Aragon OSx and App are live on Polygon 💜
Build your DAO for less than 50 cents on Polygon, new Aragon ZK Research blog post on Multi-Input Non-Interactive Functional Encryption is live, the story of Aragon OSx told to Bankless community
Aragon OSx and App are live on Polygon! You can now build your DAO on a low cost, fast layer 2 blockchain. Polygon helps make DAOs accessible to more people by significantly lowering the cost of building, managing, and participating in a DAO. We’re excited to offer a low cost solution to all DAOs building on Aragon today!
A new Aragon ZK Research blog post is live. The team introduces a new cryptographic primitive called Multi-Input Non-Interactive Functional Encryption (MINI-FE). This primitive allows one party (the evaluator) to run a predetermined computational function over other parties’ encrypted input and obtain a result in the clear. Read the full post here.
We told the story of Aragon OSx and how it enables adaptable, modular organizations in BanklessDAO’s State of the DAOs newsletter. We loved getting to share more about the technology with the Bankless community and their readers!
Aragon is live on Polygon!
For DAO technology to reach mass adoption, we need to make DAOs more accessible. One of the key ways to do that is through lowering the cost of launching and managing your DAO. We’re excited to offer Polygon to everyone building DAOs on Aragon OSx and App (beta)! You can now launch your DAO on a scalable, gas efficient, distributed Proof of Stake sidechain.
Polygon is a Layer 2, or sidechain, built on Ethereum. Transactions on Polygon are low cost and fast, but still EVM-compatible. The Polygon Proof of Stake chain is one of the most used blockchains today, with over 3 million daily transactions on average and $5 billion in TVL. Even with such high traffic, they are still able to keep transaction fees to just fractions of a cent.
Layer 2 blockchains like Polygon are essential for onboarding new entrants into the space. The high transaction fees of Layer 1’s are a barrier to entry for many DAO builders and members, but Polygon solves this with near-zero transaction fees. Not only can deploying a DAO on a Layer 1 blockchain be cost prohibitive, but the transaction costs of votes can add up for community members, which can decrease voter engagement. A Layer 2 solution is essential for highly active DAOs.
When deploying your DAO on Polygon, you get these benefits:
Near-zero cost of transactions
To deploy your DAO on Polygon, open the Aragon App and click “Create a DAO.” The first thing you’ll do is select the blockchain you want to deploy on. Choose “Polygon” in this step, and then follow the steps in the DAO creation flow.
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Inspiration for DAO builders on Polygon:
Polygon love! 💜
Thank you to all the participants in the Code4rena competition who helped find vulnerabilities and further secure the Aragon protocol!
Our story of Aragon OSx was shared with the Bankless community and beyond:
DAO Radar 🚨
Check out some of the DAOs that have been created on Polygon!
DAO Global Hackathon: April 10 - May 7, virtual
DAO Global Hackathon: Meet our Partners Twitter Space. Friday, April 7 at 3:30 pm UTC.
Welcome to a new partner for the DAO Global Hackathon, Gitcoin!
Launch your DAO on Polygon!
Register for the DAO Global Hackathon.
Read the new Aragon ZK blog.
Read the story behind Aragon OSx.
Have a great weekend!
—Aragon Growth Guild