Ok, I’ve been sitting on this idea for a while, but I wanted to get some feedback from the community as to what I’m getting myself into with this project. Here are some details:
A group of asteroid miners have been stranded on a space rock (named Synthetica or something). They must now yield mine to stay alive.
Project is built on top of the Synthetix protocol. Miners can buy plots of land on the rock (with SNX) and begin mining synths. Plots are rich in various synths (sBTC, sETH, sDEFI, sXAU, sXAG) and miners can choose where to build based on their preference.
Contract pools SNX and interacts with Synthetix smart contracts to mint synths for entire community in as few transactions as possible to save gas. This may allow users with less capital to participate.
Every cycle (2-4 weeks), project tokens are distributed based on synth-debt ratio. The higher your ratio, the more “Land (or something)” tokens you receive. Not sure yet how these tokens will be backed or what they will be used for. Possibly to secure land on the asteroid in future phases. Could also be used for community governance.
I think this would be a great way to make Defi more approachable and understandable for new users. Let me know any thoughts you have and if you’d like to be involved. My only experience developing is this course, so would need to partner with a developer who has some experience. Thanks!