PGP Proposal: Launch $PUSH liquidity Rewards Program on Nexter Finance (Prev Bhavish)

🌱 Push Grants Program (PGP) Proposals
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  1. What’s your name?

  • Shreedhar Shreenivasa

  1. Email address. Which will be used for official correspondence only. (No spam)

  • shreedhar@bhavish.xyz

  1. Project Name. (Project / Company / Group / DAO Name. (No special characters here please.))

  • Nexter Finance (Prev Bhavish Finance)

  1. About you and your team. (Intro and background of those involved. Please link twitter accounts and any other social channels that are relevant.)

a. Shreedhar Shreenivasa

Shreedhar has been working on various frontend and backend technologies for the past 10 years and brings in his expertise as a Data scientist and UI architect to combine Machine learning(ML) driven user experience. His past work in Uber involved using extensive data sets to prioritize UX and quickly analyze the impact of these user experiments.

Telegram Contact - @shreedhar_shreenivasa

b. Mahantesh Shadakshari

Mahantesh is a platform and backend developer, He is experienced in building Secure, Scalable, and Reusable products. Security, optimization, and scale are his core skill sets.

Telegram Contact - @mantihs

c. Krupa Sagar -

Krupa has 12 years of experience building production-ready software employing scalable architecture, distributed computing, microservices, test-driven development, cloud, and on-premise infrastructure.

Telegram Contact - hbksagar

d. Kacharla Bhargav -

Bhargav is a senior software developer with prior experience in Rakuten, OpenText, and Tata Consultancy Services and has a certified level of blockchain knowledge

Telegram Contact - kbhargav5

e. Sujith Anand -

Sujith leads the end-to-end design-related work. He has 7+ years of experience working in startups and multinational organizations such as IBM, Microsoft, and Datami. Also, he has finished two graduate programmes in Human-Computer Interaction and Advanced Computer Science in the United Kingdom and Europe.

Telegram Contact - SujithAnand

f. Shawn Pereira -

Shawn is a content creator with experience in content marketing, SEO optimization, and social media marketing. He has previously worked at Strip Finance, UNQ Club, InsideBitcoins, CoinSwitch Kuber, and Blockting.

Telegram Contact - Shawnpereira

g. Vinod S -

Vinod S specializes in the frontend web development with prior experience as an intern in Samsung Research Lab and Thinklink as well as being competent in Data Structures, Algorithms, Distributed systems and Computer networks.

Telegram Contact - VinodS

h. Mithila -

Mithila is a front-end developer with prior experience as an intern at Corvell Labs Pvt. Ltd. and successfully converted her role as a full time associate software engineer. She has hands-on experience in designing the UI.

Telegram Contact - Mithila

  1. Project TL;DR; (Quick pitch summarizing the proposal in a couple of sentences)

Bhavish TL;DR

Bhavish is a no-loss prediction protocol on Polygon and BNB Chain that allows users to predict crypto and commodity prices as well as real-world event outcomes. We are the first platform to offer prediction vaults, that generate returns on user deposits by executing automated prediction strategies. Our platform is set apart by its GameFi elements that reward users for their engagement on the platform along with the accuracy of predictions.

Proposal

We’d like to launch the next $PUSH staking program on Bhavish in a unique way that will not only add more token utility but also allow holders to earn passive income via staking. We want to execute this in two ways:

  • By adding $PUSH token support & market making functionality on Bhavish’s Classic Prediction Market on the Ethereum network

    • We’d like to add $PUSH token support to our classic prediction market, allowing $PUSH holders to predict on Bhavish. We’ll also enable market making for $PUSH in the classic market by offering a vault where holders can deposit $PUSH that will be used to predict on both sides of prediction rounds, therefore making a market for Bhavish. Vault depositors in return will earn APY based on Bhavish’s market making prediction algorithms.

  • By adding $PUSH token support & staking functionality on Bhavish’s No-loss Prediction Market on the Ethereum network

    • We’d also like to add $PUSH token support to our no-loss prediction market along with enabling the $PUSH staking program through our stake-to-earn model within the no-loss architecture. While users can stake $PUSH to earn staking rewards, they can utilize the game tokens obtained through staking to explore the Bhavish prediction market.

  1. Proposal Category

  • DeFi

  1. Project Overview (Describe the project in detail. What is the work that needs done and what’s potentially already finished? What’s the timeline for completion on the different tasks? How will the work be delegated among the team? What costs are involved?)

About Bhavish

Bhavish is a next-gen prediction protocol that offers capital-protected predictions. Users can predict using a lossless or lossy model on crypto, stock, commodity, sport and socio-political outcomes and earn rewards. Our platform is set apart by its GameFi elements that reward users for their engagement on the platform along with the accuracy of predictions.

We are among the few who have integrated play-and-earn elements into a prediction market system as well as automated prediction vaults. Moreover, we’re the first platform to allow multiple predictions in a single round, as well as betting in both directions for the ongoing round. Beyond that, we are amongst the few to tackle user experience and retention through our easy onboarding solutions, such as Magic Link, Transak, and social logins.

No-loss Predictions: Bhavish no-loss Predictions is a play-to-earn (P2E) model that allows you to explore Bhavish prediction market while protecting your capital. It is designed such that you first deposit $MATIC into the Bhavish deposit account and choose to receive the Bhavish No-Loss game tokens ($BGN). While your $MATIC deposit earns yields, you can use $BGN to explore Bhavish.

Even if you lose all $BGN in the prediction process, your initial $MATIC deposit is unaffected. Moreover, all of your lost $BGN amount can be reset after 7 days, allowing you to resume exploring Bhavish. This is not all there is to lossless. The second benefit of using this feature is the unlimited rewards potential it offers. While your initial $MATIC will earn APY rewards, winning on Bhavish can earn you huge rewards.

  • Bhavish Rewards No-loss Tokens ($BRN): $BRN is a no-loss reward token earned by exploring Bhavish with $BGN tokens. Simply put, for every correct prediction made with $BGN, you will be rewarded with $BRN tokens. These tokens can be claimed for $MATIC while withdrawing from Bhavish deposit account.

Bhavish Markets:

Crypto Market: Crypto Predictions on Bhavish allows users to predict the outcomes of various cryptocurrencies including ETH, BTC, and MATIC. The distinguishing feature is that users can predict many times in a single round along with betting on both sides in the same round. Users may predict on the platform using $BGN, as well as MATIC, USDT, USDC, and DAI.

Commodities Market: Commodities Predictions on Bhavish allows users to predict the outcomes of popular commodities like GOLD and SILVER. The distinguishing feature is that users can predict many times in a single round along with betting on both sides in the same round. Users may predict on the platform using $BGN as well as MATIC, USDT, USDC, and DAI.

Prediction Vaults: Bhavish’s prediction vaults automate predictions for users, allowing them to earn an APY on their $MATIC deposits. Users can pick between two strategies on crypto assets such as BTC, ETH, and MATIC. The strategies run automatically on the following assets’ prices and place predictions accordingly.

Quests: Bhavish Quests is a prediction market for real-time events. Users can make predictions on a wide range of real-world events, including, but not limited to, the FIFA World Cup, cricket matches, F1 racing, entertainment, business, and technology.

Our Accomplishments till Date:

  • We’ve graduated from BNB Chain EU Incubator Program
  • The first prediction market to launch a white label solution on QuickSwap.
  • 1200+ Daily Active Users (DAUs).
  • 1.5M predictions on platform.
  • 16M+ $MATIC prediction volume.
  • 195k+ $MATIC fee collected.
  • First to launch Prediction Vaults.
  • First to Launch No-loss Predictions.

Roadmap (Tasks to be Completed):

Q1 2023

  1. Seed fund raise
  2. Play-to-earn and Stake-and-earn model - Creating Utility for other tokens
  3. Launch mainnet on BNB chain

Q2 2023

  1. Launch mainnet on Hedera chain
  2. Launching a Native mobile app
  3. Launching a Notification engine
  4. Open sourcing SDK

Q3 2023

  1. Launching Ads platform
  2. Introducing Learn-to-earn model

Q4 2023

  1. Token launch

  2. Token listing

  3. Liquidity mining

  4. Launching Staking program

  5. Value Proposition to Push Protocol. (What are the benefits to the Push Protocol community for investing in this proposal?)

  • $PUSH token holders will get an additional utility for their tokens
    • Active holders can participate in Bhavish predictions using their $PUSH and earn huge rewards.
    • Passive holders can stake their $PUSH tokens using our stake-to-earn no-loss architecture to earn consistent passive income.
  • $PUSH staking rewards distribution will be handled by Bhavish, eliminating the hassle of distribution from the Push protocol.
  • Enabling Futures ($PUSH token price prediction) & predictions (Real world events) for $PUSH tokens will increase utilities for token holders.

  1. Funding Requested. (Figure should be in $PUSH tokens (calculate the amount of $PUSH tokens based on the exchange rate when you submit this form)

  • $86,000 (204,695 $PUSH)

  1. Milestones (These need to be specific, quantifiable, and a timeline bound for the completion of each step. Funding will be tied to the agreed-upon steps, the timeline set here, and the verification of the milestone goals. Tell us how much funding you need per milestone with a simple breakdown (if any) on how you plan to spend it.)

Milestone #1:

  • Support for $PUSH Token in Classic Market & Market making support on Ethereum 38,000 USD and 500000 self custodial PUSH Tokens.

  • End to end Development (Including contracts, frontend, deployment, white label solution) support for Push Token

    • Funding Ask: $20000 (47585 $PUSH tokens)

  • For Market making & enabling a unique way of distributing $PUSH token active holders

    • Funding Ask: 500000 $PUSH tokens

  • $PUSH token Maintenance and automated market making cost on a single chain - 18000 USD

    • Funding Ask: $18000 (42826 $PUSH tokens) - ($3000/month approx for 6 months)

  • Launching collaborative marketing campaigns

    • Funding Ask: $5000 (11897 $PUSH tokens)

Timeline: 4 weeks from date of Approval

Note: 2.5% fee (classic market) will go to Bhavish as protocol fees

Milestone #2:

Support for Push Protocol Token Staking & Capital Protected Prediction Market support on Ethereum (6 Weeks from Date of Approval) - 38,000 USD and Staking rewards in PUSH tokens. 10% staking rewards going to bhavish

  • End to end Development (Including contracts, frontend, deployment, white label solution) and support for Push Token
    • Enabling $PUSH token staking for passive & active holders - [As suggested by PUSH Protocol]
    • Funding Ask: $20000 (47585 $PUSH tokens)
  • $PUSH token Maintenance and automated market making cost on a single chain - 18000 USD
    • Funding Ask: $18000 (42826 $PUSH tokens) - ($3000/month approx for 6 months)
  • Launching collaborative marketing campaigns
    • Funding Ask: $5000 (11897 $PUSH tokens)

Timeline: 6 weeks from date of Approval

Note: 10% fee (no-loss market) will go to Bhavish as protocol fees

  1. What is your legal status? (Is your project incorporated; who will be receiving the grant money?)

  • Our entity is legally registered in Singapore and British Virgin Islands (BVI) since 18th October 2022. The Grant money will be received by the company treasury address.

  1. ETH Wallet Address. (Payments will be made in $PUSH token on the Ethereum mainnet.)

  • 0x25B306eF31abB717Aad544E0dBAD82DC655009Db

  1. Relevant links and other information. (If applicable, please share applicable links to your project (e.g., website, Twitter, GitHub) What else do you think we should know about your application?)