Detailed Plan
The solution to the manual DCAing issue, is an automatic DCAing approach, via a DApp in which you can configure what projects you want to invest in, how much, how often (random/specific days, hours, dates…), how often do you want to withdraw (with minimal fees), if (and where) you want to stake your tokens in between withdrawals, etc …
So in order to build such tool, here is the Roadmap :
0 - Hire a Cardano SmartContract Developper, or join a course to become one
1 - Build a SmartContract on Cardano that accepts funds and parameters for each SC user
2 - The user picks a detailed set of params (what to buy, how much, when, where to stake if stakeable, withdraw period, withdraw adress, etc…)
3 - Deploy the SC on testnet, validate, then deploy on mainnet
4 - The SC earns fees in % (TBD…)
I will be working on the project alone (if i go through a Sardano Smart Contract Developper course) or with another Cardano Smart Contract Developper if i were to hire one, as stated in the details above.
My linkedin and github profiles are attached to the file.
Roadmap with Key mile stones and dates :
0 - Start ==> Hire a Cardano SC Dev, or go through a course and become one myself
1 - Month 1 ==> Deploy an MVP on testnet : Simple DCA, without staking and without multiple options for withdrawal and DCA (frequency and specific or random periods …)
2 - Month 3 ==> Deploy an advanced version with more DCAing options, withdrawal options, staking options on testnet, and ship the MVP to the mainnet
3 - Month 4 ==> Ship the final product on mainnet
An expected launch date would be during March 21st 2022
A definition of success :
- 3 months after launch : Having 100 users
- 6 months after launch : Having 500 users
- 9 months after launch : Having 1000 users and becoming among the top 10 most daily used SCs (DEXes aside)
KPIs would consist of commits, user story advancements, velocity, burn down charts etc, but i honestly don’t have a lot of experience doing these.
Budget (open for discussion) :
8K$ for the developper’s work (or to pay for the course and my own commitment to the project as a dev)
5K$ for bug bounties, audits, certifications, verifications etc …
2K$ for advertisement
Our solution not only enriches the ecosystem and this challenge, but it also completes it by adding more valuable, decentralized and much needed features.