We propose that Nexus Mutual would be able to participate at the pillar sponsor level for ETHGlobal’s Hack Money (https://defi.ethglobal.co) coming up June 18th-July 9th, 2001.
From June 18th - July 9th Hack Money will be a place to build, fuse, create and discuss all that is DeFi. With weekly summits, always on hacking, and the best of the best in the industry joining us you’ll be among friends and passionate colleagues excited to build the Future of Finance.
The plan is for Nexus Mutual to provide sponsorship at the ’pillar level’ which will give us access to their developer community, submission of build projects ideas that can benefit our protocol, and brand exposure.
Our estimated budget using community funds for our participation is $28k. This budget figure is derived from sponsorship fees, prize pool, and incidental funds to support the team’s presence at HackMoney including “producing” a 45s intro to Nexus Mutual video.
Ultimately, we believe that the return on investment is worthy for the continued growth of the mutual, to expand our community, as well as to attract new developers to get involved with building on top of Nexus.
If anyone in the community knows any potential video producers who would like to create a 45 second video highlighting Nexus Mutual for the competition please DM @Kayleigh on Discord.
What does everyone think? Would this be a good use of Community Funds?
In order to make the deadline for our participation, we will have to shorten our time horizon for forum post and snapshot vote down to 3 days respectively.
All proposals will be considered based on their potential impact on the mutual.
- Awareness/education Projects that seek to grow awareness of Nexus in the wider community and to help members understand how the mutual works. Examples could include writing docs, newsletters, producing videos, memes, NFTs.
- Distribution/sales Projects that focus on b2b partnerships or increase distribution of cover at the source of the primary purchase (ie, on DeFi apps). Examples could include building a distributor on top of Nexus, integrations with other projects, or designing new products.
- Technical improvements/capability Projects that seek to expand functionality of the mutual or development of new products. Examples could include contributing to open source code, designing user interfaces, building a reinsurance layer or constructing bundled yield bearing and protected products
Once a proposal has been up for discussion here for 3 days it will be closed and we will then translate it to the snapshot for voting. After the snapshot has concluded and if it has produced a favorable outcome, we will distribute the funds.
Details about the Community Fund can be found on this page of our Docs