Closed galrolnd closed 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
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