Hi all, I’m trying something new, a Council of Elders Request for Proposals.
We would like to solicit proposals from you all to write a Kashi NMR Lending/Borrowing tutorial. To submit a “proposal” to this request, you would just have to respond in this thread as opposed to make a new proposal forum post in the suggested format.
What we would like: a Medium post, or a post on a similar platform, that can be widely distributed that explains in simple and clear steps how to 1) lend your NMR on Kashi and 2) how to borrow NMR on Kashi. It could be two separate posts if that is more clear as well.
The target audience for #1 would be holders of NMR that do not want to participate in the Numerai tournament, but want to get some returns on their holding by lending out their NMR. Lending NMR can be framed as a method for “staking on other participants” given that there is consistent demand for this feature on the forum and on RocketChat. The risks involved in lending, such as liquidation, should be briefly explained.
The target audience for #2 would be Numerai tournament participants that want to leverage or hedge their stake. Again the risks involved in borrowing should be explained.
Suggested proposed pay: The CoE is willing to pay up to 5 NMR for this effort. We would like the person that fulfills the proposal request to log their hours and would suggest $25/hour pay, approximately 6 hours of effort = $150 ~= 4.7 NMR. Before transferring the funds to the person who fulfills the proposal, the CoE will also request the opportunity to send over any suggested edits or additions.
How fulfilling the request for proposals will work: This is definitely a trial of Requests for Proposals so if you have suggestions for this part, please let us know! The first person that seriously states their intent to fulfill the proposal in this thread will then have the first rights to collecting the bounty. They will then have 3 days to finish the proposed work or the rights to collect the bounty will be passed on to the next person who then seriously states their intent to deliver.
The CoE has chatted about this already and agreed to the amount we’re willing to pay, but we’re not going to create any sort of contract to escrow the funds for something this size. We’ll simply transfer the funds from the multi-sig treasury after completion of the task.
I hope this sounds interesting to everyone! I would really love for there to be a mass distribution of these tutorials so that we can help create a robust lending market. I think there’s a lot of liquidity out there in the community that hasn’t heard about the Kashi pool yet or just isn’t confident enough to give it a shot. This could be a major development for NMR if we can collectively get this to take off! Thanks