Skip to content

Conversation

@jshear
Copy link

@jshear jshear commented Sep 25, 2025

Checklist

Showcase addition

  • Title: BankFi
  • Description: BankFi is a platform where users can purchase a lifetime share of rewards from a diverse selection of revenue-generating opportunities. We aim to provide options for everyone's unique financial goals, maximize rewards through scale, and achieve sustainability of all revenue sources.
  • Website: https://bankerlabs.io/
  • Source: null
  • Tags:
    • daotool
    • token
    • nftproject
    • funding

Copy link
Collaborator

@rphair rphair left a comment

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

@jshear I think the concept you've provided in the Description: would be good for Cardano DeFi. I would be interested in finding out more, but in the meantime note the term daotool is for systems that help people manage their own DAOs, not for projects that have a DAO in them (so please either justify or remove that term).

The thin documentation on this site makes it look fishy. The offerings seem, without a full investigation by signing up or connecting a wallet (which shouldn't be required to learn more), like ways of collecting funds from token and NFT sales. Dev Portal users would need to land on, or very near, a page with an abundant and transparent explanation of how your overall system works.

This would be important also for the funding tag because visitors would have to know how to create their own funded projects there: since those currently listed look like they're either props or original partners in your project... so we would need to see evidence that new partners could join & documentation of how they would start.

Reviewers often need to act like skeptics to validate these projects; so please try to answer this question in pointing us to, or posting, the requested documentation: "How would I be able to verify that this project isn't a Ponzi scheme?"

@rphair rphair added the showcase Indicates a PR/issue on showcase label Sep 28, 2025
@jshear
Copy link
Author

jshear commented Sep 29, 2025

@rphair Thank you for the feedback!

I'll provide a little more context here, and then I'll move forward with your judgement on whether or not "daotool" and "funding" are accurate.

DAO Tools context: When projects (such as Hoskilien, as you can see on the BankFi page of the dashboard) launch with us, users that fund the project receive units that can be used as 1:1 voting power in governance votes created by that project. I will concede that this is not an open-source tool, and it is also only available for projects that launch through us, which we have full control over and apply a fairly strict filter. If the "daotool" tag is intended to mean a tool open for use by anyone, then it would not apply to us and we can remove it. If it is intended to mean a tool that can be used by paying clients and/or partners, then I do believe it applies to us. As mentioned, I'll leave that to your discretion.

Funding context: Similar to what I described above, we do onboard projects to launch their collections/tokens and raise funds, however there is a filter applied and it is not open for everyone.

One additional piece of context is that in Q2 this year BankerLabs and Yepple merged. Yepple is a Cardano development firm that has launched hundreds of projects on Cardano (NFT mints, token sales, and countless custom development services). Here is Yepple's website. Because of this merger, I admit that a lot of our information is still pretty piecemeal as we work towards creating a more cohesive platform. Most of our community lives on Discord, which is where much of our information is, but I understand that the spirit of this Showcase should not require a user to explore separate platforms for information. We do provide this FAQ for a deeper dive into how things work, but again I acknowledge that this information is not available in a typical landing-page format and our informational presentation is still a work in progress after the merger despite the product being operational on mainnet.

Perhaps it would be best to remove the "daotool" and "funding" tags for now, and in a few months (once our informational content is caught up for all of our offerings) we would add them back in?

I'm happy to answer any other questions if they exist!

@rphair
Copy link
Collaborator

rphair commented Sep 29, 2025

Thanks @jshear for #1655 (comment) which I believe does justify the term daotool (though other reviewers might not agree) since I can see how a voting DAO with token-based membership could indeed be constructed using your service.

This, and the mechanics for funding (especially given the early state of your project that you have identified), would make great topics in the documentation that I'm still hoping to see before approving this. If growth of BankFi has proceeded by a lot of channels & efforts, it could help create a powerful impression if you consolidate the various information sources that have gone along with your project growth.

Once you have these posted on the web site and/or app (so unprivileged users can see them before signing up or connecting a wallet) — as well as some reassurance about your financial model, so that subscribers can be sure of its fairness to old & new users, and to both inviduals & partners — I'll be happy to revisit this for review.

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment

Labels

showcase Indicates a PR/issue on showcase

Projects

None yet

Development

Successfully merging this pull request may close these issues.

2 participants