GoblinGold aims to solve the “What can I do with my mSOL?” dilemma that 99% of Marinade users face. We aim to build a series of sustainable mSOL strategies, integrate them into Marinade’s UI and attract existing Marinade users to stake with them.
GoblinGold is looking for a close partnership with the mDAO, offering 5% of tokens and 50% of revenue generated from mSOL assets in exchange for Marinade’s marketing and smart contract/UI assistance in bringing this idea to reality.
Additionally, GoblinGold intends to bring TVL to Marinade by integrating the mSOL token into SOL strategies, further enhancing Marinade’s TVL & reach.
Binye#7517: More than 4 years of experience in the blockchain space. From distributed systems to smart contracts to simple web3 apps. He brings the vision and the knowledge of the crypto & DeFi ecosystem.
skrrb#3757: Academic background with a PhD in Nuclear Energy building high-performance codes for nuclear applications in GPGPU clusters. Experienced in Rust and distributed systems, is the appropriate guy to build the Solana programs.
Soju#9309: is an experienced community builder, who played a significant role in nurturing the communities of top Solana projects such as Raydium, Solanium and Tulip. Currently a full-time member of the Solend team, and building the GoblinGold community alongside the 2 experienced developers. A wealth of experience in community education and support, while interlinking communities together across the ecosystem.
We are a team of anons but happy to doxx to the Marinade team as we want to make a strong and honest partnership between both parties.
GoblinGold DAO is a crypto growth engine that leverages customized risk strategies to generate DeFi yield. The protocol is designed to invest in several products while tokenizing your positions, allowing composability with other features
Our first strategy, “BestAPY” switches between lending protocols to maximize yields and is currently live on mainnet (https://app.goblin.gold/#/) with 180k TVL, integrated with Solend, Port, Mango, Tulip and Francium.
We are also currently developing complex strategies that rely on various return drivers such as AMMs & Lending Protocols to generate better risk-adjusted yields.
GoblinGold is a Community-First protocol, intending to take 0 VC funding. You can come watch us build in the open in our Discord channel!
We intend to transition to a DAO structure rapidly, drawing inspiration from Yearn on their ability to let any DeFi power user create strategies or contribute lines of code or docs/articles to empower us forward. While the early strategies are designed and coded by us, we want the community to take lead on this alongside our team.
Our primary goal is to increase TVL of mSOL by improving customer experience and DeFi utility.
GoblinGold could bring a few advantages to Marinade:
- Optimize yield for mSOL holders through new and diversified strategies.
- Integrate strategies for SOL where they are converted to mSOL to gain more yield, making more users move towards mSOL.
- With the GoblinGold SDK created specially for mSOL, users will seamlessly get more yield by staking SOL through Marinade and with a single click depositing it into a GoblinGold vault.
We can increase the DeFi utility of the mSOL token by creating DeFi strategies that utilise the mSOL token, that bridges across multiple different platforms such as Solend and Saber.
For example, we can offer a 1-click leveraged staking vault of mSOL, where users deposit mSOL, borrow SOL against it, stake it for mSOL to re-deposit. Rinse & repeat until users are long mSOL and short SOL, thus benefitting from the staking yields that mSOL offers.
With the implementation of our SDK, we can integrate our vaults into Marinade’s (or any other) UI as well, letting Marinade’s users enjoy these heightened APYs without any additional UX friction.
Marinade is one of the biggest projects in Solana by TVL. Also, Marinade was a fair launch without investors, so as our visions are very aligned, we believe Marinade is the perfect partnership for us.
In order to incentivize liquidity in our platform, we will be giving 50% of the fees being generated after depositing from the SDK to the Marinade treasury.
Our intention is to collaborate with other DAOs so we will be giving tokens from our Ecosystem/Partnerships to other DAOs that bring TVL to our protocol. We estimate to give 2,5% per $100 millions of TVL provided. Therefore we will provide up to 5% of our token total supply to Marinade that will come from the Ecosystem/Partnerships allocation. These tokens would be locked for 2 years.
We will also uniquely offer mSOL support and no other liquid staking solutions for the first months. Other liquid staking solutions might end up on GoblinGold in the end, but we are committed to put Marinade first and reflect this partnership.
We lack a strong marketing partner, with an existing user base to help kickstart our platform. We aim to provide a valuable service (yield optimization) to the Marinade DAO, in exchange for Marinators to use our platform to generate yields on mSOL.
We also aim to land other partnerships with protocols like Mango to help optimize yields for their HODLers, lending our name more credibility and further growing our userbase.
What we would be looking out of this collaboration would be:
- Marinade brings us expertise on backend and smart contracts by reviewing our code.
- Marinade helps us in designing a better UI for our current and upcoming strategies.
- Marinade helps us bring in TVL from their user base
We envision at least 100mil TVL to come from Marinade’s user base in the long around and feel that 5% tokens for the above is attractive to align Marinade with us.
We are no VC DAO and we are taking a credit (~200k) to pay some salaries and operational costs until our IDO in ~3/4 months.
Subsequently, Marinade would not need to bring additional financial support to this project.
By leading SOL holders to mSOL through automated strategies, or by allowing a better yield for mSOL holders, GoblinGold will be able to grow Marinade’s TVL and make it more sticky.
Improve mSOL Users’ UX and Yields
Create additional yield strategies for mSOL, and integrate natively into the Marinade UI, allowing users to generating enhanced mSOL yields without leaving the site.
Alternative Revenue for mDAO
We will provide 50% of our fees from our SDK integration back to the MarinadeDAO, opening a new revenue stream where mSOL users enjoy higher yields while also allowing mDAO to generate additional revenue.
- Create the standard protocol for people who want secure yield in the Solana ecosystem.
- Integrate with as many DAOs/protocols of the ecosystem as possible.
- Make the protocol self-sustainable and run by the DAO contributors. They will create the strategies in the future.
- 400m total TVL - Where operational revenue > forecasted operational costs.
- 600m total TVL - Optimising other assets and becoming a dominant player for yield aggregation in Solana.
- 200m mSOL TVL - Delivering the best yield market-wide for mSOL
- Attract funds from at least 4 different DAO’s treasury
When does it ship and what are the milestones and deliverables?
Q1 of 2022:
- Rearchitecture of our vaults to be more general for different strategies, i.e. V2
- SDK for Marinade
- Strategy depositing into Saber
Q2 of 2022
- Token launch
- Several strategies for obtaining liquidity mining rewards
- Bring DAO treasuries to our vaults
- Support more assets
- Q3 of 2022
- Partnerships & New strategies to bring more yield.
- Make lp tokens (ggXXX) useful in some platforms