Decentralized and permissionless lending pools with focus on liquidity providers
Product Launch, Grant
Xenon is a permissionless decentralized leveraged yield farming protocol on the Harmony blockchain. Our contracts are a fork of Tarot on the Fantom blockchain.
Liquidity providers can deposit LP tokens into an isolated lending pool and borrow against them to
receive assets of the same type of LP pair. This allows users to earn high interest rates and yields on their assets with minimal downside risk.
Users can also lend out single assets to any lending pool to receive high interest rates and experience no impermanent loss whilst indirectly providing liquidity to AMMs.
We are looking to be a major protocol on the Harmony Blockchain and bring a lot of new users to DeFi and Harmony at the same time. Our website and contracts are running on testnet with the following features available:
- Complete User Interface
- Connection to Metamask
- Depositing of testnet ONE/VIPER LP tokens as collateral (that’s just the pool we chose to add initially)
- Lending of assets individually to earn yield
- Borrowing of single assets individually against deposited collateral LP tokens.
We are in the process of debugging UI and UX issues and are receiving feedback in Discord from our community through an upcoming bug bounty program.
We hope to launch the first version of our application on mainnet by 04/09/2022. The features that will be available upon release are identical to those detailed above.
Our team is currently small and we are looking to attract people of all related disciplines to come and work for us. We are specifically looking for a solidity developer and social media manager as well as discord moderators.
@mks - Founder and Backend Developer
@Yosep - Community Manager
StormAlex - Front end developer
@dazeign - Design manager
We are asking for $50k primarily to help expand our small team. We do need more people on the team and we are hiring. We will also use the funds for marketing, advertisement and cross-project collaborations. Upon approval of our grant, we plan to introduce a bug bounty program in order to iron out remaining issues.
We are looking for $50k worth of ONE, which should be split into portions and released by milestones:
|Launching Xenon Finance app, featuring lending and borrowing contracts on testnet (March 2022)||$10k|
|After forming a DAO with multisig (5-out-of-9) (April 2022)||$10k|
|After launching Xenon Finance on the Harmony mainnet with audit (April 2022)||$10k|
|After 1K daily active users (with video launch, full PR promotion) (May 2022)||$10k|
|After 10k daily active users (with a detailed roadmap, governance process) (July 2022)||$10k|
Testnet App: https://app.xenon.finance/
Github: Xenon Finance · GitHub