Challenges
0x Labs: Build Token Swaps with 0x Swap API
This project is feasible with real world use cases. The token swaps are an integral part of the FIGHT CLUB App.
Launch a real-world lending use case on Huma
Our use case address the large Real-World entertainment industry, particularly sports entertainment, that is over $250 Billion in revenue each year.
Deploy your smart contract on Scroll
We deployed on Scroll as outlined in the bounty description.
Build on Base 🔵
We build a dApp for DAOs to lend to traditional businesses and collaborate to make new markets.
Chainlink Functions
We used functions in our code for triggering events in the app.
Connect the world with Chainlink
Project uses Chainlink to make state changes on the blockchain.
Build Web3 Businesses at Scale
This project is ready to go live. We address one of the largest use cases in the world with Sports Entertainment and lending to companies that produce events. These can be anything from Debates, Esports, and Charities, to thing like the ETH Denver Event and Buidlathon.
Build new signal adapters
We have built a prototype using signal adapters. The app is used for DAOs to lend to qualified traditional businesses.
Unlock opportunities with Cross-Chain Transfer Protocol
This project includes a MVP and functional uses for DAOs to Lend to traditional business. And for users to interact with the markets that are made by event producers such as Sports, Debates, and Charity Events.
#BUIDLathon 2023 DAOs + Community Track
We began by interviewing DAO members about how DAOs make money and work with the traditional business community. We found that daos want to work with businesses that are aligned with their mission. We found that daos want to use their treasuries wisely. So we built FIGHT CLUB tools to support daos collaboration with businesses and communities.
Project details
Project Fight Club - Aligning DAOs with Traditional Brick & Mortar Business
Team Fight Club created a lending facility and market creation tool with a built in model for DAO monetization.
"Prediction markets (information markets, decision markets, idea futures or event derivatives) are open markets where specific outcomes can be predicted using financial incentives." - Wikipedia
Fight Club prediction markets can include:
DebatesEsportsCharity EventsAnd more
HOW DO DAOS MAKE MONEY TODAY?
We interviewed dozens of DAO members and leaders about how they earn revenue and what their struggles are. Many DAOs today are lead by volunteers and make little revenue. Some DAOs are more focused on revenue and want to earn with their Treasury and grow their products in new markets. In order to earn from treasury, DAOs need qualified borrowers and simple tools to manage lending and production of value.
DOAs Can Lend to Qualified Brick and Mortar Businesses!
Partnering with businesses that know how to be profitable is a great first step. In our project the lending facility is available for Event Producers. Events and Entertainment are profitable areas of the global economy, and often these businesses produce digital goods like video and media. They also produce the groundwork for Prediction Markets. The next cycle in web3 growth and is already happening. Entertainment combined with market-making results in some of the most consumed content in human history. Spectator Sports, Awards Shows, Charity Events, Etc.
WHAT DOES LENDING AND REVENUE GENERATION LOOK LIKE FOR DAOS AND BUSINESS?
We use the HUMA.Finance protocol to initialize our pool with the purpose of lending to Businesses that are aligned with our mission.When the pool is funded, qualified and whitelisted event producers can borrow at defined terms.Additionally, for events with prediction markets, the dApp borrows from the pool to create initial liquidity.
When markets resolve:
Borrowed funds are returned to the DAO pool.Fight club prediction markets are closed.Winning positions receive the staked collateral of the losing position.