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Welcome to the Stacks Foundation Grant Program. Community members interested in submitting a grant proposal may do so by opening an issue in this repository and filling out the grant application.
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Symphony Finance & Stacks #755

Closed galrolnd closed 1 year ago

galrolnd commented 1 year ago

APPLICANT

Type:                                                                        Direct Application

Email:                                                                    symphfi@gmail.com

Discord:                                                    galroland#3799

Twitter:                                                        SymphonyFinance

Stacks Forum:           

GRANT BASICS

Grant Name:                                        Symphony Finance & Stacks

Total Budget:                              20,000

Total Duration:                 1,500

Grant Type:                                               Open Source Dev 1st time Grantees

Grant Track:                                          Stacks dApps & Clarity

Grant Goal:                                               Improve Existing Technologies

Grant Audience:             End Users (Consumer)

Specific Audience:         DEX traders looking to earn more money

Grant Team:                                       0xKakashi

Previous Grants:                      

Ecosystem Programs:      

GRANT MISSION, IMPACT, RISKS & REFERENCE

Grant Mission:         Symphony DEX is the composability layer that aggregates prices and liquidity across all DEXs and DEX aggregators, providing you with the best prices and fastest execution speeds for your trades. This way, you can buy and sell tokens more capital-efficiently than ever. Your trades keep earning yield on safe protocols like Aave, Yearn, etc. till the time they execute.

Symphony also offers limit and stop loss order features, allowing maximum flexibility for various trading strategies. These features help protect you from depegs and let you DCA effectively during market dips - while still earning you interest.

Along with being the only yield-generating DEX, Symphony DEX is also a certified gnosis-safe standard platform, allowing users to control their digital assets with much more granular permissions. It is the perfect protocol for multisigs, DAOs & funds to diversify their treasuries. We are proudly backed by Aave, Balancer, and Mstable grants.

We have already integrated with industry leaders like Uniswap, Aave, Balancer, Paraswap and are open to integrating with more protocols such as Velodrome & other DEXes, DEX aggregators, and lending & yield optimizers thereby bringing more growth to the broader Stacks ecosystem.

Grant Impact:               Exceeding 1000 unique wallets onboarded onto Stacks 2x activity than Symphony on Optimism At least 2 limit orders per wallet (to prevent airdrop hunting)

Grant Risks:                          Current FTX meltdown. But as users move away from CEXs, we'll need to educate them on deep levels on how to use our products.

Support Link:                                     In the deck

GRANT ROADMAP & DELIVERABLES

MILESTONE 1:

Deliverable:                   1,000 unique wallets

FINAL DELIVERABLE

Deliverable:                   Integrating Symphony's solutions to Stacks

stacks-foundation commented 1 year ago

👋 @galrolnd
Thanks for your application! We will do a pre-review and let you know if we have any immediate questions. In the mean time please refer to our review schedule here for a detailed timeline and response dates.
Best, Will

will-corcoran commented 1 year ago

@galrolnd it appears #756 #757 and #758 are duplicates of this application. please confirm so I can close those Issues. Thanks, Will

galrolnd commented 1 year ago

Hey Will.

Unfortunately, yes. Submit button stuck on your site, that's why the duplicates. Thanks for the understanding.

will-corcoran commented 1 year ago

Hi @galrolnd -

Thanks for the application and the well crafted pitch deck, but we are going to pass on your application. At this time the grants program is laser focused on critical ecosystem priorities (outlined here) and will primarily be deploying funds via critical bounties. Additionally, we don't provide grants for CEX or DEX listings. I would encourage you to reach out to Mitchell@stacks.org (Head of Growth) to see if he has any ideas regarding how to support this effort.

Best, Will