Welcome to the DSLA LIVE AMA with The Gem Hunters. We would like to kindly thank the team for sharing information on the project with our community.
1) So its great to have you here Wilhem, DSLA Protocol sounds like a really intriguing project with a super viable usecase.. From what we understand DSLA is a risk management protocol for developers, to build applications and operate infrastructures with the capability of financially protecting users against failures. This sounds really interesting, can you go into some more detail and give us a full run down on the project?
Sure thing and thanks for the kind words, first! It’s been a day one focus for us to work on fundamentals to create value in the space and beyond. So DSLA Protocol is basically an alternative to service level agreements. Historically, these agreements reduce the exposure of customers to infrastructure risks. Like in web hosting, for example. DSLA provides a decentralized hedge against infrastructure risks through a peer-to-peer SLA marketplace. Our flagship use case is to provide PoS delegators with a hedge against staking risks, while incentivizing the performance of PoS validators. This balance of interests, powered by DSLA bonus-malus payouts, enables services to improve over time. Barney-style, I would say that DSLA is a collection of smart contracts that lets anyone add a X% money-back guarantee to any service based on their monitored performance. @BiT_SHaMaN anything else you’d like to know? I can dive into specifics!
Thanks, we will move onto specifics with the next questions!
2) Now you guys have a really good looking team! And I mean that, you guys look the part and the team itself comprises of a variety of interesting skill sets! From co-founders who both have a wealth and array of blockchain and cryptograpic experience, developers, auditors and even a legal officer! Could you give us more of an overview and outlook on what actually looks like the A team!?
Today DSLA is a team or 10 people working on various dimensions of the project. Marketing, (DevOps) advocacy, product management, developement and operations. I’m a developer myself, although I have multiple hats as the CEO of Stacktical. We are 5 devs working on the protocol smart contracts and our https://DSLA.network flagship dapp. I would say we try to be well rounded, and our DNA is rooted in traditional startup execution. I have previous CEO experience, and we’re pretty focused on achieving product-market fit with a crystal clear use case.
3) The whitepaper states how DSLA Protocol has discovered limitations and poor efficiency in framing and issues in performance, capacity and scalability and describes how it works on both reducing performance failures and managing non-performance situations using data science and blockchain technologies. One of your flagship use cases is Decentralised Staking SLAs can you elaborate on what Staking SLA’s are and also give us examples of any other use cases?
Definitely, I have 12+ years experience in IT Service Management (ITSM). Been a full stack software development (frontend + backend + smart contracts) and product designer. Also running startups, as I said before. I experienced first hand a variety of infrastructure challenges, and dealt with the governance vehicles, like traditional SLAs contracts, that are supposed to solve them. Our flagship use case is to add Decentralized SLA Guarantees to ONE, DOT, eGLD staking pools and more. After signing a DSLA contract on DSLA.network, someone delegating one of these coins can claim a compensation if their validator performance doesn’t meet pre-defined objectives (e.g. 90% staking efficiency). Conversely, anyone providing liquidity to a DSLA contract can earn a reward when these service level objectives are met. If you’re a trader, you might see the flagship DSLA Protocol use case as a way to place a bet, or an option call/put, on the future performance of a given staking pool.
4) So we can see DSLA Protocol has potential and the need for partnerships to implement the technology to research, test etc. So what are your plans regarding creating these Partnership Strategies with technology providers, networks, and staking pool operators?
Good question and very central in our strategy! We have an increasing number of Web 3.0 and other partners, including the one you mention. Harmony, Band Protocol, Chainlink, Elrond. Staking service providers and pool operators as well. All of our partnerships are 100% aligned with the objective of a) building a better product and b) reaching product-market fit. From the get-go, I want to work on an idea that was commercially viable, solving a tangible issues that I have the expertise to address. I think staking is here to stay, and makes an excellent focus for us. But as a Protocol, our end goal is to enable other developers to build their own use case, in different industries.
I had meeting with space agencies willing to deploy SLA between satellites. So the sky is not even the limit!
5) Can we move onto the token itself, can you give us some information on the tokenomics and usecase of the DSLA Token?
First I would say that, contrary to most projects on the market, we’ve actually been reviewed by regulators in France. They were surprised to (finally?) stumble upon something not too crazy, where the utility of the token was clear and established. Our lawers contributed to the writing of cryptocurrency laws in France, and the legal opinion they produced about DSLA is handy. Regarding the purpose of the token itself, I think it’s important to understand that certain use cases require you to implement custom monetary policies. One of the reasons why I don’t like the “shitcoin” term, is that it’s entirely missing this mission-critical point for project like ours. For instance, DSLA reduces its supply according to usage, by automating utility burns upon reward and compensation claims.
Other than that, DSLA :
- empowers SLA rewards / compoensation (upon breached / honoured service level agreement)
- enables the update and trading of existing SLA policy in a DSLA contract (e.g. updating my contract from a 90% uptime requirement to 99% uptime)
- enables liquid SLA bonus-malus positions (as the 1st ever SLA mining model)
- empowers governance and design changes in DSLA Protocol itself (e.g. claiming fees % )
Most importantly, as a fully-fledged risk management and service governance protocol, it is designed to drive internal DevSecOps decisions for service providers seeking to improve their Quality of Service, and compete using QoS as a differentiator. When there’s a highly competitive market, you win with SLAs. And the staking industry is heating up.
6) Can you explain what Decentralised Service Level Agreement (SLA) vs Decentralised Insurance entails?
We get this question a lot! I understand why most people will describe us as a “specialized insurance” for delegators. ITSM and Service Level Management are expert fields, only tackled by Series A level startup ($1M+ revenue going to $10M+ using QoS as a way to grow).
I put together a quick sheet to outline the differences. The general idea is that an insurance is strongly focusing on providing coverage and nothing else. It doesn’t care about improving applications, networks, services, the delivery of goods, energy or the transportation of people. It’s unilateral by design, even though there are new incentives for liquidity providers in decentralized insurances. Most importantly, decentralized insurances are not that decentralized. People still assess risks and claims, which can lead to cartels and make the model crumble. DSLA is maths, It’s a continuous hedge aginst failures driven by performance time series. And also a tool for providers to better acquire and retain customers.
7) You already have some attractive partners including Band Protocol, Elrond, Chainlink and Harmony one! So we can see you’re a well established project. We can also see how packed out your roadmap is. So whats next for DSLA, what can investors look forward to seeing from DSLA?
All eyes on the future, starting with 2021, thanks for asking. We’ve announced this week DSLA Maxima "Elrond Edition", a maximalist port of DSLA Protocol on the Elrond Network. https://blog.stacktical.com/beta/2020/12/14/stacktical-dsla-protocol-partners-elrond-network-blockchain-cryptocurrency-defi.html
It is part of a series of “Maximalist” initiatives we’re inaugurating, to scale DSLA Protocol beyond staking, and cater to staking providers that want to stick with their network of choice (a.k.a maximalists). I did a loooot of focus groups with staking pool operators for the past two years. There is always a request for a standalone, single-version of DSLA Protocol for their favorite network. By combining DSLA Protocol “Maxima” with DSLA Protocol “Agnos”, our agnostic version running on Ethereum, we will have 100% market coverage of the Staking Risk Management industry. In that spirit, we have (much) more network coming to Maxima and Agnos. More staking pool operators, and developer showcase in other industry verticals. I’m interested in space, as I told you earlier. But also in environmental governance, using DSLA contracts to drive Air Pollution compliance in your neighborhood. Last but not least, the DSLA mainnet launches in Q1 with numerous premier partners. Including Top 10 cryptocurrency projects that trust we are onto something potentially valuable.
Our level of excitement for 2021 is off the charts.
We would like to thank the DSLA team for attending and we quite frankly cant contain our excitment towards the project, it certainly is a little gem in its own right! We look forward to following the progress of the team and project and wish them the best of luck going into 2021!