lh327513598
commented
3 years ago I think your ultimate goal is to increase the price of FATE! Then we can add 10% of the FATE liquidity according to the deposit amount through the deposit of DAO to meet the deposit standard. The added liquidity can be released every day and released in 100 days! APY can be increased appropriately, and the withdrawal DAO deposit handling fee can be set to 15%, decreasing by 1% every 10 days, and returning to the original 15% after withdrawal
FATExDAO Protocol
We are looking for an experienced DeFi developer to update our smart contracts to V2 - If the contractor would like to join the team full-time, that is an option.
Project Specific Job Post:
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 percent 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
Overview:
The bounty issue pays $8,888 for 75 hours of work in a stable coin or HRC20 of your choosing, this includes a 20% time allowance (expected work time is approx. 60-hours) & submissions should provide a 21-day build & final product delivery schedule (we will allow slight flexibility on the delivery schedule depending on how effective and specific the solution is) this includes support from our on-staff technical advisory team. This follows a traditional bounty model for pre-selection - this can be done by a team, but payment and treatment of service will be treated as a signal unit hunter.
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.
The actual details of how to do this are left “open” to encourage flexibility it terms of 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.
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.
Several ways to 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 when choosing the winner.
The winner will be decided by a DAO vote, which takes 36 hours.
The fee %s can be anything, but the idea is that they are set %s that line up with the deposit selection - the fee charged should decrease over time as the user selects longer lockup times.
Contact Us:
Please use our bounty specific Slack Channel, Telegram, Discord to reach out- slack is preferred - you may also email us at bounty@fatex.io- we want to make sure you have the best experience possible.