{"signature": "0xbc1983b35c0b62ca2c6851497a14b832c519ac8926fb488abaed2841f398bb2b54c9034945d2c21f2723ed04dbd860809c14503b3c110ba8402109f871fc57911b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "PteIJ0a/IrIpa1x84HSVZMt4Q1oYhHcjOPBkXgmEQeNCjrnr1T6lEYhco8GIOrqu", "encryptedSymmetricKey": "484c55f533557d70ec2dc4cee22250df3d53bab6184e03684d4cf4d6d1e6b4c5a041f058b8a470aa95a1d70401fd4b10f920ff136f2fb75d8fc53381ae382223bde8fe7dd3fabeff765e229876b80e0787c996dc2622775418bc6403d36ccd8d1b7c0cf76a6619709504738b3ee2fc15e5a918cb5a74566b60631aeb1e6a5a3000000000000000208c7591440b78e7baf6cb43462ff609d430616485b06d884c5795016c9b55dd7fa5e640b6db5fd60c93a6536ac96037a7"}}, {"type": "paragraph", "answer": "Neutra Finance is currently developing a Delta Neutral Strategy for Uniswap V3, uniquely designed to mitigate the risks of impermanent loss while enhancing the yield potential for liquidity providers on Uniswap V3. \n\nThis strategy leverages the Concentrated Liquidity feature of Uniswap V3, representing a significant advancement in our approach to market neutrality. Additionally, we plan to start developing a Delta Neutral Strategy for Uniswap V4.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "200000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "Our $200,000 fund request supports Uniswap V3 and V4 Delta Neutral Strategies, focusing on development, audits, maintenance, and marketing. Specifically, $90,000 for R&D, $50,000 for security audits, $40,000 for operational costs and strategy optimization, and $20,000 for marketing and user incentivization. This strategic allocation aims to refine our offerings, ensure robust security, and foster adoption and visibility across platforms. Regular financial reporting and auditing will ensure transparency and accountability.", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "1. **Research and Development (45% or $90,000)**:\n - Smart Contract Development ($40,000): Mathematical groundwork and coding smart contracts for both Uniswap V3 and V4 Delta Neutral Strategies. This includes paying for developer hours, purchasing necessary software tools, and covering other related expenses.\n - Algorithm Design and Testing ($25,000): Crafting complex algorithms to optimize the strategies, followed by rigorous backtesting using historical data and simulated market conditions to validate their effectiveness.\n - Integration and Compatibility Testing ($20,000): Ensuring seamless integration of our strategies with Uniswap V3 and V4 platforms, including testing for compatibility with various wallets and other DeFi protocols.\n - Research Expenses ($5,000): Covering costs for accessing premium market data, subscribing to research tools, and other expenses related to staying abreast of the latest DeFi trends and innovations.\n\n2. **Security Audit (25% or $50,000):**\n - External Audit Firm Fees ($40,000): Hiring reputable security audit firms to conduct a full audit of our smart contracts, identifying and addressing potential vulnerabilities for both Uniswap V3 and V4 smart contract.\n - Contingency Funds for Audit Follow-ups ($10,000): Reserved for addressing any unforeseen issues or additional audit rounds needed post-initial audits.\n\n3. **Maintenance & Bootstrapping (20% or $40,000):**\n - Operational Costs ($15,000): Ongoing costs for server hosting, infrastructure maintenance, and other IT-related expenses.\n - Liquidity Provision ($10,000): Initial liquidity funding to establish and demonstrate the strategy's viability in live market conditions.\n - Strategy Optimization and Updates ($10,000): Continuous improvement of the strategies based on market feedback and performance analysis.\n- Emergency Fund ($5,000): Set aside for unanticipated operational challenges or urgent system updates.\n\n4. **Marketing (10% or $20,000):**\n - Marketing Campaigns ($4,000): Creating and executing online ad campaigns across social media and campaign platforms.\n - Partnership and Networking ($6,000): Building relationships with influencers, and other key figures in the DeFi space to increase visibility and credibility.\n - User Incentivization and Early Participant Rewards ($10,000): Offering an additional $10,000 in rewards as an incentive to early participants to encourage initial engagement and boost user adoption.", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Liquidity Management", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "We're developing a Delta Neutral Strategy for Uniswap V3 to mitigate impermanent loss by balancing ETH short positions on Aave with long positions in Uniswap V3 LPs, while enabling fee accrual and auto-rebalancing. Though it slightly lowers APY, it's aimed at safer, sustainable yields. Post V3 strategy development, we'll enhance and expand to Uniswap V4, utilizing our V3 insights to explore DeFi's evolving landscape and maintain our commitment to risk-optimized strategies.", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "The development and implementation of the Delta Neutral Strategy for both Uniswap V3 and the upcoming Uniswap V4 within the Arbitrum ecosystem will bring several significant benefits:\n\n\n1. **Enhanced Liquidity Provision and Efficiency:** Our Delta Neutral Strategy, tailored for Uniswap's Concentrated Liquidity Pools, will contribute to increased liquidity provision. By mitigating the risks of impermanent loss and enabling auto-rebalancing of LP positions, our strategy encourages more liquidity providers to participate. This increased participation leads to deeper liquidity pools, enhancing the overall efficiency of the market.\n\n\n2. **Risk Mitigation for Liquidity Providers:** A key advantage of our strategy is the reduction of impermanent loss, a common concern among liquidity providers. By offering a method to maintain a near-zero delta, we provide a safer investment environment within the Arbitrum ecosystem, attracting a broader range of investors, from risk-averse individuals to institutional players.\n\n\n3. **Increased Trading Volumes:** Our auto-rebalancing feature, which utilizes Uniswap swaps to exchange volatile assets for stablecoin and vice versa, inherently boosts trading volumes on the platform. This continuous adjustment of asset balances in response to market conditions leads to an increase in transaction frequency, thereby enhancing liquidity and market activity on Uniswap.\n\n\n4. **Boosting Arbitrum\u2019s DeFi Ecosystem:** By introducing innovative strategies on Uniswap within Arbitrum, we contribute to the growth and attractiveness of the Arbitrum DeFi ecosystem, inviting more developers and projects to the platform.\n\n\n5. **Long-term Sustainability:** Our strategy focuses on providing a stable and sustainable yield option, aligning with the needs of long-term investors in the DeFi space.\n\n\n6. **Preparation for Uniswap V4:** As we plan to extend our strategies to Uniswap V4, we are positioning ourselves to leverage the unique opportunities presented by this new platform iteration, ensuring that Uniswap remains competitive in DeFi innovation.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "Every strategy we develop undergoes a thorough audit. Our Uniswap V3 Delta Neutral strategy will also be audited before its official launch. We will share all relevant information with our community and the public.", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "Yes, we are planning to make it open-source once audit has concluded. All audit report will be uploaded to our official Github Repository. ", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "1. **Arkiver, typescript**\n - Arkiver is a blockchain on-chain data indexer developed by Robo-Labs(close collaboration with us). It is used to fetch Uniswap and Aave on-chain data before conducting the necessary backtesting.The backtesting is conducted using our in-house framework, which is based on typescript.\n\n2. **Hardhat, Foundry**\n - Use Hardhat as smart contract development framework, and Foundry for precise testing\n\n3. **Vyper**\n - Vault contract is built on Vyper, derived from the Yearn vault.\n\n4. **Solidity**\n - Core strategy contracts are implemented in solidity.\n\n5. **Chainlink Automation**\n - For strategy rebalancing and periodic harvest, we utilize Chainlink Automation. This ensures high reliability and performance.", "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": "Yes, we have previously launched various vaults, including GLP Market Neutra vault. For a demonstration, visit: https://neutra.finance/vault.", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Liquidity Providers on Uniswap: Individuals or entities who provide liquidity to Uniswap pools, especially those involved with Concentrated Liquidity Pools.    DeFi Yield Farmers: Investors seeking opportunities to earn yields on their crypto assets.    Risk-Averse Crypto Investors: Those in the crypto space who are cautious about high-risk investments and are looking for safer, more stable investment strategies.   Institutional Investors: This group includes organizations or professional traders interested in decentralized finance (DeFi) opportunities but requiring strategies that align with their risk management protocols.   DeFi Enthusiasts and Innovators: Individuals or entities who are keenly interested in new and innovative DeFi strategies, especially those that leverage the latest developments like Uniswap V4.   DeFi Educators and Influencers: Individuals who provide education and insights about DeFi could find this project a valuable case study or reference point for teaching about advanced DeFi strategies.   Devs: Those who are interested in the technical underpinnings of DeFi strategies and might be looking to understand or build upon innovative solutions in the space.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "1. Uzi - Business Development\n2. Narumi - Lead Dev\n3. Horizon - Front-end Lead\n4. Boochoo - R&D\n5. Gery - Marketer & Community Moderator", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "1. Uzi (Co-founder of Neutra Finance)\n - Role: Business Development\n - Background: Fintech product development, DeFi focus\n - Experience: 3 years in fintech, 2 years in DeFi development\n - Expertise: Business development, product strategy, DeFi\n\n\n2. Narumi (Co-founder of Neutra Finance)\n - Role: Lead Developer\n - Background: Blockchain engineering, AI MLOps\n - Experience: 2 years in DeFi blockchain, 2 years in AI (Computer Vision)\n - Expertise: Blockchain development, AI integration, smart contracts\n\n\n3. Horizon \n - Role: Front-end Lead\n - Background: Front-end development for DeFi and trading apps\n - Experience: 2 years in DeFi front-end, 2 years in stock trading app development\n - Expertise: Front-end development, UX/UI design, trading platforms\n\n\n4. Boochoo\n - Role: Research & Development\n - Background: Fintech and quantitative development\n - Experience: 1 year as a Fintech Quant Developer\n - Expertise:  R&D, quantitative finance analysis\n\n\n5. Gery\n - Role: Marketer & Moderator\n - Background: Computer Science \n - Experience: 7 years in crypto, expertise in EVM, Cosmos, and Parachain infrastructure.\n - Expertise: Content creation, social media, UI/UX, low-entry coding, project management, on-chain analysis", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "Our project roadmap is meticulously developed to transition seamlessly from the near completion of the Uniswap V3 Delta Neutral Strategy to the initiation and development of the Uniswap V4 Delta Neutral Strategy. \nEach milestone includes specific deliverables, and our tracking mechanisms are designed to ensure rigorous adherence to quality and timelines.\n\n1. **Completion of Uniswap V3 Delta Neutral Strategy Development (Duration: 1 month)**\n - Deliverables: Finalized smart contracts for the Uniswap V3 Delta Neutral Strategy.\n - Tracking: Final internal reviews and developer testing to ensure the readiness of smart contracts for auditing and deployment.\n\n\n2. **Backtesting of Uniswap V3 Delta Neutral Strategy (Duration: 1 month)**\n - Deliverables: Comprehensive backtesting report detailing performance under various market conditions.\n - Tracking: Utilization of backtesting tools and regular updates in team meetings to analyze outcomes and make necessary strategy adjustments.\n\n\n3. **Security Auditing of Uniswap V3 Delta Neutral Strategy (Duration: 3 weeks)**\n - Deliverables: Security audit report, implementation of audit recommendations.\n - Tracking: Coordination with external audit firms and tracking of audit milestones, with regular internal review meetings to address any identified issues.\n\n\n4. **Launch of Uniswap V3 Delta Neutral Strategy (Duration: 1 month)**\n - Deliverables: Official deployment of the strategy on Uniswap V3, initial liquidity provisioning.\n - Tracking: Monitoring launch metrics, overseeing initial liquidity levels, and ensuring smooth user adoption. Regular briefings to assess launch success and gather early performance data.\n\n\n5. **Initiation of Uniswap V4 Delta Neutral Strategy (Post-Uniswap V3 Launch, Upcoming)**\n - Deliverables: Starting with an in-depth research phase followed by conceptual development for the Uniswap V4 strategy.\n - Tracking: Establishing a dedicated R&D team, setting specific research goals, and scheduling regular update meetings to track progress and align with strategic objectives.\n\n\n6. **Smart Contract Development for Uniswap V4 (Upcoming)**\n - Deliverables: Development of initial drafts and subsequent iterations of smart contracts for Uniswap V4.\n - Tracking: Implementing agile methodologies, bi-weekly development sprints, and regular review sessions to ensure continuous progress and adaptation to new insights.\n\n\n7. **Backtesting and Strategy Refinement for Uniswap V4 (Upcoming)**\n - Deliverables: Ongoing backtesting and optimization of the Uniswap V4 strategy, adapting to market changes and feedback.\n - Tracking: Regular performance evaluations using backtesting data, iterative strategy improvements, and adaptation to evolving market conditions.\n\n\n8. **Continuous Improvement and Adaptation (Upcoming)**\n - Deliverables: Regular updates and enhancements to both Uniswap V3 and V4 strategies, responding to new market data, user feedback, and technological advancements.\n - Tracking: Continuous monitoring of market trends, user feedback channels, and performance metrics to guide ongoing improvements.", "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": "At Neutra Finance, our approach to achieving the project milestones for the Delta Neutral Strategies on Uniswap V3 and V4 is both strategic and structured, ensuring feasibility and alignment with our overarching goals.\n\n1. **Project Management Framework:** We employ a comprehensive project management framework utilizing Agile methodologies for adaptability and responsiveness.\n- Tools: Jira, Trello, and Slack are used for organizing sprints, tracking progress, and facilitating regular sprint planning, progress reviews, and retrospectives.\n\n\n2. **Research and Development Focus:** We prioritize the initial research and development phase, dedicating substantial resources to understanding market dynamics and technological advancements.\n- Tools: developed a custom indexer tool using InfluxDB and GraphQL for R&D purposes.\n\n\n3. **Strategic Partnerships and Collaborations:** Our strategy includes engaging with external experts, such as security audit firms and blockchain advisors, and collaborating with other DeFi projects to augment our capabilities.\n\n\n4. **Use of Advanced Technologies and Tools:** The project utilizes advanced technologies like Arkiver for on-chain data analysis, alongside development tools such as Hardhat and Foundry for high-quality strategy development.\n- Tools: GitHub is used for version control and collaborative code development, supporting the use of Solidity, Vyper, and Chainlink Automation.\n\n\n5. **Comprehensive Testing and Auditing:** We conduct rigorous backtesting using historical data and simulated market conditions, complemented by thorough security audits before strategy deployment.\n- Tools: Arkiver\n\n\n6. **Active Community Engagement and Feedback:** Actively engaging with the community through various channels is crucial for gathering feedback and ensuring continuous improvement.\n- Tools: Community group and social media platforms are utilized for public feedback and transparency, especially regarding project updates and audit results.\n\n\n7. **Effective Marketing and Adoption Strategies:** Targeted marketing campaigns are planned to enhance the visibility and adoption of our strategies, building partnerships and networking within the DeFi community.\n- Tools: Hootsuite, Campaign Platform (Galxe, Questn, Intract, etc), and twitter.\n\n\n8. **Monitoring and Continuous Improvement:** Following the launch, continuous monitoring of strategy performance is conducted, with improvements based on user feedback and market changes.\n- Tools: Feedback channels, Dune Dashboard, and a custom-built dashboard facilitate ongoing analysis and strategy optimization.\n\n\nOur multi-faceted approach combines robust project management, the expertise of a diverse team, strategic technology utilization, and active community engagement, ensuring the successful realization of our Delta Neutral Strategies for Uniswap V3 and V4.", "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": "Uniswap Community Group", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "-", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "We at Neutra Finance are committed to pushing the boundaries of DeFi innovation. Our project not only aims to benefit our users but also to contribute significantly to the Uniswap ecosystem. We believe our strategy could set new standards in liquidity management and yield optimization on Uniswap V3. Any additional support, guidance, or collaboration from the Uniswap team would be greatly appreciated to help us achieve these goals.", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:211", "title": "Neutra Finance", "logoImg": "bafkreid7lz4drnjggtcskes522qpxu4xn3jhx5ppi4dnvwhhaockpdck6u", "metaPtr": {"pointer": "bafkreiey7nzryfj2cna5yr34mji6wom6vzsuhhadslackfsimygkpmz6bu", "protocol": "1"}, "website": "https://neutra.finacne", "bannerImg": "bafkreidcc6pppr2sy5rcfj4s7mcgw3aoms35v4bnhqf3xbsu4jlopx26iq", "createdAt": 1699597964111, "userGithub": "NeutraFinance", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..nJWU8eD8e-mSxwq2GWVbzCrVBPBar0QHWtg1JgpHydeA0Ga0XyyNCU0L2jD6DOZv4-DCxfK6P4oYyYyqiOC4Bw", "type": "Ed25519Signature2018", "created": "2023-11-10T06:32:26.728Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-10T06:32:26.728Z", "expirationDate": "2024-02-08T06:32:26.728Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x13e2fcc27D5C511fD8dCd50Aac1C02dFec17B489", "hash": "v0.0.0:aNorXYAn53FQirHB/upmo7QpvfD8vGVjmavxhw4yrHo=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Neutrafinance"}}}, "description": "## Summary\nNeutra Finance is a decentralized finance (DeFi) project that aims to offer risk-hedge, sustainable investment strategies through automated strategy vaults. We recognize the opportunities and risks of yield farming in the DeFi space, and our goal is to provide a way for users to make extra profits on their crypto holdings while reducing the risks from market price fluctuations.\n\nOur mission is to make advanced investment strategies, which are typically complex and difficult to execute, accessible to a broader audience. We believe that everyone should have the opportunity to farm yield on their idle assets without being overly affected by market volatility. To achieve this, Neutra Finance has developed automated vaults where users can deposit their capital into our vaults and earn an Annual Percentage Yield (APY) that is above market standards, without the need to actively manage their investments.\n\n**We are committed to three core values:**\n\n1. **Performance:** We offer high-yield, sustainable strategies that minimize risk while optimizing returns for our users.\n2. **Security:** We prioritize the security of funds by focusing on robust smart contract practices and rebalancing mechanisms to manage liquidation risks effectively.\n3. **User Experience:** We strive to deliver our strategies in an intuitive and user-friendly manner, lowering the barrier to entry for general crypto investors and making it simple for anyone to participate.\n\nOur vision is to enable users from all backgrounds to easily and sustainably earn high returns without the need to personally manage the risks involved.\n\n---\n\n**About us:**\n[Website](https://neutra.finance) | [Documentation](https://docs.neutra.finance/) | [Twitter](https://www.twitter.com/neutra.finance) | [Discord](https://discord.gg/vg4qjWqKuw)", "lastUpdated": 0, "projectGithub": "", "projectTwitter": "neutrafinance"}, "recipient": "0xe84c4450968f310eAa61d973a4e0d3e4B9512532"}}