The DeFi Swap Protocol

Follow the instruction, In this assignment, we would like you to propose an idea for a DeFi product that users want.

Assignment: DeFi Product Proposal A main component of the course is that you develop and pitch an idea for a DeFi product as a team. In this assignment, we would like you to propose an idea for a DeFi product that users want. You can build on one of your individual proposals, but you must not recycle significant portions of a prior proposal. That is, you cannot copy-paste large portions of text and your group proposal has to be “better.” The questions below are deliberately similar to the ones that you answered when analyzing an existing protocol. Part 0: Motivation and Techstack 1. The report should be prefaced by an elevator pitch where you explain the merits of your product in 30 seconds (https://www.mindtools.com/pages/article/elevatorpitch.htm). Three steps should explain the product’s “job”: a. You know how … b. Well, we/I … c. So that … 2. Where in the blockchain tech-stack does your product live? Part 1: Background Information about the product Explain in simple terms (and using your own words). 1. What economic/business problem does your project solve? (Sector of operation, particular use of the product, underlying finance concept.) 2. Describe the standard operation/workflow of your product. Part 2: Detailed Product Information 1. Customers: For whom is the protocol creating value? Who are the protocol’s most important users? What is your main value proposition for customers? 2. Market: What are alternative or competing protocols? Pick a competitor and describe a main difference/competitive advantage. Is the competitor a substitute or complement? 3. Product business model: How does your product create revenue for the developers and the investors? (It may not create revenue, it may rely on token price appreciation, it may be an add-on to an existing project, etc.) 4. Tokens: does you model require the issuance of a token? If so, what is the role of the token? 5. Governance: Is your model centrally controlled or is it decentral? How are key MGT411: DeFi DeFi Product Proposal - Group 2 parameters of the protocol decided? Describe the process. 6. How will is the ongoing development and operation financed (foundation, flow payments)? 7. Regulation: Does your model touch upon a regulated area? What problems do you foresee? 8. Risks: What kind of risk arise with regards to your project (operation, investors, users)? What to deliver 1. A 30-45 second video of your elevator pitch. 2. A report: this will be similar to the individual assignment. You can split it in sections, but you don’t have to answer each question above individually, one by one, in the order given here. Try to build a narrative akin to the whitepapers that you have read for your first assignment. The length of the report should be approximately 7-8 pages (3,000-4,000 words), excluding references. The elevator pitch can be a written part of your report and/or can be a 30 second video. Reports are due on December 5, 11:59pm, and should be uploaded through Quercus. No extensions will be granted. 3. A pitch deck: you need to submit the slides that you will be using for your pitch. The deck should be uploaded through Quercus (there will be a file upload option) and it’s due before the lecture during which your presentation is scheduled (see “Pitch Day” below). There are no restrictions in terms of number of slides and style, but in case this helps, here is how Sequoia Capital suggests you pitch: https://www.sequoiacap.com/article/writing-a-business-plan/ Pitch Day(s) The last lecture will be our pitch day. Some details: 1. Each presentation will take 5 mins and will be followed by a 3-5min Q&A. 2. All team members should participate in the presentation (tag team). 3. The order of presentations will be decided randomly. 4. Your pitch will be evaluated based on the quality of presentation and how well you handle questions. 5. Everyone will assess every team’s pitch and provide feedback. We will also hold a vote for the winning pitch. The grade for your project, however, will be determined independently of the vote and the peer feedback (though we will grade the quality of your feedback).