Collab.Land Node Sale

### Product Requirements Document (PRD): Collab.Land Node Sale --- **Project Name**: Collab.Land Node Sale **Objective**: To leverage EigenLayer for shared security in distributing the task of checking for token gating and rewarding operators in COLLAB, while integrating with Collab.Land for seamless user experience and transaction fee-based COLLAB buybacks. --- #### 1. **Overview** Collab.Land Node Sale aims to create a robust mechanism for token gating by utilizing EigenLayer's shared security. This system will incentivize operators to monitor token gating rules and integrate with Collab.Land for efficient community management. Additionally, the project will airdrop smart accounts to community members, enabling on-chain transactions within Discord or Telegram, with transaction fees contributing to COLLAB buybacks. --- #### 2. **Features** 1. **Shared Security via EigenLayer** - Operators use EigenLayer's Active Validation Service (AVS) to listen for transfer events from specific contracts. - Operators perform token gating checks when transfer events are detected. - Operators communicate with Collab.Land API to manage community membership based on token gating rules. - Reward operators with COLLAB for their services. 2. **Collab.Land Integration** - Direct integration with Collab.Land to manage community memberships. - Automated notification to Collab.Land API for membership changes based on token gating results. 3. **Smart Accounts for Users** - Airdrop smart accounts to Collab.Land community members. - Enable users to initiate on-chain transactions directly from Discord or Telegram. - Transactions through smart accounts are frictionless and do not require leaving the communication platforms. 4. **COLLAB Buyback Mechanism** - Transaction fees generated from on-chain activities through smart accounts are collected. - The Collab.Land DAO uses these fees to buy back COLLAB, supporting the token's value and ecosystem. --- #### 3. **User Stories** 1. **Operators** - As an operator, I want to use EigenLayer to securely monitor and validate token gating rules. - As an operator, I want to be rewarded in COLLAB for performing token gating checks and communicating results to Collab.Land API. 2. **Community Members** - As a community member, I want to receive a smart account that allows me to perform on-chain transactions without leaving Discord or Telegram. - As a community member, I want my community membership to be automatically managed based on token gating rules without manual intervention. 3. **Collab.Land DAO** - As the DAO, I want to use transaction fees from smart accounts to buy back COLLAB, thus supporting the ecosystem and increasing token value. --- #### 4. **Technical Requirements** 1. **EigenLayer Integration** - Implement AVS to monitor transfer events. - Develop logic for token gating rule validation. - Ensure secure communication between operators and Collab.Land API. 2. **Smart Accounts** - Create a mechanism to airdrop smart accounts to community members. - Integrate smart accounts with Discord and Telegram for seamless on-chain transactions. 3. **COLLAB Buyback System** - Implement a system to collect transaction fees from smart accounts. - Automate the process of using collected fees to buy back COLLAB. --- #### 5. **Security and Compliance** - Ensure all communications and transactions are secure and comply with relevant regulations. - Regular audits of smart contracts and integrations to maintain high security standards. --- #### 6. **Timeline** 1. **Phase 1: Planning and Design** - 1 Month 2. **Phase 2: Development of EigenLayer Integration** - 2 Months 3. **Phase 3: Development of Smart Accounts and Integration** - 2 Months 4. **Phase 4: Testing and Quality Assurance** - 1 Month 5. **Phase 5: Launch and Monitoring** - Ongoing --- #### 7. **Key Metrics** - Number of operators participating in the EigenLayer validation. - Frequency and accuracy of token gating checks. - Number of on-chain transactions initiated through smart accounts. - Amount of COLLAB bought back using transaction fees. --- #### 8. **Risks and Mitigations** 1. **Security Risks** - Regular audits and security reviews. - Implementing robust encryption and authentication mechanisms. 2. **Operational Risks** - Clear documentation and training for operators. - Redundant systems and fallback mechanisms to ensure continuous operation. 3. **User Adoption Risks** - Community engagement and education campaigns. - Incentivizing early adopters with rewards and benefits. --- #### 9. **Conclusion** Collab.Land Node Sale leverages the power of EigenLayer for shared security and efficient token gating, seamlessly integrates with Collab.Land for community management, and introduces smart accounts to facilitate on-chain transactions. The project aims to enhance the value of COLLAB through strategic buybacks funded by transaction fees, creating a sustainable and secure ecosystem. [Machinations diagram](https://my.machinations.io/d/collabdao-avs/b859a9d830f911ef900a0ad568087609) [Mermaid diagram](https://www.mermaidchart.com/raw/97968429-71f3-4ffb-a3a4-dadd9d20f148?theme=light&version=v0.1&format=svg)