Dear Lido Finance Governance Community,
We are excited to present a proposal for a strategic partnership between IRONBALL.xyz and Lido Finance that aims to leverage Lido Finance’s stETH to create a sustainable, innovative fundraising model for charities, creators, and businesses. By integrating Lido’s stETH, IRONBALL.xyz will enable these organizations to generate ongoing income through yield, offering a safe and impactful way for supporters to lock their funds into NFTs, earn interest, and help fund projects they care about.
What is IRONBALL.xyz?
IRONBALL.xyz is a platform that enables charities, creators, and businesses to raise sustainable income by allowing supporters to lock their funds into NFTs that generate yield over time. The funds are staked using Lido Finance’s stETH, and the yield generated is directed to the organizations raising funds. This creates a no-loss donation model, where supporters can get their funds back after a specified period, while the organizations receive the earned interest, ensuring long-term financial support.
Partnership Goals
Our goal is to integrate Lido Finance’s stETH into IRONBALL.xyz as a key feature to help charities, creators, and businesses tap into the growing DeFi ecosystem. We aim to raise awareness, engage the community, and grow IRONBALL.xyz while increasing the adoption of Lido Finance’s stETH.
To make this possible, we are seeking Lido Finance’s support through co-marketing initiatives, incentive programs, and strategic outreach efforts.
What We Expect to Achieve in the Set Timeframe (6 Months)
In the next 6 months, we expect to achieve the following:
- Smart Contract Audit: A comprehensive audit of our smart contracts to ensure the security and reliability of the platform, which is essential before scaling the project.
- Platform Growth: Onboard 10-15 charities, creators, and businesses, helping them set up NFT collections to raise sustainable income through stETH-powered yield.
- Increased Adoption of stETH: Increase the usage of Lido’s stETH in the fundraising space, driving new users to the platform who will lock their stETH to generate yield for supported projects.
- Co-Marketing Success: Collaborate with Lido Finance on joint marketing campaigns to increase platform visibility, reaching 10,000+ potential users and increasing registrations by 30%.
- Optimized Platform Features: Continue refining the platform’s features, particularly focusing on the cross-chain minting process to ensure smooth user experience across Ethereum and Arbitrum.
- Engagement and Visibility: Host 1 AMA session and 2-3 speaking engagements/podcasts to promote the partnership and raise awareness about the platform and Lido Finance’s stETH.
- Onboarding and Expansion: Onboard 10-15 more charities, creators, and businesses, further increasing the platform’s adoption and engagement.
How We Plan to Achieve This
To achieve these goals, we propose the following partnership support from Lido Finance:
- Co-Marketing Collaboration: We would like to co-create marketing campaigns, including joint social media posts, blog articles, and email campaigns. Since IRONBALL.xyz has a limited marketing reach, Lido Finance’s support in promoting these campaigns across your channels will be invaluable in expanding our audience.
- Incentive Support (Grant): We are requesting a $120,000 grant for the audit, operations, marketing, and NFT collection setup for charities. This will be crucial in helping us scale the platform, improve features, and provide the resources necessary to onboard more organizations.
- AMA and Public Engagement: Hosting a joint AMA session and participating in 2-3 public speaking engagements/podcasts to spread the word about the partnership and its potential benefits.
- Ongoing Support: We ask for Lido Finance’s support in leveraging your platform and community to help onboard new users and increase awareness of IRONBALL.xyz’s unique fundraising model using stETH.
How We Will Track Milestones and Success
We will track the progress of each milestone using simple methods:
- Spreadsheet: We will log onboarding progress and collection statuses in a shared spreadsheet, tracking outreach, partnerships, and collection activity.
- Google Analytics: For co-marketing campaigns, we will track traffic, user behavior, and registrations through Google Analytics to measure the effectiveness of campaigns.
- Platform Database: Account creation, active collections, and user engagement will be tracked through our platform’s database to ensure the smooth execution of milestones.
What Happens After the Support Period Ends?
After the 6-month support period, we plan to evaluate the partnership’s success, assess user growth, and review the effectiveness of co-marketing and incentive programs. Based on the results, we will continue our efforts to grow the platform independently, with a focus on maintaining a self-sustaining model. Additionally, we will look into the possibility of introducing a governance token once the platform scales, allowing community members to participate in decision-making processes.
Conclusion
We are excited about the potential of a partnership with Lido Finance to help IRONBALL.xyz grow and scale. By integrating Lido’s stETH into our platform, we can drive adoption, provide ongoing financial support for charities, and create a sustainable fundraising ecosystem. We look forward to your support in making this vision a reality.
Thank you for considering this partnership & grant proposal, and we are happy to answer any questions you may have.
Best regards,
Elvin Li
Founder of IRONBALL.xyz
Web: https://ironball.xyz
Documentation: https://docs.ironball.xyz
Youtube: @ironball_xyz