Gm, Gm everyone. We are 0XGO and would love to get feedback on our product + invite you to participate in our early access program trough Zealy and Dapp Testing.
Introduction
Presenting 0XGO: A fund for public goods. We initially help Web3 Learning communities and provide financial support to run events, Hackathons and basic expenses. A financial layer for communities.
TL;DR
In web3 learning communities. Our shared enthusiasm for decentralized solutions is clear, yet financial support can unlock untapped potential. Enhancing our learning experiences and enabling impactful changes. With solutions like 0XGO, having a base income by participating in Liquid Staking Protocols and running Delegate Staking Pools can propel our communities towards innovation.
The Problem
Community Organizers as myself (Karol) at HERDAO Spain, and Denny - Leading NodeschoolSM are active participants in Learning Communities that promote the gathering of active learners there exists a potential that can be unleashed through financial support.
This financial support to communities can enable having better resources, and offer incentives that empower every member to contribute in a whole new level, just like H.E.R DAO. On-boarding women into the ecosystem by giving them scholarships and grants to participate in Web3 Hackathons and events from ALL over the world.
Let us unite not just in enthusiasm, but in action. In providing the necessary or basic components so we can propel our communities towards a future marked by resilience, innovation, and inclusivity.
Solution: Delegate Staking to empower communities
0XGO actively participates in staking protocols by operating nodes to earn passive rewards, and staking incentives. These rewards can be directed towards community initiatives, making real impact and boosting new-growing communities.
We see a huge opportunity in Cartesi, where we can collect Node Running Rewards in CTSI and disburse those rewards among our communities. Our Protocol delegation can be used to be put on Yield-Generating products like IdleFinance, Yearn or Beefy - to boost Protocol Rewards. Our Safety Module + Unstaking fees helps us mitigate costs and availability of tokens.
0XGO has a lift in yield by running Staking Pools to earn partners and protocol owned tokens. Participants can also earn NFTs as badges that can help lowering the protocol fees and grant access to VIP Pools.
Impact in the Cartesi Ecosystem
Apart from being one of the first Dapps that allows CTSI Staking at ease + provide protocol rewards on the top of the total yield, by also helping communities. We believe 0XGO can lift the following sectors:
- Bringing Early Adopters: Allow freshers to participate in the Cartesi Ecosystem easily.
- CTSI Stakers: Have a core component in DeFi Products, Staking Pools that make impact.
- Learning Communities: Help communities onboard developers into the Cartesi Ecosystem. A financial layer powering Education.
- Events and more: Promote 0XGO<>Cartesi brand in events, create content to learn about Cartesi and fund new projects with small grants to boost up the Cartesi Ecosystem as well.
Protocol Fees and Rewards
1. Relayer Incentives
- 0.7% of the balance pending to be staked (From Reward Pool, 250 CTSI CAP)
- 1.3% in ZEROToken of the balance pending to be staked (420 CAP)
2. Unstaking Fees
- Unstake, 5% goes to protocol participants (basically giving the user 93% it’s total balance + earned)
3. Staking Pools
Users can participate in Staking Pools to earn rewards such as USDC, USDT, DAI. Their shares in based in the amount of ZERO Tokens they hold.
Technical Cartesi Usage
0XGO is a Cartesi Dapp, where users can earn utility tokens and a percentage of the rewards form the Reward Pool by executing or relaying a Voucher - which is also proposed in the following RFP - #003
Users Want More Utility for CTSI
Demo
Resources
- Website: https://0xgo.fund
- Docs: About Us - 0XGO
- Zealy: Zealy - Join the movement
