Why create the Arena DAO?

Bridging Trust

Users shouldn't rely on trust for competition payouts. If a user wants to play an online chess match with another person across the world, they should be able to do so without the risk of the other person just deciding to turn off the computer upon losing.

Arena DAO's Solution: Through our competition workflow, we let users decide when a competition will expire and be eligible to be jailed. In the jailed state, the Arena DAO becomes the mediator - accepting evidence from both sides - to fairly process the competition's result.

Fixing Centralized Issues

Traditional competition platforms typically use centralized credit systems to simplify money movements, which exposes users to unknown security risks and vulnerabilities. These can be prime targets for hacks and leave participants vulnerable. A centralized credit system also entails getting in and out of the system. This is usually accompanied with processing fees and possibly limits.

Arena DAO's Solution: The Arena DAO leverages blockchain tokens for its transactions, meaning your coins are always yours unless locked up in an ongoing competition escrow. We only charges a platform fee, which directly supports the ecosystem. Thanks to Neutron’s low gas fees, we provide the most efficient solution for competitors.

Simplifying Distributions

As a team manager, gathering user information, manually calculating payouts, and then sending out individual payments can quickly become a tedious task. As a team member, receiving the money can also become an issue. If your team manages to win a significant prize, how would you know your manager will quickly and fairly distribute this money to its members if at all.

Arena DAO's Solution: Through the concept of preset distributions, teams can define how received funds from a competition will be automatically allocated directly to specific members' escrow balances.

Transforming Competitive Organizations

In traditional competitive organizations, the distribution of power often leads to conflicting interests and lack of transparency. Players and teams have little to no say in the organizational management, resulting in unfair rules and non-transparent decisions.

Arena DAO's Solution: The Arena DAO introduces a new paradigm where every participant is an owner. By leveraging decentralized governance, every participant, be it a host, player, team, or fan, has a stake in the organization. This aligns everyone's interests and promotes transparent decision-making.

A Lack of Open-Source Infrastructure

Open-source infrastructure in the world of eSports is almost non-existent, with most platforms relying on proprietary software. This restricts innovation and flexibility, preventing competitors from customizing solutions or building new features.

Arena DAO's Solution: The Arena DAO embraces open-source principles by providing modular competition frameworks through open-source smart contracts. The Arena Core and Competition Modules are designed to allow participants to create custom rules, leverage unique reward structures, and organize new types of competitive formats. This fosters an ecosystem of innovation where contributors can easily build, share, and improve upon each other’s work.