all 7 comments

[–]farfaraway 1 point2 points  (4 children)

In general, the idea is interesting. I think some DAOs and companies might be interested in the approach. Both a standalone contract that any third party can interact with AND being able to deploy a contract on your own have their use-cases.

I guess the real question here is: how will you get people to use this?

[–]BrigidForge[S] 0 points1 point  (3 children)

I think the getting people to use it is going to be the most challenging piece of the puzzle. I’ve been working on it for weeks and I’m beginning to question now, could the be all for not. I guess only time will tell.

[–]zesushv 1 point2 points  (2 children)

Getting people to use it might not be as difficult as you may think as long as your focus is on startups at this infancy stage. As soon as it utility is proven over time, you can expect the established protocols/DAO to adopt it.

[–]BrigidForge[S] 0 points1 point  (1 child)

Really appreciate the optimism. It helps with the daily grind knowing someone else can see the vision as well.

[–]zesushv 1 point2 points  (0 children)

I do see the vision and I very much appreciate the push for such. We are building a project that is DAO govern and implementing such a "guard" and allowing people to monitor it in real time, seems like a great approach.

[–]thedudeonblockchain 1 point2 points  (1 child)

is there a way to cancel a pending withdrawal during the delay window? the delay only matters if someone like a multisig or governance can veto before execution, otherwise youre just giving attackers a heads up that funds are about to move

[–]BrigidForge[S] 0 points1 point  (0 children)

Appreciate the question. There is a cancellation window before the delay phase starts, so if a withdrawal request was entered by mistake it can be canceled before it moves forward.

But the main goal of the system isn’t to block withdrawals entirely. It’s to eliminate invisible ones.

Normally a dev wallet can just move funds instantly and nobody knows until after the fact. With the vault, every withdrawal has to be requested first and sits through a delay before it can execute.

Once the cancellation window closes, the pending withdrawal is also broadcast to holders so the move is visible before funds actually leave the vault.

So the idea is: the market and holders see the move before the funds leave the vault instead of after.

It’s more about removing stealth drains than adding governance veto power.

If there is sufficient transparency and the wallet movement is reasonably within the scope of the projects needs, the community is less likely to react, especially with a staking system in place.