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#262
YieldBay Proposal: Listing platform for all dotsama liquidity pools and yield farms
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YieldBay started out, about 9 months ago, as an effort to reduce information asymmetry and lower the barrier to entry for liquidity providers and yield farmers within the dotsama ecosystem and make it easier for protocols to acquire liquidity for their token pools.

For details see Introducing Yield Bay - by Batman.

Dotsama’s multi-chain and interoperable infrastructure enables novel solutions to be built, which were previously not possible. However, this novelty also brings complexity.

Spending time in various community chat servers, we noticed similar questions from community members, stemming from the problem of information asymmetry in finding and participating in liquidity pools and yield farms.

Information asymmetry in finding and participating in liquidity pools and yield farms

This problem affects not only LPs and yield farmers but also protocols, as they suffer from low discoverability and lower conversions, resulting in lower liquidity for their token pools and higher slippage. That’s a big problem if you want people to be able to buy your token. Hence, it is a huge barrier to a new project’s success.

Our goal is to help reduce the time and effort costs of liquidity acquisition and provision for protocols and end-users (LP/yield farmers) respectively, by making it easier to find and list liquidity pools and yield farms in one central location.

In this proposal, we are seeking to fund the development of an aggregation platform for finding and listing liquidity pools and yield farms across the dotsama ecosystem to reduce problem of information asymmetry mentioned above. We believe such a platform will be mutually beneficial for users as well as protocols.

Progress so far:

  • We've already built a proof-of-concept for this, which is live on list.yieldbay.io
  • The platform has had 350+ unique visitors who spent an average time of over 4min on the site
  • Within a week since we launched YieldBay List (on July 11th, 2022), we’ve received listing requests from over 5 different protocols including Tapio/Taiga, BeamSwap, Darwinia, et al. (disclaimer: please note that this does NOT imply a partnership or endorsement between YieldBay and these projects)

NOTE: This submission is only for the first milestone. We shall make separate submissions for the remaining milestones.

Please see the full proposal here.

Thank you to everyone who contributed during the community feedback stage of this proposal. We have corresponded with everyone that has provided their inputs in the comment section of the discussion thread.

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262
Threshold
8
Hash
0x123ea5efeffb873bbe0ac925ca9a517c403dfcfb7dc0ab3124fbcd3864ad64cb
Call
Table
Json
callIndex0x1302
sectiontreasury
methodapproveProposal
args
proposalId158
TimelineLatest activity 9d ago
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