I’d like to “apply” for the fund grant in order to run and further improve Relayers Dao.
Relayers Dao is a relayers tool for the Tornado Cash that enables the user to become a relayer and stake TORN to get TORN.
The scope of the funding is for audit & marketing in order to ensure the security and help more people share the relayers benefit.It also can reduce the torn circulation and pump up the price of TORN.
I’m a loyal fans to this community,i really like the project,i have read through the doc and count the Relayers APY,i quickly felt the enthusiasm that i share the Relayers Dao project with many members here.
When i check the relayers data,only 10 relayers who stake over 10,000 torn can get the reward.For individuals who want to become relayer with less TORN,they don’t have the chance.The more relayers is,the more decentralized, efficient and fair for the tornado like the polygon and polkadot.
For individuals who don’t have develop experience and time to maintenance server,Relayers Dao is very convenient for us.
Relayers Dao is a convenient relayers tool for the Tornado Cash that enables the user to become a relayer and stake TORN to get TORN if you don’t have enough TORN and time.
The Relayers Dao code will be open source and invite professional audit Institution to audit in order to ensure the security.
I believe that Relayers Dao will definately motivate more people to know theTornado Cash and become the relayers.
The Relayers Dao can reduce the torn circulation and pump up the price of TORN.
For example ,currently,the amount of TORN locked in the Tornado Cash governance contract is 761,984 TORN when Tornado Cash staking average APR is 20-70%.The amount of TORN locked in the Relayers Dao will be 2-3 times because the relayers staking average APR is 100-200%,you can image the TORN price.
The preliminary stage of this porject is focused on developing the DApps.We already have finished UI design,front-end and smart contract,developer is test the DApps.The audit report and community ready to go.
Hiring, Product development & community building.
Marketing, community manage.
DApp maintenance and update.
Usage of funding
We will use this budget for CertiK & Slow Mist audit,and marketing.