YieldBay Proposal Phase 2: Yield Farming Dashboard for Dotsama

YieldBay is a yield farm aggregator for the dotsama ecosystem. Our goal with YieldBay is two-fold:

1. To reduce information asymmetry and lower the barrier to entry for liquidity providers and yield farmers
2. To make it easier for protocols to acquire liquidity for their token pools

This is a follow-up to our previous treasury proposal (Motion #262 on Polkassembly) to build further on our goal of reducing information asymmetry in finding and participating in liquidity pools and yield farms in the dotsama ecosystem.

As outlined in our previous proposal's problem statement and illustrated below in the screenshot of feedback from community members — participating in yield farms in the dotsama ecosystem is a tedious and time consuming process.

With our previous proposal, we built an aggregated list of yield farms, which allows users to discover all major yield farms across the ecosystem and allows protocols to increase visibility of their liquidity pools and yield farms. The current version of this product is live on https://list.yieldbay.io/

In this proposal, we are seeking to fund the development of an aggregated yield farming dashboard to allow users to participate in dotsama yield farms as well as monitor and manage their positions from one central location.

We would love to get your feedback on the proposal. Please see the full proposal here.