Building a Creator Lending Pool with regenerative incentives on LTV

Staxe coordinates, structures, and tokenizes music and creative assets and sells these as NFTs for a share of their success. We work with artists, labels and music promoters to enable their economies on web3 and build their communities.

As an extension of its current offerings, Staxe is looking for ways to unlock the potential of DeFi liquidity for creators’ assets, while rewarding their audience’s environmental and social activities with better credit terms. This challenge aims to encompass ETHDublin’s 3 core tracks: Creative economy, DeFi and Social Impact

🏆 Prize Pool 💰

$1500 USDC (1st place winner team)

⚒️ The Challenge 👊

• NFTfi opps have been gaining ground in the NFT space. There is much potential to be unlocked from using creator assets represented as NFTs as collateral for access to DeFi liquidity

• Staxe is looking to take creative assets, such as music rights, art ownership, event tickets and more, on-chain. These tokenized assets can serve as Real World Assets in DeFi protocols as long as their intrinsic value is properly defined.

  The challenge aims to connect these dots: a dApp that:

  • Registers Real World Assets, such as copyright, royalties, event tickets
  • Tokenizes the value of these assets, with a standardized model for defining such value. The process to create the link between the intangible creator asset IRL vs. the digital asset is key
  • Considers a lending pool, where these tokenized assets can be deposited as collateral
  • Considers ****a DeFi liquidity provider as the liquiworkdity source for lending against the deposited collateral
  • Defines a Loan-To-Value model for how much will the dApp lend vs. the collateral’s value
  • Incentivizes Regenerative actions. Consider in the LTV model a framework for rewarding these actions with better LTV terms

• The following Product Map can be used as a reference design for the submission:

https://miro.com/app/board/uXjVMIgP2vg=/

• Regenerative Actions - refers to activities that generate a net positive impact on the environment and/or social causes. Please see https://www.ultragreen.money/ as a suggested framework for defining net positive impact. Music moves audiences. Audiences can be incentivized towards regenerative actions.

• Requirement: Deploy on Testnet (preferably Goerli)

  Some resources to help you with:

  • Staxe base code

  https://github.com/staxeio/staxe-contracts

  • Staxe Dapp V3: https://staxe.io/productions

• Requirement: please stick to EVM- compatible building blocks for this challenge, as we intend to take this multi-chain. Please do try to check best compatibility with judges for specific protocols that you have in mind implementing (ie uniswap, chainlink, etc)

• Showcase your open source project! Share with us (on your deliverable page) your git repo and any other updates/links you’d like to share regarding your deployment.

The Judging Criteria

Submissions will be evaluated by the ETHDublin judging team and according to the hackathon’s General Rules, Section 9

Qualification: submitted dApps must deploy be deployed on any Ethereum testnet, preferably Goerli