cantaro86
commented
2 years ago Very happy to keep working on this project and to extend the Silkswap invariant to a multi-pool AMM. Thank you so much for this opportunity!
Open CarterLWoetzel opened 2 years ago
cantaro86
commented
2 years ago Very happy to keep working on this project and to extend the Silkswap invariant to a multi-pool AMM. Thank you so much for this opportunity!
Project Description
Convert the SilkSwap invariant to be compatible with a 3-pool & 4-pool set up on ShadeSwap. Additionally, include [REDACTED] innovation on existing stableswap to improve capital efficiency for large trades. The creation of a multipool will help build stability for Silk as well as additional utility. This multipool can become the focal point of Secret Network & Cosmos liquidity, while also maintaining key privacy properties that empower private trades and DeFi interactions.
Importantly, the conversion of the SilkSwap invariant to a multipool set-up must ensure that reasonable gas fees are maintained during the computation.
Result
A multi-pool stable set up combined with the SilkSwap invariant that will encourage Silk adoption and protect Silk during periods of volatility.
Research Value Capture
Stableswap Silk liquidity Silk utility More efficient stableswap implementation ShadeSwap adoption
Team members
Canaro86
Team's experience
PHD in Mathematics Successfully created the SilkSwap invariant outlined here
Development Roadmap
The creation of the multipool invariant using the previously research StableSwap invariant is broken up into three milestones
Milestones: Preliminary Research (weeks 0 - 5) Model Presentation / Simulation / Documentation (weeks 5 - 10) Psuedo Code Implementation (weeks 10 - 13)
Completion of milestone one will result in 500 SHD. The completion of milestone two will result in 1.5k SHD. The completion of milestone three will result in 500 SHD + $5,000 USDC. Total: 2,500 SHD + $5,000 At current market prices (~$10) this amounts to approximately $30,000.