Project Details: Stakescriptions aims to become a medium of revolutionary DeFi where a user can stake some amount of tokens in a pool and gain not just interest for the staked tokens but a subscription of their choice too.
Once the user chooses the subscription plan of choice, they need to stake a certain amount of tokens. The staked tokens are shifted to the pool immediately.
The user can stake their tokens either for a period of 1 year or how much ever they wish to keep it staked for. And when a user wants to stake for a longer period, they get to stake lesser!
The Smart Contracts overlook the transaction and make sure as soon as the money is paid to the pool, the subscription provider delivers the service.
A year later, the interest from the Pool redirects to the Smart Contract that pays for the Subscription.
Meanwhile, the staked tokens are either returned to the users’ wallets or remain in the stake pool.
Project Milestones:
frontend
Landing Page: 7/11/2022
Profile and Signup: 8/11/2022
backend
Contract creation for handling users’ and plans’ data: 31/10/2022
Really interesting project that has plenty of synergies with the protocol we are currently working on (InterPool) as it seems to use the same core architecture to generate interests.
@sarvagna13@Adithya, The idea seems interesting. If it gets executed well, it will be great to get subscriptions to multiple platforms just by staking.
Waiting for live demo…