Hey everyone ☀️
Can you feel that green acid 🟢 running through your veins?
It’s the FRAKT Alpha kick.
LFG!
(Previous weekly update is available here)
Highlevel retroplaning
Below is a TL;DR of our short term roadmap
Done
✅ Gov proposal for Banx extra mint approved in April
✅ 2,450 Presales sold for 24,500 SOL in just a few weeks
17,150 SOL deployed as yield generating Protocol Owned Liquidiy
4,900 SOL sold for USDC runway
2,450 SOL provisioned for guaranteed post mint liquidity
✅ New app navigation
✅ More efficient Offers (place offers in SOL or as percentage of floor with option to set a max amount on floor based offers)
✅ New app landing page (dashboard)
✅ New “Lite mode” UI for borrowers
Ongoing
🔥 Fraktlisting leaderboard competition to win BANX WLs and NFTs
🔥 New “Lite mode” UI for lenders
🔥 Refinancing loans, Notifi integration, Strategies out of beta, BNPL,…
🔥 Optimisations (History, Activity feed, …)
🔥 Start of our long term referal program. Everyone will be able to become a FRAKT ambassador (with its own ref code to refer as many people he can in order to earn 25% of the protocol fees spent by his referees, forever)
In Q2 2023
⏳ Banx Mint (We can’t wait but want to be 100% ready)
⏳ Banx Adventures = gamified staking to receive revenue sharing
⏳ New “pro mode” UI for both borrowers & lenders
⏳ New protocol related utilities for Banx stakers (cashbacks, …) 👀
⏳ Focus on growing amount of protocol users
Short-term priorities
- Everything related to the Mint (see above)
- Loan terms competitiveness
- Protocol competitive advantages (bulk loans, loans fungibility, terms flexibility, …)
- User experience: we are nonstop focused on improving UX/UI so our app becomes the most intuitive, competitive, fast and reliable NFT lending protocol on any chain
🥳 Lite mode = speed & simplicity (less choices)
🧠 Pro mode = speed & customisation (more choices)
Growth Strategy
- Capitalise on BANX mint as much as possible (to boost awareness, reach, …)
- BANX public mint will happen on a strong launchpad for max exposure
- Convert as many BANX holders into protocol users
- Leverage Protocol Owned Liquidity to boost protocol volume
- Ensure our Bonds are properly integrated in all major loans aggregators
- Incentivise / enable all holders to become ambassadors of FRAKT via referral codes and aligned interest (100% rev sharing going to stakers,…)
Marketing
Twitter space
With the Famous Foxes ft. Draxxt
Strategic partnership
Solana Heroes
We kicked off our ‘Solana Heroes’ series
Frakt wouldn’t be possible without Solana, and Solana wouldn’t be what it is today without these people
We’ll be creating curated Banx for individuals that push our ecosystem forward!
Banx sneak peaks
Education
We continue educating & onboarding more users to Bonds, the most flexible, scalable and composable lending product on any chain
