BUILD Finance (BUILD)

 Basics

• Founded in: 4-9-2020
• Mainnet release:
• Based in:
• "BUILD Finance is a decentralized venture builder."

Token

Token allocation

• From the announcement (4-9-2020):

"In the beginning, there will be a total of 100,000 $BUILD tokens. After the initial distribution, the community will vote on how many tokens should be minted for building the first projects."

Utility

• From the announcement (4-9-2020):

"The token gives holders voting rights and a claim over the treasury. The treasury should be used for developing new products that will contribute to the DeFi ecosystem and build revenue streams for the DAO. $BUILD holders will decide which ideas should be executed by which teams and what share of funds should be allocated for building them. Each project should use $BUILD as the governance token and direct all revenue stream back to the $BUILD treasury. The teams are not “external”. They are a part of the DAO."

Token Details

• From their blog (13-9-2020):

"bCRED is a token that allows us to reward members for work before we start generating revenue. bCRED is currently not backed by anything. Or doesn’t have any collateral. It’s purely a promise made by the BUILD Finance that when we start generating revenue, we’ll deposit part of that revenue into a smart contract which will accept bCRED and give back DAI 1:1."

Technology

• Whitepaper can be found [insert here].
• Staking contract code can be viewed here.
• Built on: Ethereum

Liquidity Mining

• From the announcement (4-9-2020):

"To farm $BUILD, buy BUILD first here, deposit WETH/BUILD (98/2) liquidity into the Balancer pool."

Their Projects

• From the announcement (4-9-2020):

"Insurance for ANY contract

The permission-less decentralized no-kyc insurance market for ALL contracts. Someone, please build this already. We need it now! NexusMutial [sic] only covers established popular contracts. Insurance is exactly most needed for new unproved contracts, not for something that hasn’t been hacked for 3 years and had 10 different audits.

Reputation-based lending

Reputation-based lending. This could start by covering only the inner crypto-twitter circle and slowly expand to a broader public. If you connect your Twitter, you’re known in the community and you have a reputation to maintain, it probably wouldn’t be great for you if you didn’t pay up your loans. Your reputation is the collateral. Many people have been talking about this for years and there is still nothing.

Collateral-based lending for ANY Uniswap asset

Fork Compound and allow anyone to create a new separate market for each token. Nobody will lend out their ETH if they don’t know what collateral will back the loans taken against it. But if each collateral has its own isolated market, lenders can decide which collaterals are allowed to back the loans. For example, I could choose to deposit my ETH and allow anyone to take out a loan using YAM, SUSHI, or YFI. And no, unfortunately, CREAM doesn’t solve it. It has a single market for all tokens, not isolated markets for each one.

Curve for any token, customized by the LPs

Permission-less CurveFactory where LPs can freely set the fee, number of tokens, amplification coefficient. The original idea discussed here."

Governance

DAO

• From the announcement (4-9-2020):

"To keep things simple, the owner address of the $BUILD contract has been set to a time-locked contract. Meaning that all changes can only be made with a 2-day delay. Eventually, the owner will be set to a governance contract with on-chain voting."

Treasury

• Has a treasury (4-9-2020) that BUILD holders can vote upon. "Each project should use $BUILD as the governance token and direct all revenue stream back to the $BUILD treasury. The teams are not “external”. They are a part of the DAO."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Competition

• PrimeDAO

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].