The Fund Protocol

Description:

I’ve been a crypto hobbyist since 2017 and have enjoyed seeing the industry evolve. After observing the latest developments, I decided to take some time to pursue a startup in the field. My co-founder and I realized that the cryptocurrency industry is at a positive turning point, with new institutional adoption and legal clarity improving the industry. Yet, many people still don’t understand how to invest in crypto, or even utilize the DeFi protocols that run on top of it. The Fund Protocol was developed to help bridge this gap.

The idea behind The Fund Protocol was to crowdsource investment decisions from those at the forefront of the cryptocurrency industry. These users would be able to submit their investment ideas in the form of a proposal, which can be any on-chain transaction with a justification. An example of a proposal could be: a token swap via Uniswap or a deposit in a Morpho vault. Individuals with sound ideas and research would have their proposals enacted via a vote by the community-elected stake-bounded governors. Should a proposal pass, the fund would rebalance accordingly for all the investors. As an incentive for their work, proposals accepted by the protocol would pay out the corresponding proposer as part of the fund fee. Governors would also be paid for their work. Our first prototype can be seen below:

During our development process, we submitted our idea to Coinbase’s Code NYC event and were chosen to participate. It was truly an incredible experience meeting so many other early founders and entrepreneurs in the industry, and it showed me what it meant to be an entrepreneur. Additionally, I acquired many entrepreneurial skills through this project, including developing a Go-to-Market strategy, creating a pitch deck, evaluating the competition, and understanding how our product would fit into the cryptocurrency market.