DESTNet
Decentralized Stash Network, Destnet or DEST Network is a DePIN project that incentivizes users in a particular area to create stashes of some items, to prepare for a natural disaster (medicine, inflatable boats, radio receivers, ...).
DESTNet
Created At
ETHGlobal Brussels
Winner of
Morph - Innovation Track 1st place
Worldcoin - Pool Prize
Prize Pool
Project Description
- Anyone can create a stash campaign with description, a rectangular area, reward per submission and maximal number of submissions. Rewards can be paid in any ERC-20 token.
- Each user can create a submission with a photo, description and coordinates. All info is stored on our server, hash goes onchain.
- Reward is allocated immediately, but it is locked for ~3 months. Additionally, user must cast all required votes before getting it.
- Verifiers are chosen randomly among other users. If a vote is not unanimous, new set of verifiers is sampled. After the vote is finalized, there is a 1 month period for disputing, which requires a deposit and could be done by anyone.
- Incorrect votes punished by half of their locked reward (or full disputror deposit / submitter reward), these are shared equally among all correct voters.
How it's Made
- Onchain EVM logic (deployed on several blockchains) that manages rewards, voting, campaign and submission management. It creates socio-economic incentives to maximize the soft guarantees of the correction of onchain submissions.
- Backend logic listens to blockchain events among different chains and updates the state for frontend, joining information from all blockchains into one source.
- Frontend signs and sends transactions and updates UI based on the updates from the blockchain, communicated via events. We have integrated open maps to display locations.
