{"signature": "0xeabef64c0ae2a8dd5a61e8e011e3b81d83e29cb003c89f70d6bf2e5c3adce34e728da8d2ea31e2d4826a52f92974ea8396987ebec0ef77bd30fbec78efde5efb1b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "pYBsBgQ75hEsmiZ6beq/conPJV5JWytunnO5VK9QBtV/RqHYffsYGsFEO6DKNqXc", "encryptedSymmetricKey": "b03da65ecf6161321f4674b024b705ed22927cc1984f6a8206242402cc4ed63066bb54a82b93506f73ed2876fc2f5d15cf24b5a83c362b2199849cd773d30e22cd721466c1f677c05c10411d6a1039ebe32193b9da938f822c42e050d7fcf5ad4a6cd7e91bb0ef416b1da46df3d42bf0ea728b0e184401c0944826cf319d09e00000000000000020c13f5108343d7745b34c0915bcfb1f073dfc0a8538c03383ce1d86937838a95461aa3c3930264f0d2b076184e2544696"}}, {"type": "paragraph", "answer": "DeFi Liquidity Pools generally have isolated utility, e.g., pool for lending, pool for swaps, etc. Lekker, a winning project from ETH Lisbon 2022, addresses this problem by integrating lending and swaps (through Aave and Uniswap V3) to enable leveraged derivative trading. \n\nThere are two key parts of the project, the Lekker Protocol and the dApp, delivering the following benefits: \n\nA. **Through Lekker, users can open single-click leveraged positions, hedge and execute \u2018delta neutral\u2019 strategies**. Positions in the Protocol are represented by ERC20 tokens in a pool that holds the assets, making it a novel, fully backed leveraged derivative.\n\nB. **Lekker enables more intuitive and accessible derivative trading that appeals to a wider user base, adding significant utility to the Uniswap liquidity pools.** Derivative trading is expected to drive an increase in user engagement and liquidity.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "250000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "The requested funds will be allocated to security audits, completion of dApp, and initial marketing efforts towards protocol launch and adoption.  Funds will be accounted for as advanced payments for their corresponding expenses, being appropriated in the P&L upon expenses being incurred.", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "**Project Personnel: $64,500 (over 3 months) (25.8%)**\n\n- Project Lead and Engineering Lead: 2 FTE, total $14,000/m for 3 months\n- Full Stack Developer: 1 FTE, total $3,000/m for 3 months\n- UX/UI Designer and Frontend Developer: 3 PTE, total $4,000/m for 3 months\n\n**Security Audit and Optimization: $125,000 (50%)**\n\n- **Personnel**: External tier 1 providers.\n- **Cost Breakdown**:\n    - External Security Audits: $110,000 (Two comprehensive audits)\n    - Optimization Post-Audit: $15,000 (Developer time allocated to implement audit recommendations)\n    - In the event of remaining funds, excess will be fully allocated to bug bounties.\n\n**Marketing, Launch and General Access: $50,000 (20%)**\n\n- **Personnel**: Already accounted for in Project Personnel.\n- **Cost Breakdown (all allocated as rewards to the Arbitrum community)**:\n    - Arbitrum community rewards: $50,000 (over 6 months)\n        - Season 1: $10,000 Launch (trading competition)\n        - Season 2: $15,000 Retain (trading competition)\n        - Season 3: $25,000 Grow (refer a friend)\n\n**Contingency Fund: $10,500 (4.2%)**\n\n- Reserved for unforeseen costs across all project phases, ensuring flexibility and preparedness.\n\nPotential excess funds from any category will be allocated in the following order of priority:\n\n1. Security: Bug bounties, additional security reviews.\n2. Marketing: Community campaigns and rewards, hackathon bounties.\n3. Product: Further development of SDKs and readiness for the general public to build on Lekker.", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Derivative Protocols", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "Lekker is directly integrated with Uniswap V3 on Arbitrum. It fits in with Uniswap by providing users with new ways to trade leverage and hedge, thereby adding more utility to Uniswap\u2019s liquidity \u2013 every action of opening and closing leveraged positions through Lekker are executed on Uniswap V3.", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "Lekker will increase the number of swaps and the average swap value on Uniswap V3, directly benefiting LPs. It will increase liquidity in the Arbitrum ecosystem and offer a new category in leverage trading and strategy building. \n\nLekker also opens opportunities to continue expanding in the derivatives space, bringing new products, user experiences and appealing to a wider audience.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "The project is not yet audited. We plan to undergo comprehensive security audits with reputable firms before launch, ensuring Lekker\u2019s integrity and user asset safety. We initiated talks with auditors such as Trail of Bits and Cyfrin, facilitated by Chainlink.", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "https://github.com/LekkerFinance | The project is not yet open-source, however, we intend to open-source in the future (following similar path to Uniswap\u2019s development).", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "For the Lekker project, our chosen workflow is structured around Agile development practices.\n\n**Development Practices:**\n\n- **Agile Methodology**: Utilizing fortnightly sprints for planning, development, testing, and retrospective to ensure continuous improvement and delivery. Mid-sprint review to manage risks.\n- **Code Reviews**: Reviews are done before code merge to maintain high code quality and security standards.\n\n**Tools:**\n\n- **Version Control**: GitHub for source code management and version control.\n- **Project Management**: Clickup for tracking tasks, sprints, and milestones; Notion for documentation.\n- **Communication**: Discord for team communication and collaboration.\n\n**Programming Languages and Technologies:**\n\n- **Solidity**: For smart contract development.\n- **React/TypeScript**: For dApp development.\n- **Hardhat and Foundry**: For smart contract compilation, testing, and deployment.", "hidden": true, "question": "What is the workflow chosen for this project? (You can mention development practices, tools, programming languages, etc.)", "questionId": 11}, {"type": "short-answer", "answer": "https://alpha.lekker.finance", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Lekker targets DeFi enthusiasts seeking innovative trading solutions. Initially, we will target users that want an easy interface to obtain leverage and gain exposure to directional movements. As a second step, we open SDKs and APIs to enable third-party developers to expand the dApp ecosystem with various new user experiences.   **Market Launch Plan:**  - **Strategic Partnerships**: Collaborating with key players in the DeFi space to enhance product visibility and utility. Chainlink partnership already completed, now seeking partnership with Uniswap and Arbitrum through this grant. - **Community Engagement**: Create Discord and Telegram to gather feedback and foster a supportive community ecosystem. - **Targeted Marketing Campaigns**: Implementing marketing strategies focused on highlighting Lekker's unique value propositions to our target audience, utilizing both digital and traditional channels, including hackathon bounties.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "- Peter (Project Lead \u2013 Business & Product Engineering)\n- Asha (Engineering Lead \u2013 Senior Staff Engineer)\n- Alex (Full Stack Engineer)\n- Achim (Solidity Engineer)", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "**Peter Prado** (Project Lead, Business & Product Engineering) ([Linkedin](https://www.linkedin.com/in/pzprado/) & [Github](https://github.com/pzprado))\n\n- Background: Law & Finance, LL.B/JD, Specialization in Corporate Law and Capital Markets.\n- Experience: 18 years in tech startups as founder and leader, and in top-tier law firms. Two-time winner at ETH Lisbon ('22 and '23). Recently led the team at StarGarden Game, developing NFTs, SFTs, and the trading platform. Former roles at Rocket Internet and DLA Piper, where, respectively, co-launched and scaled Foodora (acquired by Delivery Hero), and led high-profile teams in multi-billion dollar deals.\n- Skills: Leadership and Management, Financial Modelling, Venture Development, Product Engineering (Data Analytics, Frontend and Solidity).\n\n\n**Asiya Gizatulina** (Engineering Lead \u2013 Senior Staff Engineer, Frontend) ([Linkedin](https://www.linkedin.com/in/asiyaasha/) & [Github](https://github.com/asyaasha))\n\n- Background: MS in Computer Science, Specialization in AI.\n- Experience: 7+ years of experience in Full Stack Software Development. Senior Staff Engineer at Palo Alto Networks, leading the development of multi-million dollar applications.\n- Skills: Frontend, Backend, dApp Integrations, and Developer Tooling.\n\n\n**Alex Had\u017eibabi\u0107** (Full Stack Developer \u2013 Solidity) ([Linkedin](https://www.linkedin.com/in/ah999/) & [Github](https://github.com/hadzija7))\n\n- Background: B.Eng, Computer Engineering\n- Experience: 5 years in Full Stack Software Development. Recently, ZK researcher and Teaching Assistant.\n- Skills: Solidity Smart Contracts, Zero Knowledge Proofs, Frontend.\n\n\n**Achim Huebl** (Smart Contract Developer \u2013 Solidity) ([Linkedin](https://www.linkedin.com/in/achim-huebl-a01403136/) & [Github](https://github.com/Achthar))\n\n- Background: BSc/Master in Mathematics.\n- Experience: 7 years of experience in Investment Banking, Quant Trading and Software Development. Formerly with Deutsche Bank and Deloitte. Deep technical experience with building and integrating multiple DEXs and Lending Protocols.\n- Skills: Solidity Smart Contracts, Financial Engineering.\n\nAdditionally, we expand the team on-demand with Venture Miner.", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "Lekker has already achieved several key milestones, including a partnership with Chainlink, deployment to the Arbitrum mainnet, and the development of a dApp MVP. The upcoming milestones are:\n\n**Phase 1: Frontend Completion and Smart Contract Reviews**\n\n- **Timeline**: Q2 2024.\n- **Objective**: Finalize the user interface of the first dApp in the ecosystem, ensuring it is intuitive, responsive, and fully functional and caters for the right audience (non-pro traders).\n- **Key Deliverables**:\n    - Full and complete frontend with improved UI/UX designs.\n    - Smart Contract Review and code freeze prior to Phase 2.\n    - Early user interface testing for usability and functionality.\n- **Supervision and Tracking**: Fortnightly sprints and mid-sprint reviews with the development team to monitor progress. UI/UX testing results will be reviewed in the fortnightly team meetings. Early user testing with 5-10 users.\n- **Budget**: $64,500\n\n**Phase 2: Security Audit and Optimization**\n\n- **Timeline**: Q3 2024 (probably start in Q2).\n- **Objective**: Perform the first round of comprehensive review and security audit of the Lekker smart contracts, and optimize the code based on audit findings.\n- **Key Deliverables**:\n    - Engage a reputable security audit firm (conversations already started).\n    - Address and implement audit recommendations.\n- **Supervision and Tracking**: Cadence yet to be determined with the selected partner to  establish a feedback loop, address findings, and implement optimizations.\n- **Budget**: $125,000 (two tier 1 audits, any excess allocated to bug bounties)\n\n**Phase 3: Community Early Users and Beta Feedback**\n\n- **Timeline**: Q2 to Q3 2024.\n- **Objective**: Launch a beta version of the first ecosystem dApp to a closed group of community early users for testing and feedback (10\u201350 people).\n- **Key Deliverables**:\n    - Recruit early users from the Lekker community. Establish community and marketing management.\n    - Collect and analyze feedback for improvements, and iterate on feedback.\n- **Supervision and Tracking**: Launch community management channels (Discord/Telegram) for direct communication with beta testers. Compile feedback in a centralized feedback management platform for review and prioritization in development sprints.\n- **Budget**: Already accounted for in Phase 1.\n\n**Phase 4: Marketing Launch and General Access**\n\n- **Timeline**: Q3 2024.\n- **Objective**: Execute a comprehensive marketing campaign to a broader audience and launch the platform for general access. Focus on customer awareness and acquisition.\n- **Key Deliverables**:\n    - Develop and deploy a multi-channel marketing strategy (social media, content marketing, partnerships).\n    - Officially open the platform to the general public.\n- **KPIs**:\n    - Reach 28K community members across all channels within 6 months of launch.\n    - Reach 10K monthly active wallets within 6 months of launch.\n    - Reach 10M in trading volume within 6 months of launch.\n- **Supervision and Tracking**: Marketing milestones will be tracked using channel analytics and on-chain data. Weekly marketing reviews will assess campaign performance against goals and adjust strategies as needed.\n- **Budget**: $50,000.00 (trading rewards to the Arbitrum community).\n\nFurther tracking will be done via this link: [https://lekkerfinance.notion.site/Uniswap-Arbitrum-is-Lekker-65c8918c7bf64f6ab35b6edd55a62b47](https://www.notion.so/Uniswap-Arbitrum-is-Lekker-65c8918c7bf64f6ab35b6edd55a62b47?pvs=21)", "hidden": false, "question": "What are the Project Milestones? (Be very specific and write a roadmap highlighting critical deliverables of the project; mention how you will ensure to supervise and track them).", "questionId": 16}, {"type": "paragraph", "answer": "The Lekker Protocol has been developed and refined over the past year. Its deployment on both Sepolia and Arbitrum Mainnet, albeit not yet open to the public, demonstrates technical readiness and operational stability. The corresponding dApp, while still in development, has crucial features already in place, such as ability to open and close positions, ensuring a workable platform for early adopters.\n\nThe majority of the grant will be allocated to conduct in-depth Security Reviews and to fund targeted marketing initiatives exclusively to the Arbitrum community. These efforts are essential for a successful public launch to the Uniswap and Arbitrum community.", "hidden": false, "question": "How do you plan to reach these milestones? (Explain the project feasibility).", "questionId": 17}, {"type": "multiple-choice", "answer": "No", "hidden": true, "question": "Has this project already been funded by other Grant Programs?", "questionId": 18}, {"type": "checkbox", "answer": ["I confirm."], "hidden": true, "question": "I confirm that I have read the Code of Conduct and that I have filled out this form correctly and truthfully.", "questionId": 19}, {"type": "checkbox", "answer": ["I understand."], "hidden": true, "question": "I understand that I will be required to provide KYC information by the UAGP team in case my application is accepted.", "questionId": 20}, {"type": "short-answer", "answer": "In the Uniswap discord server.", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Lekker is part of Chainlink Build, a strategic partnership program that provides Lekker with full support from Chainlink across all areas, including technical and marketing support. It also provides numerous opportunities for future expansion through new Lekker products.\n\nWe view the Uniswap-Arbitrum grant as an avenue to develop our engagement with both communities and to strengthen a strategic partnership aimed at creating innovative derivative products powered by Uniswap.\n\nSince winning at ETH Lisbon in 2022, Lekker has been self-funded, with some team members contributing on a full-time basis and others on a part-time basis.", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "We have no special requests at this time. Thank you for considering our application and for your support towards the mission of expanding the DeFi ecosystem.", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73ab205af1476dc22104a6b8b3d4c273b58c6e27:486", "title": "Lekker Finance", "logoImg": "bafkreiflntl5odaatojvnxnfe7e7wfo5woidmoacez6npigyan7whkklsq", "metaPtr": {"pointer": "bafkreiaqushpdfhsebxdth3srw3btxgptdqysudkabhtjrmcrfnyu4l66a", "protocol": "1"}, "website": "https://lekker.finance", "bannerImg": "bafkreigcgcxdqut5ixqtxhsvrpn7ebpsu3gf6mqv324adhloe2wa6aoz2e", "createdAt": 1707319812811, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..hegn3By-3BPj_bDgQgJtV-zvoLVOEnTAOKtEpmhuf_lbwuQTa2vGZRdA8f4vGqX53XvJNcagrd7tAvdxcKJ-BA", "type": "Ed25519Signature2018", "created": "2024-02-07T15:00:49.321Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-02-07T15:00:49.320Z", "expirationDate": "2024-05-07T15:00:49.320Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x6bfA7582C4Ba2eDdcBf779E3981cb967097AB31e", "hash": "v0.0.0:4M7Ln4AB5U0FTrUMPOUe2vNvIvD7merNZqtjns2UUiA=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#LekkerFinance"}}}, "description": "# A New Gateway for On-chain Derivatives\n\n## Overview\n\n**Lekker** is an innovative protocol designed to redefine how leverage, hedging and other products are accessed in DeFi. By **aggregating liquidity from Uniswap and Lending Protocols**, Lekker enables the creation, tokenization, and trading of on-chain derivatives such as leveraged positions with unmatched efficiency and robust backing. Our mission is to enhance liquidity utilization, broaden accessibility, and foster a more interconnected DeFi landscape.\n\n## Key Features\n1. **Liquidity Aggregation**: Seamlessly pools liquidity from Uniswap and leading DeFi lending protocols like Aave, optimizing capital efficiency and market depth.\n\n2. **Tokenized Positions**: Enables users to tokenize their positions, offering flexibility and enhanced liquidity management.\n\n3. **Non-Stablecoin Denominated Pairs**: trading pairs not tied to traditional fiat-pegged stablecoins, opening up a wider array of novel strategies.\n\n## Vision\nWe envision a DeFi ecosystem where liquidity is not siloed but integrated and freely accessible through Lekker, empowering both retail and institutional participants to explore and implement new strategies and models. \n\nLekker is committed to be at the forefront of this transformation, driving innovation and accessibility within DeFi.", "lastUpdated": 0, "projectGithub": "LekkerFinance", "projectTwitter": "LekkerFinance"}, "recipient": "0xfbA7ec276c00585eCD3AbAF5919140086CC27496"}}