Simperby

A Protocol for Multichain Organizations

Problem

On-chain governance DAOs: High gas fees, host chain risks, limited multichain interoperability

• most of DeFi governance based on Governor, Moloch

Multi-sig wallet DAOs: Lacks trustless execution, decentralization, and programmatic business logic across multiple chains

• Snapshot, Safe, Lido

In non-trustless solutions, execution can be carried out without the consent of eligible voters.

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Customers

• DAOs requiring trustless execution of governance while interacting with multiple blockchains
• Particularly real-world-oriented foundations, charities, or funds managing crypto assets across various blockchains, but requiring strong and reliable processes for fund access

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Solution

• Stronger assumption: honest governance participants required from ½ to ⅔
• Create a stand-alone BFT distributed protocol hosted by DAO members
• Offer trustless and fast communication channels for delivering messages from organization to multiple existing mainnets

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On-chain gov. on Eth mainnet

Single EOA

Simperby

Multisig. by selected members

Snapshot + Oracle

Trustless

Social

On-chain gov. on a poor chain

Product

• A blockchain engine for building standalone blockchains, similar to Cosmos SDK or Substrate.
• Designed for lightweight and sporadic node operations, allowing DAO members to practically host the network.

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Architecture

• Enables programmable business logic across a multichain environment (e.g., daily withdrawal limits across multiple chains)
• Natively supports trustless governance systems that execute voting results
• Native support for multichain interoperability; Simperby protocol finalizes messages for execution on other existing chains (e.g., treasury withdrawals, token minting, interaction with other DApps)

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DAO built with Simperby

Also a chain

agenda

agenda

agenda

lineary history of org’s decisions

a.k.a., the ‘blockchain’

Ethereum

Cosmos

Arbitrum

treasury contract

verify (trustless)

treasury contract

treasury contract

DAO members

a.k.a. governance voter

a.k.a. consensus validator

finalize

Market Landscape

• As the infrastructure matures, legal status is recognized, and society becomes familiar with the concept of DAOs

=> operating a DAO will become an easy and practically conductible task for the ordinary people

• Then, DAOs will not be limited to Dapp governance but also catering to real-world organizations like charities, foundations, committees, parties, and funds

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Market Landscape (cont’d)

• Organizations will address real-world problems, not focus on specific chains
• They will manage funds, interact with ecosystems, and control assets across multiple chains, remaining chain-agnostic
• Reliable infrastructure for multichain DAOs is essential!

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Team

Lead: Junha Yang

• CTO @ Hyperithm
• ex core developer @ CodeChain
• +3 years exp. of Rust
• Cosmos IBC specification contributor
• B.S. in CS, POSTECH (Summa Cum Laude)

Team: Passionate open-source contributors (around 10)

• primarily from PDAO, a nonprofit open-source foundation and DAO operated by Simperby

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