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