Please describe your proposed solution.
2 Billion current Seniors, globally. UN studies indicate a doubling of this demographic within 10 years. C4S is focused on propelling Cardano to be the ecosystem for this huge niche market through education and Risk Management. With the overwhelming community support in F8 and vote tally we now have an internal team mandate to form as a DAO and become self-sustaining. We are actively seeking additional team members to grow our DAO.
This proposal and several other f9 proposal are focused on Community development of C4S and in becoming a self-sustaining DAO. The formation of a Single Stakepool targeting the 4 billion niche Senior market is one big step towards helping with Cardano Decentralization, propelling Cardano to the forefront of this Silver Tsunami, creating our DAO and an ISPO for liquidity of the DaO.
With the formation of the C4S Stakepool the DAO will begin its journey towards self-funding and self-sustainability. The Stakepool will be stage 1 to our journey to a ISPO.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
“<u>Prepare a group of people willing and able to make contributions to the ecosystem</u>”is one of the four Strategic goals of Catalyst Fund 9. C4S is building a Community Platform to directly address this and other strategic goals.
This Proposal in phase 1 & 2 also, directly addresses a number of the major Challenge statements in this specific category including :
a) Defi- Total Value locked. As a new Stakepool C4S will increase the number of users, in a previously overlooked niche market. It will increase the number of active daily/weekly/monthly/ users as we develop and grow our Senior Community. Also the SP will increase the TVL.
In phase 2 we will also introduce:
b)Physical products - Cardano4Seniors will tokenize a new native asset for the ISPO
c) Nation Governance System - we will onboard a large number of new users through our targeted Senior Pool.
d) there are several other minor areas per the Challenge brief that our proposal addresses.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
The number 1 Risk to creating and operating the Stakepool is not finding the correct technical talent.
Mitigation: a) we will seek additional DAO team members with relevant experience, b) we have held talks with other SPOs to run a for Service operation, c) exploration of Genius X and Maestro during Consensus 2022 was started by attending team members. Tommy, attended IOGs Hackathon and was updated by their team. A decision on which path to take will be made during team meetings and further due diligence.
The second Risk to successfully operating the Stakepool is failure to attract sufficient liquidity to achieve a solid ROI.
Mitigation: The team has sufficient $ADA to start the pool and run it for a term even if it is not profitable. The DAO formation and ISPO should bring sufficient liquidity to boost our SP fund, if we do not properly market and attract sufficient liquidity from our targeted multi billion Senior market.
The third Risk is identical to all SPO and that is properly running, maintaining, upgrading and generally maintaining operations.
Mitigation: This is entwined with our mitigation from item 1. We need to set up a professional and redundant operation.