{"type": "project", "title": "TurtleShell", "logoImg": "bafkreidngwlp2y7ans7vv5ol56ica7uqbqmjbaccl5ulpiu4kcm25lkciy", "website": "https://turtleshell.xyz", "bannerImg": "bafkreifeqgpqxvpyqadbsroxijligiihbkxk3jhkivy4a7qplanx4ehwoi", "createdAt": 1690366224756, "userGithub": "valeriofichera", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..8H9IIvfdWj8a8uSJvw5CCYlmhkGAcv7Ywl6Hz3uL0DrCr2UVaiNGVNAf5TJspni0rkw73sU3W_lPacnsacJuCw", "type": "Ed25519Signature2018", "created": "2023-11-01T14:24:57.466Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-01T14:24:57.466Z", "expirationDate": "2024-01-30T14:24:57.466Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xA7e9DBB781A18f67d115Ff8a7b5512A182ddd9a9", "hash": "v0.0.0:HaCU3RrwlhOqwh0H0R2uKFlpGuhlFxfBQFkt0N8PMAE=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#ikigai-labs-xyz#78494380"}}}, "description": "What is TurtleShell?\n\nTurtleShell is an open-source project and public good with a mission to enhance and encourage the adoption of EIP-7265, the Circuit Breaker proposal. Recognizing the diverse needs of different user groups in the blockchain community, TurtleShell goes beyond merely supporting EIP-7265; it actively contributes to its development and evolution.\n\nThis dynamic project offers a wealth of resources to support developers and users alike, including comprehensive technical documentation and SDKs. These resources are designed to streamline the implementation of EIP-7265 and its variants, thereby fostering a more accessible, user-friendly ecosystem\n\nMoreover, TurtleShell is committed to the ongoing refinement and improvement of EIP-7265. One of the project's key contributions is an innovative variant of the original proposal that incorporates a more decentralized approach. This novel version retains the protective function of the original Circuit Breaker, but it empowers the community with democratic decision-making capabilities. As such, TurtleShell plays an instrumental role in advancing decentralized protocol security within the EVM ecosystem.\n______________________________________\n\nInformation on the decentralized variant of EIP-7265:\n\nProblem Statement:\n\nThe present challenge lies in the centralized control post the triggering of a Circuit Breaker event under the EIP-7265 token standard. In the existing framework, significant decision-making power resides with the protocol's admins, a system that potentially circumvents democratic decision-making. Our project targets this centralization of power to foster a more inclusive and fair protocol.\n\nProposed Solution:\n\nWe propose the Decentralized Circuit Breaker, an evolution of the EIP-7265, incorporating a governance dispute handling mechanism. This mechanism will democratize decision-making upon triggering a Circuit Breaker, allowing all participating entities, not just the admins, to determine the subsequent course of action.\n\nSignificance of Decentralization:\n\nDecentralization anchors our solution, ensuring fairness and transparency in the decision-making process. It mitigates risks linked to self-serving decisions by a concentrated power group and promotes broader involvement. This shift cultivates a more resilient, trustable protocol.\n\nPotential Impact:\n\nThe proposed Decentralized Circuit Breaker stands to benefit all protocol participants by guaranteeing that all interests are considered, not just those of the admins. This inclusivity nurtures community trust. Particularly in scenarios where Circuit Breakers are activated due to large, legitimate actions, such as a sizeable exit, the democratic process could prevent an unwarranted protocol freeze.\n\nImprovements Over EIP-7265:\n\nOur project enhances EIP-7265 by introducing democratic dispute handling and decision-making post Circuit Breaker activation. This added layer of democratic governance ensures fairer and more transparent outcomes, bolstering the protocol's resilience against potential misuse inherent in a system where admins unilaterally determine the subsequent steps.", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "ikigai-labs-xyz", "projectTwitter": "turtleshell_xyz"}
TurtleShell
What is TurtleShell?

TurtleShell is an open-source project and public good with a mission to enhance and encourage the adoption of EIP-7265, the Circuit Breaker proposal. Recognizing the diverse needs of different user groups in the blockchain community, TurtleShell goes beyond merely supporting EIP-7265; it actively contributes to its development and evolution.

This dynamic project offers a wealth of resources to support developers and users alike, including comprehensive technical documentation and SDKs. These resources are designed to streamline the implementation of EIP-7265 and its variants, thereby fostering a more accessible, user-friendly ecosystem

Moreover, TurtleShell is committed to the ongoing refinement and improvement of EIP-7265. One of the project's key contributions is an innovative variant of the original proposal that incorporates a more decentralized approach. This novel version retains the protective function of the original Circuit Breaker, but it empowers the community with democratic decision-making capabilities. As such, TurtleShell plays an instrumental role in advancing decentralized protocol security within the EVM ecosystem.
______________________________________

Information on the decentralized variant of EIP-7265:

Problem Statement:

The present challenge lies in the centralized control post the triggering of a Circuit Breaker event under the EIP-7265 token standard. In the existing framework, significant decision-making power resides with the protocol's admins, a system that potentially circumvents democratic decision-making. Our project targets this centralization of power to foster a more inclusive and fair protocol.

Proposed Solution:

We propose the Decentralized Circuit Breaker, an evolution of the EIP-7265, incorporating a governance dispute handling mechanism. This mechanism will democratize decision-making upon triggering a Circuit Breaker, allowing all participating entities, not just the admins, to determine the subsequent course of action.

Significance of Decentralization:

Decentralization anchors our solution, ensuring fairness and transparency in the decision-making process. It mitigates risks linked to self-serving decisions by a concentrated power group and promotes broader involvement. This shift cultivates a more resilient, trustable protocol.

Potential Impact:

The proposed Decentralized Circuit Breaker stands to benefit all protocol participants by guaranteeing that all interests are considered, not just those of the admins. This inclusivity nurtures community trust. Particularly in scenarios where Circuit Breakers are activated due to large, legitimate actions, such as a sizeable exit, the democratic process could prevent an unwarranted protocol freeze.

Improvements Over EIP-7265:

Our project enhances EIP-7265 by introducing democratic dispute handling and decision-making post Circuit Breaker activation. This added layer of democratic governance ensures fairer and more transparent outcomes, bolstering the protocol's resilience against potential misuse inherent in a system where admins unilaterally determine the subsequent steps.
TurtleShell