Instadapp Governace Proposal: Rabbithole Quest
Rabbithole (rabbithole.gg) is a crypto project created by Brian Flynn with a mission to onboard the next wave of Ethereum/DeFi users. The Rabbithole product has a couple components. There are “Projects”, “Quests”, and “Skills” for users who connect their Ethereum wallet to complete in order to gain XP. Projects include Uniswap, Compound, ENS, OpenSea, Aave, Superfluid, mStable, Perpetual, Yearn, Matcha, BrightID, and Gnosis. Previous “Quests” have been sponsored by the PoolTogether, ENS, and Uniswap teams/DAOs. While “Skills” are a combination of some of these projects such as “Identity” which is verifying your identity on BrightID and linking an ENS (.eth) name to your Ethereum wallet. The last quest was for Uniswap which included two tasks, one was to swap on Uniswap V3 and the other was to add liquidity to Uniswap V3. Any user who linked their wallet, completed BrightID verification (sybil resistant), and completed those two tasks were rewarded with 2 $UNI tokens and a NFT. Rabbithole will be launching a new quest for The Graph Network sometime in the near future but is always open to new “Quests”.
I propose the Instadapp Treasury/Community Growth Fund allocate 3,000 $INST to award 1,000 new Instadapp users who complete 3 Instadapp tasks through the Rabbithole app. Each verified user through BrightID who completes these 3 tasks within a given timeframe will receive 2 $INST and a NFT created by an Instadapp community member. Remaining 1,000 $INST will be given to Rabbithole team for building the Instadapp Quest, incorporating Instadapp into the “Projects” and “Skills” webpage.
The 3 tasks will be as follows:
Task 1: Create an Instadapp DSA v.2 smart contract wallet
Task 2: Migrate an existing MakerDAO, Compound, Aave V2 position OR create a new MakerDAO, Compound, Aave V2 position
Task 3: Add liquidity to the $INST Uniswap V3 Pool
This treasury allocation and community partnership will not only add 1000 new DSA v.2 accounts within a given timeframe (typically 1 week) but it will also create a dedicated page on the Rabbithole “Projects” webpage where Instadapp will get thousands of new Ethereum/DeFi users attention for years to come. This initiative will also create 1,000 new $INST holders and 1,000 more liquidity providers on Uniswap V3. I also expect Instadapp to be added to the “Asset Management” Skill on Rabbithole’s Skill webpage.
Instadapp Treasury/Community Growth Fund allocates 3,000 $INST to a multisig address which will be managed by 1 Rabbithole team members and 2 Instadapp team members to pay quest rewards and Rabbithole team payment.
Instadapp will gain a minimum of 1,000 new DSA v.2 accounts, $INST holders, and $INST LPs.
I am more than happy to reconfigure parameters such as $INST token allocation and the tasks to complete.
I have not yet reached out to the Rabbithole team but if there is enough interest in the vote below, I can open a line of communication.