Inverter Network
Inverter, launched in Switzerland in 2023, developed a modular protocol for dynamic token issuance and programmable distribution, using bonding curves and integration with oracles.User Review
AI Review
A1
Reviewed on 30 Aug 2024 12:22 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 Inverter Network's PIM stack aims to enhance the Avalanche Teleporter ecosystem by introducing dynamic issuance and integrating with existing bridge contracts. It also aims to address liquidity issues and offers plug & play DeFi functionalities suitable for multi-chain interactions.
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.
The project presents novel dynamic token issuance mechanisms using bonding curves and oracle-signaled issuance. It aims to align incentives with real-time performance metrics, accelerates token economy innovations, and ensures smooth onboarding for subnets, which can drive substantial ecosystem growth.
Funding and Budget: Proposals should provide a detailed breakdown of the project's budget and funding allocation.
The project provides a comprehensive budget breakdown across different phases, including architecture definition, development, audit, and deployment activities. Each milestone has associated time estimates and allocated costs.
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 team commits to posting monthly updates on relevant forum channels and providing additional updates upon milestone completion, ensuring open communication and regular reporting with the Avalanche community.