IoTex Grant application

[kairis-1]

RFP Proposal: FilDA
RFP Category: Money Market (DeFi)
Name of Project: FilDA
Link to RFP: https://www.filda.io/
Proposer: Chris

Do you agree to open source all work you do on behalf of this RFP and dual-license under MIT and APACHE2 licenses?: Yes

Project Description

FilDA in brief:
A decentralized money market with DAO governance
Peak TVL $2.1 billion on HECO.
$20 million USD interest accrued on savings deposits in 10 months.

Roadmap

First of all, Filda will deploy a lending protocol on IoTeX. Community members can leverage their assets with FilDA to long or short the market, amongst other strategies. Furthermore, more liquidity will come to the IoTeX ecosystem.

Secondly, FilDA will expand the asset class to include synthetic assets such as UNI V2. In addition, we will support credit lending, providing unsecured lending for secure agreements, thereby improving capital efficiency. The first instance added could be leveraged farming.

In the future, FilDA would also like to explore the NFT+DeFi scenario. DeFi is the catalyst that can push NFT to expand its boundaries, alongside the excitement that NFT is currently generating in the crypto space. Lending markets may be the missing ingredient in the NFT ecosystem. A mature NFT ecosystem needs to establish a market where people can either use NFT to obtain loans or lease their NFT for a profit. To this end, FilDA 2.0 may explore how to provide liquidity to high-quality assets in the growing NFT market.

Security is always the primary priority for us. FilDA uses time locking and multi-signature mechanisms, cooperates with third-party independent developers, works alongside white hats and security companies reviewing code together (inc. Slowmist, PeckShield, Certik, FairyProof, Knownsec).

Total Budget Requested
100,000 USDT for improving products and implementing a marketing campaign to attract more users to lend or borrow on FilDA@IoTex.

Milestone 1: 50,000 USDT
Announcement of the cooperation between FilDA and IoTeX, and FilDA completing community voting on the IoTeX-deployment proposal. An audit report by tier 1 security auditors will be provided before launch.

Milestone 2: 50,000 USDT
FilDA successfully launches on IoTeX and TVL reaches 5 million USDT.
IoTeX provides 50,000 USDT support for future operation.

Team Contact Info: [email protected]

Team Members
Ashton Chen/ Song Sjun/ Soong Bao/ Austion Chao
Relevant Experience
Ashton is an experienced blockchain expert. As a core developer of a well-known Oracle, he built the core component of this project. Song Sjun has more than 10 years of experience in operating system development. He's also a serial entrepreneur who developed a popular crypto wallet. Soong has 10 years experience in product design and investment. Austin Chao is a professional in the blockchain market and ecosystem.

Team code repositories
https://github.com/fildaio/FilDA
https://docs.filda.io/zhong-wen/shen-ji-audit
https://docs.filda.io/

Additional Information
The grant will be used for IoTex ecology marketing, encouraging users to increase capital efficiency with FilDA products.

[clairebiasco]

Hi there! We are officially moving all Halo Grant proposals to our new community forum page and will no longer be accepting proposals on GitHub. Please submit your proposal to the community page here according to the provided template: https://community.iotex.io/c/halo-grants/61

Thank you!