Funding Proposal: Bug Fix in Honeyswap Info Dashboard

🌿 Proposals
#1

Funding Proposal: Bug Fix in Honeyswap Info Dashboard

Proposal Information

This proposal requests funding to fix a critical bug preventing https://info.honeyswap.org/ from loading. Due to this issue, users cannot access essential liquidity and token data, which may lead them to withdraw liquidity from the platform, thereby impacting fee flow and the sustainability of the ecosystem.

Link proposal to support in Gardens V1

Bug Fix Responsible

Felipe, a 1Hive member since 2021, will be responsible for implementing the fix. With extensive experience in projects like Honeyswap, Gardens, Celeste, Quests, and Marquee, Felipe has the necessary expertise to resolve the issue efficiently and securely.

Justification

  • Restoring Access to Information: Fixing the bug will allow users to access critical liquidity and token data again, ensuring informed decision-making.
  • Preserving Liquidity and Fee Flow: Ensuring the dashboard functions correctly is crucial to prevent users from withdrawing liquidity due to a lack of accessible data.
  • Strengthening Trust and Transparency: Resolving this issue reinforces 1Hive’s commitment to reliability and transparency, maintaining community confidence.
  • Economic Impact: According to DefiLlama, Honeyswap currently brings in approximately $40-50k in annual revenue (DefiLlama). Maintaining a fully operational dashboard is essential not only for user transparency but also for sustaining this revenue stream.

Technical Analysis and Proposed Fix

  • Subgraph Service Failure: The subgraph, which supplies the dashboard with liquidity and token data, is not functioning properly.
  • Deployment Challenges: Issues with the package manager on Vercel have led to deployment failures and inconsistencies.
  • Other Deployment Issues: Any additional issues related to the platform deployment will be addressed to ensure seamless operation.

Funding Information

  • Requested Amount: Approximately 170 HNY (~$1,000, based on a $5.90 per HNY redemption rate)
    • $385k USD value of Council Safe on Gnosis Chain
    • 65,095 total supply of Honey
    • $5.90 redemption price of Honey * 170 HNY (rounded down to $1k)
  • Source of Funds: The amount will be sourced from the treasury through redemption, ensuring proper allocation without impacting long-term reserves.
  • Ethereum Address for Fund Transfer: 0x2F9e113434aeBDd70bB99cB6505e1F726C578D6d

Timeline and Execution

  1. Day 1: Investigate and diagnose subgraph and deployment issues.
  2. Day 2-3: Implement fixes for subgraph service and resolve package manager issues on Vercel.
  3. Day 4: Address any additional deployment-related issues.
  4. Day 5-7: Conduct rigorous testing and deploy the final update.

Note that, I already started the fixing and got blocked by the package manager issue and will resume the work after the proposal get accepted.

1 Like