[Mazen Finance] GCGP-Mazen Finance mazUSD Vault Integration

Archived GCGP-Bridge
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SECTION 1: APPLICATION OVERVIEW

Category of integration: Liquidity provision and innovative vault integration

Requested $ARB tokens: 20,000 $ARB

Project description:
Mazen Finance, in collaboration with GNS, is integrating our innovative mazUSD into the GNS gToken Vault system, creating the mazUSD (gMazUSD) Vault. This integration combines Mazen’s RWA-backed stablecoin technology with GNS’s established vault infrastructure.

mazUSD is a multi-asset backed stablecoin, 100% collateralized by a basket of stable assets including USDM, USDC, USDT, sUSDe, FRAX, and other RWA tokens. It offers dynamic yield to investors, with returns calculated and distributed approximately every 24 hours.

Integration Benefits for GNS Users:

  1. Unique RWA-Backed Option: The mazUSD(gMazUSD) Vault offers GNS users access to a stablecoin with inherent yield from RWA backing.
  2. Dual Yield Mechanism:
    • Base yield from RWA assets
    • Trading fees from the GNS platform
  3. Enhanced Yield Potential: Mazen’s ve(3,3) model allows veMazen holders to vote on reward allocations, potentially boosting overall yields.
  4. Sustainable Incentive Structure: RWA-generated yield is used to automatically bribe voters for mazUSD-related pools, creating a self-reinforcing flywheel effect.
  5. APY Bonuses: Liquidity pairs involving mazUSD receive additional APY incentives.
  6. Increased Stability: Multi-asset backing provides enhanced risk mitigation compared to single-source vaults.
  7. Capital Efficiency: Users access both DeFi and RWA yields simultaneously.

Grant Utilization Plan:

  1. Initial Liquidity Provision: 5,000 $ARB (50%)
    • Seed the mazUSD(gMazUSD) Vault to jumpstart adoption
  2. Development and Security Audits: 10,000 $ARB (30%)
    • Ensure seamless integration and robust security
  3. User Incentives and Education: 5,000 $ARB (20%)
    • Promote adoption and educate users on RWA-backed benefits

Timeline and Milestones:

  1. Weeks 1-4: Collaborate with GNS to adapt existing vault contracts for mazUSD integration. Begin security audits.
    • Milestone 1 (Week 4): Complete initial integration design. Payout: 5,000 $ARB
  2. Weeks 5-8: Finalize mazUSD integration with GNS vault contracts. Complete audits and prepare for launch.
    • Milestone 2 (Week 8): Launch gmazUSD Vault. Payout: 5,000 $ARB
  3. Weeks 9-12: Implement user incentives, conduct joint marketing with GNS, and monitor performance.
    • Milestone 3 (Week 12): Achieve target liquidity and user adoption. Payout: 10,000 $ARB

SECTION 2: APPLICANT INFORMATION

Applicant Name: Laroi

Project Name: Mazen Finance

Project Description: Mazen Finance is a DeFi protocol combining ve(3,3) tokenomics with innovative RWA and innovative strategies, bridging traditional finance with DeFi.

Team Members and Qualifications:

Laroi
Role: Co-Founder
Background:

  • 4+ years of experience in blockchain architecture and DeFi protocol development
  • Implemented multiple EVM-compatible smart contract systems for DeFi protocols
  • Expertise in Solidity optimization, formal verification, and gas efficiency techniques
  • Specialized in designing and implementing complex tokenomic models, including ve(3,3) and RWA-backed systems
  • Proficient in integrating oracles, cross-chain bridges, and layer-2 scaling solutions
  • Track record of developing secure multi-signature treasury management systems and automated market makers (AMMs)

Kito
Role: Co-Founder
Background:

  • 4+ years in DeFi product strategy and tokenomic design
  • Architected liquidity mining programs and yield optimization strategies for top-tier DeFi protocols
  • Expertise in DeFi risk management, including impermanent loss mitigation and oracle attack prevention
  • Implemented governance systems utilizing quadratic voting and delegation mechanisms
  • Strong background in on-chain analytics and data-driven product optimization
  • Proficient in designing incentive structures for sustainable liquidity provisioning and long-term protocol growth

Project Links:

Contact Information:

• Email: kito@mazen.finance, laroi@mazen.finance

Current grant recipient status: No current grants from other $ARB incentive programs.

SECTION 3: GRANT DETAILS

Funding Address: 0xF4904465168C00f2739D6027f3eaBC5fABAf7cd6

Funding Address Details: Mazen Finance Arbitrum treasury, 3/5 multisig with hardware wallet-stored private keys.

Other Contract Addresses: To be deployed in collaboration with GNS

SECTION 4: DATA & REPORTING

Dune Dashboards: Yes, we will develop comprehensive Dune dashboards tracking mazUSD (gMazUSD ) Vault performance, including:

  • Liquidity levels
  • Yield rates
  • User adoption metrics
  • RWA backing composition

Bi-weekly Updates on Gains Network Forum:

We commit to posting detailed bi-weekly updates covering:

  • Integration progress with GNS
  • Feature development milestones
  • User adoption metrics
  • Liquidity and yield performance data
  • RWA backing status
  • Upcoming developments and adjustments
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