Title: Bankless Loans Season 4 Budget Proposal
Authors: Katarina & Birdman
Date Created: 15/04/2022
Date Posted: 17/04/2022
(Submit here: https://forum.bankless.community/c/proposals/season-4-project-proposals/50 )
Then fill out the form before the 19th of April here: https://docs.google.com/forms/d/1yXJOX2e-W8vDZzLR4u4thmoxAF4O-bZiTEYRaSUMvO8/viewform?edit_requested=true
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 with already some testing on Rinkeby Testnet, but there was still some bug fixing and styling work to be done. During Season 2 we also decided to improve the UI/UX and add some extra features. We submitted a new proposal for Season 3 and last season we did exactly that. We onboarded IsraelRex, a new designer in BDAO, who assisted us with creating a whole new design. Birdman, our main dev, worked almost full-time to finish off the coding work and got help from CompositeFellow and Activate-glacier-instinct.
We are now almost finished with the MVP and Season 4 will be the launch of Bankless Loans, after some more fine-tuning, bug fixing, and testing.
BDAO will earn LQTY rewards generated by the 'Bankless Loans' App.
SUMMARY OF ACTIVITIES IN SEASON 3
- In Season 3 we especially worked on updating the design for Bankless Loans. IsrealRex worked on new Figma files and a more modern and BDAO look. He created a logo and added a homepage with footer for some links and instructions.
- Birdman continued the coding work on the Stability Pool functionality, LQTY Staking functionality and coding of the WalletConnect, Coinbase, and Metamask connectors. Security updates were done and the implementation of the new design in code. He got help from Activate-Glacier and CompositeFellow for finetuning and bug-fixing.
- Abstrucked did further research on adding notifications for the users when they become at risk with epns.io to give our users a better level of protection. This won’t be active for the MVP yet.
- The MVP is now almost ready, with still some testing and bug fixing to be done. The banklessloans.finance domain was transferred to Birdman by Pradhuma and Birdman started a new Vercel account to host the Dapp until it can be taken over by the DAO.
SEASON 4 PLANS AND GOALS
- The MVP functionalities are coded but there is still styling finetuning work needed.
- More testing and bug fixing needs to be done.
- We are still 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 to get this done. We want to launch the MVP in Season 4 first and then maybe move further with this on a later stage.
- Work on the education of the users and marketing.
- For support, we decided to work together with the Liquity Discord Server.
FINANCIAL IMPLICATIONS