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commented
2 years ago Issue Status: 1. Open 2. Started 3. Submitted 4. Done
This issue now has a funding of 56312.2291 ONE (8918.17 USD @ $0.16/ONE) attached to it as part of the https://github.com/FATExDAO fund.
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aahutsal
FATExDAO
Bounty Issue #1
NOTE: Payment/Reward info. below - we are also looking for several full-time developers as well - this can be done by contacting us using the information provided below.
USE THIS TO INQUIRE ABOUT THE BOUNTY - WE ARE INTERVIEWING CANDIDATES AND WILL BE TAKING THE BOUNTY DOWN SHORTLY:
https://cryptojobslist.com/jobs/solidity-smart-contract-developer-at-fatexdao-new-jersey
Overview:
The best concept will create a smart contract digital asset pooling mechanism(s) that will produce several results, ultimately it will increase the price of $FATE and the TVL of FATExDEX. It should also create a user experience that moves from a traditional “yield-farm” model (FATExDAO is built for true “DAO” functionality - the DAO is a commercial enterprise that uses a dex that serves as a depository to pool capital collectively, the capital will be used to build specific products and services that the members will benefit from by receiving a percentage share of the resulting revenue. This provides a way for members to contribute, decide and participate in a manner & means beyond each individual or through traditional finance options
Support & Deliverable Time-Line:
FATExDAO has tech/dev advisory on staff - all submission(s) will be checked by an advanced developer - intermediate/advanced "student" submissions are welcome - a submission from a developer should include a deliverable timeline that allows room for feedback and/or debugging. There will be "check-ins" on a weekly basis to quickly review work and give feedback - this will ensure all parties are on track. The last thing we want is for someone to be chosen who feels overwhelmed and/or FATExDAO is not able to have the work completed, requiring us to restart this process.
Flexibility for Creativeness:
The point of the bounty and the ideas mentioned are to serve as guides. The winner will be chosen based on building a back-end solution that accomplishes the goal and is the most "user-friendly" - i.e. creating side benefits from whatever is creative that increases user interaction and is positively reinforcing vs. punitive will be deemed as more likely to win - however, if a punitive approach is deemed as more effective, so long as it doesn't detract users to the point of preventing growth - that will win.
The actual details of how to do this are left “open” to encourage creativity. The following example is a minimum of what is expected. It can be something entirely new and different, so long as the objective is still accomplished and the rationale for why it will be the best to accomplish this is easy to explain.
Hence, if you can think of a better development process, you must communicate both a logical and functional explanation, as well as a breakdown of the technical process/stack used. It is pertinent that you check with us first before building if the process involves an obviously different or complicated approach. We have finance/economic professionals at your disposal that you may consult with. Please feel free to reach out and ask questions throughout the process.
NOTE: The ability to integrate into the front-end is not necessary but will be considered advantageous for the winner. The FATExDEX frontend is a React TS application that is originally a fork of the Uniswap frontend. It uses best practices and standards for interacting with the blockchain through Web 3.
Multi-Approaches To Solve This Bounty ("do this")
Can be any combination, but not limited to the following (the more innovative the better, the following are for guidance purposes only):
New contracts that charge fees & have a different reward contract that “locks up” members capital contribution in a “static” time and fee structure that is user choice. This is a traditional bank time deposit model.
The fees and deposit times being static would mean the user selects from a predetermined list of options for length of time (and corresponding fee for early withdrawal (for example): 1 months with 12% fees 3 months with 9% fees 6 months with 6% fees 9 months with 3% fees ETC. — again, this can be done in a much more creative way - this will be considered by choosing the winner.
The fee %s can be anything, but the idea is that they are set %s that lines up with the deposit selection. The fee charged should change as time passes and not be “static.”
The winner will be decided by a DAO vote, which takes 36 hours.
Contact Us:
**Please use our bounty specific Slack Channel, Telegram, Discord to reach out- slack is preferred - you may also email us at info@fatex.io- we want to make sure you have the best experience possible.
Use the contact resources for more information/questions - you can schedule an appointment here to discuss here but it must be done after submitting questions using the channels provided**
"TEAMS" are acceptable but will be treated as one "hunter" for payment and work - this is not designed to be a competition but for a specific set of dev. deliverables"
Support & Deliverable Timeline:
FATExDAO has tech/dev advisory on staff - all submission(s) will be checked by an advanced developer - intermediate/advanced "student" submissions are welcome - a submission from a developer should include a deliverable timeline that allows room for feedback and/or debugging. There will be "check-ins" on a weekly basis to quickly review work and give feedback - this will ensure all parties are on track. The last thing we want is for someone to be chosen who feels overwhelmed and/or FATExDAO is not able to have the work completed, requiring us to restart this process.
FATExDAO Bounty Reward Details (IMPORTANT - GITCOIN NOT PRICING CORRECTLY) & Additional Options:
The reward, at minimum, is: $8,888 for 75 hours of work (+$118/hour).
60 hours of work is expected to build what is necessary to solve the issue and 20% additional time is provided for debugging, testing, and back & forth with our team ensuring sound design. Our tech. advisors will be providing this support - so the 20% increase is ample for the time we expect any changes/feedback etc. will require direct work to refine.
There are options (that gitcoin does not permit by its structure to offer) where the bounty winner would be able to receive a significant percent of FATE supply. At the current price of FATE - the pay-out would be at least 150% more than the cash payment, but have a payout and locking period to avoid dumping. There are several options we have prepared if this interests the chosen bounty provider, including a hybrid payment, and can be as much as 0.5% of total token supply (4,444,444.44) - which is $22K at the price as of this posting… (+$0.005)
The logic for this incentive is actually more beneficial to the bounty provider - given that if the bounty product is successful, $FATE would have a significant increase in value.
Instead of presenting the options, which are negotiable and case-dependent, we will discuss this with the chosen hunter, at their discretion, and explore if it is sensible for us to propose this as an option. (NFA - we would recommend FATE vs. immediate transferable payment - FATExDAO is a fiduciary owned by a DAO, not a dex or a yield farm - w/ your help the true value of $FATE will begin to emerge - we recommend you read the Green Paper & ask as many questions as possible - part of the roadmap is intentionally vague and "grandiose" - because it is proprietary & not debatable.)
We are looking for part-time and/or full-time team members and are offering generous pay and/or minority ownership packages.
Regardless of whether we accept your bounty submission - please inquire about this opportunity as well.
The hope (though not necessary) is that the winner will be incentivized to continue contributing. This bounty has the option to become a full or regular part-time position as a lead dev and much larger stakeholder.
Bounty Issue #2 (will post after and/or during this bounty)
This Description provided as guidance for the additional components needed in the smart contract of this bounty, as stated above, to create the framework for its implementation, which will be posted no later than immediately after completion of the subject Bounty Issue #1.
If you (or your team) are able to do both Bounties please let us know — payment will need to be discussed - but, at minimum, can be given one after the other. The time allotted is half of Bounty #1 and the payout / hourly rate is the same. If a hybrid reward option is taken for doing both bounties - we can structure it so it is more advantageous than having the bounty issues done separately.
Bounty #2 is best described as an NFT Membership / Reward Levels (like an Amex card with different levels of membership) - including graphical design and front-end interface/UI. Bankless recently just came out with something similar.
Bonus rewards are paid out to a members wallet based on at least one (if not all of the following) and not limited to these (other ideas presented that achieve the goal of rewarding compounding and long term capital contribution that are and create more user interaction will be viewed as better )- the more creative the concept to achieve an automatic rewards tracker will win the bounty:
1. Time length of liquidity pool contribution
This can be as simple as creating a mechanism to give a “member participation tracker/score” — Rewards levels can be put into groups, creating member tiers.
We want this option to include an NFT component i.e. a membership card that looks professional and sleek (think AMEX black card - #DeFi style)
If you (and/or your team) are capable of doing both of these bounties please let us know.
Happy hunting.