DFP 12: Fund 6 months of work on the Balanced app & website
We (PARROT9) plan to submit our next proposal for a 5-day vote on November 29, exactly one month early, to account for the extra time we spent on Balanced to keep up with the rapid pace of development. See our previous proposal for reference.
What we achieved during the last proposal period
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Launched cross-chain loans (design, implementation, docs, marketing)
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Set up the cross-chain demo
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Designed the concentrated liquidity UI
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Improved the handling for multi-chain assets
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Added a Tokens section for the Trade page
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Performed QA for every connection, feature, and bug fix
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Design for cross-chain liquidity
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Design for a liquidity incentives dashboard
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Design for cross-chain Savings Rate & rewards
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Countless bug fixes and enhancements for the app & stats page
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Stellar implementation (pending release)
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Optimism implementation (pending release)
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Launch marketing
- Arbitrum & BNB Chain
- Base
- Havah
- Injective
- Cross-chain loans
- Sui
- Stellar (pending release)
- Solana (pending release)
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Hackernoon articles
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Additional Balanced articles
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Regular updates on social media
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Frequent updates to the website & docs
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Community-building efforts with the ICON team
What we plan to work on during this proposal period
- Support new blockchain connections (implementation, QA, docs, marketing – 3 in progress)
- Liquidity incentives dashboard (implementation & QA)
- Cross-chain rewards (design, implementation, QA, docs, marketing – in progress)
- Cross-chain liquidity (QA, docs, marketing – in progress)
- Marketing for intent-based trades (in progress)
- Bridge tab improvements (design, implementation, QA, docs)
- Concentrated liquidity (implementation, QA, docs, marketing)
- Completed cross-chain demo
- Updated UI design (to reflect the demo)
- Better chart support
- Stats page maintenance and improvements
- UI adjustments to support any contract updates released over this time period
- Continue to publish regular updates on social media
- Continue to support the developers’ efforts to create technical docs
- Continue to support the ICON team with community-building efforts
- Stretch goal: explore and start implementing an activity history section for improved transaction handling
Amount requested: $156,000*
4 contributors @ $6,500/month ($26,000) for 6 months
*Unless the community wants to withdraw protocol-owned liquidity, we’ll need to receive payment in sICX so an extra 5-10% will be added as a buffer.
We’re conscious of the fact that the DAO is still not earning enough to sustain the cost of our continued work. But as Balanced has many features to launch over the next few months, now is not the time to slow down, let alone stop.
We plan to address this during the next work cycle when, alongside support for new features and connections, we’ll focus on rounding out as many rough edges as we can to bring the product to a “final” state. At that point, unless circumstances change or there’s appetite for a specific feature, the only updates needed should be for new chains and tokens.
If there’s anything you feel should or shouldn’t be on the list to achieve that goal, we welcome all feedback.