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Request for Proposal: 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 Cross-Chain Virtual Machine(XCVM). 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 XCVM-powered stablecoin for multi-chain usage. Requirements for creating a custom XCVM-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 XCVM
  • A minting contract must be on each chain that you want to mint your coin on
  • An XCVM 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