Grant Proposal: IndexZoo on Harmony

Funding Proposals Grants
1

[IndexZoo]

Proposal overview

IndexZoo is a DeFi multi-chain ecosystem of tokenized indices built for utmost accuracy, maximum leverage and lowest cost. Every blockchain ecosystem needs its own index. Zoo’s Habitat Index Protocol will soon be deployed to multiple EVM compatible L1/L2s, creating the multi-chain index standard prepared to onboard the next billion crypto investors!

Zoo’s innovative leveraged Bear/Bull token enables accurate long/short exposures up to 5x. Instead of using L1 spot market for index exposure, Zoo uses L2 DEX derivatives such as DyDx’s Perp contract, saving significantly gas fee for users and making rebalancing instantaneous.

Overall, Zoo is built to solve 3 main problems with DeFi indices:

1, Lacking of Index Exposures (Long only, low leverage)
2, Inaccurate Tracking (Infrequent rebalancing, high gas fee)
3, Gatekeepers (Slow product launch)

Proposal ask

IndexZoo is asking for the $50k launch grant to fully deploy its base index protocol on Harmony.
Once deployed, Zoo will explore product launches in partnership with Harmony ecosystem swaps and lending protocols:

1, Harmony Ecosystem Index: An tokenized index that encompass the most wanted Harmony ecosystem tokens, may be designed and launched in partnership with the Harmony Foundation.

2, Harmony NFT/Metaverse Index: An tokenized index that captures the most desired NFT and GameFi tokens in Harmony ecosystem, may be designed and launched in partnership with other metaverse projects.

3, One Leverage Token (3x long): A leverage token on One that enables users accurate 3x long One exposures. Leverage will be created using lending protocol (Aave) and exposures are bought on native swaps (Sushi, Viper and etc.).

Metrics for success

Since Zoo’s launch in May 2021, we have secured multiple partnership/grants from public blockchain, including NEAR, Polygon, Avalanche and more to come. We are keen on building on Harmony and become the first index/leverage token protocol on Harmony. We’ll also enable cross-chain accessibility to create network effect from our multi-chain user base, accelerating mass adoption through the currently segregated multi-chain landscape. Zoo’s base Habitat Index Protocol is currently testing on Kovan, and will soon to be ready for deployment. We look forward to building on Harmony and launch the list of products!

External links

:elephant:Website: www.IndexZoo.com
:bird:Twitter : https://twitter.com/indexzoo
:bat:Telegram: Telegram: Contact @indexzoo
:camel:Discord: IndexZoo's server

1 Like
2

Thank you for submitting a proposal to Harmony’s $300M Ecosystem Fund

We are in the process of reviewing your proposal. We would also love :blue_heart: to have the Harmony community participate to ask questions and provide feedbacks.

If you have more details to add, please do so by replying to this thread.

3

Absolutely!

Here to update on metrics for success:

1, Deploy Habitat Index Protocol on testnet
2, Deploy Habitat Index Protocol on mainnet
3, Integrate with swaps (Sushi, Viper etc.)
4, Integrate with lending protocols (Aave)
5, Integrate with Harmoonies, DeFi Kindom and other projects
6, First Index Product Launch

Happy to answer any questions!

1 Like
4

@czzisaman looks like you guys are very early in the development phase. Since the POC is not quite ready, we do get the concept, but we believe that the community deserves to know a bit more about what the actual result will look like. And since this is a very visual representation, some mocks will help

Also, what is your team make up, and what are the funds going to be used for?

This proposal fits best to the Launch grant based on the guidelines at Apply for Grants or DAO

Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit.
We recommend a $50K equity-free contribution each:

$10K after launching a feature-complete product on our testnet,
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs,
$10K after launching on our mainnet with audit,
$10K after 1K daily active users (with launch video, full PR promotion),
$10K after 10k daily active users (with a detailed roadmap, governance process).

Moreover, we recommend a 5-out-9 multisig account on Gnosis Safe with 3 governors from the project team, 3 governors from the project community, and 3 governors from Harmony DAOs – namely, ONEcommunityDAO, ONEdeveloperDAO, ONEincubatorDAO.

In all cases, we ask for 3-month exclusive campaigns with Harmony before more porting with other chains. We also offer follow-on investments – see 50 Investments ($20M) above; but, at the moment, you must have an outside, lead investor for us to match the funding terms. All codes, development materials and production assets must be fully open, preferrably with MIT or BSD licences; weekly updates must on sent on forum; and, all server deploys or mobile apps must be easily clonable.

Are you aware of to the above terms?

5

Hi Jacksteroo, indeed, we are still pre-launch at the moment, and it might be more pertinent to officially apply after we deploy on mainnet. Let us get back to you in a few weeks!

6

I stand corrected. IndexZoo is onto something here. I now see the proof of concept that I missed earlier. The video explains it in some ways. Fwiw, you don’t even need to be on Testnet to apply for a grant. We’re good to move forward with the grant.

Approved for $50K Launch grant. Congratulations! Looking forward to seeing this built out with the first milestone for a Testnet Launch built on Harmony :tada:

“Testnet Launch” means launching a feature-complete product on Harmony Testnet. We define feature complete to include a user interface, connection to a wallet (Metamask, Harmony ONE Chrome Extension, etc.) on Testnet, and can be tested end-to-end by at least 100 users.

Funds will be released upon completing these milestones

$10K after launching a feature-complete product on our testnet
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs
$10K after launching on our mainnet with audit
$10K after 1K daily active users (with launch video, full PR promotion)
$10K after 10k daily active users (with a detailed roadmap, governance process)

Meanwhile, to prepare receiving funds, email your identification documents to kyc@harmony.one and create a Gnosis Safe MultiSig wallet at https://multisig.harmony.one and using instructions below
:arrow_right: Setup Gnosis Safe with MetaMask & 1Wallet

Checkout the Funding FAQ for further info at Harmony Funding FAQ. Join the Harmony Grants Telegram channel to share your story and to gain partnerships there by growing your own ecosystem.

Please join the Harmony Grants Telegram channel and Harmony’s Discord server.

We’d love :blue_heart: to see weekly updates on this thread here, to keep the community posted on this proposal’s progress!

7

Hi Jack, pleasure to learn the great news! We did put more links in the proposal but I think there’s a limit so were taken out… sorry about the confusion!

I’ll continue with update posts here, and we are excited to build on Harmony!

1 Like
8

Hi @czzisaman,

Just checking in. Please keep community posted on any milestones you hit. We would encourage weekly if possible.

$10K after launching a feature-complete product on our testnet
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs
$10K after launching on our mainnet with audit
$10K after 1K daily active users (with launch video, full PR promotion)
$10K after 10k daily active users (with a detailed roadmap, governance process)

Thank You!

9

Hi, thanks for the notice and great timing! Our Harmony testnet deployment will be underway in the next 2 weeks. The first product will be Harmony Ecosystem Index. We are working out the methodology for this product line. Will post here once ready!

Dapp page: IndexZoo App