I would like to apply for a FUSE token Grant to:
Develop and deploy smart contracts to be the basis of a DeFi protocol designed to make staked FUSE tokens liquid, effectively enabling participants to utilize staked FUSE as liquidity across DeFi protocols, lending, and other third party dapps within the Fuse ecosystem.
In my opinion, there’s a lack of DeFi protocols for users on the Fuse Network. I personally have a deep interest in DeFi across multiple blockchains. One important issue is liquidity. Currently staking FUSE and securing the network is certainly one of the main utility usages right now. My plan is to create the building blocks that enable greater DeFi opportunities.
The first step I see in doing this is creating a protocol that essentially frees up staked FUSE so that it becomes available liquidity with the intended goal of being utilized across DeFi, lending, and third party dapps in the Fuse ecosystem. I believe that this would help empower the network.
Ideally, this would generate opportunities for users, provide increased liquidity for developers and users across the network, and enhance the Fuse token utility.
Some key objectives of this grant is to:
—Create a DeFi protocol to increase token utility
—Enable liquid staking through smart contracts
—Boost available liquidity for DeFi and other protocols within the ecosystem
—Designed in anticipation for staking locks of FUSE tokens in the future
—deployed smart contracts of the protocol on the Fuse network
—design and launch a user-friendly frontend website that’s simple and intuitive to use. Support for Metamask wallet to interact with the protocol contracts
20,000 FUSE to build the DeFi protocol
—Develop the smart contracts of the protocol
—Create the frontend UI website to interact with the protocol
Jay Zenlo (2+ years in smart contract development solidity and frontend development React framework.)