MCI_Proposal.md

[Christopher-I]

Description of the project

• MCI is a company that offers a variety of crypto indexes to investors, designed to maximize returns over a 3 to 5-year time horizon based on the investor's risk appetite.
• MCI's range of crypto indexes caters to different risk profiles, with options ranging from conservative to aggressive. Additionally, MCI offers investment opportunities into trends, like the Metaverse, Defi, Smart contracts, etc. Investors choose the index that best aligns with their investment goals and risk appetite.
• MCI aims to reduce the friction for onboarding crypto novices to decentralized index funds by offering simple solutions for non-custodial wallets and fiat on-ramps. By completing the tasks outlined below, MCI can help build a more scalable solution for users to deploy capital and invest in web3.

Scope of Work

• Asset Management Infrastructure
  • Tool for auto-deployment and rebalancing.
  • UI
• Application & engineering development (see product milestones).
• Product Expansion, debit cards, off-ramp, and insurance.

Synergies/benefits to the Enzyme ecosystem

• By building on the Enzyme ecosystem, we can increase the usage and adoption of the Enzyme protocol while providing our users with enhanced functionality, security, and experience. Enzyme will also be able to leverage our team's existing infrastructure, tools, resources, and knowledge to help increase Enzyme's market share/competitive advantage.
• As our product gains traction, we expect it will bring more users and AUM to the enzyme protocol.
• We plan to add more products, such as insurance, loans, and interest accounts, using Enzyme, making the MLN token more valuable.
• We plan to study Enzymes smart contracts more and will contribute to your technical development by reporting bugs, suggesting improvements, and lending our technical skills when possible.
• We plan to advertise Enzyme on our website as a partner.
• Explore opportunities to build on-chain compliance tools for Enzyme that meet traditional financial services regulatory reporting requirements making the product more appealing to institutional asset managers. (Sanctions, Transaction Monitoring, Travel Rule, KYC, etc).
• MCI is committed to open-sourcing our entire platform in the future allowing enzyme users and vault managers to leverage our code.

Token Use
Product development and protocol improvements

Product Milestones & Timelines
Quarter 1, 2023 (completed all milestones)
- Launch CCI Vault.
- Launch MVP in Ethereum.
- Launch marketing website
- Integrate fiat on-ramp via credit cards, bank accounts, google, and apple pay.
- Integrate Magic login.
- Integrate Gmail login.
- Launch light/dark mode themes.
- Launch news feed.
- Integrate Polygon into the application.

Quarter 2, 2023
- Integrate Mix Panel Analytics (4 weeks).
- Create detail/brand pages and fact sheets for each index (4 weeks).
- Update Magic modals using MCI designs and improve UX (6 weeks).
- Improve portfolio/Overview pages (8 weeks).
- Launch Defi and Metaverse Vaults (3 weeks).

Quarter 3, 2023
- Launch test version of the mobile app (12 weeks).
- Build and launch auto balancer (8 weeks).
- Integrate fiat off-ramp (12 weeks).

Quarter 4, 2023
- Launch debit card payment infrastructure MVP (16 weeks).
- Sanctions Compliance Vault Parameter Smart Contract Module (20 Weeks).
- Build admin application MVP (12 weeks).
- Launch mobile app V1 (8 weeks).

Quarter 1, 2024
- Launch MVP insurance coverage on assets (12 weeks).
- Launch admin application V1 (8 weeks).
- Launch Debit card solution V1 (8 weeks).

Funding Needs

• Depending on agreed-upon milestones, this will require $250k - $750k cash or equivalent in MLN.
  • Funding Schedule Options
    • Lump Sum or
    • Initial funding and fund disbursements at milestone completions.
• As an indication of our long-term commitment to Enzyme, MCI will partner with private investors to cover funding gaps. MCI is committed to working with the Melon Council in selling any significant amount of MLN tokens necessary to finance this project OTC, thereby reducing the volatility and increasing the legitimacy of the MLN token.

Working MVP
www.mycryptoindex.io

Team presentation
Pitch (Seed Round - April/May 2023)

Contact information
darius@mycryptoindex.io

Github
https://github.com/My-Crypto-Index

[perhamgirl]

Hi MCI team, thank you for submitting your proposal.

In short, we think that most of the items you’ve proposed here drive equity value more than token value and therefore should be supported by equity investors rather than token treasury.

The idea of giving out grants is intended to be for applications that build new protocol level features which there is a demand for, or new and novel application use-cases (ie. other than asset management). Currently we’re not convinced that this is a new use-case that will drive additional utility to the token that is not already available to anyone today

Some questions and tips on parts that could become eligible;

• Can you elaborate in more detail on the auto-deployment tool you’d like to build and what it will enable users to do? Also how will you make it available to users? Would that be through your own UI? Can you discuss the approach and functionality in a bit more detail? We’re currently exploring integrating Gelato, would you be adding additional capability beyond what Gelato can do?
• Currently, Avantgarde is building an SDK which should enable front-ends to be built a lot easier on top of Enzyme. One way that we think you can provide value on the development side is by providing open-source react components for simple Enzyme functionality on top of the new SDK. In particular, the components we think are in highest demand are deposit, redemption and the visualization of data within a vault. Is this something you would be willing to do?

These are parts that we think could be eligible for smaller grants depending on the scope.
Regardless of the fact that we think the current grant doesn’t suit in its current state, we are extremely excited about MCI and eager to help when it comes to your equity fundraise.

[Christopher-I]

The auto-deployment refers to when someone deposits into a vault, newly deposited assets can be swapped into other assets based upon a predetermined portfolio composition. This tool would be available to all vault managers, and we would develop and open-source the tool and UI. Based on our review of Gelato, it may allow the auto-deployment of newly deposited assets within an Enzyme vault. However, we would have to test the integration properly to ensure it would meet our needs. Do you have a timeline for this integration, and how do you envision the rollout to vault managers? Regarding the SDK, we are willing to provide open-source react components for the SDK.

[Christopher-I]

Regarding our raise, here is the link to our pre-seed deck. Warm introductions to VCs and angel investors in your network would be greatly appreciated. Feel free to share that link with relevant parties. We have a data room we can grant access to for prospective investors that has additional information about MCI, such as market research, competitive analysis, financials, etc. Again, thank you for your help and support; I'm excited to continue working together.

Cheers,

Darius