Reimbursement proposal: ONEforALL
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Reimbursement proposal: ONEforALL

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dj3n PRD

Objective

Raise [x] amount of the missing $100m.

Harmony’s Current Advantages

  • Large passionate community
  • Talented operating team
  • A liquid treasury

Proposal

Host a suite of Defi, NFT and Game products in which fees generated are directed toward a Harmony Reimbursement Fund.

Central Tenet: Build back the trust.
  • DEX

Plan

  1. Inspire and fork from Mad Meerkat Finance’s conglomeration of services.
      2. image
    1. Offer two DeFi services based on revenue generation potential
      • Yield aggregator (auto-compounder)
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    2. Offer two non-defi products
      1. Generative or non-generative 10,000 PFP collection
        1. Artwork submitted by the community
      2. In-browser game @ 🎱Brett
        1. Adventure-type with In-game items and skins
  2. Launch ONEforALL on Polygon*
    1. Charge 0.3% fees on all swaps and 10% royalties on all NFT sales
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    2. Launch ONEforALL (OFA) token: 100,000,000 capped supply
      1. 40,000,000 (40%) emitted to LPs over 3 years.
      2. 60,000,000 (60%) public sale
        • 50,000,000 raise for reimbursement fund
        • 10,000,000 for protocol operations
          • Tokens can be aggressively bonded out to realize the sales from the token and convert to stables to lock-in reimbursement amounts.

      *this plan is chain agnostic, however Polygon has good pairings for the Hummingbot strategy

Metrics

Initial Raise

Token launch

https://www.tandfonline.com/doi/full/10.1080/13691066.2020.1741127
https://www.tandfonline.com/doi/full/10.1080/13691066.2020.1741127

$9 million selling 60% of the token supply.

NFT Launch

10,000 community pieces at $100 each. $1,000,000.

Perpetual Revenue

Exchanges on Polygon do anywhere from 20k to 8m in volume per day.* Assuming OFA can do a modest 500k vol per day with 0.3% fees, that’s $1,500 per day in trading fees.

The top 2 are excluded as they are DEX aggregators.
The top 2 are excluded as they are DEX aggregators.

Using Yearn as a yield aggregator model and assuming OFA can do 10% on a bad day, thats $300 per day in fees.

image

Let’s assume the OFA community NFT collection sits right outside the Top 100 and does $15k in volume per week, resulting in 1500 in royalties per week.

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Back of the Envelope Modest Perpetual Revenue

ServiceFee generated (per day)per monthper yearOne-Time SalesNotes
1,500
45,000
540,000
300
9,000
108,000
214
6,000
72,000
1,000,000
9,000,000

Unknown: Factors include initial NFT sales, in-game items, in-game token economies, game token ICO.

Time to reach $100,000,000 in bear market conditions:

115 years

Spoiler alert 🤫: We won’t be in a bear market forever. All of these dry kindle piles could do 100m each in a year when the market heats up.

Conclusion: Build our solution with our community and set the pins up to be knocked down in the next bull run on a chain that is not dependent on the defi blockers on Harmony.

Resources Needed

  1. Treasury funds to seed initial trading pools
    1. Recommend running Hummingbot market making with parallel trading pairs* on DEX/CEX to mitigate impermanent loss and take market neutral position.
      1. i.e. USDC/MATIC on OFA DEX and USDC/MATIC on Binance.
  2. Dev resources to deploy initial platform
  3. Game artists to help Brett launch browser game
  4. Time to coordinate community to submit artwork for PFP collection.