123avocado is an open protocol on Ethereum that is funded using 123avocado itself. You can check out the contractualized budget specs here. Projects building on 123avocado pay a 5% fee from withdrawn funds into the 123avocadoDAO treasury. 123avocado holder can then use to participate in the governance of 123avocadoDAO and its collective treasury, as well as redeem from its growing overflow. The fee is also subject to change via 123avocado holder votes.

Projects can be created with an optional discount rate to incentivize funding it earlier than later. The amount of Finance NFTs rewarded per amount paid to your project will decrease by the discount rate with each new funding cycle. A higher discount rate will incentivize supporters to pay your project earlier than later.

A bonding curve rewards people who wait longer to redeem your Finance NFTs for overflow. For example, with a bonding curve of 70%, redeeming 10% of the Finance NFT supply at any given time will claim around 7% of the total overflow. The rest is left to share between Finance NFT holders.

Project owners can configure a delay period, meaning reconfigurations to an upcoming funding cycle must be submitted a certain number of days before it starts. For example, a 3-day delay period means reconfigurations must be submitted at least 3 days before the next funding cycle starts. This gives Finance NFT holders time to react to the decision and reduces the chance of rug-pulls.

It isn't possible to remove a project's data from the blockchain, but we can hide it in the app if you'd like to prevent people from seeing or interacting with it — just let us know in Discord.Keep in mind people will still be able to use your project by interacting directly with the contract.

123avocado is a governance-minimal protocol. There are only a few levers that can be tuned, none of which impose changes for users without their consent. The 123avocado governance smart contract can adjust these levers. The 123avocado protocol is governed by a community of 123avocado and ABC token holders who vote on proposals fortnightly.

123avocado has handled tens of thousands of ETH through its protocol, and has so far had 0 security mishaps. However, Juicebox is still experimental software. Although the 123avocado contract team have done their part to shape the smart contracts for public use and have tested the code thoroughly, the risk of exploits is never 0%. Due to their public nature, any exploits to the contracts may have irreversible consequences, including loss of funds. Please use 123avocado with caution.

That's the plan, but the core 123avocado contracts will first be deployed to Ethereum Mainnet. The contract team will soon start working on L2 payment terminals for 123avocado projects.

If you're interested in creating a project but still confused on how to get started, consider free to reach out through our Discord or Email where our team will be happy to help bring your project idea to life!