Incentive Distribution Contract for Staking Pools

Overview

New staking pools suffer from the “cold start” problem, where there’s no inherent incentive for members to delegate to a pool that isn’t generating an APY while others are. If staking pool managers were able to add incentives to a distribution contract connected to their pool, they could show an APY in the Nexus Mutual UI, attract capital, and scale their staking pool shortly after launch.

Some background: Risk experts can launch their own staking pools, manage underwriting capital (i.e., NXM), and configure the parameters within their pool. If someone launches a public staking pool, they can accept delegations of staked NXM from other members who want to passively earn NXM rewards and allow a manager to allocate their capital within the staking pool.

Scope of the Grant

We’re looking for an individual or team to develop a smart contract that gives staking pool managers the ability to add token incentives to their pool. These incentives should be distributed to the individual NXM stakers who have allocated capital to this pool. The final deliverable should be production-ready code that can audited and connected to an individual staking pool.

Desired Outcome

This grant would help staking pool managers solve the cold start problem and help small, emerging syndicates attract NXM delegations to their pools. By attracting capital early on, pool managers can build their risk management businesses and have confidence in their go-to-market strategy.

Desired Qualifications

• Experienced Solidity developer
• Proven history of delivering quality production-ready code

How to Apply

Interested parties should visit the Nexus Mutual Grants Application to access the application form and detailed instructions.

For further details or questions, please contact:

• Telegram: BraveNewDeFi