Optimal Contracts
Ensuring transparency and fairness in contracts across all industries
Optimal Contracts builds Optimal DAO and provides Optimal DApps for our members. Optimal DApps are powered by Optimal Smart Contracts based on AI and blockchain technologies applied to contract theory that aims to achieve Pareto optimality in all exchanges of value across all industries.
Our Mission
Every exchange of value, every contract in the economy is affected by the Principal-Agent problem: the provider (the Agent) of a product, such as a good, a service, or a liability is better informed about the product than the recipient (the Principal) of the product. The provider may use his informational advantage to ensure that the settlement is in his favour, resulting in a net loss of value for the recipient. The lack of transparent information and incentives reduces the market efficiency associated with these contracts and sometimes leads to market failure.
Our mission is to develop a systematic solution to this problem across all industries, by building Optimal DAO. In 2022, we founded Optimal Contracts AG in Zug, Switzerland, in the heart of the famous crypto valley to build step by step all the missing pieces of this ecosystem.
Optimal DAO
Optimal DAO solves the Principal-Agent problem in all exchanges of value for the recipients who become our members. We achieve Pareto optimality for our members through the development of industry-specific Optimal DApps. These are powered by a revolutionary and patent-pending technology called Optimal Smart Contracts, based on blockchain & AI technologies applied to contract theory.
1. Our approach starts by tackling the industry-specific Oracle problem head on, leveraging AI and distributed sources of truth about the product and utility functions of both providers and members.
2. Next, we deploy our radically innovative, Optimal Smart Contract Resolution Algorithm (OSCRA) to optimise real-world contracts that minimise recipient loss while still considering the provider’s interests, generating optimal incentive mechanisms between providers and members.
3. By encoding these parameters into Optimal Smart Contracts on the blockchain, Optimal DApps become marketplaces benefiting all our members.
Optimal DAO empowers members by ensuring that governance is fully decentralised and under their control. Members can manage externalities that affect their assets, including wealth, health, data ownership, and the environment in the design of Optimal DApps.
Research & Development
Optimal DAO Litepaper v0.1
Optimal DAO: An Optimal Smart Contracts and Optimal DApps based Ecosystem
Published on LinkedIn on 1 January 2024
DAWO24 Academic Paper
Optimal DAO: An Optimal Smart Contracts based Ecosystem Design for a Systematic Solution to the Principal-Agent Problem
European DAO Workshop 2024 July 4th/5th 2024 Winterthur, Switzerland
Our Team
Costin Oarda
Founder & CEO
Costin is a fully qualified actuary of the French & Swiss Associations of Actuaries (IA & SAA). He founded Optimal Contracts AG in 2022 and Optimal DAO in 2024, pioneering the integration of AI and blockchain technologies applied to contract theory.
He is the inventor of the breakthrough Optimal Smart Contract technology, which makes it possible to systematically establish Pareto optimality in every contract across all industries, thereby enhancing transparency, trust and fairness in the economy.
Since 2013, Costin Oarda has been passionate about researching and developing concrete and operational solutions to the Principal-Agent problem and invented an Optimal Contract Resolution Algorithm to solve moral hazard in the health insurance industry.
Prior to his entrepreneurial journey, Costin Oarda was in charge of developing the actuarial reserving models and the valuation of the technical reserves of the CSS Group, the market leader in health insurance in Switzerland.
Marie Oarda
Talents
Mathias Blarer
Software Engineer
Matthias Gösser
Project Manager
Sébastien Thuillier
Software Engineer
Seb dropped out of school to embark into his Web3 carrer. Passionate ecosystem member he created Motoko Bootcamp to help others join the adventure, he contributes his technical expertise to Optimal DAO.
Cesare Carissimo
Contract Theory Researcher
Cesare obtained his PhD in Computational Economics from ETH Zurich, titled Multi-Agent Q-Learning With and Without Orchestration. His focus was on the cooperative and competitive dynamics that emerge in systems of interacting reinforcement learners and their welfare effects. He is dedicated to bringing his vision of multi-agent systems to bear in our evolving economies, and design them to suit the needs of users and markets.
Nina Haide
Web3 Frontend Developer
Nina is a Web3 frontend developer and UX designer passionate about crafting beautiful, intuitive, and user-centered digital experiences. She loves bringing ideas to life through clean, responsive code and thoughtful design that feels effortless to use. With a balance of creativity and technical precision, Nina focus on building interfaces that connect people and technology in meaningful ways.
Interested? Contact Us Now!
We are still in the early stages and would be delighted to build this ecosystem with you! Are you interested? Please contact us on LinkedIn!
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