MinMax Finance on IoTeX

Proposal details

Project Name

MinMax Finance

Project Type

DeFi Dapp

Proposal Description

MinMax Finance aims to be the leading cross-chain stablecoin AMM on IoTeX. Built on top of Saddle, MinMax is the first next generation stablecoin AMM protocol on IoTeX. MinMax provides the liquidity foundation for all kind of stablecoins. As IoTeX ’s core cross-chain liquidity network, MinMax helps facilitate the transfer of assets between IoTeX and other blockchains. Users deposit crypto assets into our IoTeX liquidity pools to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.

Milestones

  • Milestone 1:
    • Duration (weeks): 1 week
    • Deliverables: Deployment of contract and frontend
    • Funds request (USD): 5,000 USD
  • Milestone 2:
    • Duration (weeks): 1 week
    • Deliverables: : Integrate the Farm pool on MinMax
    • Funds request (USD): 5,000 USD
  • Milestone 3:
    • Duration (weeks): 1 week
    • Deliverables: : Deployment of xMax Stake for governance and profit sharing
    • Funds request (USD): 10,000 USD
  • Milestone 4:
    • Duration (weeks):When reached
    • Deliverables: TVL reached 3M for more than 15 days
    • Funds request (USD): 15,000 USD
  • Milestone 5:
    • Duration (weeks):When reached
    • Deliverables: TVL reached 5M for more than 15 days
    • Funds request (USD): 15,000 USD

Total funds requested

50,000 USD

Will be used for:

  1. Team Operation Cost
  2. Audit Services
  3. Marketing
  4. Rewards for LP

About your Team

  • Team with rich experience in DeFI, tech, research and finance together with the
    acknowledgment/support from Saddle Team
  • Supported and backed by MCN @vfat0 and @billtheinvestors and and Other KOLs|

Metrics

N/A

Links

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=== Please add Milestone Reports below ===

2 Likes

@raullen I like this project.

Hi
To be honest folks, the more of these funded requested proposals I read, the less able I am to differentiate the nuances that may exist between similar/same objective projects. I feel it’s irresponsible of me to continue voting.
In instances where there is little detail associated with the milestones, I am not making a fully considered decision. I have no benchmark or or index to work from. Until I’m more knowledgeable, for now I bid good luck to all successful projects moving forward
Kind regards
Simon

1 Like

Hi
I thought you’re a Dev team but now I came that you’re different Simon sorry sir if I disturbed you

No problem man, it’s all good.
Believe me when I say that I wish I was! There is so much opportunity with blockchain. It could become a special moment in history. Good luck :+1: