Comment on page
DIP-4: Device Integrations
Headline: Expanding the ecosystem of DIMO compatible hardware devices and software connection methodsAuthor: The DIMO FoundationSubmitter(s): The DIMO Foundation [0xCED3c922200559128930180d3f0bfFd4d9f4F123]Status: Deployed
The requirements for any integration providers are that they must:
- 1.Pass a DIP that approves their license application;
- 2.Bond 100,000 $DIMO tokens as a security deposit;
- 3.Transfer the applicable amount of $DIMO for each integrations they enable; and
- 4.Remain in good standing with the community.
As a part of the vision to establish DIMO as a decentralized universal protocol, it is important to develop a robust and diverse ecosystem of manufacturers producing DIMO compatible hardware and software companies providing digital integrations.
The goals of this proposal are to:
- Onboard and retain hardware providers (OEMs), software integrations, retailers, distributors, and support channels that are tightly aligned with the interests of the DIMO protocol and its users;
- Accelerate the development and integration of new device types and integration methods such as dash cameras, cheaper dongles, embedded hardware, and more; and
- Optimize the operations and financing of device production, fulfillment, and installation.
In order to connect to DIMO users, their vehicles, and their data, integration providers must agree to various obligations, receive a license by passing a DIP, bond 100,000 $DIMO, and deposit $DIMO for each device they sell.
Integration providers commit to maintaining strict quality and security standards, provide support for their services, always act in good faith, and agree not to engage in unlawful activities. The following is illustrative but not exhaustive.
Connection methods must not:
- Interfere with the users safe operation of their vehicle;
- Damage the vehicle it is installed in;
- Deliberately or negligently generate false data.
Connection methods must:
- Comply with all local regulations;
- Receive adequate support from the provider for a reasonable duration of time;
- Perform as expected; and
- Only share data with recipients that the user has opted into sharing with per the parameters of the DIMO protocol.
Prospective integration providers may receive a license by passing a DIP using the License Approval Template. The application must provide details about their business, their operating history, as well as specifications for the initial devices they intend to manufacture and/or software services they intend to provide.
The DIP must contain specifications for at least one device design, test units, and data samples and/or a code repository and a functioning demo. Licensed providers are able to submit additional and simplified applications for new devices and software methods at any time.
All integrations methods must be categorized as one of the following device types. New device types may be added by token holders with a valid governance vote.
The following are minimum device specifications.
Both Hardware & Software
Licenses are NFTs that can only be minted or transferred by DIMO Integrations. These certify the integration provider meets all required qualifications required and has been whitelisted for the production of compatible devices. After receiving a license, the integration provider is required to submit a deposit of 100,000 $DIMO tokens (the “bond”). For more on how this works, see License.
While it is preferred that the integration provider is the party putting up the bond, it is also possible for a financing partner, such as a distributor, to put up the bond on behalf of the manufacturer.
Should applicants not have $DIMO or not want to interact with tokens, they may purchase $DIMO from the Foundation and/or have the Foundation put up the bond on their behalf.
The bonding amount may be altered by any future governance vote.
Through a governance vote, DIMO token holders have the ability alter the manufacturer’s bonding requirements. Manufacturers must be given thirty days to adjust their bond to the new level.
Token holders are also able to ban devices from the network (e.g., if they’re not secure and provide false data) and/or suspend or revoke a manufacturer’s license through a valid governance vote if they violate the obligations specified above or there is demonstrable and material negligence or malice perpetrated by the manufacturer that harms users or the DIMO protocol generally.
Any manufacturer may renounce their license and receive back their bonded $DIMO after six months.
For physical hardware, licensed manufacturers pay a set amount of $DIMO to mint a device and enable it to connect to the $DIMO network.
The $DIMO payment is set aside. Each month that the connection persists, the integration provider receives some of that $DIMO back as rebate for twenty four months until they earn back 70%.
Why add this complexity? It's to align incentives.
This rebate mechanism ensures that both integration providers and DIMO Integrations are long-term holders of $DIMO and that they have an incentive to produce resilient devices and services that users will love and want to keep connected.
The DIMO Treasury keeps any $DIMO that isn't returned to the manufacturer.
The amount of DIMO required for device minting varies by device type.
Similar to the bond required for licensing, device minting costs may be covered by financing partners, such as a distributor.
For six months after the passage of this DIP, the following companies have a temporary license. Following six months, they will need to apply for a permanent license per the process defined above.
If passed, the DIMO Foundation will issue licenses per valid governance votes.
Copyright and related rights waived via CC0
Please cite this document as:
Dec 7, 2022: added discussion forum and voting type to the DIP header.
Dec 7, 2022: adjusted review date to give people more time to claim the Airdrop prior to voting going live.
Dec 26, 2023: adjusted review date again to allow for fixes to delegation strategy prior to voting.
Dec 30: combined Micro and Standard Dongle to one category ("Dongle") and decreased minting price on all device categories.
Jan 6, 2023: final adjustment to review date — proposals go to vote on Tuesday Jan 10.
Jan 6, 2023: simplified the language on buying tokens from the DIMO Foundation and removed the preset exchange rate. Refer to DIP-6: The DIMO Foundation for more on exchanging tokens with the Foundation.
Jan 6, 2023: updated the language surrounding revoking a hardware manufacturer's license to include cause.
Jan 9, 2023: made device minting cost 25 $DIMO for all device types for now
The contract addresses for $DIMO are 0x5fab9761d60419c9eeebe3915a8fa1ed7e8d2e1b on Ethereum and 0xE261D618a959aFfFd53168Cd07D12E37B26761db on Polygon. Please always confirm that you are interacting with these contract addresses and not those of a fraudulent imitator. This proposal may not be enacted if it violates Cayman Islands law. Please triple check that any communications are authentic as it’s common for scammers to try to trick you into sending them crypto or into revealing your private keys.