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Request for Proposals

Composable is aware that the DeFi community is made up of incredibly innovative people and projects. To promote collaboration with others to deliver the best products and services to users and the industry at large, the following requests for proposals (RFPs) are open to the public:

RFP : Canonical Stable Coin Design and Integration​

Introduction:​

Composable Finance is seeking proposals from qualified blockchain developers to design and integrate a Proof-of-Concept for a custom stablecoin for multi-chain usage using our proprietary Composable Virtual Machine(CVM). The goal of this project is to allow projects to create and maintain mint and burn privileges for issuing truly canonical stablecoins across different chains.

Requirements & Scope of Work:​

The purpose of this RFP is to build a proof of concept for a CVM-powered stablecoin for multi-chain usage. Requirements for creating a custom CVM-powered stablecoin for multi-chain use are as follows:

  • Design and develop a custom stablecoin for multi-chain usage using our technology stack, specifically the CVM
  • A minting contract must be on each chain that you want to mint your coin on
  • An CVM contract must be on the chain of your choice in order to control mint and burn via Inter-Blockchain Communication (IBC) Protocol messages between chains
    • This will handle the actual accounting of the stablecoin

Evaluation Criteria:​

Proposals will be evaluated based on the following criteria:

  • Quality of past work and experience with similar projects
  • Understanding of the project scope and ability to meet project requirements
  • Proven ability to deliver projects on time and within budget
  • Quality and clarity of the proposal
  • Cost

Submission Requirements:​

Please submit the following materials as part of your proposal:

  • A detailed project plan outlining your approach to the stablecoin design and integration project, including timeline and deliverables
  • A detailed cost breakdown, including any additional fees or expenses

Contact Information:​

If you have any questions about the RFP or the project, please contact us at outreach@composable.finance