Opus Dei DeFi

Name of Project

Opus Dei Money

Proposal overview

Opus Dei is a DeFi platform currently being built on the Tezos network. The goal is to develop a DAO cross-chain solution and allow the moving of pools based on an oracle. It’s kind of like cross-chain arbitrage trading but with a whole pool. Please find more information provided in the file under the link below.
The team is in the middle of the development process on Tezos. We are looking for a discussion and more people to be a part of the team (rewards and all that) and that is why we’ve decided that Harmony should be the first network to be supported and to work together. The OPD team has been following the Harmony community growth and protocol development and see great potential in the network. The last “byte” before this post was written as an interview with ONEruDAO’s leader Nick Vasilich on ForkLog, where he was sharing Harmony’s plans and vision.

Please note, that we want to start this discussion with Harmony’s community first, finish what we are currently doing on Tezos second and only then get a confirmation (that is a big IF, obviously) from the Harmony fund. Not the other way. We are in a position when our we still have time to change the math behind the protocol and we would like to do so with the Harmony community as a discussion already now.

Proposal ask

€75K for building a Tezos-Harmony bridge for onboarding the Harmony community, developing additional functionality not yet created on Tezos network (new NFT assets) and marketing, obviously.

Metrics for success

Develppment delivery and number of users.

External links

Please find the description here (Google Drive). Download or read in the browser - as you wish. That file is a certain coming-out for the team and the project. We declare who we are what we think and why are we doing Opus Dei. The average age of the team is around 35 years, almost all of us are fathers, so it’s kind of a cry from the heart, as it simply can’t go on like that anymore. You won’t find mathematical formulas there (that will be provided soon though), very few for tokenomics, but a lot about where we are today and how do we want to solve the situation. Our PhD’s are currently working on a tokenomics model so that information will be provided in near future.

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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.

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Would love to have a discussion with the community about The Opus Dei Money and the future of DeFi in general despite the decision you’ll make

One more thing…

Opus Dei Money is a protocol created on DAO principles. The network the protocol is currently being built is Tezos. This proposal is a “Ports” proposal, but is it a port? Shouldn’t it be DAOs or anything else? Or does it matter?

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There’s a lot of philosophical content in the document, and looks like it’s a pitch for Tezos, and not Harmony. Since the Tezos launch is still pending, this is not a Port launch, which require $20M TVL plus a vibrant community to qualify.

Secondly we’d like to see a bridge to Tezos if there’s a strong reason to do so. It looks like this effort is doing a launch and a necessary bridge at a same time. We understand there are operational costs and funding of resources from the team’s point of view. We’re looking for results-driven milestones (see below) and will not be able to fund beyond $50K


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.

Can we agree to the above terms?

We would prefer that Opus Dei launches on Tezos first, see how the traction goes before we consider moving forward here. Otherwise we may spend the effort building a bridge when the traffic is not readily available to test the bridge.

Based on our chat, we’ll close out this thread and circle back with a renewed proposal in Q1 2022 when it’s launched on Tezos. Looking forward to re-engaging then. Thank you for choosing Harmony! :blue_heart:

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