Rationale
Why Aspis is needed
Current crypto projects and funds lack an efficient tool to manage their assets and relationships with investors in a transparent way and investors have no real control of what is happening with their funds inside the project or fund. Investors transfer their assets at their own risk using ineffective legal contracts with no real protection or even not using any contracts at all.
Founders of crypto projects are not motivated to develop their projects after they successfully raised funds and sometimes do exit scams such as rug pulls or just imitating project activity with no real search of real customers and product-market-fit. Investors are not protected from either of these activities now. Since the current legal system has proven itself to be costly, ineffective, and not really protecting investors but adding headaches to the founders another solution needs to be discovered.
Investment Vaults using smart contracts can address the lack of transparency and can align information asymmetry and motivations between investors and funds managers bringing more control to investors and protecting them from malicious actions performed by bad actors.
Current Vault constructors lack mass adoption since they are too general and do not satisfy business or community needs. To develop a tailored Vault for a certain project or fund it needs to develop from scratch, which is costly and ineffective.
ASPIS presents a constructor for asset management Vaults (Vaults that store community funds such as funds or project’s treasury of tokens and raised funds). Using our intuitive UI, asset managers can deploy their own Vault with all specific parameters for voting, onboarding, and offboarding rules and fees with irreversible on-chain execution.
On ASPIS investors can track the performance and operations of the Vaults they’ve invested in, start or participate in key decisions of the Vault, such as controlling tools for Vault managers (whitelist wallets they are able to interact with using vault capital or putting limits on monthly spendings). Rage quit and safety measures are also included in basic vault mechanics and will be adopted by all Vaults launched on ASPIS.
Investors can browse through all Vaults deployed with ASPIS constructor and choose funds and projects they want to join knowing that all Vaults built on ASPIS are safe and they have control over their invested capital.
Last modified 13d ago