Gamification of Liquidity Pools by Tavern Squad

[GENERAL] Name and surname of main applicant

Gian Luca Scheper

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Not Incorporated)

[GENERAL] Requested funds in ada

55000

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

5

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

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Incentivise project communities to provide liquidity through gamification.

[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?

No

[GENERAL] Please provide here more information on the open source status of your project outputs

As this should only act as a general concept, we do not plan to open source the outputs.

[SOLUTION] Please describe your proposed solution

We will develop a concept on how to gamify providing liquidity for a project utility token. Our concept will focus on integrating benefits to provide liquidity for our browser games utility token.  

• Develop an integration that allows the distribution of ingame rewards/benefits based on the share in the liquidity pool.
• Develop another integration that provides additional ingame rewards/benefits for staking the LP tokens.
• Drive interest in DeFi through gaming.
• Provide educational resources and guides to help understand the topic behind providing liquidity, its benefits, and risks.

This concept combines Gaming and Defi. Players will be introduced to the basics of DeFi while supporting a project they are part of. It's important to ensure that the benefits behind providing liquidity are big enough to attract players' attention while also ensuring the game stays balanced.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

• More community members will be introduced to DeFi
• Introduce an alternative to how to increase the LP of a project utility token
• Showcasing how gaming can be connected to Defi in a mainstream way

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Gian Luca Scheper and the Tavern Squad team, who have profound experience in blockchain gaming development, will deliver the project. The Tavern Squad team has already built the Beta version of their browser game, Ale & Axes, on the Cardano Blockchain. The team has a history of continuous building in the space.

Additionally, the Tavern Squad team has worked with multiple well-known projects in the space, supporting them with mints, custom blockchain applications, and gamification. 

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Update game design and create UI/UX design

• Acceptance criteria: The adapted Game and UI/UX designs are finished and ready for implementation 
• Evidence of Milestone Completion: Update report highlighting the adapted game design, including parts of the new UI/UX design in the form of pictures. 

Implement Integrations

• Acceptance criteria: The integrations have been implemented.
• Evidence of Milestone Completion: Technical documentation, demo in the form of videos.

Provide clear educational resources

• Acceptance criteria: Educational and onboarding guides/videos have been created.
• Evidence of Milestone Completion: Educational/Onboarding content has been published and can be accessed by the community ahead of launch.

Internal Testing

• Acceptance criteria: Our team tests the new implementations.
• Evidence of Milestone Completion: Public report and video showcase.

Launch & Marketing

• Acceptance criteria: The gamification of the LP pool is live and usable, and the marketing campaign has been launched
• Evidence of Milestone Completion: Visible marketing campaigns, integrations are usable, impact assessment report

Distribute first ingame rewards

• Acceptance criteria: The first ingame rewards have been distributed to players
• Evidence of Milestone Completion: Impact report, Proof of reward distribution

[RESOURCES] Who is in the project team and what are their roles?

Gian Luca Scheper founded the Tavern Squad team in late 2021; by now, the team consists of 8 people working on design, art, lore, voice acting, game design, and blockchain & game development. 

Luca (Founder and Designer), Patrik (Game Designer), and Tristan (Lead Developer) will be mainly involved in this specific project.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

• UI/UX Design: 10,000 ADA
• Game Design: 5,000 ADA
• Development and Implementation: 20,000 ADA
• Create Educational resources: 10,000 ADA
• Marketing: 10,000 ADA
• Total Budget: 55,000 ADA

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

This concept:

• will provide an alternative way for projects to increase liquidity for their utility tokens.
• make onboarding of new community members easier through less slippage in token trading.
• will encourage mainstream gamers to look into Defi and drive more attention to DeFi from the NFT community.
• will showcase how Blockchain gaming can seamlessly integrate DeFi into blockchain gaming.
• will bring some form of entertainment to DeFI