The official guide of the DSLA Protocol flagship application will be available shortly.
DSLA Protocol is a risk management framework that enables developers and infrastructure operators to reduce their users exposure to service delays, interruptions and financial losses, using self-executing service level agreements, bonus-malus insurance policies, and crowdfunded liquidity pools.
Its flagship use case is to offset the financial losses of proof-of-stake delegators and DeFi users, while incentivizing the good performance and reliability of staking pool operators and DeFi service providers such as Uniswap (AMM) and OpenSea (NFT).
Whether as individuals or as organisations, we delegate increasingly more functions of our lives to third-party service providers. But with increased convenience, comes increased exposure to risk. And most users lack the expertise, capital and time to manage it.
So we created DSLA Protocol.
It enables the different stakeholders of a given service to trade third-party risk with each other, using Decentralized Service Level Agreements (SLA).
Decentralized SLAs are peer-to-peer outsourcing contracts, running on a blockchain network. They can store and release cryptocurrency, based on the performance analytics of third-party services.
Instead of simply providing coverage like insurance products, Decentralized SLAs bring an extra layer of trust to the user-provider relationship, by guaranteeing consistent returns for users, and by incentivising providers for speed, power, uptime and more.
DSLA Protocol v1 introduces a series of in-house innovations:
Risk Prediction Markets, enabling developers, users, and liquidity providers to trade risk with each other using Decentralized Service Level Agreements (SLA);
Reliability Forecasts, enabling third-party risk assessment at a glance, through the wisdom of the SLA marketplace and its participants;
SLA Futures Positions, tokenised LONG/SHORT positions issued to the SLA creator taking on risk (LONG), or to SLA users offsetting risk (SHORT);
A Triple Token Design, to separate the functions of SLA enforcement, and tokenisation of LONG/SHORT SLA positions;
SLA Staking Rewards, to incentivise the creation of decentralized service level agreements, and the availability of subsequent reliability forecasts;
Native Token Burns, everytime a SLA is verified, to ensure the long-term sustainability of DSLA Protocol and utility of DSLA Token;
Programmable SLAs, enabling the addition of new types of SLAs and use cases over time, developed by the community;
Developer Tools, enabling developers to add risk management capabilities to their service, or design risk-aware customer experiences from scratch;
No Code Tools, enabling third-party service providers to add risk management widgets to their service, without technical knowledge.
These innovations make DSLA Protocol the 1st ever Risk Prediction Market Maker. Although we generally identify ourselves as a Risk Management framework.