{"signature": "0x18f2833ba7e6c64df3900a41335a176bdc8e464b3978e1ebd0e75b31c229856e783c82da3df4ecd09bb0e840af34db04113b5269217c77c7482a25bf82d0cfc41c", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "EPFhDHWieWe//Uv/4txihWzURPr+8QUV2d0uS9P2WTiOFqOiLeJxZ2+fVc2rdljS", "encryptedSymmetricKey": "d051e3d3c268a663faa845519445b8cfe0249d8f59fe40a713a23c22c4339b1c88acc21551217a675fc75d44b9bc7909ee111cf3cac227b6f5daae05e60da17e1a0614bdc4b734b5dac6296dbdcaf5d4eabac0d57f2ac06871f412205f8a3f8079c83feaa5a5e1ffb06a615082a18f51d1ceb8819133eec9aff170e04362a2a400000000000000203d7f0f2818436b5247519ee57c98f95922d5e9c6b26fa96b1eda7cc107c024376c5974be94ed19eda169ffd10cba4a96"}}, {"type": "paragraph", "answer": "[Brokkr Full Application](https://docs.google.com/document/d/10Mn3B8du0P7cxEzW3Inrj3PvlJxOQi-L--HwaiNNJ4o/edit)\n\nWe propose building sophisticated liquidity management strategies that will attract more TVL and liquidity providers to Arbitrum UniswapV3 pools.\n\nPlanned strategies\n1. Delta Neutral Strategy\n\u2022 An advanced strategy that neutralizes the effects of a price movement by longing and shorting an asset simultaneously\n\u2022 The core benefit of the DN strategy for the users is that they don\u2019t have to worry about price movement, impermanent loss, or LVR\n\n2. Leveraged Strategy\n\u2022 A strategy that uses a lending platform to increase exposure to the desired asset\n\u2022 It is a new form of providing liquidity where LPs can \"bet\" on a market movement through automated asymmetrical LP positions\n\nOur goal is to give liquidity providers better tools that can make them profitable and generally improve the LP experience.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "110000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "Revenue (but will doublecheck with our accountant)", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "In total, we expect to spend $110,000 on the overall development and maintenance. People costs make up most of the expenses due to the strategies being complex and difficult to build, which prolongs the time spent on them. The rest comes from audits and marketing costs. \n\nPeople costs - $60,000\nAudits - $30,000\nMarketing - $20,000", "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": "More sophisticated LP strategies will support TVL growth in UniswapV3 pools as they will give LPs more confidence through better results", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "This project enhances the LP capabilities and gives V3 liquidity providers the tools only the big players have. \n\nIt will change how concentrated liquidity providing is perceived and make it more desirable. This should lead to an increased TVL and the number of liquidity providers, and better retention of users and their TVL.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "Yes, we undergone multiple audits and can be found here: https://github.com/BrokkrFinance/public-audits", "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/BrokkrFinance", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "\u2022 devOps: Helm & Kubernetes, CI/CD github workflows automated with Ansible\n\u2022 backend: NestJS\n\u2022 Smart Contracts: Solidity + Foundry", "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://app.brokkr.finance/", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Liquidity providers and users of different DeFi instruments that are afraid to provide liquidity.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Michael - CEO\nRobi - CTO\n+ the rest of the Brokkr team", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "The whole team has multiple years of experience in DeFi and building complex strategies.\n\nMichael - CEO, previously Marketing and Product \nRobi - CTO, a serious contributor to multiple protocols including V3 DEXs\nDaniel - Built DNS on V2 pools and our complicated smart contracts, prev. ICP\nJonny - vast experience in marketing, prev. CMC\n\n(Atis - An external consultant, received a grant from UF for research on advanced Uni LP strategies)\n\n+ 5 other experienced team members in development and research", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "**Timeline** \n**Delta Neutral Strategy**  - Month 1-3\nWorking on DNS will include a simple version for our backtesting, coding smart contracts & the off-chain trigger, interface, and audits\n**Leveraged Strategy** - Month 3-4\nFor the leveraged strategy, we will reuse the code from DNS, build the interface, audit the strategy, and test the best setups\n**Marketing activities** - Month 3+\nWe will do marketing activities \n\n\n## KPIs\n\u2022 Attract $5m TVL in the new strategies within 3 months after they go live\n\u2022 Form 5 strategic partnerships with other DeFi protocols\n\nTVL tracking will be publicly available through the Brokkr app interface. ", "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": "We plan to use part of the grant on marketing campaigns to increase awareness of the new strategies and educate the community on how to provide liquidity profitably because it is still perceived as risky and unprofitable.\n\nWe will demonstrate that it doesn't have to be the case. We will work on attracting uncertain liquidity providers and users of different DeFi instruments liquidity pools compete with.\n\nWe will also run an outreach campaign to protocols running a UniswapV3 pool to form partnerships and manage their POL.  ", "hidden": false, "question": "How do you plan to reach these milestones? (Explain the project feasibility).", "questionId": 17}, {"type": "multiple-choice", "answer": "Yes", "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": "Twitter", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Besides the strategies, we want to remove entry barriers to UniswapV4 and offer automated liquidity management (ALM) services once it launches. The launch and initial success of UniV4 will depend on liquidity providers as they\u2019re needed for trades to happen. If we enable automated and efficient liquidity management, we can smoothen the transition from V3 (and V2) to V4. We\u2019re waiting for the UniswapV4 code to finalize to provide time and effort estimates for launching on V4, for which we would like to apply for another grant if possible.\n\n[Brokkr Full Application](https://docs.google.com/document/d/10Mn3B8du0P7cxEzW3Inrj3PvlJxOQi-L--HwaiNNJ4o/edit)", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "no special requests", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73ab205af1476dc22104a6b8b3d4c273b58c6e27:489", "title": "Brokkr", "logoImg": "bafkreiaypcxdl6enefglfyymfqytc2h75ptyvywmc2zyc2uhngsdnyqmn4", "metaPtr": {"pointer": "bafkreichl4ti3eudk5lnlp3ekqfbhecpnumecv2yn6v3ff4dpg5w5xhhye", "protocol": "1"}, "website": "https://brokkr.finance", "bannerImg": "bafkreia7j6a7bkr3jkxq757ud352alpqfd46d3wa7win5h46nyeds7ump4", "createdAt": 1707474887780, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..8PoBL19Z3Gnl_ZnmazhD6a1of0bLDYYj02e8TlcAnSrcEFllGKYo8guRIlbySF1iZ5YRFzFe2ZG83AUx4zt0DA", "type": "Ed25519Signature2018", "created": "2024-02-09T10:27:47.866Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-02-09T10:27:47.865Z", "expirationDate": "2024-05-09T10:27:47.865Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x2CfA97500ff42Ca3333FB7436a302eFA15fA61D8", "hash": "v0.0.0:ArcnimEH/tMoTD9fndjGTSTEGdfjsZub6KJ+Ck/61z0=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#BrokkrFinance"}}}, "description": "UAGP - Liquidity Management Protocol\n [Full Application - Brokkr](https://docs.google.com/document/d/10Mn3B8du0P7cxEzW3Inrj3PvlJxOQi-L--HwaiNNJ4o/edit?usp=sharing)\n\nWe propose building sophisticated liquidity management strategies that will attract more TVL and liquidity providers to Arbitrum UniswapV3 pools. \n\n## Planned strategies\n**1. Delta Neutral Strategy**\n\u2022 An advanced strategy that neutralizes the effects of a price movement by longing and shorting an asset simultaneously\n\u2022 The core benefit of the DN strategy for the users is that they don\u2019t have to worry about price movement, impermanent loss, or LVR\n**2. Leveraged Strategy**\n\u2022 A strategy that uses a lending platform to increase exposure to the desired asset\n\u2022 It is a new form of providing liquidity where LPs can \"bet\" on a market movement through automated asymmetrical LP positions\n\n## Budget and milestones\n**Total Budget: $110,000**\n\u2022 Salaries - $60k\n\u2022 Audits - $30k\n\u2022 Marketing activities - $20k\n\n**Timeline**\nDelta Neutral Strategy  - Month 1-3\n\u2022 Simple DNS for our backtesting - 3 weeks\n\u2022 Coding smart contracts & the off-chain trigger - 7 weeks\n\u2022 Interface for the strategy - 2 weeks\n\u2022 Audit - 3 weeks\nLeveraged Strategy - Month 3-4\n\u2022 Adjusting the DNS code for this strategy - 2 weeks\n\u2022 Interface for the strategy - 1 week\n\u2022 Audit - 1 week\nMarketing activities - Month 3+\n\u2022 Start shortly before the launch of the first DN strategy\n\n**KPIs**\n1. Deliver all strategies in a timely manner\n2. Attract $5m TVL within 3 months after the strategies are live\n3. Form 5 strategic partnerships with other DeFi protocols\n\n## Goals\nWe aim to increase LP profitability and give UniswapV3 liquidity providers the tools only the big players have. By doing that, we strongly believe the strategies will bring more TVL and better retention.\n\nDelta Neutral strategies bring consistency to otherwise volatile LPing. Leveraged strategies bring excitement and great performance in fast-moving markets.\n\nWe also plan to expand our services to UniswapV4 and are waiting for the V4 code to be finalized.\n\n### About Brokkr\nBrokkr is an LP-centric liquidity management platform on UniswapV3 that focuses on LP profitability.", "lastUpdated": 0, "projectGithub": "brokkrfinance", "projectTwitter": "BrokkrFinance"}, "recipient": "0x3ed85f0488EdF594F212c5346E7893B42EC33Af7"}}