Intro: This proposal suggests integrating Adshares with Decentralized Finance (DeFi) to expand the ecosystem, increase liquidity, and create new revenue streams.
Motivation: Adshares’ ecosystem would benefit significantly from DeFi integration. It will provide additional liquidity to Adshares’ token, ADST, and enable users to leverage ADST as collateral for DeFi loans. Furthermore, integrating Adshares with DeFi will expand the project’s audience and attract new users interested in both advertising and DeFi.
- Integrate ADST with major DeFi protocols like Compound, Aave, and MakerDAO.
- Create a decentralized exchange (DEX) on the Adshares ecosystem that enables users to trade ADST and other tokens.
- Develop a bridge between Adshares’ native blockchain and Ethereum to facilitate cross-chain asset transfers.
- Launch ADST-based DeFi products like yield farming, liquidity pools, and lending/borrowing.
- Implement a governance system for ADST holders to vote on changes to the DeFi integration.
- Research and evaluate the best DeFi protocols to integrate with ADST.
- Develop and deploy the DEX on the Adshares ecosystem.
- Build the bridge between Adshares and Ethereum.
- Launch ADST-based DeFi products and test them thoroughly.
- Implement the governance system for ADST holders to vote on changes to the DeFi integration.
- Research and evaluation: 1 month
- DEX development and deployment: 3 months
- Bridge development and deployment: 2 months
- ADST-based DeFi product launch: 4 months
- Governance system implementation: 2 months
Cost: The total cost of this proposal is estimated to be around $500,000. The expenses include development costs, marketing costs, and operational costs.
- Regulatory risks associated with DeFi and cryptocurrency could impact the success of the proposal.
- Integration with DeFi requires a lot of development work and may divert resources from Adshares’ core business.
- ADST-based DeFi products are subject to risks associated with smart contracts and market volatility.