Summary

By opening the BRicher - Mind Combat, we want to receive the opinions of our community, which are valuable for the long-term development of BRicher and Trava Ecosystem.

Basic information

• Contest: BRicher - Mind Combat
• Duration: in 3 weeks (June 21st, 2022, to July 12th, 2022)
• Total rewards: $500 for the two best ideas

Motivation

BRicher is a very new and unique feature of Trava Finance, which stems from the idea of optimizing users’ investment process. Despite being built based on the current aggregators, BRicher stands out from the crowd thanks to some key exclusive functions:

• Consider multiple types of investment: liquidity pair providing, lending, borrowing, and staking.

• Enable composite strategies: combine a series of investment methods.

• Allow investors to track their investment portfolio and other crucial information.

• Allow users to own their token and be able to choose between manually investing by themselves or using the automatic investing function of BRicher. (In phase 2)

• Read more about BRicher HERE

• Experience it by yourself: https://app.trava.finance/bricher/

Although the vision of this feature is clear, we still need to listen to the community's opinions for its sustainable development.

We welcome the ideas, which should include but are not limited to:

• The additional functions related to the goals of providing users with informative investment data.
• The substantial utilities that help users come up with the best investment strategies.
• Modifications for the current functions.
• The development direction for the next phase.

Raise your ideas on this topic, not only for earning rewards but for the long-term development of the whole community.

@kel said in Mind Combat: Call for innovative ideas to develop BRicher:

Hello @DatTrava. It would be nice to link our current personal wallets and read information from the wallet such as "veTRAVA"; "farmingTRAVA"; "farmingTRAVAlocked"; "TRAVA/BNB LP Tokens"; "rTRAVA" with BRicher and show the list of currently used strategies already.

As most of us Trava Finance users are already providing TRAVA Tokens to liquidity vaults, governance vaults, staking vaults but it is not reflected in BRicher. Shows that I have 0 strategies currently used, which is not true.

I have Tokens in Governance vaults (locked), in Staking Vaults (locked), Tokens in Lending Pools but BRicher still implies I have zero strategies active right now. Would be great if you could read information from the wallet after authenticating it on BRicher, to list already used strategies.

Additionally, future strategies should include arbitrage trading possibilities listed with other DeFi Lending Protocols. #BRicher #Trava #ideacontest #contest #function

Hi @Kel. In our design, the BRicher's investment diaries aim to monitor strategies created in BRicher only. Those are composite strategies, which are typically build from multiple steps. Investment diaries help investors to monitor various information related to the strategies. The investment created outside BRicher will not be listed in the investment diaries.

But what you request for is also helpful and indispensable for users. Let me reveal a secret for you. Together with the automatic investment, we are now developing a portfolio page, where users can check their balance, their deposits, borrows and their total assets. They can also check their investment on other DApps, which is what you request for.

Investment portfolio page is another USP of BRicher. Similar approaches report the users' balance only while BRicher report on the total asset of users (i.e., balance, borrow, and deposit). Users can easily check, for example, which DApps they are investing now, which token and how much TVL they place on those DApps, or how much profit they gain from those DApps. They can also receive notifications on this portfolio page.

@s1018 said in Mind Combat: Call for innovative ideas to develop BRicher:

@dattrava I have used BRicher and my first experience was very good. I just want that there should be a calculator so that we can directly calculate the amount we will receive after particular period of time. It will be easy for us.
And there should be a option of showing atleast 25 tokens in one page, like we have a option in bsc scan and many other sites, as of now it only shows 10, this feature will be helpful in future because now we may have less tokens listed but in future the number will be large.

Thank you very much for using BRicher and passing a comment on it, @S1018. The option of showing more tokens per page is surely important. Thank you for reminding us. We will implement it.

Regarding the calculator, I am not sure that I totally understand you. Do you mean that you would like a tool that can forecast the benefit you earned after particular period of time. It is very tough to implement a precise calculator, because the token price and the ROI continuously fluctuate. Borrow APY and APR can drastically change if a new user borrow a huge amount of token in a lending pool. So, even though such calculator is surely very userful, if the forecast is not precise, it does not really make sense.

Anyway, what you recommend is a hint for our future direction. BRicher collects and analyzes a huge amount of data. It then calculates best strategies and presents a variety of detailed and relevant information related to the strategies. Based on that, it support investors to make good decision. Maybe in future, BRicher can also do something with forecasting! It would be great if some can specify which could we forecast to help our users be richer in a more faster way

@kumpis @Kenzo Thank you for your ideas. What you propose are useful features that every users would like to have. We surely should implement those features. But we need to consider where to place the features, inside or outside BRicher.

BRicher is a part of TRAVA ecosystem and it can greatly facilitate other TRAVA DApps. However, we do not restrict the effectiveness of BRicher in TRAVA only. We would like to go further and support all blockchain users to be richer.

@s1018 said in Mind Combat: Call for innovative ideas to develop BRicher:

@dattrava I have used BRicher and my first experience was very good. I just want that there should be a calculator so that we can directly calculate the amount we will receive after particular period of time. It will be easy for us.
And there should be a option of showing atleast 25 tokens in one page, like we have a option in bsc scan and many other sites, as of now it only shows 10, this feature will be helpful in future because now we may have less tokens listed but in future the number will be large.

Thank you very much for using BRicher and passing a comment on it, @S1018. The option of showing more tokens per page is surely important. Thank you for reminding us. We will implement it.

Regarding the calculator, I am not sure that I totally understand you. Do you mean that you would like a tool that can forecast the benefit you earned after particular period of time. It is very tough to implement a precise calculator, because the token price and the ROI continuously fluctuate. Borrow APY and APR can drastically change if a new user borrow a huge amount of token in a lending pool. So, even though such calculator is surely very userful, if the forecast is not precise, it does not really make sense.

Anyway, what you recommend is a hint for our future direction. BRicher collects and analyzes a huge amount of data. It then calculates best strategies and presents a variety of detailed and relevant information related to the strategies. Based on that, it support investors to make good decision. Maybe in future, BRicher can also do something with forecasting! It would be great if some can specify which could we forecast to help our users be richer in a more faster way

@kel said in Mind Combat: Call for innovative ideas to develop BRicher:

Hello @DatTrava. It would be nice to link our current personal wallets and read information from the wallet such as "veTRAVA"; "farmingTRAVA"; "farmingTRAVAlocked"; "TRAVA/BNB LP Tokens"; "rTRAVA" with BRicher and show the list of currently used strategies already.

As most of us Trava Finance users are already providing TRAVA Tokens to liquidity vaults, governance vaults, staking vaults but it is not reflected in BRicher. Shows that I have 0 strategies currently used, which is not true.

I have Tokens in Governance vaults (locked), in Staking Vaults (locked), Tokens in Lending Pools but BRicher still implies I have zero strategies active right now. Would be great if you could read information from the wallet after authenticating it on BRicher, to list already used strategies.

Additionally, future strategies should include arbitrage trading possibilities listed with other DeFi Lending Protocols. #BRicher #Trava #ideacontest #contest #function

Hi @Kel. In our design, the BRicher's investment diaries aim to monitor strategies created in BRicher only. Those are composite strategies, which are typically build from multiple steps. Investment diaries help investors to monitor various information related to the strategies. The investment created outside BRicher will not be listed in the investment diaries.

But what you request for is also helpful and indispensable for users. Let me reveal a secret for you. Together with the automatic investment, we are now developing a portfolio page, where users can check their balance, their deposits, borrows and their total assets. They can also check their investment on other DApps, which is what you request for.

Investment portfolio page is another USP of BRicher. Similar approaches report the users' balance only while BRicher report on the total asset of users (i.e., balance, borrow, and deposit). Users can easily check, for example, which DApps they are investing now, which token and how much TVL they place on those DApps, or how much profit they gain from those DApps. They can also receive notifications on this portfolio page.

@master-chin said in Mind Combat: Call for innovative ideas to develop BRicher:

ut the other investment strategies

Thanks @Master-Chin. We process data on BSC first, and switch to ETH soon. That would be great if you and other users can introduce us prestigious projects with beneficial yield farming methods.

@violeta said in Mind Combat: Call for innovative ideas to develop BRicher:

After experiencing the function, I found it quite easier to follow a particularly recommended strategy compared to building and completing the strategy by myself. However, sometimes, it is still complicated, especially with 2 or 3-step strategies.

Heard that the automatic function will be implemented in the future. Don't know what exactly it is but I hope that it will bring all investing actions into one place. By doing that, what we need to do is only fill in the information on one platform/page and confirm the transactions.

Hi @Violeta. What you expect is exactly what we are doing. Please wait for this feature. It will be available in a few weeks.

@vincente said in Mind Combat: Call for innovative ideas to develop BRicher:

I'm pretty interested in the function of providing us with the information about the number of users who have applied the related strategies. However, what if there are a lot of people using the same strategies that don't actually work? I mean, it would be better to go for more details about the number or the percentage of people who get real benefit from these plans.

So grateful that the team is running this contest so that we could raise your voice to develop (I hope) this feature.

Thanks @Vincente for your idea. So you would like to get more statistics information on how investors get benefit from the strategies. That is interesting.

Actually, some people said that there are too much info on our current strategy pages. But we, as the creators of BRicher, do not think so. The important information is already highlight so it is easy to catch users' eyes. The other information is also displayed so users can get all related information before making decisions. Good decision comes from minor things. That is how wise, cautious, and serious investors should do. I am so happy with your question. It is like a prove that we are going on the right way.

@atonios said in Mind Combat: Call for innovative ideas to develop BRicher:

@dattrava Thanks for your reply. How we know the new project is safety enough? Do you have any idea or metrics to evaluate them?

Before adding investment methods of a new project into Bricher's data analysis and strategy recommendation algorithms, we need to manually review a wide range of information such as the white paper and the tokenomics of the project, their businesses, and their official audition, and their future direction, etc.

When the project is eligible, we evaluate the risk level of their investment methods through the BRicher's safety index. The final decision of course is up to users. But we always try our best to present all relevant, detailed, and exact information to support them to make good decisions.

@icezick said in Mind Combat: Call for innovative ideas to develop BRicher:

My idea: BRicher should also include a diagram in which investors will be able to compare the value of USD between capital token and the real value they will receive once the suggested strategy has been applied.

Wow, you share the same idea with @ryan. It seems that our beloved users love this feature. Luckily, the feature is almost finished and available soon!

@tonngokhong said in Mind Combat: Call for innovative ideas to develop BRicher:

@dattrava I think that because many people might have little time to keep track or investigate a suitable investment closely, to support users like us, BRicher should develop the automatic staking feature and notification through email.

Thank you very much for your idea and your consideration to BRicher, @tonngokhong. We have already developed "automatic invest" and "warning and notification" features. These features will be available very soon. Please stay updated with us!

@lulita said in Mind Combat: Call for innovative ideas to develop BRicher:

@dattrava My idea: BRicher should add on investment strategies for Knight NFT as well because in the Trava ecosystem, NFT plays an important part and many people are holding a Knight.

Thank you very much, @lulita. That would be very helpful feature for users. But that feature is surely very tough. Because the NFT price is unstable and is hard to determined, we would need to address many issues related to modelling NFT investment. Anyway, we will consider this and try to find a solution.