coreum

Prop 35: Bidds: Lendore & TX Ecosystem Growth Proposal

To the TX Community,

Bidds is requesting $95,000 USD (4,750,000 TX at $0.02 USD) from the community pool to fund the next phase of development across the TX ecosystem. This covers the completion and growth of Lendore, our lending, borrowing and perps protocol, as well as infrastructure upgrades and ecosystem marketing.

What We've Delivered: Since receiving our initial grant (Proposal 20), we have built and shipped Lendore, a fully functional lending and borrowing protocol now live on mainnet in closed alpha. Every validator on the network can test lending and borrowing in good faith by reaching out to us. We are actively testing ourselves and with peers. We have built 12 smart contracts so far for Lendore, all validators are free to review this.

On top of Lendore, Bidds has delivered consistently for this ecosystem:

  • Built the Coreum NFT Marketplace with 5 audited smart contracts
  • Launched Coreum/TX Domains (.core - soon .tx)
  • Operates a validator node on mainnet and testnet
  • Built an oracle
  • Operates two IBC relayers
  • Developed the XRPL to Coreum NFT bridge (actively used by UNIs and Degens)

How We Handled the Previous Grant: The $COREUM we received from Proposal 20 was staked in full. We only unstaked what was absolutely necessary to cover development costs. The market dropped hard and the value of those tokens fell roughly 80% from the time we received them. We did not stop building. We put over $50,000 USD of our own money into continued development because we believe in this product, this chain, and this community. Lendore exists today because of that.

What This Funding Is For: We are requesting $95,000 USD (4,750,000 TX at $0.02 USD) for the following:

  1. Fully Leveraged Trading Suite, Integrated into Lendore Building out a leveraged trading suite inside Lendore, with Solotex RWAs (perpetuals) integrated. This is the "future iteration" we outlined in our original proposal: decentralized leverage trading backed by tokenized real-world assets. A big differentiator for TX. Part of the grant will also be used as initial liquidity needed for the orderbook.

  2. Marketing & KOL Campaign A marketing push for the TX ecosystem (all dApps) and Lendore, including partnerships with key opinion leaders (KOLs) to bring in new users and put TX on the map as a real DeFi player. This benefits the whole ecosystem. Our team specializes in marketing and we want to help everyone to the best of our ability.

  3. Full TX Migration, Including Domain Migration Complete migration of all Bidds products and infrastructure from legacy Coreum branding to the TX ecosystem. This includes migrating .core domains to .tx domains, making sure every existing user and domain holder has a smooth transition.

  4. Safety Fund Liquidity A portion of funds goes toward liquidity for Lendore's safety fund, protecting lenders against undercollateralized positions or rapid market moves. A solid safety fund is necessary for user trust and protocol stability.

Fund Management & Sustainability: Same approach as last time: all received tokens will be staked immediately. We only unstake what is absolutely necessary for active expenses.

If TX drops further in price: We have structured this request so we can keep building effectively for at least 9 months, even in a sustained downturn.

If TX goes up significantly: We will put the surplus toward:

  • Repayment to the community pool, giving back to the treasury that funded us
  • A bigger marketing campaign, expanding reach beyond the initial scope
  • More liquidity, strengthening the safety fund and protocol reserves

We handled the first grant responsibly and we will do the same with this one.

Community Airdrop: LNDR Token As a thank you for continued support, we will increase the LNDR token airdrop to 10% of the total supply for the TX community at TGE. This goes to community members who actively stake their TX tokens to validators that are active according to TX standards. We want to reward the people who show up and contribute to the security of the network.

We ship working products. We proved our commitment by spending tens of thousands of our own money when the market turned against us. We are not here to flip a grant. We are here to build for TX.

Thank you for considering our proposal.

Bidds: https://x.com/BiddsonCore Lendore: https://x.com/lendorexyz