3rd Place - DeFi

Pye

Canada

DeFi
DePIN

Description

Pye is a yield marketplace that enables stakers to tokenize and forward sell their staking yield, allowing others to purchase the yield at a discount. This addresses the $500B (and growing) proof-of-stake market, along with the $40B+ in staking yield set to be unlocked over the next year. The product is built by seasoned team of Web3 natives who have founded and launched projects such as Maker DAO, Covalent, Badger DAO, Rated Network, Psy Options, and Armadafi. Some key unlocks of the product are: - Freeing up cashflow for operators - Allowing for new entrants to take positions at a discount by buying future yield - Increased on-chain trading - Secondary market to mitigate treasury sales

LINKS

Presentation
X (Twitter)
Repository

Additional Information

This is the full UX walkthrough that was designed but did not have time to code: https://www.loom.com/share/3d7e34de3c86450b9e74da8157069e0e?sid=1ad522ef-f6da-41ed-b78c-30e162da3318

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