Gitcoin is a decentralized protocol built on Ethereum, with a community of developers that collaborate and monetize their skills working on open source bounties.
The community counts more than 73k developers, and the platform issued ~$13M in bounties during the last couple of years. It is widely known and used in the crypto and DeFi space.
The Idle Labs team is already sponsoring Gitcoin grants along with Badger, Sushiswap, Uniswap, Balancer, and many industry leaders, and this entitles the protocol to launch up to 3 open calls for the upcoming Grants Round 9 Hackathon.
The event will start in 5 days, and the earlier we provide structured grants the better is for visibility and applications.
Grants could not be focused on core Idle functionalities nor require their deep understanding, but at the same time, their development should add value to the Idle ecosystem.
Here below we would like to propose some ideas that might be sponsored through these 3 possible grants:
- Flash Loans Use-Case – this feature (which will be released with next update), is ready to unleash the potential of Idle liquidity with many different applications, unlocking flash loans execution on liquidity allocated in Compound+Aave+dYdX.
- On-Top Strategies – development of strategies on top of Idle protocol, such as automatically reinvesting yield profits into other assets (e.g. ETH, WBTC) or improve current yield spectrum for Idle allocation strategies (add more supported protocols or LP pools).
- Tranches POC – Design a product with the minimum requirements needed to enable tranches on top of Idle protocol.
The list is open to other initiatives, bearing in mind the rationale and the limited slots available.
To endorse/reject this idea or if there’s any improvement/idea you wish to talk about further, drop a comment down here!