Authors: @jameswmontgomery.eth
Date: 07/06/2021
Summary
Linus is a low-touch, “crypto behind the scenes”, simple financial web app to secure stable rates. Primarily, it is for non-natives looking to capture simple 4% yields without the need to scroll past walls of crypto prices or see the word “bitcoin” anywhere.
Linus has agreed to modify their Referral program to pay out referral fees to BanklessDAO via on-chain USDC.
BACKGROUND
I know the founder of Linus and he was willing to modify their referral structure to support on chain revenue. It’s a good product that serves its niche.
MISSION & VALUES ALIGNMENT
On chain revenue using media nodes!
SPECIFICATION
There are no hard requirements. We have the opportunity, like any classic referral program, to scale as we see fit.
The Linus team will create a custom dashboard and payout flow for BanklessDAO to be sent $20 USDC for every account that signs up and adds $100 to their balance. Payout will likely be once per month.
FINANCIAL IMPLICATIONS
No payment is required.
BRAND USAGE
Linus does not require our branding. We promote how we see fit.
SUCCESS METRICS OR KPIS
This program would be measured by total monthly referral payments, but would ultimately be a function of our promotion of this product & link.
NEXT STEPS
Once we decide to move forward, I will facilitate the creation of the BanklessDAO referral account and relay the multi-sig address to the Linus team for their payouts.
Once we have a link, we can promote in our newsletter and keep the opportunity stabled for use in any Media Node project.
SQUAD BACKGROUND
jameswmontgomery.eth - I have been keeping in touch with Linus CEO Matt Nemer for about 2 years. No financial stake.