The problem DAOplex solves

Small-scale DAOs often have trouble raising funds. This project intends to help DAOs gain access to stablecoin capital. A DAO can register to be a part of DAOplex and release their plex bonds. Here they choose the total amount of DAO tokens to asociate with the bonds, say 100000, and choose the stablecoin they desire to sell their bonds in, and the expiration date of the bonds. The bonds are available as NFTs with each NFT associated with a fragment of the total amount of DAO tokens, say 100. The bond is locked with the current price of the DAO token. The users can view bond plexes of various DAOs and choose to buy them using stablecoin. This amount is sent to the DAO treasury. They receive an NFT to denote their bonds position. After the expiry date of the plex bonds, the user can return the NFT to redeem the tokens at the earlier price. So the user bets on the price of the DAO token to go up, such that they can make a profit. On the other hand, the DAO sells bonds associated with DAO tokens so as to raise stablecoin capital in a quick manner. It is mutually beneficial.

Challenges we ran into

We had trouble with Rust at the beginning. Then we learned about Neon EVM and deployed our smart contracts on that network.