Roadmap — MetFi DAO

MetFi DAO
5 min readOct 21, 2022

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This roadmap when executed will ensure that MetFi DAO becomes the sustainable, long-term ecosystem that we have all been working towards — and you won’t have to wait long to see it fully implemented.

We won’t stop there as future innovations are always being considered and evaluated and we are deeply committed to delivering on every commitment that has been made to date.

MetFi DAO is always thinking and planning well into the future whilst consistently and flawlessly delivering on its stated objectives and present-day commitments to the community.

Let’s take a quick look at where this road will take MetFi DAO in 4 months — enjoy the read and get excited as the best is yet to come!

October 2022

NFT Transfers Simplified

There are many different DeFi wallets to choose from and each of them has its unique step-by-step process for transferring an NFT to another wallet.

Rather than creating guides for all of them and keeping them all up to date, we thought it would be more user-friendly, safer, and efficient if we innovated, again.

We will simplify this process by adding a very user-friendly interface inside the DApp where you simply enter the address of the wallet that you want to transfer the NFT to and send it — similar to how our NFT gifting interface works today.

You will pay the standard BNB SmartChain network transaction fee and the treasury will receive a small additional fee for each transfer.

Publish Smart Contracts

All but one set of our smart contracts will be published and available on our GitHub and BSCscan.

The one set of smart contracts that will be withheld for now is not connected to the token or tokenomics in any way and anyone can confirm that these contracts work flawlessly by seeing them in action inside the DApp or by referring to the audit that Certik completed a few months ago.

The ONLY reason for withholding one set of smart contracts is that they contain an enormous amount of very complex intellectual property that took a lot of time to develop and it’s not in the best interests of the community to publish them at this time as it would allow a developer to more easily and quickly fork our entire protocol.

Development

Additional nodes will be deployed to deliver the best possible user experience at all times.

  • Standard nodes that make it easier to read, write and interact with BNB SmartChain;
  • Historical nodes that more efficiently deliver historical data such as statistics and transaction histories;
  • And Backup nodes for each of them when BNB SmartChain network-wide nodes are down or out of sync.

More developers will be added to the team if the DAO approves of this roadmap and wants to see all of it delivered within these timeframes.

A community governance vote will be posted soon to determine if this is the path that the DAO wants to pursue.

November 2022

Website & DApp Enhancements

Two redesigned websites with 3 different user-controlled DApp experiences tailored to what each particular user would expect to see and do in the DApp ensuring that each user experiences a clean and highly relevant dashboard tailored to their needs (see NFT Marketplace below for one such example).

Comprehensive and sophisticated charts and statistics including a treasury investment and expenditure tracker, complimented by NFT, earnings, liquidity, and trading statistics for the MFI token will also be deployed in the DApp.

All of these enhancements will be delivered in multiple languages to give more people around the world an accurate, native, enjoyable, and optimal experience when engaging with our platform and protocol.

December 2022

NFT Marketplace

Our multilingual marketplace will be inside the DApp and accessible via any DeFi-compatible wallet, including users that do not own a MetFi NFT.

Anyone will be able to safely and securely buy and sell MetFi NFTs, place an offer on any NFT, and accept the offer if they wish.

What sets this marketplace apart from any other BNB SmartChain marketplace is that all of the critical metadata that is embedded in each NFT, such as the amount of staked MFI will be visible to enable the buyer to make a more informed and transparent buying decision.

Any trading fees generated from these transactions will be sent to the community-owned treasury.

Videos & Documentation

Multiple educational and marketing videos and documents will be released, including an updated whitepaper with the updates contained in this roadmap with all of this content available in multiple languages.

January 2023

NFT Lending & Borrowing

A peer-to-peer, multilingual lending and borrowing interface will be deployed inside the DApp and accessible to anyone with a DeFi-compatible wallet.

NFT owners can use their NFT and staked MFI as collateral to borrow BUSD while BUSD holders will be able to earn interest for lending their BUSD to the NFT owner.

Loan repayments will be executed automatically and in the event of a loan default, the lender’s NFT may be sold, or the MFI may be unstaked and used to repay the lender and give the remaining balance to the borrower.

Treasury Timelock

All pending treasury transactions are already time locked. This dashboard will display all time-locked transactions so that there is full transparency for all DAO community members to see what assets are destined to leave the treasury and where and when they will be sent.

February 2023

Treasury Claims

NFT owners will be able to swap staked MFI for assets of projects that the treasury has invested in, enabling them to hold on to their NFT and keep enjoying all of the benefits that come with owning a MetFi NFT.

The MFI that is swapped will be burnt, reducing the supply of MFI and ensuring that the MetFi protocol is sustainable for the long term.

To be continued…

when this roadmap has been fully deployed in approximately 4 months!

Let us know in the comments below what you would like to see implemented in our next roadmap so that we can add it to the list of innovations that our community will seriously consider.

Official Links
Whitepaper: https://docs.metfi.io
Website: https://metfi.io
Twitter: https://twitter.com/MetFi_DAO
Telegram: https://t.me/MetFiChat
Discord: https://discord.gg/R7YqC5xVSW
Github: https://github.com/metfi
Medium: https://medium.com/@MetFi_DAO
METFI Contract: @0x3E7f1039896454B9cb27c53CC7383e1AB9D9512a

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