Protocol overview
yaaas's platform is a decentralised framework for weight-loss wagers, fueled by blockchain technology and governed by a two-token model. It showcases a robust architecture that outlines separate yet synergistic layers for effective platform performance.
Blockchain Contracts
This layer embodies the backbone of the yaaas structure. It oversees the handling of the YAA tokens, encompassing their usage for weight-loss stakes, their generation, and their internal transfers among users. Additionally, it regulates the functionality of the YGT tokens, attributing governance privileges to the token owners. This feature empowers them to voice their opinions on crucial platform adjustments and upgrades.
Integration of Oracle
The Oracle layer is instrumental in validating information from off-chain data sources tied to users' weight-loss goals and accomplishments. By integrating with third-party health-centric APIs and services, this element certifies the accurate processing and validation of user-reported targets and achievements.
Off-Chain Operations
Not all activity needs to transpire on-chain. Certain procedures such as user enlistment, account handling, order placement for bets, and withdrawal applications are carried out off-chain. This approach promotes speedier execution and reduces the computational workload on the network.
Incentive Framework
This layer underpins the user engagement with the platform. It avails users the opportunity to procure YAA tokens through active participation, winning bets, and supporting fellow users on their weight-loss journey. Furthermore, it enables proactive participants to earn YGT tokens, thus, converting their platform involvement into governance influence.
External Platforms Interoperability
To augment user value, yaaas's ecosystem is engineered to offer compatibility across platforms. Users can trade their YAA or YGT tokens on diverse DeFi platforms and exchange their YAA tokens for fitness equipment from allied brands.
User Interface Application
While not an integral part of the protocol, the front-end application layer is key as it represents the user's point of interface. It interacts harmoniously with all other layers to offer users a smooth, comprehendible, and engaging experience.