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8 pages/≈2200 words
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APA
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Accounting, Finance, SPSS
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Research Paper
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English (U.S.)
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DeFi Product Proposal: ScoTra

Research Paper Instructions:

Be sure to write this "DeFi product proposal" based on the article "Analysis of product" I provided, this is the most important point.

Assignment: DeFi Product Proposal (individual) A main component of the course is that you develop and pitch an idea for a DeFi product as a team. In the first assignment you analyzed an existing DeFi protocol and you’ve heard about some others in class. In this assignment, I would like you to propose an idea for a DeFi product that users want. The questions below are deliberately similar to the ones that you answered when analyzing an existing protocol. Part 0: Motivation and Tech Stack 1. The report should be prefaced by an elevator pitch where you explain the merits of your product in 30 seconds (https://www.mindtools.com/pages/article/elevator-pitch.htm). Three steps should explain the product’s “job”: a. You know how … b. Well, we/I … c. So that … 2. Where in the blockchain tech stack does your product live? Part 1: Background Information about the product Explain in simple terms (and using your own words). 1. What economic/business problem does your project solve? (Sector of operation, particular use of the product, underlying finance concept.) 2. Describe the standard operation/workflow of your product. Part 2: Detailed Product Information 1. Customers: For whom is the protocol creating value? Who are the protocol’s most important users? What is your main value proposition for customers? 2. Market: What are alternative or competing protocols? Pick a competitor and describe a main difference/competitive advantage. Is the competitor a substitute or complement? 3. Product business model: How does your product create revenue for the developers and the investors? (It may not create revenue, it may rely on token price appreciation, it may be an add-on to an existing project, etc.) 4. Tokens: does you model require the issuance of a token? If so, what is the role of the token? 5. Governance: Is your model centrally controlled or is it decentral? How are key parameters of the protocol decided? Describe the process

Research Paper Sample Content Preview:

DeFi Product Proposal: ScoTra
Student’s Name
Affiliation
Course
Professor
Due Date
DeFi Product Proposal: ScoTra
Part 0
You know how it is challenging for small investors in the exchange market to access information about stocks. Well, I am proposing a new decentralized finance project that will create a platform that brings together stock analysts and small investors so that small investors can be more informed about stock trading.
The proposed product will live on the Ethereum blockchain tech stack. The Ethereum blockchain is the most appropriate stack for the proposed products as it allows smart contracts and the running of decentralized applications (Vujičić, Jagodić, & Ranđić, 2018).
Part 1
Background Information
ScoTra will be a new decentralized finance (DeFi) solution that will allow small stock investors to access the information and tips they require to make an informed decision in the stock market. A key issue faced by many small investors in the stock market face is the inability to access information that can be used to make decisions such as where to invest their money. In addition, some small traders lack the trading tools and software that they need to quickly analyze the financial information that is generated by various companies in various global stock exchange markets. ScoTra will mainly seek to offer a money market solution by providing an ecosystem where the users can trade data on various stocks, mine NFTs unique to the protocol, stock analysis apps, and other stock-related virtual goods. The platform will allow the users to use software development kits in the Ethereum blockchain to develop virtual goods that they can trade, monetize, and market. The conventional stock market does not provide access to information on the performance of a given stock, which makes it challenging for a stock investor to effectively buy and sell shares in the stock market. As such, ScoTra is created to solve this challenge. Users in ScoTra will be able to mine NFTs and develop stock analysis apps to trade in the platform.
Relying on the platform, stockbrokers will be able to monetize their knowledge of stocks as they can sell stock tips, stock analysis, or stock analysis apps for trading on the platform to investors. The sale of various virtual products on the platform will allow the users to earn the SCOTRA token, which can facilitate the acquisition of assets in the platform, or can be converted into fiat money. In addition, the platform will allow stock traders in various global stock markets to connect and form a community of traders. To this end, the platform will be a meeting place for experts in the stock market with the small investors keen to secure information about the performance of stocks in the markets.
ScoTra will be run on the Ethereum blockchain. Its protocol will be made up of software development kits for projects, Application Programming Interface, a marketplace based on Escrow, and a smart wallet for storing coins. To this end, developers in the platform shall have access to SDK for various programming languages that they can use to develop stock analysis apps for sale in the protocol (Vujičić, Jagodić, & Ranđić, 2018). The ScoTra wallet will be an...
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