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RFP Application<XSHARES SWAN Lending and decentralized collateralized borrowing> #28

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XShares123 opened this issue Dec 6, 2024 · 0 comments
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RFP Request for Proposal Wave2

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@XShares123
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RFP Proposal: XSHARES SWAN Lending and decentralized collateralized borrowing

Name of Project: XSHARES SWAN Lending and decentralized collateralized borrowing

Link to RFP: (https://github.com/swanchain/devgrants/blob/main/rfps%20/Swan_Token_Lending_Product.md)

RFP Category: Applications, Integrations

Proposer: GitHub Username: xshares123

Do you agree to open source all work you do on behalf of this RFP and dual-license under MIT and APACHE2 licenses?:
Yes

Project Description

The Swan Token Lending and Collateralized Borrowing Project addresses the need for liquidity and asset utilization within the Swan ecosystem. It provides computing providers with the ability to collateralize USDT to borrow Swan Tokens for staking and operational purposes, reducing the barriers to entry and ensuring access to essential resources. At the same time, it offers Swan Token holders opportunities to participate in lending through structured financial products, enabling them to earn stable returns while supporting the ecosystem’s growth.

The platform uses smart contracts to manage borrowing, lending, and liquidation processes securely and efficiently. Real-time monitoring through on-chain oracles ensures accurate valuation of collateral and risk management, with automated liquidation protecting the solvency of the loan pool. By focusing on collateralized borrowing and structured financial products, this project enhances Swan Token’s utility and fosters a sustainable ecosystem that benefits both borrowers and lenders.

Development Roadmap

Please break up your research or development work into a clear set of 2-3 milestones.

Development Roadmap

Milestone # Description Deliverables Completion Date Funding
1 RentBoost Module Development Launch short-term and medium- to long-term financial products with support for returns distribution Dec 25, 2024 $5,000
2 Borrowing Module Development Decentralized borrowing functionality with USDT collateralization and Swan Token borrowing Feb 10, 2025 $15,000
3 Testing and Optimization Smart contract auditing, testnet deployment, and user feedback iteration Feb 25, 2025 $5,000

Module 1: RentBoost

Features
Product Types:

  • Short-term Packages (7 days, 30 days): Annualized returns of 10%-15%.

  • Medium- to Long-term Packages (90 days, 180 days): Annualized returns of 20%-25%.

Sources of Revenue:

  • Leasing tokens to miners for mining.

  • Staking Swan Tokens on Swan Chain.

  • Profits from trading on CEX/DEX platforms.

User Process:

  • Select a financial package, deposit Swan Tokens, and start earning.

  • Withdraw principal and returns upon maturity or opt for auto-renewal.

Milestones

  • Development Phase (now - Dec 20, 2024): Complete logic, rewards distribution, and user interface.

  • Testing Phase (Dec 21, 2024 - Dec 24, 2024): Conduct functionality testing and optimization.

  • Launch Phase (Dec 25, 2024): Go live with the lending module.

Module 2: Collateralized Borrowing Module

Features
Borrowing Process:

  • Collateralize USDT to borrow Swan Tokens with a 70%-80% loan-to-value ratio.

  • Dynamic interest rates of 5%-10% per annum.

  • Unlock collateral after repayment.

Liquidity and Risk Management:

  • Real-time price monitoring and automatic liquidation when collateral value drops below 125%.

  • Allow additional collateral deposits to prevent liquidation.

Use Case Validation:

Ensure borrowed Swan Tokens are used for mining or ecosystem-related activities.

Milestones

  • Development Phase (Dec 25, 2024 - Jan 15, 2025): Complete borrowing and liquidation logic.

  • Testing Phase (Jan 16, 2025 - Feb 5, 2025): Conduct contract audits and user testing.

  • Launch Phase (Feb 10, 2025): Go live with the collateralized borrowing module.

Documentation, Education, and Community

Attract users through early adopter reward programs (e.g., Swan Token incentives).
Provide a user-friendly interface to lower the entry barrier.
Deeply integrate with other Swan ecosystem modules (e.g., mining, exchanges) for interoperability.
Launch marketing campaigns to attract more users and computing providers.

Total Budget Requested

$25000 USDT

Maintenance and Upgrade Plans

  • Regular updates and optimizations to smart contract code to ensure security and compatibility.

  • Continuous monitoring of user needs to add new features (e.g., support for additional assets or dynamic interest rate adjustments).

  • Long-term technical support to maintain loan pool liquidity and financial product returns.

Team

Contact Info

Email: support@xshares.one

Team Members

  • Team Member 1 - XSHARES TEAM
  • ...

Team Website

xshares.one

Relevant Experience

Team members have extensive experience in DeFi and smart contract development, with a proven track record in building and deploying financial products.

Team code repositories

GitHub Address: xshares123-repo

Additional Information

The project will strictly adhere to the technical standards of the Swan ecosystem and aims for broad adoption through community collaboration.

@XShares123 XShares123 added the documentation Improvements or additions to documentation label Dec 6, 2024
@flyworker flyworker added RFP Request for Proposal Wave2 and removed documentation Improvements or additions to documentation labels Dec 6, 2024
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