OLAS

1. Project introduction

The Autonolas Stack is made of three main components:

- The Open Autonomy framework.

- The Autonolas Protocol.

- A number of toolkits for building a growing collection of autonomous services.

Open Autonomy is a framework for the creation of agent services: off-chain autonomous services which run as a multi-agent-system (MAS) and offer enhanced functionalities on-chain. Agent services expand the range of operations that traditional smart contracts offer, making it possible to execute arbitrarily complex operations (such as machine-learning algorithms). Most importantly, agent services are decentralized, trust-minimized, transparent, and robust.

The Autonolas Protocol is a collection of smart contracts that implements a mechanism to coordinate, secure, and manage software code on a public blockchain, and provides incentives to developers proportionally to their relative contribution to the growth of the Autonolas ecosystem. The protocol is built with the Open Autonomy framework in mind as the primary framework for realizing autonomous services, alternative frameworks can also be used.

2. Investment institution

True Ventures, Signature Ventures, Semantic Ventures, Prime Block Venturees, Proof Group, and Atka participated.

3. Token application

The protocol coordinates the goals described above through a tradable utility token, OLAS, that will provide access to the core functionalities. The token follows the ERC20 standard and is deployed on the Ethereum mainnet.

OLAS can be locked for voting-escrow OLAS (veOLAS) to participate in the Autonolas DAO governance, thus shaping the protocol and its tokenomics.

OLAS can be locked for veOLAS tokens for permissionless access to a service whitelist that unlocks code owners’ top-ups (incentives in OLAS that boost the developers' ETH rewards). See the details here.

OLAS can be used to acquire (on a third-party DEX) LP-tokens that are required for bonding. This will enable protocol-owned liquidity and therefore support the protocol’s long-term growth.