I’ve spent the last few days creating this website, and putting the finishing touches on ymerch’s first piece inspired by Dr Dre’s iconic album “The Chronic”
The Cronjec Tee will drop tonight (September 8) at 6pm UTC.
The ymerch store will sell 1 YFI related piece of merchandise per month in very limited numbers, creating a collectible line of clothing.
Our background before crypto was fashion, so we’ve paid close attention to detail and quality, creating something that isn’t just top memery, but also actually wearable.
We’ll also be posting here more frequently as we want to take design requests, suggestions and submissions from this awesome community to help develop future limited edition pieces.
100% of profits will market buy YFI on Uniswap, and TxID proof will be tweeted regularly on the loldefi Twitter.
Special thanks to Klim for supporting this project!
I can only assume there are some technical barriers or limitations otherwise it would have been done already… I’m not sure what goes into the backend of making something like this. I know no one wants to use Coinbase to check out though lol.
I’d be curious if someone offered to create a decentralized merchant processing system/protocol if the Yearn community would fund it?
@loldefi What would you really need in such a tool? If you could create an account in a smart contract and people can place orders by sending in YFI + encrypted shipping info, you can then receive the payments and decrypt with your Ethereum key would that be sufficient?
If such a protocol took a 0.20% protocol fee and sent it to Yearn or it own governance vault would you be ok with that?
I would be more than ok with that! I would actively encourage and welcome anyone who has the ability to create that definitely create it.
The only issue following that would be getting the garments made using the value transacted. As I’m currently using a dropship service, I would have to sell the crypto manually on my end and then pay the supplier with that fiat. All in all a longer process which would probably incur more fees for the merchant (me).
An ideal scenario would be someone creating a Shopify integrated app or alternative payment method which can be used internally with the Shopify ecosystem. This also goes for SquareSpace and WooCommerce.
If this type of infrastructure was created for any of the above store providers, I would happily jump ship to whichever had the rails in place to accept any ERC-20.
Failing that, perhaps in the future, if I can take some profits from sales instead of using it to buy YFI, I can gather enough funds to pay to have the merch created upfront, and then I can take care of shipping and payments in crypto manually myself.
I work at Origin and would be happy to help onboard you to our Dshop platform which is basically a decentralized Shopify alternative. Content can be hosted on IPFS or GCP and any ERC-20 can be accepted as payment. Plus there is integration with Stripe, PayPal, and Printful (on-demand apparel company). Everything is free and we can walk you through the process.
I’m currently using Printful right now with Shopify so I can onboard with you guys and then just log in to my Printful account and all the products should still be there!!
