Xopowo Budget Request 2023-10-20

[saltyfacu]

Xopowo's overall commitment remains the same as in #154. In short: Xopowo is focused on supporting existing Yearn projects while innovating and shipping new ones.

Highlights

The good

• We built and launched a sexy front end for yETH.
• veYFI UI was turned around in record time (translation: stressful) as an 'all hands to the wheel' endevour with the veYFI contributors.
• A snazzy new v3 UI is in development.
• Ape Tax is live in prod.
• We have our own infrastrature for error reporting, hosting and so on
• Migrated the provider to wagmi + rainbow kit
• Yearn.fi is now omnichain, leading to an improved and more robust UX.

The bad

The team has been stretched thin on development resources this quater. We're aware and very much on it - using this as an opportunity to scale the team using the tried and true 'yearn method' (PoW) for testing new candidates. It's a bit slower, but it's totally worth it in the end.

The ugly

Related to the above, with the team being stretched and a busy period (yETH, veYFI, v3 and more) we have not been as strong on organization and communication as we would like to be. Improving in this area is a top priority for us now and we're focusing on building a better process for project management and communication with yTeams.

Moar projects

Some things we worked on this quater that were outside our initial scope:

• yETH: from bootstrap to full launch

Current scope

Revenue generating

• yearn.finance
  • OP staking (Over $1m of new TVL to Yearn)
  • yCRV
  • yBribe
  • veYFI
• yAudit
• V3
• yETH

Infrastructure

• Web lib | Web Template
• yDaemon
  • Meta
  • APR

Strategic

• B2B Dashboard
• ape.tax
• yearn.clinic
• NFTreasury.click
• Macarena.finance

The Plan

The Xopowo team remains committed to both maintaining and improving Yearn's current front ends while also looking to create products that bring new users to Yearn through innovative approaches and new functionality. Ensuring a great product experience for current users while seeking new ones. We therefore propose that the Xopowo team continues maintaining Yearn's website, in addition to creating new projects.

Additionally, the team is going to be searching for additional opportunities for product development, partnerships and integrations with other projects and protocols. This may involve grants or funding opportunities from external sources to Yearn - which will bring value back to Yearn through integrations and complementary functions that enhance the user experience.

In the future, the Xopowo Team may seek to reduce its dependence on grants from Yearn and move towards a revenue-sharing scheme. The team believes that this approach will help align its incentives with Yearn's interests while also promoting sustainable growth.

Deadline

2023-01-31

Money

We propose a dual approach to funding contributions toward the development and maintenance of our projects. Firstly, we plan to distribute a grant to each person working on a project.

Secondly, we will use bounties to fund isolated contributions or contributions linked to projects in maintenance mode. This approach will enable us to incentivize individual contributors, ensuring the continued success and growth of our projects.

Our breakdown:

Description	Token	Amount
Contributors	DAI	95000
Infra	DAI	2000

Amount

• 97,000 DAI per month

Wallet address

0x4F909396A75FE9d59F584156A851B3770f3F438a

Reporting

Monthly