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Paymagic LabsPRD: DustSweeper (🧹,🧹)
SummaryDustSweeper (🧹,🧹) allows users to swap small balance tokens (”dust”) for ETH without expensive gas transactions. Users just have to approve() the tokens they’d like to sell, and “market taker” bots execute the swap.ETHDenver Finals Demo: View on YoutubeFollow on Twitter: @DustSweeperDAOProblemMany Ethereum mainnet users have low-balance tokens (<$500) in their wallets from old trades, airdrops, and trying out apps back when gas was cheap. They’d like to sell these tokens for ETH to c...
Paymagic LabsIntroducing Patch Wallet
Patch Wallets aren't your typical wallet; you don't download an app or install an extension… Every twitter user, email, phone number…any human...or bot 🤖...has a wallet automatically that only they can access. No onboarding or custodian required. You can view your wallet today at app.patchwallet.com and claim your Patch NFT. You’ll want to be early frens… 😉1 Billion web3 wallets 🌎Our mission is to onboard 1 Billion users into Web3. To do that, we’re taking a radically different a...
Paymagic LabsIntroducing DustSweeper v2
🥳 🧹 🥳 🧹 🥳 🧹We’re proud to announce DustSweeper v2 is ready for its mainnet launch! The new version includes massively expanding token support (from 80 to >5k tokens), major gas optimizations, dynamic pricing, token system preparations, and other features that make Dustsweeper awesome and seamless for our users! Head on over to dustsweeper.xyz to start cleaning out your old wallets! 🧹Where we startedDustSweeper allows users to swap small balance tokens (”dust”) for ETH without expensive...
Paymagic LabsPRD: DustSweeper (🧹,🧹)
SummaryDustSweeper (🧹,🧹) allows users to swap small balance tokens (”dust”) for ETH without expensive gas transactions. Users just have to approve() the tokens they’d like to sell, and “market taker” bots execute the swap.ETHDenver Finals Demo: View on YoutubeFollow on Twitter: @DustSweeperDAOProblemMany Ethereum mainnet users have low-balance tokens (<$500) in their wallets from old trades, airdrops, and trying out apps back when gas was cheap. They’d like to sell these tokens for ETH to c...
Paymagic LabsIntroducing Patch Wallet
Patch Wallets aren't your typical wallet; you don't download an app or install an extension… Every twitter user, email, phone number…any human...or bot 🤖...has a wallet automatically that only they can access. No onboarding or custodian required. You can view your wallet today at app.patchwallet.com and claim your Patch NFT. You’ll want to be early frens… 😉1 Billion web3 wallets 🌎Our mission is to onboard 1 Billion users into Web3. To do that, we’re taking a radically different a...
Paymagic LabsIntroducing DustSweeper v2
🥳 🧹 🥳 🧹 🥳 🧹We’re proud to announce DustSweeper v2 is ready for its mainnet launch! The new version includes massively expanding token support (from 80 to >5k tokens), major gas optimizations, dynamic pricing, token system preparations, and other features that make Dustsweeper awesome and seamless for our users! Head on over to dustsweeper.xyz to start cleaning out your old wallets! 🧹Where we startedDustSweeper allows users to swap small balance tokens (”dust”) for ETH without expensive...
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As the 🐻 market sets in, wallets/dapps/protocols will be exploring new ways to monetize. Referral vaults might be a one way.
Let's say you're a DeFi wallet that helps new crypto users deposit funds into DeFi protocols to earn yield. What if you could earn some percentage of their yield for referring them?
Referral vaults could be a modified version of ERC-4626 where the accrued tokens are split between multiple wallet addresses: some % to the depositor and some % to the referrer. So if you're a hot wallet app with 1M users who each deposit 100 USDC...and you split earned yield 50/50 with the depositor, you could be earning ~$2M assuming a 4% APY. In bull cycles this gets even more juicy and doesn't take into account protocol token rewards.
Referral vaults could be built on top of Aave, Compound, Lido, etc. and possibly use 0xSplits for the yield earnings break out. Users pay for the convenience and possibly yield optimization.
Web3 Pitches (W3P) are short product write-ups that describe an emerging problem or opportunity in the Web3 space and proposes a minimal-viable solution that could be tested and iterated with users. The pitches are presented in screenshot essay form, which is meant to be short enough to be consumed on one page of a mobile screen. :-)
If you enjoy hearing about new novel Web3 use cases, please subscribe on Mirror. We appreciate the support. 👆
As the 🐻 market sets in, wallets/dapps/protocols will be exploring new ways to monetize. Referral vaults might be a one way.
Let's say you're a DeFi wallet that helps new crypto users deposit funds into DeFi protocols to earn yield. What if you could earn some percentage of their yield for referring them?
Referral vaults could be a modified version of ERC-4626 where the accrued tokens are split between multiple wallet addresses: some % to the depositor and some % to the referrer. So if you're a hot wallet app with 1M users who each deposit 100 USDC...and you split earned yield 50/50 with the depositor, you could be earning ~$2M assuming a 4% APY. In bull cycles this gets even more juicy and doesn't take into account protocol token rewards.
Referral vaults could be built on top of Aave, Compound, Lido, etc. and possibly use 0xSplits for the yield earnings break out. Users pay for the convenience and possibly yield optimization.
Web3 Pitches (W3P) are short product write-ups that describe an emerging problem or opportunity in the Web3 space and proposes a minimal-viable solution that could be tested and iterated with users. The pitches are presented in screenshot essay form, which is meant to be short enough to be consumed on one page of a mobile screen. :-)
If you enjoy hearing about new novel Web3 use cases, please subscribe on Mirror. We appreciate the support. 👆
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