Aka stocks, tokens, coins, or NFTs on Manifold

v0 Proposal

• Any user can mint a new “Certificate” contract
  • e.g. “This cert represents all USD prizes won by my blog post”
  • e.g. “This cert resolves to Manifold’s DAU on Dec 1”
  • e.g. “This cert pays out 1% of my net worth each week”
• Certificates are broken up into shares
  • Default: 10k shares
• Shares can be traded on an AMM
  • Default: creator puts 500 shares and 500 mana into a Uniswap v2 AMM
• The minter of the contract can:
  • Pay dividends to all contract holders
    • e.g. “Each shareholder gets 1 mana per share”
  • Resolve the contract to a value, dissolving all existing shares

Implementation

• New Contract type:
  • Uniswap v2 (x * y = k) AMM
  • Bets just mark transfers between AMM and users

Extensions

• Initial Cert Offering
  • For ACX Grants
• Shorting
  • Could be implemented by holding onto a negative share
    • Which has to pay for dividends/resolution
• Issuing more shares?
• Order book
• Governance
  • Shareholders can vote on proposals
  • Liquid democracy?
• Utility
  • Shareholders get access to exclusive content

Certs devlog

Inga’s notes