{"signature": "0xc2022de0eb739172bfc231998b8425c3e708029b6eead5a066163542856a621203f2c45b9b97b3fcb8cb0678126cd2db1f8b22cfcbd16cc37e8b79eb5188e0041c", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "yy2q4lSAmliSvaDQGSZr1Oqg4KWgG6GqhUWI3W5z86IGy/A7tg1WahNlk7oxGrHQ", "encryptedSymmetricKey": "d824e38694f773163d0c8eae534107784fa729096ed6e516ff8c7529f2c8b33272d64181bd6ff65c32d34aa441a5690739c075a75677ce304f6d541d074bba4d0e7f72dd5aed5a7b8d43c08420d84814b93e5151331e95295bc93217eab2de84d152c7d731568199561392e323ef07ebe45cf98347a1ea36a0373c67bab8cf5d0000000000000020e30d570436ec0358bd8e375e84b00c5ef3c55a2961483b2ac0e18ea8c6abc82c1fa2886c36a33b63dfc8700a4b17d792"}}, {"type": "paragraph", "answer": "Single Finance, a top leveraged yield farming protocol, serves both novice and seasoned farmers. It provides a comprehensive suite of risk management tools and streamlined, one-click strategies to help farmers achieve targeted returns while minimizing impermanent loss.\n\n- Seamless yield farming experience integrated with useful risk-management features\n- DeFi strategies are designed to attain diverse targeted returns while mitigating impermanent loss and price fluctuation risks.\n- User-friendly interface empowering users to monitor position performance in USD value, providing a crystal-clear overview of earnings.\n- Automated features eliminate manual steps and ensure users effortlessly maximize returns.\n- Capital protection bot and Automated rebalancing market neutral vault to safeguard users\u2019 capital and minimize losses associated with impermanent loss\n- Propel DEX efficiency with Single Finance's Liquidity Stability Extension\n- Establish a robust governance framework with the veSINGLE token, empowering the community to actively participate in shaping development decisions and product features.\n\nKey Problems Addressed:\n1. High entry barrier for novice farmers to employ advanced leveraged DeFi strategies\n- Knowledge Gap: Novice farmers may lack the required understanding of the intricate mechanisms and concepts involved in advanced leveraged DeFi strategies.\n- Lack of Confidence: The complexity of procedures can lead to a lack of confidence among inexperienced users, making them hesitant to navigate and utilize advanced DeFi strategies effectively.\n- Continuous Monitoring: The necessity for 24/7 monitoring adds another layer of difficulty, as it demands constant attention and vigilance, which may be challenging for those new to the space. Limited performance analytics in USD value instead of token to track earnings Streamlined performance analytics exclusively in USD value, providing a comprehensive tracking mechanism for earnings.\n\n2. The absence of comprehensive, foolproof risk management tools for leveraged yield farming makes it challenging, even for experienced users, to safely execute multiple advanced DeFi strategies concurrently.\n\n- Lack of one-stop analytics tool to monitor overall leveraged position in USD value\n- Absence of automated capital protection bot to minimize risks associated with leverageAutomating manual processes \n\n3. Limited borrowing activities in Money Market dApps arise from a lack of borrowing incentives, hindering the adoption of advanced DeFi strategies.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "50000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "Marketing activities, incentivise users to learn and onboard, ", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "Milestone 1:\n$10k in ARB allocated to boost the APY for hand-selected Arbitrum UniSwap farming pools\n$5k in ARB allocated to marketing campaigns \n$5k in ARB allocated to incentivize users to learn and onboard \n\nMilestone 2:\n$10k in ARB allocated to boost V3 farming pools\n$20k in ARB allocated to marketing campaigns and activities \n", "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": "Build on top of Uniswap and integrate with UniSwap", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "- Increase transaction volume & Activity \n- Increase TVL \n- Increase on-chain weekly active users\n- Streamlined and automated farming experience \n- New V3 methodology for CLMM ", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "Yes. https://skynet.certik.com/projects/singlefinance#audit", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "No. Security purpose ", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": " Through careful market observation and analysis of pioneering protocols' approaches to managing concentrated liquidity, Single Finance has developed its own methodology for CLMM (Concentrated Liquidity Management) liquidity management. This methodology leverages the platform's technical advancements and capitalizes on its strengths.\n\nThe ultimate solution offered by Single Finance encompasses three key components:\n\nLeverage: The protocol utilizes leverage to maximize the liquidity provider's potential returns. By strategically deploying leverage, Single Finance aims to enhance the overall performance of the liquidity position.\n\nVolatility-Based Auto Range Adjustment: Single Finance incorporates a sophisticated volatility-based model to dynamically adjust the price ranges in response to ever-changing market volatility. This adaptive approach ensures that the liquidity position remains optimized and aligned with the prevailing market conditions, minimizing impermanent loss and maximizing returns.\n\nUpside/Downside Value Protection: Single Finance places a strong emphasis on protecting the value of the liquidity position. The protocol implements mechanisms and strategies aimed at mitigating downside risks while also capitalizing on potential upside opportunities. This balanced approach seeks to safeguard the liquidity provider's investment while allowing for potential growth.", "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": "Live on Mainnet: https://app.singlefinance.io/farm", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "DeFi Yield Farmers and DeFi users: Single Finance caters to individual users seeking to optimize their yield farming strategies while minimizing risk and maximizing returns. offers a secure and user-friendly interface for implementing advanced DeFi strategies, and optimizing yield farming approaches with a focus on risk minimization and return maximization. Userbase in Money Market dApps: Partnerships can be formed to encourage userbase in Money Market dApps to utilize arbitrage strategies by supplying stables as collateral and borrowing tokens to leverage yield farms. ", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "8 team members in total\n2 Growth team members (BD, Marketing, Community, and Growth)\n1 Designer (Graphics, UI & UX)\n1 Product/Project Manager\n4 Full stack engineers (5+ years of experience each) ", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "Andy Chan (CEO): \nAndy Chain is a serial entrepreneur with a strong background in the field of information technology. Andy has co-founded and successfully led various projects, including Play More Limited, Team More, iDDY.AI, and iDDY.finance. Andy is also currently the Managing Director of Quamnet. \n\nAwards received: \nPanel Judge of HSBC Youth Business Award 2017 issued by HSBC\nAsia Outstanding ICT Company Award 2015 issued by ASOCIO\n\nLinkedin: https://www.linkedin.com/in/yiutsunchan/\n\nRice Cheng (CTO): Linkedin \nRice Cheng serves as the CTO of the project as he has a deep understanding of cutting-edge technologies. He has a proven track record of leading and delivering complex technical projects, leveraging his expertise in software development, trading systems, system architecture, cloud computing, and data analytics. \n\nLinkedin: https://www.linkedin.com/in/rice-cheng-97350b76/\n\nKorbin Tang (CPO): Linkedin \nKorbin Tang is a highly accomplished professional with a wealth of experience in blockchain and product development. As Chief Product Officer, he has demonstrated his expertise in web and mobile development, product planning, and implementation. He is driven by a passion for innovation and a desire to create impactful solutions.\n\nLinkedin: https://www.linkedin.com/in/korbin0x/", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "Milestone 1: Arbitrum Soft Launch and User Engagement \n- Integrate with UniSwap\n- Roll out V3 pools after developing an algorithm \n\nKPI Goals: Achieve US$3.5m TVL and reach 500 on-chain weekly active users\n\nMilestone 2: Growth \n- Initiate marketing campaigns to stimulate growth \n- Launch 10 more pools\n\nKPI Goals: \nAchieve US$8m TVL \nReach 10,000 unique wallet addresses\nReach 2,000 on-chain weekly active users \n", "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": "- Launch and Integrate with UniSwap\n- Establish a gamified tutorial academy to encourage users to learn and onboard Single Finance\n- Forge partnerships and integrate with key collaborators\n- Initiate marketing campaigns to stimulate growth\n- Lucrative rewards for opening UniSwap farming position\n ", "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": "Arbitrum foundation ", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Social Media:\n17.7k followers on Twitter\n7k+ followers on DeBank\n4.3k+ Telegram members \n2.5k+ Discord members\n388 active Zealy participants \n471 Medium digesters \n322 YouTube subscribers \n\nOfficial links: https://linktr.ee/singlefinance", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "Do not hesitate to reach out to me via TG: https://t.me/keysersoze010", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:460", "title": "Single Finance", "metaPtr": {"pointer": "bafkreid476tzjl4z6h3joqqcjv3kdkmqxbjfjfl3avjvrk2q2csg3dxcci", "protocol": "1"}, "website": "https://singlefinance.io", "bannerImg": "bafkreibwglq53p7qf6tn5ua6hlt4hjesyfsfxkwfki74apcvkadzismlhm", "createdAt": 1706593146066, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..ZRc-CRZ2w0LGahk-_3g-CnVkvZ_Nhd9bqZVPaS12gMa8b2qqgvNt3uUjeaxSQTf4YbB2re1_BFN-7RkLjKzLBQ", "type": "Ed25519Signature2018", "created": "2024-01-30T05:38:52.681Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-01-30T05:38:52.681Z", "expirationDate": "2024-04-29T05:38:52.681Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x7bd45cCcEa8ADbaF04f1fDeE82Ac5f0D5Fa3FAa0", "hash": "v0.0.0:ONYqpW1eDDb6bzbcCCjo2zAw5W2nD5K8W3awXLWUqZs=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#single_finance"}}}, "description": "Single Finance, a top leveraged yield farming protocol, serves both novice and seasoned farmers. It provides a comprehensive suite of risk management tools and streamlined, one-click strategies to help farmers achieve targeted returns while minimizing impermanent loss.\n\n- Seamless yield farming experience integrated with useful risk-management features\n- DeFi strategies are designed to attain diverse targeted returns while mitigating impermanent loss and price fluctuation risks.\n- User-friendly interface empowering users to monitor position performance in USD value, providing a crystal-clear overview of earnings.\n- Automated features eliminate manual steps and ensure users effortlessly maximize returns.\n- Capital protection bot and Automated rebalancing market neutral vault to safeguard users\u2019 capital and minimize losses associated with impermanent loss\n- Propel DEX efficiency with Single Finance's Liquidity Stability Extension\n- Establish a robust governance framework with the veSINGLE token, empowering the community to actively participate in shaping development decisions and product features.\n\nKey Problems Addressed:\n1. High entry barrier for novice farmers to employ advanced leveraged DeFi strategies\n- Knowledge Gap: Novice farmers may lack the required understanding of the intricate mechanisms and concepts involved in advanced leveraged DeFi strategies.\n- Lack of Confidence: The complexity of procedures can lead to a lack of confidence among inexperienced users, making them hesitant to navigate and utilize advanced DeFi strategies effectively.\n- Continuous Monitoring: The necessity for 24/7 monitoring adds another layer of difficulty, as it demands constant attention and vigilance, which may be challenging for those new to the space. Limited performance analytics in USD value instead of token to track earnings Streamlined performance analytics exclusively in USD value, providing a comprehensive tracking mechanism for earnings.\n\n2. The absence of comprehensive, foolproof risk management tools for leveraged yield farming makes it challenging, even for experienced users, to safely execute multiple advanced DeFi strategies concurrently.\n\n3. Lack of a one-stop analytics tool to monitor overall leveraged position in USD value\nAbsence of automated capital protection bot to minimize risks associated with leverageAutomating manual processes \nLimited borrowing activities in Money Market dApps arise from a lack of borrowing incentives, hindering the adoption of advanced DeFi strategies.\n\n\nTarget Market:\n\n1. DeFi Yield FarmersDeFi users\nSingle Finance caters to individual users seeking to optimize their yield farming strategies while minimizing risk and maximizing returns. offers a secure and user-friendly interface for implementing advanced DeFi strategies, and optimizing yield farming approaches with a focus on risk minimization and return maximization.\n\n2. Userbase in Money Market dApps\nPartnerships can be formed to encourage userbase in Money Market dApps to utilize arbitrage strategies by supplying stables as collateral and borrowing tokens to leverage yield farms. \n", "lastUpdated": 0, "projectTwitter": "single_finance"}, "recipient": "0x7bd45cCcEa8ADbaF04f1fDeE82Ac5f0D5Fa3FAa0"}}