{"signature": "0xbf862ba78c7faea38afbb21ed5c12ccdad99d3394ecd9404f09a1ed95725f2c6164c3a32c0edbde6265698cfcdcf389c07a3c04eaf0c0e5b8b04857cec8431f61b", "application": {"round": "0x23b136ed9b30323b9c6ece32f60e11acb5480010", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "bIRJ0Y4XEsRe7tLxrXJTyFaFhg11zcrjC94/bQYZp8vTDtHmxVZHe84/KwMeCQek", "encryptedSymmetricKey": "7f292dcd89e4c9909dbfdf2e2da6a86ba93ce18063bf0b3815b69d4eafbe68d212762e8bc5e3e42867a65f9120947c0b676cadc1ea7618fb707f04d6c9075e9cc5a3433f044c0c0442e7ee192a8cb4e7e392d57d1fd261b6d5728444084d40a8aa7e42df0a9d90fb42fa3e85484689abc711d148498a18dfffc2fe3b99a859a10000000000000020b134d5aca5ea72f7c95d626bf366b33c168a5c732a03ac03f22c80cc915369f1448330d120b09084b6c6743ae29c0280"}}, {"type": "paragraph", "answer": "D2.Finance captures the sophistication of a top-tier hedge fund through innovative vault architectures. Our project features a bespoke non-custodial smart contract vault, enabling user capital deposits during specifically timed funding epochs. These epochs are tactically aligned with the current opportunity landscape, setting us apart from the typical offerings in the DeFi vault sector that often rely on static strategies. This dynamic approach positions us to stay ahead, effectively navigating the markets where static strategies ( what other DeFi vault protocols are currently offering) may become less effective over time.\n\nThis capital is then actively managed and traded by our adept D2 quant trading team, which boasts extensive experience in multiple top-tier hedge funds, including pag.com 1. Following each trading epoch, users can withdraw their USDC deposits along with the corresponding profit or loss.\n\nEach of our options-based vaults employs a distinctive trading strategy, meticulously designed to take advantage of diverse market inefficiencies. This approach allows for exposure to varying levels of risk. Additionally, we\u2019re poised to offer customized solutions, such as a-la-carte beta (ETH exposure), coupled with absolute return strategies. This flexibility will be contingent on the prevailing opportunity set, ensuring adaptability and responsiveness to market conditions.\n\nOur approach to quantitative signal generation leverages in-house machine learning and modeling expertise. These signals are then qualitatively refined by human traders, extracting optionality and exposure at a discount by capitalizing on the inelastic behaviors of options end-users (e.g., convenience yield, barriers to entry). This results in a hybrid model that amalgamates quantitative and qualitative inputs, providing a true Quant Hedge Fund experience on-chain.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "100000", "hidden": true, "question": "Amount requested", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "paragraph", "answer": "Updated agreed milestone\n\nMilestone 1 - Dec 22nd - Launch of Vaults for Public :: 12.5K ARB\n\nMilestone 2 - Jan 15th - Target TVL 40k , Target Volume 200K in GMX for the period (22 Dec 19Th January):: 12.5k ARB\n\nMilestone 3 - Feb 15th - Target TVL 1M, Target Volume 3M in GMX for the period ( 19th January / 16th February):: 75K ARB", "hidden": false, "question": "Milestones", "questionId": 4}, {"type": "paragraph", "answer": "Head of Trading- Luca  ( Portfolio manager in Volatility Strategies for Multiple Billion Dollar AUM Hedge Funds)\nGrowth - Frank (also Rodeo)\nCommunications/Community - Vate (also Mithical)\nPlus 5 contributors with payments at delivery ( also Jpeg / Rodeo / Umami)", "hidden": false, "question": "Team Members and Qualifications: [List team members and their qualifications, roles, and responsibilities]", "questionId": 5}, {"type": "number", "answer": "8", "hidden": false, "question": "Team Size", "questionId": 6}, {"type": "short-answer", "answer": "NA", "hidden": true, "question": "Grant Matching:", "questionId": 7}, {"type": "paragraph", "answer": "NA", "hidden": true, "question": "Grant Breakdown", "questionId": 8}, {"type": "short-answer", "answer": "3/5 Multisig", "hidden": true, "question": "Funding Address Characteristics: [Enter details on the status of the address; eligible address must be an MPC wallet\u00a0or 2/3 multisig with private keys securely stored]", "questionId": 9}, {"type": "short-answer", "answer": "0xe7eb925300075e49fc5caad5d408a50dd22f92d6 ", "hidden": true, "question": "Distribution Contract Address: [Enter any specific address that will be used to disburse funds for grant recipients]", "questionId": 10}, {"type": "short-answer", "answer": "0x31ff6ccef7f82057c382ee19ca853101bccd3a5e", "hidden": true, "question": "Incentivised Contract Addresses: [Enter any specific contract addresses that will be incentivised in your program (Pool addresses, contracts, etc.)]", "questionId": 11}, {"type": "paragraph", "answer": "D2 will utilize the grant incentives to attract liquidity into our managed vaults. ", "hidden": true, "question": "Objectives: [Clearly state the primary objectives of the grant and what you intend to achieve]", "questionId": 12}, {"type": "paragraph", "answer": "Updated agreed milestone\n\nMilestone 1 - Dec 22nd - Launch of Vaults for Public :: 12.5K ARB\n\nMilestone 2 - Jan 15th - Target TVL 40k , Target Volume 200K in GMX for the period (22 Dec 19Th January):: 12.5k ARB\n\nMilestone 3 - Feb 15th - Target TVL 1M, Target Volume 3M in GMX for the period ( 19th January / 16th February):: 75K ARB", "hidden": true, "question": "Key Performance Indicators (KPIs): [Specify the KPIs, including but not limited to total value locked, transaction volume, and number of users that will be used to measure success in achieving the grant objectives]", "questionId": 13}, {"type": "paragraph", "answer": "The D2.finance vaults utilize these AUM for trading across Arbitrum protocols (with a large focus on GMX), which has a direct correlation between AUM and fees generated for integrated protocols. The primary benefit for GMX, beyond additional fees through notional trading volume, is that D2 implements trading strategies which take advantage of funding rate mismatches which has the effect of balance the funding rates.", "hidden": true, "question": "How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?: [Provide details]", "questionId": 14}, {"type": "paragraph", "answer": "Higher TVL translates into increased fees and reflects growing user trust and confidence in our protocol. This will be beneficial not only for our protocol but also for GMX , as it will drive higher liquidity and trading volume for them.", "hidden": true, "question": "Justification for the size of the grant: [Enter explanation]", "questionId": 15}, {"type": "paragraph", "answer": "Implementation Strategy: Utilizing our audited adapters as a base, we will ensure seamless compatibility with GMX V2\u2019s architecture. Collaboration with partners like Dolomite, Rodeo (whose CTO is actively involved in the D2 project), and GMX will facilitate an efficient integration process.", "hidden": true, "question": "Execution Strategy: [Describe the execution plan, including resources, products, use of funds, and risk management. This includes allocations for specific pools, eligible assets, products, etc.]", "questionId": 16}, {"type": "paragraph", "answer": "Timeline:\n\nASAP to December 15th: Integration and partner audits.\nDecember 15th to 22nd: Internal testing.\nDecember 22nd to January 19th: ETH++ / ARB++ capped epochs.\nJanuary 19th to February 16th: ETH++ / ARB++ / GRAIL++ 5x CAP epochs.", "hidden": true, "question": "Grant Timeline and Milestones: [Describe the timeline for the grant and milestones.]", "questionId": 17}, {"type": "paragraph", "answer": "yes", "hidden": true, "question": "Fund Streaming: [Do you accept the funding of your grant streamed linearly for the duration of your grant proposal, and that the multisig holds the power to halt your streamed grant at their discretion at any time?] ", "questionId": 18}, {"type": "short-answer", "answer": "11/11/2022", "hidden": true, "question": "What date did you build on GMX?: [Date of deployment]", "questionId": 19}, {"type": "paragraph", "answer": "Please note that past performance is not indicative of future results.\n\nGLP++ 86% APR (5 epochs) https://twitter.com/BondiWealthSec/status/1645687589637328896?s=20 1\n\nARB++ 33% APR (1 epoch) https://twitter.com/BondiWealthSec/status/1663034922611937281?s=20\n\nETH++ 31% APR (1 epoch) https://twitter.com/BondiWealthSec/status/1630469337453821952?s=20", "hidden": true, "question": "Protocol Performance: [Detail the past performance of the protocol and relevance, including any key metrics or achievements, dashboards, etc.]", "questionId": 20}, {"type": "paragraph", "answer": "Currently Private Fund ETH++ Vault trading\nDec 2023 - Open ETH++ Vaults for public deposit\nV3 vault cross chain deposit and additional partner integrations to facilitate seamless liquidity from other chains and additional tools for trading and leveraging GMX.", "hidden": true, "question": "Protocol Roadmap: [Describe relevant roadmap details for your protocol or relevant products to your grant application.]", "questionId": 21}, {"type": "paragraph", "answer": "https://paladinsec.co/projects/d2/", "hidden": true, "question": "Audit History (if any): [Provide historic audits and audit results]", "questionId": 22}, {"type": "short-answer", "answer": "Yes", "hidden": true, "question": "Is your team prepared to create Dune Spells and/or Dashboards for your incentive program?: [Please describe your answer]", "questionId": 23}, {"type": "short-answer", "answer": "yes", "hidden": true, "question": "Does your team agree to provide bi-weekly program updates on the GMX Forum thread?: [Please describe your strategy and capabilities for data/reporting]", "questionId": 24}, {"type": "short-answer", "answer": "yes", "hidden": true, "question": "Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program's funding stream?: [Y/N]", "questionId": 25}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:399", "title": "D2 Finance", "logoImg": "bafkreihmgmtba4g7kc57cgwopbagii5a4rtaunmv3ihe4gabygv6tewp4m", "metaPtr": {"pointer": "bafkreibrohb3cvul6a5wtuf3bbzd6cmg2wukebpswmiwojtradi655s72q", "protocol": "1"}, "website": "https://d2.finance", "bannerImg": "bafkreifu75l75lhvsezwzfrs3iecuc2n7ndxthhlwquqxdvizkdh35i2ly", "createdAt": 1702444018215, "credentials": {}, "description": "D2.Finance brings the sophistication of a top-tier hedge fund on-chain. Single click deposit into Options Based Strategies focused on risk-adjusted returns through decentralized, actively managed vault architecture, tailored to varying risk levels. \n\nD2 Finance aims to harness its existing and burgeoning institutional fund contacts to facilitate on-chain asset exposure through institutional infrastructure and risk-adjusted strategies. ", "lastUpdated": 0, "projectGithub": "Bondi-Wealth-Security", "projectTwitter": "Dsquaredfinance"}, "recipient": "0xe7eb925300075e49fc5caad5d408a50dd22f92d6"}}