Funding request for the Threshold USD front-end application development
AI summary
This proposal requests funding from the Threshold Network DAO to hire a front-end developer for the Threshold USD (thUSD) application. The developer, who has 5 years of experience and previously worked on ElasticDAO and Elasticswap, will work 6 hours a day, 5 days a week. Their responsibilities include designing the application's interface in Figma and developing the front-end using React and TypeScript to interact with the thUSD smart contracts.
If passed, the Threshold Network DAO will fund the development of the thUSD front-end, enabling the launch of this new stablecoin project. The developer will receive payment for their work, and the DAO benefits from the creation of a new product that uses TBTC as collateral and generates fees for the DAO. The specific dollar amount for the funding is not mentioned in the proposal body, so the financial impact on the treasury cannot be determined.
Voting results
Votes over time
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🐳 Whale votes
1 vote > 5% VPFull proposal
This proposal is for the Threshold Network DAO to fund the front-end development of the Threshold USD application.
Project Background
ThresholdUSD is a project that was proposed by Agoristen, whose main principle is to be a fork of Liquity with some crucial differences, well summarized by Ben Longstaff’s proposal, reproduced here:
- No governance token.
- Fees accruing as Protocol Controlled Value for the Threshold Network DAO.
- Accepts TBTC as collateral.
- Interest ra…