainlink Node - Volta Remote Rpc - Chainlink Oracle returning request with answer

Curio Chainlink Token - Curio Chainlink Oracle preparing to transfer a request perform settlement

Curio Chainlink Oracle - Rats returning request with answer to the client

Curio Chainlink Oracle - Volta Remote Rpc - Curio Chainlink Node transferring a request and processing it

Token interactions

Account - Csc returning csc

Jars - Gems returning the collateral

Guys - Csc buy csc

Account - Gems getting the collateral

Pals - Cgt ensuring stability

CURIO PARACHAIN TESTNET

In the future release of Curio, a parachain network will be launched with genesis blocks reflecting the current balances of CUR token holders in the Ethereum mainnet. This will allow independent network participants to become parachain collators and give them the opportunity to try themselves as a Curio token holder and get acquainted with the possibilities of parachain: manage their balances in the network, use parachain functions like datalog() and launch(), as well as try the Tech Committee, Democracy and parachain Treasury Chest.

ETH LOCKDROP

Initially, the Curio test network will exist outside of the Kusama network. During this period, independent providers will be involved in the network to check the operation of the system and further configure it. To attract providers, up to 10,000 CUR will be allocated in the summer of 2020.

Ethereum Mainnet Exodus

Providers will be given the opportunity to migrate from the Ethereum network to the Curio parachain. The development of the Ethereum network will not stop and will go parallel to the development of the parachain. Providers can stay on the Ethereum network and wait for the two systems to merge.

Launch of Curio Parachain CC1

CC1 is the primary candidate for the role of the main Curio parachain with the current genesis block of CUR holders at the time of launch. But does not exclude the possibility of creation other parachains.

Candle Auction Lockdrop

To become a parachain, you need to take a slot in the relay chain network. Slots will be offered in the format of auctions with a candle. The auction is accompanied by blocking tokens native to the relay chain on the accounts of those who voted for the specified parachain; in cases with KUSAMA, this is KSM, in cases with Polkadot, this is DOT. This condition will be taken into account using the Lock drop mechanism. The Lock drop mechanism can be improved to motivate KSM token holders to support the Curio token. If Curio becomes a parachain, those who vote will get a CUR.

Curio Parachain on Kusama

Kusama is a large pool of validators independent of Curio developers. Therefore, running the Curio blockchain under the control of the Kusama network validators will increase the security level of the network.

Curio Stablecoin hybrid system

We are building one of the first hybrid Aragon DAO system with Curio Stablecoin, Ethereum 2.0 staking and Polkadot parachains. Special bridges for swaps will be developed for holders of CUR and CURV tokens. All CURV token holders will have staking incentives: staking rewards and a bonus program. Rewards will be in Curio Stablecoins and reserved shares of future security tokens.

Roadmap

August 15, 2020

Launch worldwide bug bounty (duration 1 month).

Late August - early September, 2020

Beginning of the system security audit with the world's leading auditors.

September, 2020

Preparation of the legal framework for the global launch.

End of September - October, 2020

Preparation of system launch and preparation of Curio Stablecoin listing on world cryptocurrency exchanges.

End of October, 2020

Announcement of listing and launch dates. At the same time - setting up and debugging the system of rewards and bridge system between blockchains (Ethereum 1.0, Ethereum 2.0, Polkadot) for hybrid staking.

After October, 2020

Announcement of new derivatives, programs for CUR token integration, launch of Aragon DAO for Curio Stablecoin.