Proposal: Project LaunchPad - Empowering projects, rewarding early supporters in Bifrost

[fakename137]

Description

• Project Owners can start campaigns by locking vTokens and rewarding stakers with native tokens.
• Stakers lock vTokens to earn rewards, with the amount based on how long they stake.
• At the end of the period, rewards are automatically given based on the amount and duration of staking.
• The platform helps projects get early support and builds a community of backers.

Streamlining the investor experience while simplifying project bootstrapping through Better UI & UX.

[zxstim]

i think it's ok but a better scenario for vTokens would be using the yield rather than the token itself. this way, you can have a completely different risk profile

[fakename137]

You’re absolutely right we’re implementing something along those lines!

First POC includes the whole concept above & would be using yield method!

[zxstim]

Alright approved.

Here is our community on X for you to ask questions:
https://x.com/i/communities/1866708831591600383

Or use the discord server -> builders channel:
https://discord.com/channels/704931715222732870/1108478128369705121

[zxstim]

i suggest you to build this on Moonbeam (if building with EVM) so you can leverage the XcmOracle contract to get the exchange rate. That way you can segment the yield.

[fakename137]

As of now we are using Moonbeam! I'll look into the XCM Oracle aspect too. Thanks for your suggestion!