C14 - dApp Staking Application

Hello there!

C14 is the only native lending protocol on Astar zkEVM. C14 provides a venue for users to generate interests from their unused crypto assets.

A few months ago, the core team begged me in a DM not to distribute the rewards from dapp staking to the community. I am curious about their comments on distributing 100% of the rewards to the community now.

Currently, all projects except us are distributing their rewards. The strange part is that we have more transactions than Yoki.

If you wish, I can share all the screenshots of the messages sent to me via DM on Twitter. Thank you.

Dapp staking is for development, not for distributing rewards.

Additionally, I am against the same team creating dozens of projects and having different dapp staking pools!

Who are these people and why are they receiving support? If we look transparently, is the founding team the Astar core team?

Why are the teams of Bluez, Astrid Dao, and now this project similar and anonymous?

In that case, I should apply for three dapp staking projects as well. Be a bit more transparent!

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1 dapp per team makes sense, right? :sweat_smile:

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If I do the same thing for ZkStrike and Firolauss, it would cause a huge commotion. This is the third Dapp staking application submitted by the same team.

Iā€™m sorry, but my community and I will be strict about this.

The operation and health of Astar Network are more important to me. For now, I am just keeping quiet and waiting for the voting time.

I wish you a good day.
@ERC20s

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I can say on the record, this is not Astar core team!
We have been working closely with the team for many times and they helped us a lot by building missing infra in our ecosystem, for example NFT APIā€™s for ERC721 and ERC1155

Does this mean that they can apply for a dApp staking pool for every project they do, Maarten?

Iā€™m sorry, but I donā€™t believe in rhetoric; I believe in reality and transparency. I know Astar Network as well as you do.

Letā€™s say weā€™ve somehow proven that the issue is not with the Astar core team, but whatā€™s important to me here is the future and freedom of the projects within the Astar Network. Iā€™m sorry, but while many projects can barely reach Tier 2-3, allowing a single team to apply for a third dApp would create confusion.

In that case, should I also apply for three dApp staking pools and split my ASTR amount into three? Each with at least 100 million ASTR. How logical is that?

I respect you, but you also know that I care about Astar Network at least as much as you do. Iā€™m sorry, but I will take an active role in this dApp staking vote. I wonā€™t let other projectsā€™ rights be overlooked.

@Maarten

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Just saying that they are not core team and that I liked the dev contributions they did to improve our infrastructure by developing those NFT APIs. Thats all :slight_smile:

Our goal in distributing 100% of dApp staking rewards is to enhance liquidity on Astar zkEVM and fortify the ecosystem, benefiting all participants. Specifically, we use these rewards to increase the APR of our lending protocol, a strategy that goes beyond merely attracting stakers.

Itā€™s also important to recognize the development overlap between Bluez and AstridDAO. Viewing Astar Portal as akin to an App Store for the Astar ecosystem, itā€™s logical to list Gmail and Chrome separately, despite both being developed by Google, as they serve distinct user bases.

Regarding our teamā€™s anonymity, this decision is based on compliance requirements in various jurisdictions. Over the past two years, we have dedicated ourselves to developing key components for Astar without any financial support from the treasury or through token salesā€”making our contributions unique alongside the core team. Weā€™ve also been present at numerous offline events, and further investigation can reveal more about our involvement. We believe itā€™s unjust to overlook these efforts and commitments.

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Matt truly respects and loves you.

However, I donā€™t think itā€™s logical for the same teams to apply to multiple dapp staking pools.

Nevertheless, thank you for this nuanced discussion.

Best regards,
Leo

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Thank you, Matt, for this proposal and your continuous contributions to Astar. I remember you have the Bluz NFT project as a dApp in Astar; is this proposal related to that project? Regarding the RWA (Real-World Assets) aspect, I think it is unique to Astar, but there are challenges such as regulatory issues with RWA. Do you have a plan to address these? I assume it would require significant costs. Would the dApp staking rewards be sufficient to support this part?

Hey DrCao,

as I wrote in this message with theis example ā€œAstar Portal is like an App Store for Astar, so it makes sense to list Gmail and Chrome separately because they cater to different users, even though Google developed both.ā€: C14 - dApp Staking Application - #28 by Matt

For the second question, I replied to Vangardem: C14 - dApp Staking Application - #12 by Matt

  1. The compliance check pertains to the issuance side, not the lending/borrowing side. The tokens involved are standard ERC20 tokens, freely usable within our protocol.
  2. The issuance entity is not C14.

Also we will be using 100% of the rewards ONLY to enhance liquidity on Astar zkEVM and fortify the ecosystem, benefiting all participants. Specifically, we use these rewards to increase the APR of our lending protocol, a strategy that goes beyond merely attracting stakers.

Thank you for your questions!

I see no problem with multiple listings even if the teams are the same, as long as they are separate as dApps. However, it is up to the developer to decide if that is okay because of course that divides the resources (and as you pointed out, conflicts).

This is similar to an individual starting multiple companies.
If you want to consolidate the user base, you might as well release them as separate functions of one project and dApp Staking into one. But this time, even though the operations are the same, they are being released as completely separate projects. Each has its own advantages and disadvantages, it is a choice.

Developers can either combine several product together to create a strong user base, as Neurolaunche does, or developers can separate them, as they do.

Also, one could say that the listings could be divided to separate the use of revenue from dApp Staking for each business according to their respective user base.

Well, the final decision will be made by vote.

By the way, I think each of us should do what we want with our rewards, and if giving them out to staker or user is good marketing, thatā€™s fine. However, I donā€™t think it makes sense to just give them away. This is also ultimately the decision of the Staker.

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As long C14 not becoming Starlay, I will support this proposal.

Iā€™m not against the team who proposed multiple proposals as long it is entirely different projects eventhough it is in the same sector (which is DeFi, in this case c14 and AstridDao on L1)

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I agree with both @you425 and @souleater.
Especially about the point ā€œThis is similar to an individual starting multiple companies., I indeed thought so. I knew that @Matt is handling multiple projects, and I often see that he is seriously facing each one. Therefore, I would like to support the uniqueness of this project.

Furthermore, there are many insightful perspectives in everyoneā€™s comments, so I hope you will consider incorporating the parts that can be referenced.

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I support you, @Matt! Iā€™ve seen your contributions and actions and your effort really shows.

Iā€™m glad you put it this way:

Thatā€™s exactly how I see dApp staking, as a dApp store, which makes sense to me.

Thank you very much, the proposal looks very interesting. If I may ask some additional questions:

  1. RWA (real-world assets) seems to be a current trend. In the worst case scenario where this cannot sustain itself long-term, similar to the Metaverse, what contingency plans does the team have?

  2. What are the target user numbers you are aiming for?

Hello BoomBLB!

To your questions:

  1. Lending based on crypto assets like ASTR, vASTR, BTC, ETH and etc. will always be C14ā€™s main business.

  2. We do not have a target user number since it heavily depends on Astar zkEVMā€™s growth plan. We aim to become the No.1 lending on Astar zkEVM.

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Voting for C14 dApp Staking is open on Townhall :

Please vote wisely! :ballot_box:

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Thank you so much for your feedback =)

Hello Matt

I agree with Leo.

I donā€™t understand why do you need to be listed as C14, you are already listed as SIO2.

2 apps for the same use case and you didnā€™t succeed to finish the first project. We are still waiting for TGE of SIO2.

Maybe you could considering to make a proposal to unlist SIO2 ?