Funding Xopowo Team #128
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Where’s the value in Xopowo?
We believe Xopowo's true value is two-fold.
Firstly, the team takes ownership of web maintenance across the entire Yearn ecosystem. This maintenance work allows other yTeams to innovate and ship products knowing they will be supported by Xopowo (and working with contributors they trust).
However Xopowo's true value and potential lies in our ability to ship new and innovative projects that have the potential to make a real impact and generate real revenue. These projects are varied, such as the prior total revamp of yearn.fi(nance) or entirely new products like dump.services.
Furthermore, Xopowo is able to take projects from idea inception all the way to market in a self-reliant manner without reliance or dependency on other teams or individuals.
In short: Xopowo is committed to supporting existing Yearn projects while innovating and shipping new ones.
Mini dump.services case study
(tldr; a huge success)
Launch date: May 3rd
Partnership with CoW, SAFE in the works.
In the first 24 hours of being live:
140k views
270 RTs
730 likes
75 comments
Engagement from some of the biggest names on CT (Cobie, Degen Spartan, etc)
Peak of 600 visitors to site with constant ~40.
$122,377 of value transacted in first 12 hours.
Scope
The Xopowo Team (pronounced Horosho Team) has been working behind the scenes and has successfully created several projects around Yearn. The team handles everything from prototyping to launching functional products to the market.
Additionally, the team is committed to improving and maintaining the projects all the projects created by Yearn's frontend team.
Revenue generating websites (60% effort)
Infrastructure (10% effort)
Strategic (15% effort)
Cutting out (15% effort)
Plan
The Xopowo team is committed to continuing to create products that bring new users to Yearn through innovative approaches and new functionality.
To make this possible, it is important to maintain the current website. We, therefore, propose that the Xopowo team maintains Yearn's website, in addition to creating new projects.
Additionally, the team is going to be searching for additional funding opportunities through grants from other projects. This funding will enable the team to create products that bring added value to Yearn, such as integrations with other protocols and complementary functions that enhance the user experience.
In the future, the Xopowo Team may seek to reduce its dependence on grants from Yearn and move towards a revenue-sharing scheme. The team believes that this approach will help align its incentives with Yearn's interests while also promoting sustainable growth.
People
And other contributors via bounties.
Money
We propose a dual approach to funding contributions toward the development and maintenance of our projects. Firstly, we plan to distribute a grant to each person working on a project.
Secondly, we will use bounties to fund isolated contributions or contributions linked to projects in maintenance mode. This approach will enable us to incentivize individual contributors, ensuring the continued success and growth of our projects.
Our breakdown:
Amount
Wallet address
0x4F909396A75FE9d59F584156A851B3770f3F438a
Reporting
Monthly
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