Proposal: Utilize treasury to fund bounties that could expand ViperSwap’s ecosystem and user base.
Background: Harmony has a Gitcoin bounty page where they outsource dev work in exchange for bounties. Any dev can read the bounty and try to tackle the problem. The timespan is usually within 3-4days (which is great!).
Issue: 0xViper probably doesn’t have enough bandwidth to run this and migrate the new code to ViperSwap’s github.
Solution: Start off with bounties that doesn’t add any bandwidth on 0xViper, but will create NET POSTIVE return for VenomDAO.
Proposal #1: Create bounty to integrate more wallets to Harmony’s DEX. As of right now, only Metamask wallet is compatible with yield farming on Harmony. Metamask requires a steep learning curve and if we can make farming $VIPERS easier, we can increase TVL and grow the VenomDAO ecosystem. As a validator on Harmony, I’ve seen a lot of people struggling with how to delegate (which should be the easiest thing to do on Harmony cause before Viper, there was only staking…).
Action Item: Create bounty on GitCoin for around $2.5k-$5k USD.
Collaboration: Since this will benefit Mochiswap AND Harmony, they can also help contribute to the bounty.
Why do I care? DeFi week and Viper farming is great, but if only a small subset of the population can use it, then what’s the point? As Harmony’s default DEX, we should be open to as many people as possible. We don’t have a .info page yet so we don’t truly know how much volume goes through Viper, and by default, how much fees are generated.
Bitcoin was just added, but unless you have a Metamask wallet, you ain’t getting any. I get that all of you degens are prodigies, but there’s so many people out there with ONE but can’t utilize it. Give them the extra push. If we have $10k for a Meme competition / Marketing Event, I think we can also have a bounty that could help meaningfully grow our TVL and the greater Harmony ecosystem.
Price of Viper = Derived from utilization of ViperSwap.
You can add as many pools as you want, but once the emission dries up, where are you going to get your fees from? If you don’t have people swapping or providing liquidity, how is the ecosystem going to grow? Through DeFi week, we have BUILT it. I think we need to give an extra push and they will COME.
Market price for coding is around $1-2k right now, see Leo’s bounty for $1k posted 5 days ago and no one taking up on it. J. Powell going brrrr, and VenomDAO has the $$$$. Let’s use it.
Hoping to get the conversation started on using treasury for outsourcing and to help alleviate @0xViper 's bandwidth.
Background: Was flipping through Harmony’s bounty and thought it would be cool if we could utilize this in the future.
Edited a couple of times to fix grammar and add clarity.