Funding proposal: Honeyswap Swarm - deployment on zkSync Era mainnet, marketing and partnerships
Proposal Link:
https://gardensdao.eth.limo/#/xdai/garden/0x8ccbeab14b5ac4a431fffc39f4bec4089020a155/proposal/160
Proposal Description:
This proposal is requesting 800 HNY to fund the Honeyswap Swarm which was created with the goal of deploying Honeyswap on the zkSync Era mainnet. We’re excited to announce that the deployment is near completion, and we are requesting funding to reimburse the work completed on testnet so far and to fund the remaining work required to launch on mainnet. Additionally, a portion of the funding will be allocated to marketing and partnerships to help grow liquidity and volume on the new network post-launch.
Goals:
- Honeyswap deployed on the zkSync Era mainnet successfully - no rugs no bugs.
- Liquidity reaching $10 million by the end of 2023.
- Transaction volume reaching $10 million by the end of 2023.
- Positive user feedback and engagement on the platform.
Budget breakdown:
We are requesting 800 HNY from the 1Hive Common Pool to cover the following expenses:
- Reimbursement for the work completed so far - $6,750* (~500 HNY) - view contributor activity in Notion
- Remaining development work required for deployment
- Marketing - launch announcements and ongoing communications
- Partnerships/growth - building Honeyswap liquidity post-launch through a shared liquidity program and through our existing community and DAO friends.
- Support and onboarding for zksync Honeyswap users in discord.
*Payments for Felipe’s work will be partially funded through an OTC swap for xDAI from the Treasury Swarm Safe.
Timeline:
We expect the deployment of Honeyswap on zkSync Era mainnet to be completed within 30 days of this proposal passing. Marketing and partnership initiatives will continue through the 30 following days.
Proposal Rationale
We believe the zksync era community will appreciate a long-standing DEX with a good reputation like Honeyswap on their network. With the Honeyswap team’s extensive experience and connetions in DeFi and web3, we believe we have enormous potential to become a trusted and leading decentralized exchange on zkSync Era mainnet.
We hope to be able to use momentum and revenue from this launch to fund ongoing work for Honeyswap across all networks after this launch.
We appreciate the support of the 1Hive community and hope to continue working together towards the success of Honeyswap!
Expected duration or delivery date (if applicable):
Within 30 days of this proposal passing.
Team Information (For Funding Proposals)
Names, usernames, and/or relevant social links for team members (Twitter, Github, 1Hive Forum, etc.):
@kamikazebr
@Gossman123
@rperez89
@tiagoagm
@paul
@D0SH
@mrtdlgc
@DogeKing
@solarmkd
@ZER8
Skills and previous experience in related or similar work:
The swarm members are all long-time active members of 1Hive familiar with experience across development, growth, marketing, partnerships, and DEX operations.
Funding Information (For Funding Proposals)
Amount of HNY requested:
800 HNY
Ethereum address where funds shall be transferred:
0x51b898C499f09Aa16C6bedA65041A7A2efc8725C
4 of 10 Gnosis Safe
More detailed description of how funds will be handled and used:
Funds will be managed by Gnosis Safe to compensate previous work @ $50/hour and fund future work at rates agreed by the swarm.