cryptokage1996
commented
2 years ago @mannyreimi88 based on reading above Abstract, according to my understanding we are trying to create a swap similar to cowswap right?
Open manymoneymanny opened 2 years ago
cryptokage1996
commented
2 years ago @mannyreimi88 based on reading above Abstract, according to my understanding we are trying to create a swap similar to cowswap right?
manymoneymanny
commented
2 years ago @mannyreimi88 based on reading above Abstract, according to my understanding we are trying to create a swap similar to cowswap right?
@26vivek06 we'll integrate the CowSwap contracts into our UI and use the Balancer UI integration and CowSwap's official UI as templates to our own UI. So, yes, it shall be virtually identical to CowSwap and will use the same Cow Protocol contracts on the backend to get quotes, do token approvals, do the gasless swaps, provide the end-results, etc.
manymoneymanny
commented
2 years ago @26vivek06 please move the issue to "in-progress" (or let me know and I'll move it) once you have a PR of your development branch attached.
Abstract
This product backlog item consists of an enhancement to our Pickle UIv2 that provides a functional swapping module consisting of a page in the Pickle UIv2 app with a swapping interface that allows users to select between two any tokens and uses the CowSwap service behind-the-scenes to route the swaps. Besides presenting graphic familiarity with DEX swapping interfaces in general and the CowSwap interface in specific, the different states of the swapping flow in the app should follow the same UX as found in the CowSwap app itself.
Job Stories
Job Story no. 1
When users need to sell or buy tokens I want to keep them on the Pickle app So that I can study their behavior and offer them add-on services
Job Story no. 2
When users need to sell or buy tokens I want to offer affiliated swapping services on the Pickle app So that DILL holders can have another revenue stream
Priority
Impact
We believe this release can generate a new revenue stream for Pickle. As Pickle users can be quite active traders, this new revenue stream is likely to be significant. Currently, Pickle has annualised revenues of around $4.3M. Should this revenue stream amount to an additional $500k–1M in new revenues it would bring in significant economic benefits to $DILL holders.
Confidence
I am 50% confident we will realise the predicted Impact. This is because CowDAO has not enabled incentives for an affiliate programme yet, therefore there are no terms and conditions we could use to evaluate. What we know is that given we process yield, we generate trading volumes of about $25M annually at present and adding 10,000 trading users to that we could be generating $30-35M in annual volume for an affiliated DEX. Using a meta-DEX aggregator like CowSwap which will integrate DEXs from many chains means that an affiliate fee of 1.5–3% or so would give us the desired Impact. This is quite high, as $35M of volume generates a DEX about $100k in fees, and as an affiliate maybe we could expect 10-20% of that. Of course, our volume would grow as we grow in users and processed yield.
Ease
This should take an experienced full-stack engineer familiar with Web3 around 35-40 man-hours to design, develop, test, deploy, and integrate.
Deliverables / Acceptance Criteria
/swapAssets
(Balancer implementation of CowSwap integration) https://github.com/balancer-labs/frontend-v2/tree/develop/src/services/gnosis (Balancer swap UI) https://app.balancer.fi/#/trade (uses CowSwap when users toggle "trade gasless" on) (CowSwap app UI) https://cowswap.exchange/#/swap (frontend code review and guidance) please ping @janklimo (
jan#7608on https://discord.gg/pickle-finance) (graphics and illustrations) please ping@fennec(fennec#1000on https://discord.gg/pickle-finance) (CowSwap GitHub) https://github.com/gnosis/cowswap (CowSwap Discord) https://discord.gg/cowprotocol