We (A10 Capital) are creating this signalling proposal for MantaDAO to allocate 500,000 MNTA (~$70k at current price) for the development and maintenance of a DAO Platform, tentatively named CORP Protocol. A10 Capital will be the chosen supplier for this development effort.
The protocol will utilise MantaDAOs DAO contracts and UI with additions including a factory smart contract & DAO directory & creation interface.
The functionality that we expect to bring to Kujira is as follows:
The ability for anyone to create a DAO on Kujira that can be controlled through a native Kujira denom.
The ability to create proposals and manage a treasury on Kujira.
Following CORP Protocol launch, we propose the creation of custom LP pools, to allow a trading market for all Kujira DAO tokens against MNTA.
DAOs can create a liquidity pool of <DAO_Token>/MNTA
Provide liquidity and integrate into MantaSwap, to allow for any token to be used to purchase their DAO token, via routing.
We expect the revenue generation model for MantaDAO to be:
Flat USK fee for DAO Creation direct to DAO Treasury
1% of all created DAO tokens to be sent to the MantaDAO treasury. For DAOs that obtain significant TVL and success, this can be paired with MNTAin an LP in order to obtain more POL for MantaDAO.
Enhanced MantaSwap fee volume on DAO Token trading.
CORP Protocol will also include a non-DAO Minter interface, allowing anyone to be able to create their own coin and provide liquidity into MantaSwap, for a fee.
Of the funding received, 100k is allocated to be distributed for development costs to A10 Capital involved team members, the remainder will look to be utilised in a manner that does not deliver selling pressure and does not present a risk to overwhelming governance. Primarily, A10 will use this for LP purposes and GHOST lending, should MNTA become a supported asset.
The MNTA will be distributed on a milestone based approach as follows:
Upfront - 100k MNTA
On testnet launch - 250k MNTA
On mainnet launch - 150k MNTA