[IMPACT] Please describe your proposed solution.
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We will create a Token staking portal where project owners can easily configure staking rewards for their holders.
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Token holders will have an easy-to-use portal where they can visit and stake their NFTs/FTs to the associated projects, and claim their rewards.
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The solution will be based on an audited smart contract to handle the token locking/staking and a simple and convenient front end user-interface. User-centric design principles will be at the forefront to ensure ease-of-use.
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
The Dapps, Products & Integration challenge aims to increase the number of Dapps, increase the number of integrations, and improve the quality of existing Dapps and integrations in the ecosystem.
Our solution will introduce a new Staking Dapp to the ecosystem, this Dapp will integrate with multiple projects, and in doing so increase the quality of those projects by adding much-needed utility and rewards for end users.
[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
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Smart contract complexity - we have a good network of developers to draw upon, however, we have learned to provide a generous buffer for Haskell/Plutus development
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Mitigation strategies
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Networking and communication with established SC developers and team (such as MLabs)
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Auditing of smart contract code
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Scope creep brought on by early platform adopters
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Mitigation strategies
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Ensuring we have a clear definition of the problem and a clear definition of done upfront
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Regular / ongoing backlog and task refinement
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Resource / Team changes mid-development
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Mitigation strategies
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scrum framework - work is assigned to the team, not individuals. Personnel changes tend to be less problematic
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Healthy resource pipeline
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
Please see the attached roadmap summary for a high-level plan.
Main project phases will be as follows, however, we will be following agile scrum methodology for development to provide rapid iterations and will not exactly follow the timeline laid out below.
The estimated number of 1-week sprints to complete development is 15
High-level plan:
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Initial Planning:
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Wireframes of user interface
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Graphic / Visual design
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Solution architecture
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Infrastructure planning
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Smart contract development and testing
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Smart contract audit and remediation
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Off-chain component development and testing
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API to support web application
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Reward Calculations
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Transaction builders / workers
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Frontend web development of UI
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Staking dashboard
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Claim portal
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Wallet integration
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Project listing page
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Home page
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Admin components
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Smart contract (on-chain) deployment
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Off-chain infrastructure deployment
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Web Infrastructure deployment
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Testnet deployment and user feedback
[FEASIBILITY] Please provide a detailed budget breakdown.
Resources and approximate allocation using average hourly rates and considering the amount of time the following resources will spend on the project per week:
- Scrum Master
- Project Owner
- Design / UX Specialist
- Smart Contract Developer
- Lead Architect/Lead Developer
- Backend Developer
- Frontend Developer
Weekly Budget: $10,460
Estimated number of weeks: 15 weeks
[FEASIBILITY] Please provide details of the people who will work on the project.
MSVN Distributed Systems consists of the following full time individuals, as well as additional contractors whom we bring on as required to accelerate efforts
Michael Stewart - CTO
- 18+ years of software development and architecture experience.
- Member of the Cardano community since 2017
- Co-Founder of MSVN (Canucks Publishing, Voteaire.io, Canuckz NFTs)
- https://www.linkedin.com/in/codefly/
Vivek Nankissoor - CEO
- 15+ years of experience in database requirements, design, and development
- Established and grew web analytics, marketing automation, and QA practices
- Co-Founder of MSVN (Canucks Publishing, Voteaire.io, Canuckz NFTs)
- https://www.linkedin.com/in/viveknankissoor/
Darin Ramkissoon - Director of Operations
Anthony Ololuo - Scrum Master
Mateus Santos - Full Stack Developer / Plutus Developer
Bashar Jaan Khan - Full Stack Developer / Plutus Developer
Mamoor Jaan Khan - Front End Developer
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https://www.linkedin.com/in/mamoor-jaan-khan/
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
No, we plan to monetize portions of this solution to fund ongoing operations and maintenance of the platform. We do not currently see the need for future funding requests for this platform.
[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?
We will be tracking standard scrum metrics such as:
- team velocity
- story points completed
- burndowns
Pre Launch, our KPIs to measure interest will be:
- Number of projects expressing interest
Additionally, once we launch, our primary KPIs will be:
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Number of projects onboarded to the platform
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Number of end users (stakers)
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Total tokens staked
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Total rewards distributed
[AUDITABILITY] What does success for this project look like?
Project Owners will have a platform to feature their project and distribute rewards on, and will feel that they have fulfilled the communities desire for utility and rewards.
Token holders will have an easy reward claiming experience, and will feel like the projects they are engaging with are providing them value.
[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.
This is a new proposal
