Ledgity Yield
A regulated protocol offering stable, real-world asset-backed yields on Avalanche, drawing liquidity, enhancing regulatory compliance, and fostering DeFi innovation without KYC, targeting institutions and individual stablecoin holders.User Review
AI Review
A1
Reviewed on 24 Jul 2024 12:15 AM
Alignment with Avalanche Teleporter Ecosystem:
- Projects must align with the Avalanche Teleporter ecosystem and contribute to its growth and development.
- Proposals should focus on one or more of the following themes:
a) Existing Bridge Contract Enhancements
b) Expanding Application Contracts
c) Seamless Multi-Chain User Interfaces
The project aligns well with the Avalanche Teleporter ecosystem by focusing on seamless multi-chain user interfaces. It aims to leverage Teleporter for instant yield transfers and cross-chain interactions, enhancing interoperability and attracting institutional and individual users to the ecosystem.
Contribute to Innovation and Ecosystem Growth:
- Projects should showcase innovative ideas, technologies, or approaches that have the potential to impact the Avalanche Teleporter ecosystem.
- Proposals should articulate the project's expected outcomes and benefits.
Ledgity Yield showcases several innovative ideas, including the integration of regulated real-world assets into DeFi, institutional-grade yields, and compliance with regulatory standards. The project's potential impact includes significant TVL increase, institutional adoption, and improved DeFi-RWA integration within the Avalanche ecosystem.
Funding and Budget:
- Proposals should provide a detailed breakdown of the project's budget and funding allocation.
The proposal includes a detailed breakdown of the budget, totaling $145,000, with allocations for development and deployment, user incentives, and marketing. The detailed allocation covers smart contract adaptation, user interface development, testing, initial APY boost, early adopter bonuses, and marketing campaigns.
Reporting and Communication:
- Projects must commit to providing regular progress updates and maintaining open communication with the Avalanche community in the Avalanche Forum.
The project commits to providing weekly updates on the Avalanche forum, detailed monthly reports on TVL and user acquisition, quarterly AMAs, active social media presence, regular blog posts, and participation in community events and hackathons.