Lightency DAO Documentation

  • Created: 6 December, 2022
  • Update: 9 Avril, 2023

If you have any questions that are beyond the scope of this documentation, file, Please feel free to email via the contact section .

Introduction

Lightency DAOs

As a web3 energy platform, Lightency solution is based on the decentralized autonomous organization’s concept where we find 3 central governance DAOs: Lightency-Dao, Treasury-Dao, and the Energy fund-Dao.
Lightency is a multi-faceted holistic Web3 platform that allows the utilization of the blockchain technology to maximize and optimize energy distribution and production. Additionally, Lightency makes use of Decentralized Finance to provide an alternative funding scheme for green energy projects. Lightency’s DeFi solution additionally offers crypto enthusiasts from yield farmers to VCs the opportunity to make a green impact and offset their carbon footprint while making attractive returns.

What are DAOs in Lightency ?

What does DAO means ?

Decentralized autonomous organizations (DAOs) are a type of organization that operates on a blockchain network, using smart contracts to automate decision-making processes and other operations. DAOs are designed to be transparent, democratic, and decentralized, meaning that they are not controlled by a single entity or individual.

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Near protocol definition

In the context of Lightency ?

In the context of the Lightency ecosystem , DAOs play an important role in providing a decentralized decision-making process for key aspects of the platform's governance and operations. By leveraging the power of blockchain technology, DAOs enable members of the Lightency community to propose and vote on changes to the platform, without the need for a centralized authority to make all of the key decisions.
The Lightency ecosystem includes several DAOs, including the Lightency-Dao, Treasury-Dao, and Energy fund-Dao. Each of these DAOs serves a different purpose within the platform, but all are designed to promote transparency, democracy, and collaboration among members of the Lightency community.
Overall, DAOs play a critical role in the Lightency ecosystem, enabling the platform to operate in a decentralized and transparent manner. By providing a democratic decision-making process, DAOs help to ensure that the Lightency project is aligned with the values and goals of its community, while also promoting innovation and sustainable practices in the energy sector.

Technology stack?

Before diving into the specifics of Lightency's documentation, it's essential to understand the technology stack that underpins our green energy solution. The chosen tech stack plays a crucial role in the overall performance, scalability, and security of the platform. In the upcoming sections, we will delve deep into the details of each technology, explaining their significance and how they contribute to the effectiveness of our solution. By gaining a solid grasp of the tech stack, you'll be better equipped to comprehend and utilize Lightency's features, making the most out of the documentation provided.

EVM or WASM ?

In the rapidly evolving world of smart contracts, Ethereum has long been the go-to platform, with Solidity as the default language for EVM-based development. However, Ethereum's limitations, such as slow block times and high transaction fees, have paved the way for innovative technologies and new public chains. Among these, WebAssembly (WASM) has emerged as a prominent alternative.
WASM is a cutting-edge binary format that offers numerous advantages, including compact instruction size, quick execution speed, and memory safety. By utilizing smart contracts that run on WASM, blockchain resources can be used more efficiently, leading to faster block generation and enhanced stability. Ultimately, this results in an improved user experience.
One of the key features of WASM is its support for multiple front-end development languages, including Rust, C, C++, TypeScript, and AssemblyScript. When taking into account factors such as compatibility, toolchain availability, and language security, Rust stands out as an excellent choice for WASM-based development.

Our choice

Lightency is dedicated to enhancing the security of the entire DeFi ecosystem. To achieve this goal, we not only provide audit services but also strive to support the community through secure development practices. Recognizing the numerous benefits of Rust and WASM, we have chosen to focus on this technology stack and will be sharing a series of insightful content to help you stay informed.
After thoroughly researching various popular public chain projects, we identified the NEAR public chain as an ideal match for our objectives. NEAR natively supports WASM contracts and facilitates the development of smart contracts using both Rust and AssemblyScript languages. Consequently, we will base our upcoming discussions and knowledge-sharing content on the NEAR public chain. Stay tuned for more updates and resources from Lightency.

Rust

The Rust programming language, developed by Mozilla, boasts impressive execution speeds, efficient memory usage, and supports both functional and object-oriented programming paradigms. We understand that many readers might not be well-acquainted with Rust; however, there's no need to worry. Throughout this documentation, we will guide you in demystifying Rust, enabling you to leverage its capabilities for developing efficient and secure smart contracts in the context of Lightency's protocol.

IDE :

As you familiarize yourself with the Rust language for Lightency's development, selecting a suitable Integrated Development Environment (IDE) is crucial. We recommend using Visual Studio Code, complemented with Rust plugins like Rust-analyzer, to fulfill your everyday development needs. Alternatively, if possible, consider trying JetBrains CLion with the Rust plugin. Students can access this combination for free. Both options provide a streamlined development experience, making it easier to harness Rust's capabilities in the context of our green energy solution.

Install the Rust toolchain :

With a suitable IDE in place, the next step is to download and install Rust. Rust offers a simple and convenient installation process. For Linux systems, you can quickly download and install Rust by running the following command, making it effortless to begin developing with our green energy solution: 

                $ curl --proto "=https" --tlsv1.2 -sSf https://sh.rustup.rs | sh
After the installation is complete, we can check whether the installation is successful $ rustup --versionby .
RustupAs a manager for Rust toolchains, it provides methods to install, remove, update, select and manage these toolchains and their associated components. Then we need to add the WASM (WebAssembly) target to the toolchain by executing the following command: 

                $ rustup target add wasm32-unknown-unknown

Lightency platforms :

Lightency Dapp | Defi protocol