Herewith I’m applying for the Waves DAO funding on behalf of my project Puzzle. We are applying for a 0.1 WAVES vesting per block in exchange for PUZZLE tokens.
Puzzle Network is one of the oldest projects on the Waves blockchain with a sustainable protocol revenue model and tokenomics, proved by time. As of the moment of writing, Puzzle Swap and Puzzle Lend combined have 2.5m USD in TVL, which makes Puzzle the second project by TVL on Waves, after Neutrino.
The attracted funds will be used to implement Puzzle’s roadmap for the next 6 months. The goal of this roadmap is to secure Puzzle’s role in “New Waves” establishment and valuable share in ecosystem TVL.
First PUPs in Waves DAO
Axly market launch
sTokens launch on Puzzle Lend
UI bugs massive fix
Pluto protocol relaunch
You can learn more about Puzzle roadmap in a full article.
The proposed vesting conditions are:
- Waves DAO vests 0.1 WAVES per block to Puzzle’s team account (totalling 4320 WAVES per month)
- in exchange, once in a month Puzzle team sends PUZZLE tokens back at a market rate
- by default, this agreement works till the end of December, although it can be terminated by a wish of any side or extended, if the tokens exchange proves its long-term sustainability
This proposal is a big step for Puzzle project, which has never asked for external funds before, besides previous after-hack proposal, which has already been successfully used to recover 50% of the debt accruing after Puzzle Lend hack in May 2023.
I believe that this is a good investment opportunity for the Waves DAO, because Puzzle, unlike the most other projects, is proposing a sustainable, high-liquid and established token in exchange for funding.