Clique is an Identity Infrastructure protocol building identity oracles, tools that bring web2 user behavior and identity data on-chain in a fully privacy preserving way. It serves two primary goals: establishing more robust reputation and identity systems on-chain, and bridging the gap between value-creating activities in web2 and incentive distribution layers in web3.
Clique is seeking an OP grant of 2,000 $OP from the ParaSwap DAO to sponsor their own prize pool in the competition between protocols in a DeFi Category to maximise cross-pollination of user bases with competitors as well as maximise the capacity to identify power users at the protocol/category level.
Clique is one of the recipients for OP Grant Cycle 14 (Cycle 14: Final Grants Roundup - Grants - Optimism Collective) & we have been allocated 100K OP in order mission to further grow Optimism’s Identity Layer & bring more identity-borne use cases that are advantageous at every stakeholder level.
Clique will be fully disbursing the grant through 4 competitions between protocols that are similar in nature - powered by user attestations, where users would use Clique’s identity infrastructure to push off-chain + DeFi attestations that will be used to ascertain power users for each category/protocol. Competition will be designed in a way to increase:
- Higher retention rates
- Cross-Pollination between users of similar protocols/Optimism
- Identification of power users
- Targeted growth through user recognisability
To amplify the goals above, we invite each protocol to commit to a prize pool of 2,000 $OP distributed to reward individuals who interact with the protocol.
For a more detailed overview of the competition please see the following document: https://cliqueofficial.notion.site/OP-RED-WARS-Strategy-458671eeeebc428b80fc1b08e371a0d2
Goals & review
Clique is seeking an OP grant from the ParaSwap DAO where the protocol specific action that is indexed will be to stake PSP on Optimism. The duration of the competition is 3 weeks and it will take place in the month of December.
We encourage every protocol on OP taking part in this staking based competition to issue their own prize pools to further drive the identification of power users but also amplify the cross-pollination effect from other protocol’s user-base that will be taking part.
Through the competitive format of the event, we aim to drive more users to ParaSwap bootstrapping liquidity on OP & encourage higher retention.
Moreover, as our main goal is building out the Identity layer of Optimism, the design of the competition will require users to update their attestations to update their contribution for each respective protocols taking part. We aim to get users to push out “DeFi Attestations” on OP’s attestation registry, essentially helping profile each protocol’s & the DeFi category’s power users (e.g. for lending protocols we want to create attestations that help profile a consumer’s preferences when it comes to staking beyond just volume staked but also the APY at the time the user stakes their tokens).
Following that, a big key of our grant proposal is working with Identity Verifiers to essentially enable recognisability of power users through Clique’s Attestations & provide roles on the Optimism Main Discord (e.g. top 10% stakers get a role) essentially establishing another touchpoint with the end users taking part in these events for future UA purposes.
With regards to Estimations of users, our previous initiative - OP Army - had over 59,000 unique users & each protocol we’ve partnered up with has had a minimum of ~10,000 unique users interacting with their dApp. Clique was also responsible for 1.2-3% of all of Optimism’s transaction during the 6 weeks of OP Army & the incentive pool users were working towards was 43,000 OP. This time around, as one of Grant Cycle 14’s finalists, we were provided 100,000 OP & we’re involving as many protocols as possible for each DeFi competition so we’re optimistic turn out will be bigger than ever.
Requested funding is 2,000 OP
Of the requested amount, the 2,000 OP pool will be used to reward participants. We will be distributing 60% of the 2,000 OP to the top power users and 40% in a raffle that will be meritocratic in nature (the higher their contributions based on their attestation data, the higher probability they will win).
Clique will provide the following:
- Organisation of the Clique <> OP Staking Competition
- Design of Paraswap specific attestations
- Development of Competition
- Testing and quality assurance
- Marketing & Promotion
- Planning with OP to co-market
- Technical Support & User Assistance
- Ongoing technical support to ensure the Competition runs smoothly and any issues are resolved quickly
- User assistance to help participants navigate the competition and troubleshoot any problems
- Attestation Feedback Surveys
- Clique is utilising part of its cycle 14 grant to provide participants a chance to win $OP by filling out a feedback survey. Contributions will be weighted according to their participation which will increase their probability of winning. Clique will provide feedback of the top users to protocols where its relevant to them.