The idea / protcol

[2xic]

I was originally going to do some NFT ticket system, but there seem to already be solutions for this.

I then started to think, what do I want to have ?

I then started to think back to Prism [1], and how cool an idea it was. Sadly it was never relay launched.

So I think I will try to build that with the building blocks we have today.

So the basic vision of the project

• You deposit ETH
• You construct a portfolio of asset, and by that can get exposure to many assets (by using a decentralized exchange, the smart contract will hold the funds)
• When you are finished you can withdraw, and get a payout in ETH.

The job of the smart contract

• re-balance the portfolio (this has to be done in an efficient manner to be gas efficient)
  • The MVP could just use an AMM like Uniswap as an exchange.
  • We will launch on Optimism to have cheap fees

What more do we need ?

• We need a "nice" frontend
• We need some social stuff, the cool thing with Prism was that you could follow a portfolio etc. This is cool, and should be added. Basically social DEFI!

Things to consider

• Fee structure -> We probably need to have some fee structure to deal with inflow / outflow of capital when doing the AMM
• Treasury ? -> Depends if we want to continue to work on this or not, I guess.

[1] https://www.coindesk.com/markets/2017/05/22/shapeshift-breaks-new-ground-with-prism-digital-asset-portfolio-product/

[2xic]

Actually you could also be exposed to any protocol with this idea.

You could put say 20% of the capital in compound, but the logic for withdrawing would be a bit different.

Maybe not necessary for this first version, but could be cool to add in the future.