A Permissionless, No-code needed Staking App for Native Asset Farming Pools & Rewards

[GENERAL] Name and surname of main applicant

Clint Alexander

[GENERAL] Email address of main applicant

calexander@tangent.art

Additional applicants

Ben Gordon

Marjan Khodadad Zadeh

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

6

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” .

No dependencies

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

Project will be fully open source

[METADATA] Category of Proposal

DeFi

[METADATA] SDG rating

SDG 9: Industry, Innovation, and Infrastructure

• Sub-goal 9.1: Develop quality, reliable, sustainable, and resilient infrastructure.
• Sub-goal 9.2: Promote inclusive and sustainable industrialization.
• Sub-goal 9.5: Enhance scientific research and upgrade technological capabilities.

SDG 10: Reduced Inequalities

• Sub-goal 10.2: Empower and promote the social, economic and political inclusion of all.
• Sub-goal 10.3: Ensure equal opportunity and reduce inequalities of outcome.

SDG 12: Responsible Consumption and Production

• Sub-goal 12.2: Achieve sustainable management and efficient use of natural resources.
• Sub-goal 12.8: Ensure that people everywhere have the relevant information and awareness for sustainable development and lifestyles.

SDG 16: Peace, Justice, and Strong Institutions

• Sub-goal 16.6: Develop effective, accountable and transparent institutions.

SDG 17: Partnerships for the Goals

• Sub-goal 17.16: Enhance the global partnership for sustainable development.

These SDGs and sub-goals are aligned with the proposal's objectives of promoting sustainable practices, inclusion, accessibility and community empowerment within the Cardano ecosystem. The proposal contributes to creating resilient infrastructure, reducing inequalities, fostering responsible consumption and production and enhancing partnerships for sustainable development.

key performance indicators (KPIs) for monitoring progress towards the SDGs could include:

• Number of staking pools created on the platform.
• Number of participants engaged in staking activities.
• Reduction in barriers to entry for diverse stakeholders.
• Total value locked (TVL); the volume amount of Native assets staked.
• The variety of Native Assets staked (LP tokens, NFTs, Project Tokens, Meme tokens, etc) and by which organizations (NFT projects, Token Projects, DeFi projects, Meme projects etc).
• Level of community engagement and collaboration.
• Increase in awareness and understanding of sustainable development principles within the Cardano community and the fostering of a healthy and vibrant DeFi ecosystem.

[IMPACT] Please describe your proposed solution.

The proposed solution is a no-code, no-setup fee platform that enables even non-experts in the Cardano community to create DeFi farming pools that support Native Assets staking with the click of a button. Our platform will leverage Cardano's unique architecture to provide a non-custodial service that minimizes centralization and risk. This solution addresses the lack of a permissionless staking platform on Cardano in a safe and sustainable manner and aims to promote inclusivity, accessibility, and community engagement within the DeFi ecosystem. Our solution will have a positive impact on the community because it is a service that can be utilized by a diverse range of community stakeholders and members. For example NFT Projects, Fungible Token Projects, Liquidity Pool Providers, cryptocurrency project owners and community members can all benefit and utilize the tool.

The problem at hand is the absence of a platform that allows individuals and token projects to easily create staking pools without technical expertise or upfront fees. This hinders broader participation in staking activities and limits the potential for decentralized finance (DeFi) growth on Cardano.

To tackle this problem, the proposed solution takes a no-code approach, removing the need for programming skills and lowering the barriers to entry. Experts and Decentralized Exchanges (DEX) will no longer be the gate keepers deciding which projects can or cannot create their own Native Asset Staking Pools. By offering a user-friendly platform, it empowers a wider range of individuals, including those without technical backgrounds, to participate in staking and contribute to the health and liquidity of the Cardano DeFi ecosystem.

The solution engages various stakeholders within the Cardano community. For example it allows project owners, developers, token holders, liquidity providers, NFT creators, etc to effortlessly create staking pools to the benefit of their communities and users who will be able to easily participate in staking activities and earn rewards. Our proposed solution encourages collaboration, knowledge-sharing and community-driven improvements, fostering a sense of ownership and collective impact.

What sets this solution apart is its focus on simplicity, accessibility via the permissionless creation of staking pools. It streamlines the staking process and enables the Cardano community to actively participate without unnecessary technical barriers or costs. By lowering the entry barriers, our solution aims to attract a wider range of projects, users and investments, leading to increased adoption of the Cardano blockchain and the utilization of ADA within the cryptocurrency DeFi ecosystem.

The beneficiaries of this solution include project owners, individual token holders, liquidity providers, NFT creators, and any projects seeking staking opportunities, and the Cardano ecosystem as a whole. Individual token holders can stake their assets and earn rewards, liquidity providers can participate in yield farming activities, NFT creators can leverage staking to incentivize engagement, and projects can benefit from increased liquidity and user engagement.

This solution is important for Cardano because it aligns with the principles of decentralization, inclusivity and community empowerment. By providing a platform that democratizes staking and removes unnecessary barriers, it encourages active participation, enhances the vibrancy of the Cardano ecosystem and strengthens the overall value proposition of the network. It promotes sustainable growth, fosters innovation, and positions Cardano as a leading platform for decentralized finance.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

The proposed solution directly addresses the challenge of the lack of a staking platform on Cardano that supports the permissionless creation of staking pools for tokens. By providing a no-code, no-setup fee platform, the solution enables the Cardano community to easily create farming pools supporting Native Assets (such as NFTs, Liquidity Pool Tokens, and Fungible Tokens) staking with the click of a button.

The aims addressed by the proposal include:

1. Promoting Inclusivity: The solution lowers the barriers to entry for individuals and projects, allowing a wider range of participants to engage in staking activities. It promotes inclusivity by enabling users without technical expertise or significant upfront fees to create and participate in staking pools.
2. Enhancing Participation: The solution encourages active participation within the Cardano ecosystem. It enables Cardano based Native Asset Projects to easily create farming pools so that token holders, liquidity providers, and NFT creators can actively stake their assets, earn rewards, and contribute to the liquidity and growth of the ecosystem.
3. Fostering Decentralization: The permissionless creation of staking pools aligns with the principles of decentralization. It empowers individuals and projects to independently create and participate in staking pools without requiring prior approval or intervention from centralized entities. This fosters a more decentralized and community-driven ecosystem.

The impact of the project on the Cardano ecosystem goes beyond funding creation of a useful DeFi protocol. It brings several benefits, including:

1. Increased Adoption: The user-friendly and accessible platform is expected to attract new users to the Cardano ecosystem. It provides an entry point for individuals and projects interested in staking activities but may have been deterred by technical complexities or high setup costs.
2. Liquidity and Participation: The creation of farming pools supports the growth of liquidity and active participation within the Cardano ecosystem. This increased liquidity facilitates trading, DeFi activities, and the overall vibrancy of the ecosystem.
3. Community Engagement: The solution encourages community engagement and collaboration. It empowers the Cardano community to actively contribute to the growth and development of the ecosystem by creating staking pools, sharing knowledge, and driving improvements to the platform.

Quantifying the impact of the project in terms of users, transactions, or usage within a specific timeframe can be monitored simply via the metric of Total Value Locked (TVL) measured in ADA. TVL is a record of the amount of assets being staked in the app at any given time frame. Monitoring whether this is increasing or decreasing will show how popular the staking solution is in real time. Other possible indicators for quantifying impact would be new user adoption rates (new wallet creation, number of wallets that interact with the staking app, etc) and on chain activity (number of transactions associated with the app). Both these metrics can be easily monitored via DeFi existing tools such as DeFiLlama and in fact we have already taken steps to integrate the Tangent MVP Staking App with DeFiLlama for this very purpose. Another quantifiable measurement for the project's impact would be measured by the number of staking pools created (however this may not be reliable as it does not measure the quality of the pools created; are they fake/spam tokens? This is an daily issue on Minswap and Taptools at this moment). Other measurement methods include engagement from users and projects, and the overall growth in staked assets and liquidity within the Cardano ecosystem.

It is important to approach impact quantification in a multifaceted manner consider the organic growth of the ecosystem, user adoption trends, and DeFi market dynamics. The value the proposal brings to the Cardano ecosystem lies in its ability to democratize staking, enhance participation and contribute to the overall strength and vibrancy of the Native Asset ecosystem.

[IMPACT] How do you intend to measure the success of your project?

Measuring the success of the project involves assessing the benefits it brings to the Cardano ecosystem. While it may be challenging to provide precise measurements, both quantitative and qualitative metrics can be used to evaluate the impact. Here are some potential measures and benefits:

1.Adoption and Engagement:

• Measure the number of staking pools created on the platform (drawback; does not account for spam tokens & pools).
• Monitor the growth in the number of participants engaged in staking activities (via DeFiLlama).
• Assess the level of community engagement, such as active discussions, contributions, and collaborations related to the project.
• Collect user feedback and opinions to gauge satisfaction and overall experience.

2.Liquidity and Market Impact:

• Monitor the volume of assets staked within the created pools (TVL).
• Observe the growth in liquidity within the Cardano ecosystem.
• Assess the impact on trading volumes, market depth, and overall market activity in Cardano-based tokens and assets.
• Observe the growth in the number of assets available for staking, including NFTs and native tokens.

3.Ecosystem Growth and Development:

• Measure the number of projects leveraging the staking pools to incentivize participation, liquidity provision, and engagement.
• Assess the growth of the Cardano DeFi ecosystem in terms of the number and variety of projects utilizing the platform (is it only popular with DeFi projects or with NFT projects as well).
• Monitor the number of new users attracted to the Cardano ecosystem as a result of the accessible staking opportunities.
• Collect testimonials or qualitative feedback from users, projects, and community members to understand their perception of the project's impact on ecosystem productivity and growth.

In the short term, the project is expected to drive immediate benefits by providing a user-friendly platform for creating staking pools, attracting new participants and increasing liquidity within the Cardano Native Asset ecosystem. The accessibility and ease of use will encourage rapid adoption and engagement.

In the long term, the project can have a lasting impact on Cardano's productivity and growth by fostering a vibrant DeFi ecosystem. The availability of staking pools will contribute to the liquidity and stability of the network. Increased participation from users and projects will drive innovation, attract investments and expand the range of services built on Cardano. This, in turn, can enhance Cardano's overall productivity, market position and long-term sustainability.

While some metrics can be measured quantitatively, such as the number of staking pools or the volume of assets staked, it is also important to consider qualitative feedback and opinions from users and stakeholders. User satisfaction, community engagement and testimonials can provide valuable insights into the perceived benefits and overall impact of the project.

By employing a combination of quantitative and qualitative measurements, the proposal team can gain a comprehensive understanding of the project's success and its contribution to the productivity, growth and reputation of Cardano.

[IMPACT] Please describe your plans to share the outputs and results of your project?

To share the outputs and results of the project, the following plans can be implemented:

1. Documentation and Publication: Prepare comprehensive documentation, including installation guides, user manuals and best practices. Publish these resources on the project website, open-source repositories (Github), and relevant platforms (Gitbook, Medium, Cardano Forum). This ensures that the outputs are easily accessible to the Cardano community and beyond.
2. Online Channels and Social Media: Utilize online channels, such as social media platforms, forums, and community groups (Discord, Telegram, Youtube, Twitter), to share project updates, announcements, and milestones. Engage with the Cardano community through regular posts, discussions, and Q&A sessions to foster awareness and gather feedback.
3. Collaboration and Partnerships: Forge collaborations and partnerships with other projects, community members, and stakeholders within the Cardano ecosystem. Share the outputs and opportunities that arise from the completed project to encourage joint initiatives, integrations, and collective growth.
4. Conference and Event Participation: Present the project's outputs, impact, and opportunities at relevant conferences, meetups and industry events. Engage with the broader blockchain and cryptocurrency community to showcase the innovation and gather insights from other experts in the field.
5. Research and Academic Channels: Publish research papers, articles, or case studies related to the project's findings, impact and potential future developments. Share the results with academic institutions, research communities and industry experts to contribute to the broader knowledge base and stimulate further research and development activities.

By sharing the outputs and results of the project through these various channels, the project team can disseminate knowledge, create awareness and foster collaboration within the Cardano ecosystem and the broader blockchain community.

The results generated from the project can be utilized in further research and development activities in the following ways:

1. Iterative Improvements: Apply the insights gained from user feedback, community engagement and monitoring the impact of the project to make iterative improvements to the platform. Continuously enhance the user experience, address any issues or limitations and implement new features based on user needs and evolving industry trends.
2. Promise to be Opensource: Make the code (front end and back end) both opensource and available freely on GitHub so that other developers may come and fork the code to improve or modify as they see fit.
3. Ecosystem Development: Collaborate with other projects and stakeholders to explore integration opportunities and contribute to the development of the Cardano ecosystem. Share the project's findings, lessons learned and best practices with other developers, projects and entrepreneurs to foster innovation and drive the growth of the ecosystem.
4. Knowledge Sharing and Education: Utilize the results generated from the project to develop educational resources, tutorials and workshops that can benefit newcomers to the Cardano ecosystem. Disseminate the knowledge gained to empower individuals and organizations in understanding and utilizing the project's outputs effectively.

By leveraging the project's results in further research and development activities, the team can contribute to the ongoing evolution and advancement of the Cardano ecosystem while fostering a culture of continuous learning and innovation.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

We have already successfully deployed a staking app on Cardano mainnet that supports staking for the following assets: NFTs, Liquidity Pool Tokens (from any DEX; minswap, sundeaswap, musileswap, etc) and Fungible tokens (single sided staking):

Mainnet:

https://app.tangent.art

Preprod testnet:

https://testnet.tangent.art

This app is very popular and currently has over 500,000 ADA total value locked and 1000s of users who are very satisfied with the project. However currently it is not permissionless and requires active support from our dev team to setup a staking pool. The app is already being utilized by other developers from within the Cardano ecosystem (ElevatorsLabs with their $ELV staking pool) and the feedback is positive. Matrics such as Pool Start Date, Pool End Date, rewardPerEpoch, cap on number of stakers, cap on staking amount, etc can all by customized according to the requirements for each individual project.

We also have a proven track record, previously funded in F9 (eth2ada.com) and closed out this proposal successfully. The past work created in both these examples above proves we have a track record of delivering projects with trust and accountability.

Our capability to maintain these standards is grounded in our experience as a team, full time 9 strong, transparent communication - be it in Town Hall breakouts of elsewhere, community engagement - 5k + active community, adherence to timelines and commitment to continuous improvement. We want to stress that we are a full time team with commitments to build on Cardano.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

The main goals for the project are as follows:

Goal #1:

Develop a user-friendly, no-coding required to use, solution to the technical problem of creating DeFi farming pools that support Native Asset staking on Cardano.

Validation:

• User Testing: Conduct usability testing with a diverse group of users to ensure the platform's ease of use, intuitive interface and accessibility for non-technical individuals.
• Feedback Analysis: Gather user feedback and opinions to assess their satisfaction with the platform and identify areas for improvement.
• Adoption Rate: Measure the number of users actively creating farming pools and engaging in staking activities through the platform to validate its appeal and adoption.

Goal #2:

Enable the permissionless creation of staking pools by providing easy to read documentation and GUI where simple drop down menus and input fields can be used by non-technical users to create fully customizable staking pools without help from a third-party.

Validation:

• Community Participation: Monitor the level of engagement, active discussions and collaborations among community members facilitated by the platform.
• Create bug / feedback channel in discord for potential users to reach out for help and share any issues they encounter
• Stakeholder Feedback: Gather feedback and opinions from community members, token holders, and projects on their experience with the platform and the impact it has on their community participation within the Cardano ecosystem.

Goal #3:

Increase liquidity (TVL) and on-chain activity within the Cardano DeFi and Native Asset ecosystem through the availability of our new robust staking pool creation tool.

Validation:

• Measure Amount of Assets Staked (TVL): Track the amount of assets (measured in ADA) staked within the created farming pools to assess the liquidity provided and its impact on market activity.
• Market Impact: Monitor the trading volumes, depth, and on-chain transaction activity of Native Assets that use the solution via independent third-party monitoring services such as DeFiLlama.

Goal #4:

Promote decentralization and inclusivity in staking activities on Cardano by removing technical barriers and upfront fees.

Validation:

• Accessibility Metrics: Measure the number of users without technical expertise who successfully create farming pools on the platform to validate its accessibility.
• Participation from Diverse Stakeholders: Monitor the participation of token holders, liquidity providers, and NFT creators within the staking pools to ensure inclusivity and diversity of stakeholders engaged.

Goal #5:

Provide a true non-custodial staking solution so that no third party or centralized authority (i.e. the project team, pool creator, smart contract, etc) is in custody of assets staked, therefore removing one potential vector of attack and ensuring that users will always keep custody of their own assets (even when staked! and of course their own private keys).

Validation:

• Private Keys: Staking Pool creators and users who stake assets are always in possession of their own private keys and these are never shared.
• Self Custody: Assets never leave a users wallet but instead the script that promises such assets to staking pool is engaged and then broken when that asset is moved or sold.

The goals of the project involve both quantitative and qualitative measurements. While some goals can be quantified, such as the adoption rate or volume of assets staked, others, such as user experience and community engagement, may require qualitative analysis through feedback, surveys, and discussions. A combination of user feedback, adoption rates, community engagement and market activity will be used to evaluate the project's success in achieving its goals.

Regarding the technical implementation, the project can leverage no-code development platforms, smart contract frameworks, and Cardano's blockchain infrastructure. The platform's architecture should ensure compatibility with the Cardano network, seamless integration with existing wallets, and robust security measures. The development process can follow an agile methodology, allowing for iterative improvements based on user feedback and evolving ecosystem requirements.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Milestone 1: Project Initiation and Planning (completed)

• Tasks: Conduct research on Cardano ecosystem and staking requirements.
• Define project goals, objectives and deliverables.
• Identify project team members and assign roles and responsibilities.
• Develop a project plan, timeline and budget.
• Submit the proposal to Catalyst Fund 10
• Timeline: 2 weeks
• Acceptance Criteria: Completed project plan, timeline, and budget. Clear understanding of project scope, goals and team assignments. Successful funding from Catalyst Fund 10.

Milestone 2: Platform Development and Testing

• Tasks: Design the user interface and user experience for the permissionless staking platform.
• Develop the no-code platform using suitable development tools and technologies.
• Implement smart contract functionalities for creating and managing staking pools.
• Conduct thorough testing of the platform for functionality, security and usability.
• Timeline: 8 weeks
• Acceptance Criteria: Developed and tested staking platform with an intuitive user interface, functional smart contract features and successful completion of testing scenarios.
• Projected Cost: for development, testing and quality assurance.

Milestone 3: Documentation and Launch Preparation

• Tasks: Prepare comprehensive documentation, including installation guides and user manuals.
• Develop video tutorials and guides for using the platform.
• Create promotional materials and website content.
• Prepare for the launch, including setting up hosting and deployment infrastructure.
• Timeline: 4 weeks
• Acceptance Criteria: Completed documentation, video tutorials and promotional materials. Readiness for the platform launch.
• Projected Cost: for documentation, content creation and launch preparations.

Milestone 4: Platform Launch and Community Engagement

• Tasks: Deploy the staking platform to a production environment.
• Open the platform to the Cardano community for creating staking pools.
• Engage with the community through social media, forums and events to promote the platform.
• Gather user feedback and monitor platform usage.
• Timeline: Ongoing (3-month period following the launch)
• Acceptance Criteria: Successful platform launch with community engagement, positive user feedback, and active usage of the platform.
• Projected Cost: for ongoing community engagement activities, marketing and user support.

The project will be implemented using an agile project management approach. It will involve regular communication and coordination among team members, utilizing collaboration tools and project management software. Sprints and iterations will be conducted to ensure continuous development, testing and improvement of the platform.

The project manager (Clint Alexander) will oversee the overall progress, monitor milestones and facilitate communication between team members and stakeholders.

By following this implementation plan, the project aims to achieve significant milestones that mark key stages of progress toward the overarching objective of providing a user-friendly and accessible staking platform for the Cardano ecosystem. The proposed timeline and projected costs provide a general outline, but more detailed budgeting and planning can be provided in subsequent questions or documents.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Project Initiation and Planning

• Deliverables: Completed project plan, including goals, objectives and scope.
• Defined roles and responsibilities for project team members.
• Clear understanding of the Cardano ecosystem and staking requirements.
• Outputs: Project plan document.
• Team assignments and responsibilities.
• Research findings and analysis.
• Intended Outcomes: A well-defined project scope and plan to guide the implementation.
• A cohesive project team with clearly defined roles.
• Comprehensive understanding of the Cardano ecosystem and staking requirements.

Milestone 2: Platform Development and Testing

• Deliverables: Developed staking platform with an intuitive user interface.
• Functional smart contract features for creating and managing staking pools.
• Thoroughly tested platform for functionality, security, and usability.
• Outputs: Deployable staking platform codebase.
• User interface designs and assets.
• Testing reports and documentation.
• Intended Outcomes: A fully functional and tested staking platform ready for deployment.
• An intuitive user interface that simplifies the process of creating and managing staking pools.
• High-quality codebase and comprehensive testing to ensure security and reliability.

Milestone 3: Documentation and Launch Preparation

• Deliverables: Comprehensive documentation, including installation guides and user manuals.
• Video tutorials and guides for using the platform.
• Promotional materials, website content, and hosting setup.
• Outputs: Documentation package (PDF or online documentation).
• Video tutorials and guides.
• Promotional materials and website content.
• Intended Outcomes: Clear and user-friendly documentation that guides users through platform usage and setup.
• Informative video tutorials that provide step-by-step instructions.
• Well-prepared promotional materials and website content for platform launch.

Milestone 4: Platform Launch and Community Engagement

• Deliverables: Deployed staking platform accessible to the Cardano community.
• Engaged community through social media, forums, and events.
• User feedback and usage metrics.
• Outputs: Live and accessible staking platform.
• Community engagement reports and metrics.
• User feedback and satisfaction reports.
• Intended Outcomes: Active usage of the staking platform by the Cardano community.
• Positive user feedback and engagement.
• Increased awareness and adoption of the platform within the Cardano ecosystem.

To track the project's progress, the following measures can be used:

1. Timelines: Track the completion of milestones and tasks within the defined timeline to ensure timely progress.
2. Deliverable Completion: Evaluate the completion of deliverables outlined for each milestone to assess progress and adherence to project objectives.
3. User Feedback: Gather user feedback and opinions at different stages of the project to understand satisfaction, usability, and improvement areas.
4. Community Engagement: Monitor community engagement through social media, forums and events to assess the level of interest and participation in the project.
5. Adoption and Usage Metrics: Measure the number of staking pools created, the volume of assets staked and the overall platform usage to gauge adoption and engagement within the Cardano ecosystem.

By tracking these measures, the project team can assess the progress, identify areas for improvement, and ensure that the project is on track to achieve its intended outcomes.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

Backend Developer 1 x 3 months (Internal & External) = 32,000 ADA

Full Stack Developer x 3 months (Internal & External) = 40,000 ADA

Third party Code Audits (External, CertiK) = 50,000 ADA

• Company: The CertiK Project
• https://www.certik.com/

Marketing = 27,000 ADA

• Press releases
• Promotional video creation
• Youtube video reviews

UI / UX Developer x 1 month (Internal & External) = 12,000 ADA

Team Expenses = 1,300 ADA

Total: 162,300 ADA

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The proposed no-code staking platform brings several benefits to the Cardano DeFi ecosystem, particularly in the areas of staking and liquidity provision:

1. Enhanced Participation: The platform incentivizes users to actively engage in staking and liquidity provision activities by offering rewards. This increased participation contributes to the overall health and vibrancy of the Cardano DeFi ecosystem. By providing an accessible and user-friendly platform, it empowers a wider range of individuals, including existing and future community members, to participate and contribute to the ecosystem's growth.
2. Increased Liquidity: Liquidity is crucial for the efficient functioning of decentralized financial systems. The staking platform facilitates liquidity provision by enabling users to create farming pools for assets such as NFTs, utility tokens, and fungible tokens. This in turn, enhances the liquidity available within the Cardano DeFi ecosystem, enabling smoother trading, reducing slippage and promoting a more vibrant market for native assets.
3. Ecosystem Expansion: The platform's tools and functionalities can be utilized by various stakeholders within the Cardano community. For example, NFT projects can create staking pools to incentivize holding and provide additional value to their NFT holders. Fungible token projects can leverage the platform to incentivize token holders to stake their tokens, ensuring a more engaged and committed community. This promotes the growth and sustainability of existing projects and encourages new projects to join and leverage the Cardano ecosystem.
4. Accessibility and Simplification: The no-code approach of the platform removes technical barriers and simplifies the process of creating staking pools and participating in liquidity provision. This accessibility attracts a broader audience, including individuals with limited technical expertise, who can now easily engage in staking and liquidity farming activities. By democratizing access to these activities, the platform fosters inclusivity and broadens the participation base within the Cardano DeFi ecosystem.
5. The absence of setup fees makes the platform more inclusive and reduces the financial burden for users interested in creating farming pools. This affordability enhances accessibility and encourages broader participation from projects of different sizes and budgets.
6. The permissionless nature of the platform aligns with the decentralized ethos of blockchain technology. Allowing individuals and projects to create staking pools without requiring prior approval or intervention fosters autonomy and empowers the Cardano community to actively contribute to the growth and development of the ecosystem.
7. Community Collaboration: The platform encourages collaboration and cooperation within the Cardano community. By providing a common platform for staking and liquidity provision, it facilitates partnerships and joint initiatives between projects and community members. This collaboration strengthens the ecosystem, encourages knowledge sharing and drives collective growth and innovation.

The specific features and functionalities of the platform, such as NFT staking, Liquidity Pool token staking, and Fungible Token staking, cater to a wide range of native assets and use cases within the Cardano ecosystem. This diversity provides opportunities for project owners, token holders, liquidity providers and NFT creators to participate in staking activities, earn rewards and contribute to the overall health and liquidity of the Cardano DeFi ecosystem.

Overall, the no-code staking platform contributes to a healthy Cardano DeFi ecosystem by incentivizing user engagement, enhancing liquidity provision and facilitating collaboration among community members. It empowers individuals, projects and creators to actively participate and contribute to the growth and success of the Cardano DeFi ecosystem, ultimately building a strong foundation for the future of decentralized finance on Cardano.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept