Delegate Mission Request: Optimism Dominance in Yield-Bearing Assets 1D

[opjulian]

Delegate Mission Request: Optimism Dominance in Yield-Bearing Assets 1D

Application Link

Make sure you’re logged in with Farcaster, and make sure you choose the correct S6 Mission field (this will be the same name as the title of this Mission Request).

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Optimism Dominance in Yield-Bearing Assets (4 of 4)

Delegate Mission Request Summary:

This mission is part of a package that is intended to make Optimism the dominant venue for trading and creating yield-bearing assets. The target assets include real-world assets (RWAs), yield-bearing DeFi tokens that are simple in structure, and staked ETH.

This mission is specifically designed to provide support to the Grants Council in administering the missions titled “Optimism Dominance in Yield-Bearing Assets” 1 through 3.

S5 Intent

Intent 3: Grow application devs on the Superchain

Proposing Delegate

GFX Labs

Proposal Tier

Scales up to tier of proposer

Baseline Grant Amount

170k OP if subject to one-year lockup by Foundation, 150k if OP can be provided unencumbered.

Should this Foundation Mission be fulfilled by one or multiple applicants

One or multiple, but preference should be given to applicants that can provide all required deliverables.

Completion Date

Seven months from passage of mission.

Specification

How will this Delegate Mission Request help accomplish the above Intent?
This mission is specifically designed to provide ministerial and technical support to the Grants Council.

What is required to execute this Delegate Mission Request?

Informational webpage showing at a minimum:

• Whitelisted yield-bearing assets for bridging incentives,
• Whitelisted DeFi protocols for bridging incentives,
• List of assets that are in the process of or have received a grade from a ratings agency (may include those not issued as part of this program),
• Important dates,
• Contact information for asset issuers and protocol representatives wishing to whitelist a protocol or asset for any portion of this program.

Provide technical support to index and distribute rewards to eligible users for bridge + deposit incentives.

How should the Token House measure progress towards this Mission?

• Number of yield-bearing assets whitelisted for this program.
• Amount of yield-bearing assets bridged onto Optimism from Ethereum and other chains.
• Duration of stay by those bridged assets.

Milestones

• Webpage contains up-to-date information for the entirety of the campaign.
• Users provided access to their rewards in a timely manner and with accurate amounts.

How should badgeholders measure impact upon completion of this Mission?

• Aggregate capital inflows from the real-world economy, Ethereum, and other chains for yield-bearing tokens on Optimism.
• Number of RWAs and yield-bearing projects deployed on Optimism that also have permissionless token transfers.
• Trading activity of permissionless yield-bearing project tokens on Optimism DEXs like Velodrome, Uniswap, and Curve.
• Amount of rated yield-bearing assets held in Optimism DAO treasuries, to help foster economic resiliency of those organizations.

Have you engaged a Grant-as-a-service provider for this Mission Request?

No.

Has anyone other than the Proposing Delegate contributed to this Mission Request?

No.

This Mission Request is considered failed or withdrawn if the other three missions labeled “Optimism Dominance in Yield-Bearing Assets” do not pass.

Which metric will the success of this Mission Request be evaluated against?

The North star metric against which this Mission Request should be evaluated is TVL, because the initiatives outlined above aim to attract an influx of additional assets. This metric was suggested by the foundation and approved by the Grants Council.