GFP: Blue Foot Research Advisory

Summary

Blue Foot Research offers its services to Tracer DAO (DAO) in order to work with the DAO on an advisory role with respect to the construction of a ‘skew farming’ vault for Perpetual Pools (v2).

Specifically, this advisory role will involve:

  • Give a technical (solidity built, gas-efficient) pathway as to the construction of a skew farming vault;
  • Write out the pseudocode for the vault to identify the most profitable venture amongst all pools, and execute on that opportunity;
  • Aid with the construction of a keeper mechanism to do the upkeep functionality;
  • Write out the logic, and psueudo-code to calculates the optimal portfolio holdings, compare it to the current holdings, and provide a series of mint/burn functions required to move to the optimal state.

If successfully assigned, I will work closely with the Mycelium team to ensure that the skew farming vault is built out in line with Mycelium’s aims.


Consideration and Remuneration

For the provision of these services, Blue Foot Research requests:

  1. 142,359 TCR tokens ($30,000 USDC equivalent - @TCR price = $0.210735) at completion of project.

Blue Foot Research ETH address: 0xdb5D4e46AeE4Eb45768460abeEb03b6fB813819d


Deliverables

Blue Foot Research shall, from the Commencement Date, and for the duration of this Proposal, provide the Deliverables to the DAO in accordance with the terms of this Proposal.

Time for the performance of the Deliverables shall be of the essence and Blue Foot Research shall meet any performance dates for the Deliverables specified in the Order or notified to the Blue Foot Research by the DAO.

If engaged by Proposal to provide the services described in this Proposal to the DAO, Blue Foot Research will provide the following (Deliverables):

  • Give a technical (solidity built, gas-efficient) pathway as to the construction of a skew farming vault;
  • Write out the pseudocode for the vault to identify the most profitable venture amongst all pools, and execute on that opportunity;
  • Aid with the construction of a keeper mechanism to do the upkeep functionality;
  • Write out the logic, and psueudo-code to calculates the optimal portfolio holdings, compare it to the current holdings, and provide a series of mint/burn functions required to move to the optimal state.

Experience

  • BEng(Hons) Software Engineering from the University of Queensland
  • Experience in artificial Intelligence and control theory research, including the following publication:
  • 2.5 years prop trading experience, market making derivatives on Asian markets. - https://www.linkedin.com/in/jamescopperthwaite/
  • CEO of Blue Foot Research, prop trading firm with an MEV focus.

Variation and Termination

Blue Foot Research acknowledges that, if engaged, the DAO may terminate or vary its engagement in accordance with:

  1. Future Proposals and performance;
  2. The Deliverables specified above;
  3. A material breach of any term of the Agreement which breach is not capable of being remedied or (if such a breach is remediable) fails to remedy that breach within XX days of receipt of notice from the DAO in writing to do so; and
  4. Any repeated breaches of the terms of the agreement in such a manner as to reasonably justify the opinion that its conduct is inconsistent with it having the intention or ability to give effect to the terms of this agreement.

Termination of the Proposal shall not affect any of the parties’ rights and remedies that have accrued as at the date of termination. Furthermore, any termination of this agreement shall not be effective unless the agreement either expires, all things required to be done by the Proposal are completed or it is terminated by a further proposal of the DAO.


Conflicts of Interest

In the context of the Tracer project, conflicts of interest include:

  1. Existing Service Providers who are Related Parties; and
  2. Existing (vested and unvested) holdings of TCR tokens.

Blue Foot Research wishes to declare the following conflicts of interest:

  1. No conflicts of interest to declare.

Interpretation

Unless expressly agreed otherwise in writing by an Authorised Representative of the DAO, all terms that are defined pursuant to the Participation Agreement will retain its meaning.

If this offer is accepted as a Proposal under the Participation Agreement, Blue Foot Research may more formally document aspects of that Proposal.

The following definitions shall apply in this Proposal:

Definitions

Commencement Date: the date this Proposal is passed on chain and is signed.

Tracer DAO: A decentralised autonomous organisation for Tracer, an open-sourced blockchain-based financial protocol.

TCR Token: A measure of voting power in the Tracer DAO that attaches to a specific Wallet Address, whereby the greater amount of TCR Tokens a person holds in that Wallet Address, the greater the person’s voting power.

Related party: Means, but is not limited to, the Service Provider’s parent company, subsidiary, affiliate, assignee, transferee or one of their representatives, principals, agents, directors, officers, employees, consultants, contractors, members, shareholders or guarantors.


Indemnity

The Blue Foot Research shall keep the DAO fully indemnified against all liabilities, costs, expenses, damages and losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of reputation, product recall costs and all interest, fines, penalties and legal costs (calculated on a full indemnity basis) and all other professional costs and expenses) suffered or incurred by the DAO as a result of or in connection with:

  1. Any claim against the DAO for actual or alleged infringement of a third party’s intellectual property rights arising out of, or in connection with, the receipt, use or supply of the Deliverables, to the extent that the claim is attributable to the acts or omissions of the Blue Foot Research, its employees, agents or subcontractors; and
  2. Any claim made against the DAO by a third party arising out of, or in connection with, the supply of the Deliverables, to the extent that such claim arises out of the breach, negligent performance or failure or delay in performance of the Proposal by the Blue Foot Research, its employees, agents or subcontractors.

This clause will survive termination of the Proposal.

Copyright Waiver

Copyright and related rights to this Proposal are waived pursuant to CC0.

Consensus check
  • Accept GFP
  • Reject GFP

0 voters

1 Like

I support this Growth Fund Proposal and have confidence in the Bluefoot Research team to execute on the deliverables specified.

Bluefoot Research has shown it’s committed and available to Tracer at a moment’s notice, demonstrated by making contact between Visor and Tracer during the recent Visor incident.

2 Likes

Sorry about this question, but I’m a non Tech NOOB and I’m wondering what “psueudo-code” is?
It’s used quite often in the proposal.
Would love and ELI5 on this one.

It’s a simplified way of representing code without the need to represent the implementations, typing rules or use the actual methods/functions/etc. Any good programmer can “translate” good pseudo code into usable code.

Is this Mycelium’s job?

Anyone can submit proposals to support the DAO.

1 Like