Everest Charter

Everest is a shared registry of projects that is curated by its members.

Everest’s mission is to catalyze the shift to Web3 by organizing all the projects working toward this common goal. Decentralization will create transparency and opportunity, enabling anyone in the world to contribute their talents to a global economy.

The Everest Registry will include any organization that believes in the goals of decentralization and the spirit of discovering and building radically new ways for humans to cooperate and organize. The registry uses the ERC-1056 identity standard for interoperability to allow project identities to be used across applications.

Project Listing Guidelines

Everest depends on the community's efforts to maintain an accurate and useful registry. If a project has inaccurate information or is being misrepresented, a registry member should challenge the listing. Members are encouraged to vote or delegate their votes to someone who will actively participate.

Everest Curation

Adding a Project Anyone can add a project to Everest by paying a 10 DAI listing fee to the Reserve Bank. The listing fees are used to pay rewards for successful challenges and to pay for development and curation of the list.

Project Owners and Delegates The creator of the listing is the default owner. The owner can edit the project, vote on behalf of the project and challenge other projects. Owners can transfer ownership at any time.

Project owners can delegate their vote to another user, who can vote on and create challenges but cannot edit project details or transfer ownership. Users can be delegates and owners for multiple projects at the same time.

Project Representatives If you are an employee or play a key role in the project, you should claim the project by selecting the “Project representative” option when creating the listing. If the organization is hierarchical, employees higher in the hierarchy take precedence. It’s preferable to have Project Representatives maintaining listings over community members to increase the authenticity of the data.

Owners who are not representatives may see their projects challenged and removed. To mitigate the need to forcibly remove projects, non-representative owners should transfer ownership to Project Representatives upon request.

Challenging Projects Owners and delegates can challenge listings on behalf of their projects if they believe the listing is conveying fraudulent or inaccurate information.

Registry listings should only be challenged if there is reasonable belief that the project does not belong on the registry because of one ore more of the following reasons:

The project details are inaccurate (eg. outdated information, broken links).
The project's categories or sub-categories are inaccurate.
The project is being misrepresented (eg. inaccurate data, fraudulent information about the project details or activities).
The project is not, in a broad sense, working toward decentralization.

A description of the dispute must be included in the challenge to ensure that voters have sufficient information about the claim. For example: "Website link is incorrect", "Project owner is not a representative and refuses to transfer ownership", "Project is in the wrong category".

Challenge Reward

Anyone can challenge a listing by staking 10 DAI against the dispute. If the challenge is successful, the stake is returned and the challenger is additionally awarded 9 DAI. If the challenge is unsuccessful, the challenger loses their stake and it's added to the Reserve Bank. Once a challenge is complete, any user can click to resolve the challenge. Performing this action updates the state in the registry. Since this consumes gas, resolvers are awarded 1 DAI for resolving a challenge.

Voting Rules Registry members can vote on active challenges to other projects to keep or remove them from the registry. Each project has one vote but votes are time-weighted with the square root of the length of time the project has been a part of the registry.

Project owners or delegates will have up to 2 days after a challenge has been initiated to vote on the challenge and they can vote on behalf of multiple projects. A challenge is successful if there is at least one non-initiating vote and the weight of votes to remove the project exceeds the weight of votes to keep the project. If there is a tie vote, the challenge is not successful.

Reserve Bank The Reserve Bank holds the deposits of all added projects. Any successful challengers and challenge resolvers are also rewarded DAI from the Reserve Bank. The funds accrued in the Reserve Bank will be used to support continued development of Everest and its ecosystem, to grow the registry’s utility to projects. The Graph currently holds the keys to the Reserve Bank.

Community Maintenance

Everest was developed by The Graph and MetaCartel and will be maintained by the community through grants and bounties, paid by the Reserve Bank. Community members can contribute by adding and claiming projects and submitting pull requests to the Everest Github repo.