sBTC Incentive Platform Integration Critical Bounty - Arkadiko

[will-corcoran]

sBTC Incentive Platform Integration Critical Bounty - Arkadiko

Congrats @arkadiko-dao

You have been selected as a recipient of a $75k sBTC Incentive Platform Integration Critical Bounty!

Please read the details below and take the requested next steps by Thursday, December 12th, 2024.

What is the sBTC Incentive Platform and its goal?

The sBTC Incentive Platform is designed to boost early adoption and participation in the sBTC protocol. Its primary goals are:

1. Provide Baseline Rewards: The platform offers a foundational 5% sBTC holding reward to early depositors, ensuring a competitive yield for participants.
2. Enable Protocol-Specific Incentives: Beyond the baseline yield, the platform facilitates additional incentives such as points, extra yield, or other perks specific to each integrated protocol.
3. Strengthen the Stacks DeFi Ecosystem: By creating compelling opportunities for users, the platform aims to foster a robust and diverse DeFi landscape on the Stacks platform, leveraging Bitcoin's security and liquidity.

What is the sBTC Incentive Platform Integration Critical Bounty program and its goal?

The sBTC Incentive Platform Integration Critical Bounty program is a strategic initiative with the following objectives:

1. Accelerate TVL Growth: The program aims to bootstrap Total Value Locked (TVL) for sBTC by incentivizing established protocols to integrate with the rewards platform.
2. Support Protocol Expansion: It empowers mature protocols to expand their offerings within the Stacks ecosystem.
3. Foster Ecosystem Development: The program represents a significant step forward in developing the Stacks ecosystem and promoting Bitcoin-based decentralized finance.
4. Provide Financial Support: As part of this program, qualified teams will receive a Critical Bounty of $75,000 to support their integration work with the sBTC Incentive platform.

This program demonstrates a commitment to fostering mature protocols on the Stacks platform, ultimately contributing to a more robust and diverse DeFi landscape.

Qualifying Requirements & Teams

• In order to qualify for the sBTC Incentive Platform Integration Critical Bounty program a threshold of >$1M TVL as of >$1M TVL as of December 1st, 2024 was applied.
• The following teams are eligible*:
  • Velar
  • ALEX / LISA
  • Arkadiko
  • Bitflow
  • StackingDAO
  • Zest
  • Hermetica

Details

• Initial funding of $37.5k available upon agreement signing
• Additional $37.5k disbursed upon successful integration with sBTC Incentive platform
• Minimum commitment: Distribution of $100k in value through protocol incentives via the sBTC program

Next Steps

1. Comment on this issue with the following:
   1. “Accept” = Signals you choose to complete the integration and participate in the program.
   2. “Decline” = Signals you choose not to participate in the Incentive Platform program.
2. Email will@stacks.org for agreement details and integration requirements
3. Begin technical planning for sBTC Incentive platform integration
4. Collect your relevant smart contracts to provide to the sBTC Reward program organizers

Public Accountability

Progress on this integration will be tracked publicly through this issue. The community can expect:

• Regular updates on integration milestones
• Transparency around incentive distribution
• Clear documentation of technical implementation

*Please note: If your project can show >$1m TVL as of December 1 and we've missed it, please get in touch so we can work to validate your claim and award you a similar Critical Bounty!

[fiftyeightandeight]

Accept!