This mission request seeks the creation of a borrow/lend aggregator for all Superchain-based borrow/lend protocols. The hope is that this MR will help to further unify liquidity among Superchain based borrow/lend protocols, creating a cohesive ecosystem while assisting users to get the best rates for both borrowing and lending in the Superchain.
Should this Mission be fulfilled by one or multiple applicants?
One
How will this Mission Request help accomplish the above Intent?
The goal of the relevant intent to this mission is to get more developers building on the Superchain. By building this Superchain borrow/lend aggregator, we will inherently increase the number of developers building on the Superchain, while helping to more effectively unite Superchain liquidity.
What is required to execute this Mission Request?
A borrow/lend aggregator with live frontend that allows users with any ERC20 token on any OP Stack Chain to either supply or borrow against that token (if it is a collateral asset on a Superchain-based borrow/lend market) at the best rate available.
The platform must be integrated with all major borrow/lend protocols in the Superchain (Aave, Ionic, Moonwell, LayerBank, etc)
The platform must have an easy-to-use frontend that allows users to access these borrow/lend opportunities simply.
How should governance participants measure impact upon completion of this Mission?
Milestones
Development of aggregator logic and streams for best rates
Contract development / connections
Frontend development
Product shipped
Metrics
Amount of TVL working through the aggregator
Amount of borrows being handled via the aggregator
Impact
Growth of developers on the Superchain
Has anyone other than the proposer contributed to this Mission Request?
No
Which metric will the success of this Mission Request be evaluated against?
The North star metric against which this Mission Request should be evaluated is The North star metric against which this Mission Request should be evaluated is TVL as this Mission Request will result in TVL needed for this aggregator.
Hey I’m Mark and I work at the Foundation, I’m speaking on my own behalf.
@AnthiasLabs - Can we expand the scope of this mission request to be a general Superchain DeFi aggregator? Rather than a Borrow/Lend Aggregator, I propose the that we expand this scope so there is an interface that connects users to underlying DeFi applications on the Superchain so that a user can bridge, trade, LP, and lend/borrow all from a singular application interface.
The DapDap team has proposed to contribute to the Superchain ecosystem by building a unified platform that highlights its vision and fosters seamless interaction and accessibility across its diverse chains, across the diverse applications. The goal is to simplify user access to all included chains and apps, providing seamless navigation, asset management, and DeFi interactions—all within a user-friendly interface aligned with the Superchain’s vision.
This would be an ambitious offering that would attempt to be a mega defi app for the entire Superchain, leading to increased exploration across the entire Superchain.
A lending aggregator is something that we have been thinking of for a long time at Ionic. The vision of the OP stack interop protocol allows this to become a reality in a way that provides a seamless user experience that has not been possible before.
@0xmark the general aggregator idea is cool, but I think providing the best UX for lending/borrowing specifically is something that would take a bit of specialization from a team that understands lending very well.
We are supportive of this vision and we’re eager to execute on it as a Superchain public good!
Since this mission request is about to pass, as mentioned by @tynes above, I believe that for this mission request to succeed, it is pertinent for applicants to be familiar with the latest Interop developments. This can be considered a win-win for a project to scope their planning and launch in the most convenient way, while also providing valuable early feedback as app developers.
Hi guys Rizz here from Ionic. We are exploring this Mission Request in depth as it it very much aligned with our product vision, but we’d like to put forth a request to increase the OP allocation for this given the complexity and potential consequences of this for the ecosystem at large. This is no easy piece to build, bootstrap and maintain, yet has vast ramifications for the liquidity environment both if it fails and if it succeeds. The Mission Request allocation of 30,000OP is likely not sufficient for development of an advanced solution, thus we would like to propose an increase to 100,000OP to cover costs for engineering, UI development, auditing, marketing expenses, as well as user incentives for bootstrapping usage of the app once it’s in production. What are your thoughts on this? And keen to understand how the budget of 30,000OP was initially allocated as well (afair there was a higher allocation to associated with this request previously). Is it possible to hold a vote to increase the allocation to match the requirements? Thank you in advance.
Thanks for this request @Rizz – We are unfortunately out of budget to allocate for this season but will hopefully do this MR again next season with a higher budget if no one executes it this season at the current budget of 30k OP.
Thanks for your reply @AnthiasLabs.
Inefficient resource allocation/governance is so often the reason innovation stalls or doesn’t reach its full potential - a tale as old as time.
