Title: Bankless Loans Season 3 Budget Proposal Authors: Katarina & LiveTheLifeTV & Birdman Date Created: 15/12/2021 Date Posted: 16/12/2021

(Submit here: https://forum.bankless.community/c/proposals/season-3-project-proposals/13) ( Then submit in form: https://tally.so/r/woleXn)

SUMMARY

In Season 1, we started building the Bankless Loans App, our BanklessDAO frontend for Liquity, an interest-free loan protocol. We continued the coding work during Season 2 and are now testing on Rinkeby Testnet, but there is still some bug fixing and styling work to be done. During Season 2 we decided to improve the UI/UX and add some extra features. There is a clear idea of the work still needed, the only issue could be the available dev and designer time.

We still have 292000 BANK left from the Season 2 Grant, of which we still need to pay the work of the last month. This will not be enough to finish the work planned for Season 3. Besides the coding work left, we will need budget to create some educational content and do marketing, using the AV and marketing guild of BDAO, once the App is ready.

BDAO will earn LQTY rewards generated by our 'Bankless Loans' App.

SUMMARY OF ACTIVITIES IN SEASON 2

• Birdman completed 75+ components/files with all promised functionality for opening a trove, add Eth as collateral, borrow LUSD, adjusting trove collateral and redeeming a trove. Additionally, Birdman added all Liquity Platform statistics using the Liquity SDK.
• We had a design meeting with FLOC to improve the UI/UX, based on the user-stories Birdman created, but decided not to work with them for now as that would delay the shipping of our Bankless Loans App and add too much to the needed budget.
• OverAchiever joined the team as a designer to work on the original figma files and give them a more BDAO look.
• We decided to code the most important features only, so the UI/UX is simple and clear (Uniswap Style) for the users.
• Abstrucked researched the option of adding notifications for the users when they become at risk with epns.io to give our users a better level of protection. There is a meeting planned with the EPNS team.
• Opening a Trove Loan, adding collateral and repaying the Trove have all been deployed and tested in a Vercel link (Preview environment) on Rinkeby Testnet.

SEASON 3 PLANS AND GOALS

• The first functionalities are coded but there is still some styling work needed
• Next features to code are Stake in Stability Pool and stake LQTY to earn LUSD.
• More testing and bug fixing will be needed.
• Deciding on a domain for the App together with DevOps. We would prefer it to be a decentralised domain.
• We are looking into the option to allow users to earn BANK along with LQTY when staking LUSD in the Bankless Loans App. The Liquity team has said that a new smart-contract would be required on top of the Liquity protocol but they like the idea. We are also in contact with Liquity along with the BDAO Tokenomics team regarding the potential to hold LUSD as a BDAO treasury asset. Other well-known DAOs are already holding LUSD as a treasury asset. BDAO holding and staking LUSD would provide reassurance to Bankless Loans users.
• Research for DSProxy Smart Wallet Integration using Defi Saver or Instadapp SDK
• Work on education of the users with the help of the AV Guild.