This a work-in-progress list of all DeFi dapps / projects, that currently do not have renBTC and/or other renXYZ assets added to them. I think this list will prove itself useful for future community activity coordination and reference.
What we should do is join their socials (telegram, discord, maybe twitter) and politely ask around about adding renXYZ. If they have a governance system, than we should consider setting up a proposal.
Polygon / Matic
Here’s a list of potentially interesting places where renXYZ can be added:
Let’s get the ball rolling team, curious what can be done as a community!
Sharing on social media and other social Ren related channels is encouraged. I’ll be adding to he list myself and updating it regularly.
Btw do people think it would make sense using a little part of the Community Ecosystem Funds for bounty payouts, giving out small grants to authors of successful governance proposals, those that propose some Ren asset integration or RenJS integration in other DeFi protocols?
I didn’t want to be the first replying to this, since I was in the process of making a proposal, but because nobody else except Shiny is answering for so long, I’ll go ahead and share my opinion now.
Yes, I think it makes perfect sense. Especially because it would allow people to prioritize this activity over other immediate or short term money making things like work. Also putting up proposals quite often costs not only precious time, but money (transferring funds, buying tokens, being exposed to the price volatility, selling tokens etc).
Personally I’d still do this regardless, maybe just a tad bit slower, but I’m sure more people would be active if this reward system was in place. Giving out fair incentives is a cool thing to do.
This is a good topic for conversation. I don’t think anything should be given until proposal proves successful. In that case, perhaps the reward is on a sliding scale determined by amount of success? So if proposal brings in a small amount of volume, creator gets a little, but if it brings in a large amount then they get more. Perhaps determined after x months the application is live.
I think this is a great idea Max. In fact, I would go one further with incentive.
I believe we should fund proposals to protocols even if they are not successful, a small amount like $100 of renBTC (it would have to be a quality proposal and not just spam)
Then for successful proposals, we should have a higher incentive of around $1000-2000 of renBTC (maybe even more) payable upon the proposal passing.
Then if the proposal proposes a native mint/burn integration of RenVM this could have a higher reward associated with it, payable upon then native integration becoming live.
Having this would certainly incentivize people to start posting in protocol forums to get renASSETs added.
Specifically on how to quantify the rewards, I think of three large differentiable actors in this present (taking into account that the dynamics in crypto are measured in months).
Personally, I envision a medium-long future with the largest lending protocols well over 100B each, and BTC as the largest collateral asset in history.
Last cycle fees were 1M ( value now). It would be around 75,000 to the CEF. I prefer to be a bit more ambitious with the ammounts but I think it must be rewarded based in the liquidity of the protocol.
What we should do is join their socials (telegram, discord, maybe twitter) and politely ask around about adding renXYZ. If they have a governance system, than we should consider setting up a proposal.
