Announcing $BUILD Finance

There are so many ideas in DeFi that desperately need to get built, yet nobody is working on them.

Why isn’t there a DAO which actively incentivizes the development of new projects by rewarding builders with tokens? This is our attempt to start it.

BUILD Finance is a decentralized venture builder.

According to Google, venture builders are organizations dedicated to systematically producing new companies, which they help grow and succeed. There are five core activities in which venture builders engage: identifying business ideas, building teams, finding capital, helping govern or manage the ventures and providing shared services.

This fits the description of what $BUILD is about perfectly.

$BUILD token

The token gives holders voting rights and a claim over the treasury. The treasury should be used for developing new products that will contribute to the DeFi ecosystem and build revenue streams for the DAO.

$BUILD holders will decide which ideas should be executed by which teams and what share of funds should be allocated for building them.

Each project should use $BUILD as the governance token and direct all revenue stream back to the $BUILD treasury. The teams are not “external”. They are a part of the DAO.

$BUILD distribution

In the beginning, there will be a total of 100,000 $BUILD tokens. After the initial distribution, the community will vote on how many tokens should be minted for building the first projects.

To keep things simple, the owner address of the $BUILD contract has been set to a time-locked contract. Meaning that all changes can only be made with a 2-day delay. Eventually, the owner will be set to a governance contract with on-chain voting.

To farm $BUILD, buy BUILD first here, deposit WETH/BUILD (98/2) liquidity into the Balancer pool and stake your Balancer shares here. If Balancer shows “not enough liquidity” when buying BUILD, try inputting a smaller number.

$BUILD is an experiment

Only provide liquidity on $BUILD if you believe in the project. As of today, the token has literally zero monetary value. The only way $BUILD can gain value is if we, as a community, start building projects around it.

Projects to $BUILD

Insurance for ANY contract

The permission-less decentralized no-kyc insurance market for ALL contracts. Someone, please build this already. We need it now! NexusMutial only covers established popular contracts. Insurance is exactly most needed for new unproved contracts, not for something that hasn’t been hacked for 3 years and had 10 different audits.

Reputation-based lending

Reputation-based lending. This could start by covering only the inner crypto-twitter circle and slowly expand to a broader public. If you connect your Twitter, you’re known in the community and you have a reputation to maintain, it probably wouldn’t be great for you if you didn’t pay up your loans. Your reputation is the collateral. Many people have been talking about this for years and there is still nothing.

Collateral-based lending for ANY Uniswap asset

Fork Compound and allow anyone to create a new separate market for each token. Nobody will lend out their ETH if they don’t know what collateral will back the loans taken against it. But if each collateral has its own isolated market, lenders can decide which collaterals are allowed to back the loans. For example, I could choose to deposit my ETH and allow anyone to take out a loan using YAM, SUSHI, or YFI. And no, unfortunately, CREAM doesn’t solve it. It has a single market for all tokens, not isolated markets for each one.

Curve for any token, customized by the LPs

Permission-less CurveFactory where LPs can freely set the fee, number of tokens, amplification coefficient. The original idea discussed here.

Anything else

Projects don’t have to be limited only to the ideas presented here. Anyone can propose a new project, put it to a community vote, get approved, build it, and receive a generous grant of tokens.

To farm $BUILD, buy BUILD first here, deposit WETH/BUILD (98/2) liquidity into the Balancer pool and stake your Balancer shares here. If Balancer shows “not enough liquidity” when buying BUILD, try inputting a smaller number.

Let’s start building!

Decentralized venture builder https://twitter.com/finance_build

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