ABSTRACT
AAVE is at the heart of Aave DAO. Our proposal is to publish an app like token interface and logic that makes governance and staking information easily accessible to all AAVE holders. The token interface will provide an intuitive UX seamlessly across various platforms, including wallets, marketplaces, social media (Twitter & Farcaster), Telegram and more.
MOTIVATION
There are over 170k unique AAVE holders, yet only a few participants in governance either through delegation or through direct voting. Every AAVE holder does not visit the governance portal. However, something that every active holder does is that they check out their AAVE tokens in their wallet. What if all the information and actions for users are rendered right where the holders use the tokens the most?
Through this grant, we will surface core functionalities of AAVE, staking and governance, as well as critical project information via an app like interface on the tokens themselves allowing holders to stay up to date and execute governance functions in the places they spend their time most (wallets, marketplaces, twitter, farcaster, telegram)
By turning the AAVE token into a token app (tapp) holders can easily experience and initiate the following functions directly through the AAVE in their wallet:
- View and vote on proposals
- View the status of delegation
- Update the delegation
VALUE TO AAVE
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Increased accessibility: By allowing the tokens to be accessible in multiple environments for every holder of AAVE, the key functionalities for the token are exposed natively.
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Increased transparency: Through presenting the information to broader audience, and also providing a view on how the delegate performed, there is greater transparency to how the utility rights are used.
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Increased participation: Providing increased accessibility and transparency, will lead to increased participation from the broader community
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Support next generation of application: Tapps and interactive tokens is an emerging concept, like xNFT and dynamic NFTs. Adoption by educated and active community like Aave would help community to explore and build better experiences for using token in Web3.
PROJECT IMPLEMENTATION PLAN
Key Deliverables
- Working AAVE tapp that allows AAVE holders to do the agreed functionalities from the token. The current candidates for the key functions are:
- View and vote proposals
- View the status of delegation
- Update the delegation
- AAVE Tokenscript file
- ERC-7738 support for AAVE
Beyond the first phase, more functionalities or information can be added to the tapp, considering feedback from the community.
Milestones
- Milestone 0 (Completed)
- UI Mock-ups of AAVE tapp
- Proposal submission
- Milestone 1
- Finish UI and interaction design
- Tapp architecture design
- Infrastructure preparation
- Timeframe 1 week
- USD $1.5k
- Milestone 2
- Tapp arch design
- Infrastructure preparation
- Timeframe 1 week
- USD $1.5k
- Milestone 3
- Tapp testing
- Tapp deployment
- Tapp registering (ERC7738)
- Timeframe 1 week
- USD $2k
The project can be completed in 3 weeks time frame.
The success of this grant can be measured in two ways.
- Completion: The project once kicked-off, will be implemented in 3 weeks. This is a milestone that can be clearly measured.
- Usage: Once implemented, the usage of AAVE tapp can be measured and shared through a dashboard, that can also measure the number of transactions that have been initiated through the tapp.
FUNDING REQUEST
5000 USD funding requested.
The budget would be used to partially fund the efforts to create the tapp for AAVE, by the team based in Australia. The main efforts include:
- UI Designing and Interactive design: (40 Hours)
- Solution Design and Architecture: (20 Hours)
- TokenScript Development: (40 Hours)
- Testing: (24 Hours)
ADDITIONAL INFORMATION
Website: smartlayer.network
GitHub: Smart Token Labs ยท GitHub
Twitter: x.com/smartlayer
Discord: Smart Layer
Successful Tapp Examples: https://resources.smartlayer.network/files/Tapp%20Live%20Examples.pdf