Please describe your proposed solution.
- We will create a Token staking portal where project owners can easily configure staking rewards for their holders.
- 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.
- 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.
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.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
- 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
- Mitigation strategies
- Networking and communication with established SC developers and team (such as MLabs)
- Auditing of smart contract code
- Scope creep brought on by early platform adopters
- Mitigation strategies
- Ensuring we have a clear definition of the problem and a clear definition of done upfront
- Regular / ongoing backlog and task refinement
- Resource / Team changes mid-development
- Mitigation strategies
- scrum framework - work is assigned to the team, not individuals. Personnel changes tend to be less problematic
- Healthy resource pipeline