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Ouro Payments

Video Demo (Recommended) https://ouropayments.com (Demo on Goerli using OuroDAI tokens)

Ouro Payments Banner

Brainstorming

Please note in order to submit a stream to an address it requires that you have a node running

What

Ouro Payments is a privacy preserving payment stream service built on Raiden Network developed during the Protect Privacy hackathon fulfilling the bounty Use Raiden for fast privacy preserving payments.

The project draws inspiration from Sablier.finance but leverages the inherent privacy and scalability that Raiden Network provides to create a truly continuous payment streaming service.

Continuous payment streams allow people to capitalize on the opportunity cost of money owed to them. This can be best explained through a hypothetical example. Imagine Alice receives her salary at the end of each month. Her first day of the month salary is owed to her for ~30 days by her company. If she were to receive her salary for the first day she worked of the month she would be able to earn 30 days interest on that days salary. Individually these are small amounts but collectively account for a large amount. Monthly payments are archaic, inefficient and totally abstract that have occured from the historical pain point of making payments and accounting. Continuous streams are automated and reduce the efficiencies of staggered payments.

Use Cases

  • Salary payments - Instead of monthly payments employees receive their salaries in an hourly or daily time frame
  • Rental payments - Pay your landlord daily
  • Retainer contracts - Continuous payments create trust between unfamiliar companies
  • Car rental - Pay each minute you use the car. (*Thought: Pay based on km driven metric rather than just time)
  • Equipment rental - Pay each minute you are in the water surfing rather than being confined to a strict time schedule

Demo

(🚨large file may take a while to load🚨)

Ouro Payments Banner

Get started

This repo contains 4 individual applications.

The UI

The ui is the frontend app built using nextjs written in javascript

start static site

yarn dev

Build into static files

yarn build

(This will export the website into /ui/out)

The Backend

The backend is a rest api written in ReasonML using a hasura db

start server

yarn backend

Raiden Node

The raiden node is the node used in the demo, it requires raiden installed to run

start node

yarn raiden-node

Desktop App

The desktop app is the ui wrapped in electron, the idea behind the desktop app is that privacy and security can be maximised by isolating the app restricting access from potentially high risk extensions

build app (requires the ui to be built first)

yarn build

start app

yarn desktop

Project todo list

Outstanding

Static Explainer Site

  • clean css

Dapp

  • Optimize for mobile
  • Add state management (redux)
  • Progress bar

Dapp

  • Improve stream length input ux

Complete

Static Explainer Site

  • Set up hosting (trying render.com for the first time)
  • Set up nextjs boilerplate
  • Set up domain
  • Validate dns is set up in 48hrs (thurs 13:15pm)
  • Add analytics
  • Favicon & Meta
  • Install fonts
  • Continuos deployment
  • about section
  • button to dapp
  • button background image size optimize
  • Redo favicon (maybe emoji lightning bolt)

Dapp

  • Run a raiden node (goerli)
  • Overview with steps UI
  • Create stream ui
  • Create channel steps
  • Form validation
  • Deploy new token
  • Streams dashboard
  • State management context api

Further Work

  • Developing the application into a mobile app, using the raiden lite client in react native.
  • Integrate the raiden wizard steps for users to set up their raiden node

Further Considerations

  • Deposit switching concern
  • Public withdrawal concern

Resources, References, tools, etc

Disclaimer

We have not received any permissions to use the logo, this project in its current form remains a proof of concept and is under active development.

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