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Stress testing Dapps (Kickback & ENS)

Stress testing Dapps (Kickback & ENS)

Makoto Inoue

March 13, 2020
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  1. View Slide

  2. - The beginnings
    - The Challenges
    Topics

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  3. Kickback
    Commit ETH/DAI to attend / Distribute no-show commitments

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  4. Kickback
    Commit ETH/DAI to attend / Distribute no-show commitments

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  5. The
    beginning
    ● London Ethereum Codeup
    ● Started 2016 Apr
    ● Guest speakers includes
    ○ rDAI
    ○ Chai
    ○ 3box
    ○ Monolith
    ○ Aztech
    ○ Oraclize/Provable
    ○ ENS

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  6. The
    beginning
    *Reference: https://medium.com/wearekickback/kickback-at-ethny-lessons-learnt-d65a4741c543
    ● First commit May 7th 2016
    ● First release Sep 2016

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  7. The
    beginning
    ● First commit May 7th 2016
    ● First release Sep 2016
    ● 1 ETH staked 100% turnup
    *Reference: https://medium.com/wearekickback/kickback-at-ethny-lessons-learnt-d65a4741c543

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  8. The
    beginning
    ● First commit May 7th 2016
    ● First release Sep 2016
    ● 1 ETH staked 100% turnup
    ● Risk offset with flight delay
    insurance
    *Reference: https://medium.com/wearekickback/kickback-at-ethny-lessons-learnt-d65a4741c543

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  9. Case study
    ETH NY
    ● 300 RSVPs
    ● 92% attendance
    ● $11,504 staked

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  10. 2020
    ● 70 events since Devcon4
    ● Over 1500 people RSVP’d
    ● Avg attendance = >80%
    *Reference: https://medium.com/wearekickback/kickback-at-ethny-lessons-learnt-d65a4741c543

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  11. History
    ● First commit Apr 16th 2016
    ● Launched May 4th 2017
    ● Upgraded May 4th 2019
    ● Short name auction Sep 2019
    ● Migrated Feb 10th 2020

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  12. May 4th 2017
    ● 180k auctioned
    ● 168K ETH (64m euro)
    deposited

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  13. May 4th 2017
    ● Top domains

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  14. Challenges
    ● 7 days auction period
    ● 8K ETH lost (0.3%)
    ● No skin in the game

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  15. May 4th
    2019
    ● Permanent registrar
    ● Deposit => Rent
    ● 7 days -> 1 mn

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  16. Sep - Nov
    2019
    ● 50k bids
    ● avg 6 bist, 0.74 eth
    ● 7000 names

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  17. Sep - Nov
    2019
    ● 50k bids
    ● avg 6 bist, 0.74 eth
    ● 7000 names
    ● English auction viar
    OpenSea
    ● 15 names hacked but
    returned (eg. defi.eth)

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  18. Feb 2020
    ● Reported on Nov 8th
    2019
    ● On ENS Registry
    ● ENS.lll

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  19. Feb 2020
    ● Reported on Nov 8th
    2019
    ● On ENS Registry
    ● 16.9Mgas - 140 ETH
    ($25,200) to migrate

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  20. - Incentive design
    - Sustainability
    - COVID-19
    Challenges

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  21. Incentive
    Design
    ● How to encourage more
    sign up?
    ● Party crashing
    ● Check-in accident

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  22. ● Can’t be evil ⇔ IP
    ● Open source ⇔ $$$
    ● ICO ⇔ Business Model
    Sustainability

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  23. 1. Fee per attendee
    2. Interest from staking (planned)
    3. Contribution fee (planned)
    4. Event services (planned)
    Business model

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  24. - Events get cancelled
    - Transition to online events
    - Bring Crypto + VR to the masses
    COVID-19

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  25. - Gateway to Crypto
    - NFT
    - Virtual & Digital Space
    - Skin in the game
    From challenges to opportunities

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  26. Challenges
    ● Adoption

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  27. ● Adoption
    ● Competitions
    Challenges

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  28. ENS + DNS
    Rent ($5/y~)
    .eth
    Free
    .xyz
    .luxe
    .club
    .kred
    .art

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  29. ENS+DNS+NFT
    ● .kred
    ● DNS on IPFS
    ● Ethereum as first class
    citizen

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  30. View Slide