#321·Treasury Proposal - CryptoLab Staking Website (milestone 1)

Short description

The CryptoLab aims to help non-technical nominators build stable and risk-controlled cash flows via well-designed and financial tools. The core idea is that we want to make staking the same as an investment. Therefore, we help nominators to build good portfolios and to manage their portfolios to control risk and revenue. Portfolio management is challenging in Polkadot/Kusama system because they are NPoS consensus.

We design the CryptoLab website to help users to do their cryptocurrency financial management. Our goal is to make staking comprehensive to people who may not be yet familiar with blockchain, from basic wordings to data representation. We plan to provide the following features in this stage,

• Portfolio Benchmark

• Portfolio Management

Portfolio Benchmark helps nominators to evaluate which validators they should stake on. They can simply choose and nominate from our pre-built strategies or set their conditions on different criteria to get a list of validators. And it is just the first step.

The real difference that makes CryptoLab outstanding is Portfolio Management. We want to help nominators track their revenue and suggest new sets of validators according to the criteria they set. In addition, we want to maintain nominators make adjustments in time to prevent profit loss by notifying them when a validator increased its commission or when a validator is being slashed.

The CryptoLab staking website supports both Polkadot and Kusama networks. Please note that this proposal is only for milestone 1 on Kusama. We will submit the milestone 2 & 3 to the Polkadot Treasury once we finish the milestone 1.

Please look at our full proposal for more detailed information. Feedback would be greatly appreciated. Thank you.

Some newly designed wireframes are following.