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