Thread by @ZeMariaMacedo

At Delphi Labs, we have a long list of ideas we'd like to build, but we're limited by time and focus

With this in mind, we've put together a list of 6 ideas we'd like to see built on @terra_money

We'll be organising the second Delphi hackathon soon where we'll encourage builders to explore these and other ideas

In the meantime, if you're a skilled builder with SC experience looking to pursue any of these, reach out as Labs is interested in funding + incubating you

1. Margin trading

Margin trading on-chain is inefficient since credit protocols only allow you to borrow less than what you put in, meaning leverage is limited at <2x

@mars_protocol's SC lending changes this, by allowing higher leverage for whitelisted SC use cases

A margin trading application built on top of Mars would allow users to use certain pre-defined assets as collateral in order to go leveraged long or short

Long: Borrows UST, buys more of the asset on Astroport
Short: Borrows some asset, sells it on Astroport

Both the collateral and the debt would be tracked by the smart contract, which would also include risk parameters and liquidation logic

The architecture is very similar to that of leveraged yield farming except the collateral is spot assets rather than LP shares

2. Cross-margin credit accounts (i.e. similar to @GearboxProtocol on Terra)

Once margin trading and leveraged yield farming both exist, the obvious next step is to combine them into a single product

You can think of it as the decentralised FTX product mentioned here

https://twitter.com/ZeMariaMacedo/status/1490714383240073217

The idea is simple

Create a credit account and deposit X UST as collateral.

Borrow 3-5X UST which you can use to interact with whitelisted applications / tokens (e.g. buying certain tokens on @astroport_fi, depositing in @ApolloDAO vaults or @NexusProtocol strategies)

The credit account SC would calculate a health factor taking into account the riskiness of the user's various assets and strategies

It'd enforce an account-wide LTV + margin threshold which if breached would allow liquidators to liquidate any of a user's collateral

This is an end-game crypto product experience, allowing users to have access to CEX like cross-margin experiences with the added benefit of incorporating farming strategies

Think about using your high-yield mAsset LP strategies as collateral for your degen LUNA long

3. Off-chain voting (i.e. @SnapshotLabs on Terra)

Off-chain governance (similar to @SnapshotLabs) would use digital signatures to verify voting results without requiring participants to spend gas on transactions, reducing friction for gov participation

4. NFT Aggregator (i.e. @geniexyz on Terra)

Terra's NFT scene is thriving with multiple NFT marketplaces including @randomearth_io , @knowhere_art , @ProtocolTalis and many others

While competition is great, it does make UX challenging as users must browse through each one to find what they want

Instead, it'd be ideal if there was a platform that aggregated all existing marketplaces and allowed users to easily browse and buy NFTs from their favourite collections across all of them

This could also include features like:
- batch buying/selling for time and gas efficiency
- optimal routing for users who simply want to "sweep the floor" on a given collection
- batch listing, allowing sellers to list across all marketplaces

5. Prediction markets

Prediction markets are one of the OG blockchain use cases. While we're skeptical of the peer-to-peer model, we'd love to see someone build a peer-to-pool betting protocol focused around a specific niche (i.e. Synthetix for betting)

https://twitter.com/ZeMariaMacedo/status/1413449600329945088

6. NFT Fractionalisation (i.e. @fractional_art)

Fractionalising NFTs into fungible CW20s. This would democratise access to high-value NFTs (e.g. super rare GPs) by allowing anyone to gain exposure by buying fractions of an NFT or portfolio of NFTs

If you're a skilled dev/builder interested in pursuing any of these ideas, DMs are open

Regardless of whether we end up investing/incubating, happy to discuss designs and help scope out your ideas

Let's BUIDL the futur of france together 🤝🌕