Summary: This proposal seeks to enhance the lending capabilities and appeal of BendDAO by integrating three new NFT collections: Cryptopunks V1 Wrapped, Chromy Squiggle, and Autoglyphs. By adding these collections, BendDAO aims to increase lending pressure and attract a broader audience of borrowers and lenders. We will add in the V1 and V2 version of bendDAO Background: BendDAO has consistently strived to create a comprehensive and dynamic decentralized lending platform. The addition of new collections such as Cryptopunks V1 Wrapped, Chromy Squiggle, and Autoglyphs is a strategic move to diversify and strengthen our asset portfolio. These collections have demonstrated substantial interest and trading volume within the NFT market, making them ideal candidates for integration into our ecosystem. Mission & Values Alignment: This proposal aligns with BendDAO’s mission to establish itself as a leading decentralized lending platform by promoting inclusivity and diversity in asset offerings. By incorporating these new collections, BendDAO reinforces its commitment to innovation, growth, and responding to the evolving interests of its community. Scope of Work:
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Smart Contract Configuration: Configure the BendDAO smart contracts to accommodate the new NFT collections. If all three collections are approved, they will be added with an initial lower Loan-to-Value (LTV) ratio of 50%, Liquidation 75%, which can be adjusted based on performance and community feedback. Additionally the dev team will implement a max% of NFT’s that can be used from an specific collection. ex: 5% , this feature is not urgent and will be put on the backlog for implementation when a dev is available.
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Marketing Campaign: Launch a targeted marketing campaign to build anticipation and educate the existing and new communities about the integration of these collections.
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Deployment and Monitoring: Deploy the smart contracts configurations and monitor the integration process closely. Provide ongoing support and collect user feedback to ensure a seamless experience and facilitate continuous improvement.
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Impact Analysis: Regularly analyze the impact of the new collections on lending pressure and make strategic adjustments as needed to optimize platform growth and enhance user satisfaction.
Next Steps:
- Submit the proposal for approval by the BendDAO governance.
- Upon approval, initiate the smart contract configurations for the selected collections.
- Execute the marketing campaign to promote awareness and engagement.
- Deploy the updates and closely monitor their performance.
- Gather and analyze user feedback to refine strategies and improve the platform.
Financial Implications: The integration of new collections will incur costs related to smart contract configuration, oracle gas costs, and marketing initiatives. These expenses can be covered by BendDAO’s operational budget…
- Add only Cryptopunks V1 Wrapped
- Add only Chromy Squiggle
- Add only Autoglyphs
- What the hell, just add them all 3
- We don’t need to add more collections, reject this proposal
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