This! There are many quality product ideas/proofs of concept/mvps out there that could expand their reach significantly with some serious, top-notch UX-UI efforts.
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This is great. Events DAO would be an amazing fund to spur on community / education projects… a funnel for anyone wanting to support those with less capital than a full sponsorship. Nice candidate for a non-profit legal model as well.
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Project Name
Komodo
Email
stefanionescu@protonmail.com
Live v1
https://komodo.now.sh/
Description
A rehypothecation mechanism where crypto lenders earn compound interest and the borrowers on the platform pay lower interest rates compared to Compound/Fulcrum/dYdX.
How it’s done
You lend a stable crypto + a volatile crypto and in the background:
- We lend the stable crypto on Compound/Fulcrum and get back position tokens
- We combine the position token + the volatile token in a CDP and issue a stablecoin
- Finally we lend the stablecoin again
Users & problem
Talked with 50+ fiat investors who want to progressively diversify into crypto but don’t like going through Coinbase to get crypto. Instead they invest in the real world and we use their investment positions to generate crypto and give them leverage. Right now v1 is just a mock functionality of how the system will work in production but v2 will have a proper lending/borrowing market and the CDP system to get leverage. v2 will go live in end of December/mid January.
Current progress
Watched 10 people going through the process of lending and borrowing and got feedback for next UI version. Almost finished infrastructure so I can start making the leverage system with volatile + stable coins.
Team
Only one person, previously worked in private credit markets and before that worked on private enclave computation and on a carbon credits system on Ethereum. Github: https://github.com/stefanionescu. Looking for technical teammates who built financial products in the past or know the Maker system inside-out.
I’m curious as to how you would onboard them. Are they making bank transfers via a web app?
I feel compelled to share some of my ideas regarding on-chain design software and a use-case for on-chain music streaming.
All of the dApp projects I’ve found involving music are based around filesharing/streaming and payments associated with these services. Artists upload their songs and get payed in tokens when someone streams or downloads their music. As far as I can tell there is nothing built yet that allows artists to produce music on-chain and then self-publish their work.
I’m imagining a dApptoken that allows users to leverage utility from an asset they posses (like a music production program or design software) whilst also retaining the ability to pass that asset on when they’re ready to relinquish ownership of the asset.
Additionally, for streaming services already established, it could be interesting to design an on-chain DJ program that uses the same dApptoken mechanism and allows DJs to stream music files directly from the blockchain and play/mix any producer’s music in real time at any party/event whilst also paying the producer directly.
Thoughts?
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Great idea Mark!
What you are describing sounds very similar to https://audius.co/, who have just recently launched their beta.
Check it out!
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UniswapDEX
UniswapDEX.com is a robust interface to interact with the UniSwap contract. Every ERC-20 token with a liquidity pool on UniSwap is listed on UniswapDEX. The interface provides all of the features you’d expect to see on a decentralized exchange.
We are currently asking for feedback to identify features that will differentiate UniswapDEX from other swap interfaces and increase usage. UniswapDEX is a great way to help new projects give their communities access to their tokens without having to invest in a centralized exchange’s listing fee’s.
One idea I have is to create a Dapp launchpad interface on UniswapDEX where new Dapps can create profiles detailing their application and users can swap for their tokens. What are your thoughts?
Thanks Tom! To me Audius looks like another music streaming service. Think about the difference between Spotify and Ableton Live. I’m suggesting building an on-chain Ableton Live.
Shower Thots:
Initial Twitter Offering (ITO) Dapp + Underwriter Service
I think there is a business to make here. The whole process of creating a token, creating an exchange on uniswap, adding liquidity, etc… could be a service and a few clicks. It requires a liquidity provider (in this case I’m providing liquidity for myself by putting up my own ETH on uniswap) and an underwriter to help identify and onboard valuable prospective twitter users. Eventually as an advertiser I’d want some sort of meaningful list of twitter influencer accounts that I could check off and then submit payment to a service that automatically 1) buys 1 tweet token from all of them on uniswap 2) send it to their wallet 3) notifies them with the tweet info. Probably best to start with crypto influencers because then they would market it themselves 
Sharknado: FOMO3D + Tornado.Cash
Make a wrapper contract around tornado cash that takes a little extra money and puts in a pool, then distributes dividends and via a lottery for the last one to do it (e.g. if no one does it for 1 hour, you win). This would give everyone a reason to go put their money through Tornado.cash RIGHT NOW in order to get in on this game and then TELL EVERYONE and have the nice positive benefit of enhancing privacy and awareness around privacy for everyone.
Monetization
Both of the above ideas could simply issue 100-10,000 claims tokens and start as purely crypto-native business, then sell some (or all) claims tokens to VENTURE DAO when launched. If the business is 100% owned by VENTURE DAO, though, then it would basically be a VENTURE DAO operation where funding comes from the members.
Cross-link to my tweet about this post:
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Here’s another idea:
A dApp that (like WordPress) allows users to build websites, but hosted on IPFS and ENS instead (i.e. decentralized and unstoppable). Apart from paid .eth domain names, the dApp could offer free website names (like WordPress does) by adding subdomains to the dApp’s main .eth domain. The dApp could make sure that every new website shows up in the Almonit search engine. And a mobile UI would be nice too.
It may not sound as exciting as other ideas, but I think it could attract and onboard a lot of non-crypto users, given a little marketing.
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Furthermore…
If people used their new websites on IPFS+ENS to upload personal photos and videos (i.e. like a Facebook profile), we’d only be one step away from creating a decentralized social media network. All that would be needed is giving users the ability to send/receive invitations to connect, and the ability to grant/deny access to their websites (could this be done with web3 browsers by using Ethereum public keys?). Users could also have public and private websites (i.e. public and private profiles).
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We already build something would do this. its over at https://pilot.dap.media/ . I’ve termed what it does as bi-constituency curation - something unique in the DAO space and crucial to prevent the primary attack vectors. (Portis and 3box did not exist when we started building this)
Idea 1: A collective email client / ie: Thunderbird (which is open source, so could be used)
Idea 2: linktr.ee but decentralized and free, and potentially with a search function | Hypothetical use - someone sees me on twitter rambling about crypto art, goes to (insert clever name).site and can search brucethegoose to find the page i’ve created with all my links
My great idea is inspired by PoolTogether. It tries to deepen the concept of a no looser lottery. In fact any fund deposited into this lottery automatically grows because every participant gets 50% of the gains made by his deposit paid directly to him while only 50% is pooled. I call it either SaveTogether or GetRichTogether, GRT. I am convinced that this format will encourage participants to put in higher amounts and keep those amounts in for longer. This way, even the pool naturally becomes bigger because although a lower percentage is being pooled, it is a percentage of a higher amount- the increased deposits I referred to earlier.
My big dApp idea is a network where people are able to donate for making use of goods and services as well as invest in form of donation. The basic principle behind the idea is that we’re all connected and we’re all related. Especially this part, the way we relate to each other might change radically towards the positive. Life can simply become so much easier and joyful when we’re able to do this, and we’re already doing this. The quality of human society, is already increasing a lot over the last couple of decades (although of course there’s also ugliness), and a donation economy will be a big part of this, I believe.
There’s a lot more around it, building networks and communities and offer the tools to do this, using what’s already available.
I’m specifically here looking for people to collaborate. You can find more info on the website; In our nature about this project and the background. It’s revolutionary in the social implications that it has and I believe it’s simply something many of us are ready for.
Just send me a message if you want to connect!
Ewoud
Hi Ewoud, I like your sentiment. For a year or so, I have been working with a co-founder on a dapp that would accept multiple exchange rates (free, cash, crypto, or barter). It is a collaborative social marketplace to help small businesses and individual creators live a sustainable life. Our focus of exchange is on individuals, community, and the planet. Imagine, a platform like Amazon that is more social like FB, but has strong values and gamification.
We imagine building some aspects on and off the blockchain. At the moment, I am researching how to create smart contracts that share “royalties” with multiple creators so that artists can collaborate and share craft. For example, a creator wants to assemble a BLM documentary with content from multiple cities. We can use smart contracts to set the criteria and use peer-to-peer validation.
Our goal with the platform is to multiple states of “flow” in persons therefore raising the conscious level of humanity. We recognize the more we give and receive freely, abundance multiplies.
I would love to connect with you and others!
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hi I have just posted a thread on the DAPP i am working on: www.alumna.eu
Alumna aims to propel the decentralisation of global education markets into the future through a fintech ecosystem using the digital economy.
Look forward to read the full thread.
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I am building a NFT based DAO to enable individuals who are enthusiastic about NFTs but unable to purchase them pool funds together to purchase the NFTs, then the NFTs is stored in a vault and fractionalized into shards and individuals who contributed to the purchase of the NFT get to receive shards in equivalent value to the amount they pooled in and the shards can be traded on Dexes, also the DAO would enable gamers who want to take part of the play to earn system of NFT games but don’t have the funds to, to borrow assets from the DAO through guilds.
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