It is an Operating System developed on Ethereum called EthOS. Its aim is to create completely decentralized, anonymous and secure applications.
EthOS wants to guarantee security and extension possibilities for developers, and is based on extensible factories, i.e., like a real platform, using cloneable contracts with ad hoc customizations without loss of security for end users.
This means that all applications built on top of it, as well as being extensible in terms of logic, guarantee a layer of security to users for standard operations, thus not allowing developers to insert malicious bugs and backdoors, a frequent situation in today’s DeFi.
EthOS is the result of research and development on the Decentralized Flexible Organization (DFO) protocol, which enables the creation of 100% on-chain organizations in which token holders can vote to directly execute code within the organization.
EthOS how does the Ethereum-based operating system work
The project is now divided into three organizations, DFOhub, Covenants and Items, each with its own token.
After the first experimental phase, which lasted about two years, the next step is to merge these three projects into a single entity, EthOS, with a single governance concentrated in the new EthOS DFO.
At the same time, just like the projects, the 3 voting tokens will be replaced by the new OS, which will be used to manage the governance of EthOS.
In addition to being able to manage the 3 main projects in a simpler and more advanced way than before, thanks to the experience gained in version 0.5 of the Organizations protocol (DFO rebranded), each Organization will have a set of new tools to support governance, such as subDao, which will allow token holders to make quick decisions on particular and pre-set aspects of the organization’s business model without directly affecting the choices of the entire DFO, or architectural changes in the code of the entire application, transforming the DFO level compared to the subDAO level, to a real on-chain github.
This will then allow the rapid setting of a parameter such as a dynamic fee within the services offered by the organization, or decide how to allocate part of the funds made available.
DFO EthOs will use this innovative architecture on day one to:
- Delegations of token holders, with the aim of funding important initiatives for the entire ecosystem, obtaining monthly grants, based on the earnings of the on-chain organization.
- Dividends: part of the revenues of the EthOS organization will go into dividends in Ethereum farmable by token holders through the liquidity placed in the pool Uni V3 OS-ETH.
- Part of the revenue will be invested in long-term investments, i.e. token holders can decide various tokens to accumulate for the long term with weekly inflation of treasury holdings.
The business model of the EthOS operating system is based on small fees for the use of its various protocols, payable through coins used in operations or by burning OS.
This model gives token holders the ability to change the two fees and thus be able to manage financial scenarios and future challenges, increasing revenue or reducing token supply, a model very similar to EIP 1559.
More information on the switch to OS: https://ethos.eth.link/os.html