Fungible Token Standard, Decentralized Exchange for Stacks (STX) Tokens & Collateralized Bitcoin Asset on Stacks (Wish List grants) – Jeff Domke
Jeff Domke, Head of Product at Hiro PBC, gave an overview of three major DeFi opportunities on Stacks. The first involves developing a fungible token standard to drive token innovation (similar to the standard for Ethereum) on Stacks and kickstart STX token usage in apps and wallets. To fulfill this grant (set at $3,000), Jeff recommends gathering a team of people with expertise in smart contracts, Clarity, and the needs of the Stacks app founders.
The next Wish List grant requests a decentralized exchange or DEX for STX tokens, which could supply new projects built on Stacks with liquidity and enable token holders to swap STX with other cryptocurrencies. For this $50,000 grant, a team should have expertise in token economics, smart contracts, and building out high quality user experiences.
The final proposal asks for a collateralized Bitcoin (BTC) asset on Stacks, providing a reliable and safe way to move BTC onto Stacks and vice versa. The idea here is to make it easier to work with BTC on Stacks, fulfilling the Stacks promise of bringing DeFi to Bitcoin. Those interested in working on this proposal (also worth $50,000) should be knowledgable about both the Bitcoin and Stacks networks, as well as token economics, smart contracts, and UX & marketing.
Start working on Wish List Grants now: https://forum.stacks.org/t/unlocking-bitcoin-innovation-on-stacks/11558