BIP#78: Funding for Development Budget for 2025

Overview

The BendDAO protocol has been running safely for more than 3 years, supporting lending of multiple assets such as ERC20 and ERC721. The development team continues to listen to community feedback and continues to optimize and enhance the protocol.

Summary

The proposal seeks approval for a development budget to cover development costs for BendDAO, including:

• Optimizing current running protocols and fixing issues.

• Listing new ERC20 & ERC721 assets.

• Deploying BendDAO ApeStaking on ApeChain.

• Deploying BendDAO protocol into more blockchains.

• Developing AI Agents & LLMs products related to Web3.

• Integrating with third-party RWA & PayFi products.

BendDAO Treasury allocates $150,000 to support the development of subsequent enhancements to the running protocol and new product development.

Proposed Budget

The estimated budget is $150,000. This budget covers:

• Staff Salaries. E.g. Smart contracts, Front-end and Back-end development.

• Protocols Operation Cost for V1 & V2. E.g. Servers cost, Deployment gas cost.

• Marketing Activities with Partners.

Voting

Voting Quorum: Approximately 42.2M veBEND (10% of the total supply).

Pass Rate: Over 70% approval.

The voting will last for 7 days.