{"signature": "0x458436c1f652af4a8db409be7279e52c7ec7dfa6678bb77b9f627283550f15fe7149efc520747e0f71e2002e65dc47536f8a787feeff9b896f2e1637c25145691c", "application": {"round": "0x5f831ef67fc4e75a8016023333c132fda6fdc232", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "jwjJec7Pxoj+n1pJ3+ZbcGlAVkQkC22Dma7HH2HUI611wgeIHQHWZkpumKCbdOfR", "encryptedSymmetricKey": "30faa6496e15f6a64f6234685f3dc54033be92d456fc44de7f24ca859c773f89114285a8205d17d951a7fb5290742512c76de95eed18ba141a37d841ef3fdf89acede20ab3b02a62c3505ff3baac6b3677bfcc09e7443a792e0adecc7fea88996330675aeb2e01b9fcf006e80ae6bc400f9579db7d1a3025c903342cfb9c562200000000000000209c9cc86e6aa790a0808a71e757281900c67cf232ee8c11ed457c959c5e84ba0ba049026b8f3b7bb79dedf3f7894803b5"}}, {"type": "number", "answer": "75000", "hidden": true, "question": "Amount requested", "questionId": 1}, {"type": "multiple-choice", "answer": "RFP 1: Liquidity Management and Derivative Protocols", "hidden": true, "question": "What RFP does this project cover?", "questionId": 2}, {"type": "paragraph", "answer": "Aloe has a strong foundation of audited smart contracts. In theory, users can import, create, and manage Uniswap positions\uff0dusing them as collateral for ordinary borrows, or getting up to 10x leverage on the positions themselves.\n\nIn practice, however, these features are either completely unavailable in the UI, or only surfaced if you *already have* Uniswap positions. The grant would allow us to address these issues and make Aloe a premier venue for Uniswap liquidity management.\n\nNew UI functionality would include:\n1) Creating Uniswap positions from scratch, instead of just importing existing ones. Since The Graph has become unreliable, we would integrate Oku's API to show liquidity depth/ranges.\n2) Claiming & reinvesting earned swap fees _without_ having to burn the whole position\n3) 1-click (or few-click) rebalancing of positions that have gone out of range\n4) Viewing position' performance w.r.t time and price\n5) Queuing multiple actions to take place in a single transaction, e.g. {deposit collateral\u2192borrow funds\u2192create Uniswap position}\n\nThis functionality may sound simple, but it's complex behind the scenes and difficult to implement in the robust manner that DeFi requires.\n\nPlanning, development, and testing is estimated to take 24 engineer-weeks\uff0daround 2 months given our team of 3 (all US-based). At $63/hour, the cost comes to $60,480.\n\nIn addition to these new features, it's important for users to be able to explore the platform and learn how to use it before committing to real onchain transactions. To this end, the remaining $14,520 will go towards a \"Simulation Mode\" (see Instadapp's UI as an example) based on Tenderly forks.\n\nSimulation Mode will automatically switch the user to Arbitrum, and all simulated/demo actions will be based on Arbitrum liquidity. Of all Aloe's deployments, Arbitrum has the most diverse selection of high-quality Uniswap pools, so this choice will create the richest possible experience within the Simulation.\n\nEnabling this mode will take an additional 4 engineer-weeks ($10,080)\uff0daround 1 week for our team. The other $4,440 will be spent on the Tenderly Pro subscription, keeping the Simulation Mode live for at least 4 months.", "hidden": false, "question": "How will you use the funds? Please make a detailed plan for expenditures.", "questionId": 3}, {"type": "short-answer", "answer": "The KPI is the dollar value of Uniswap liquidity managed on/through the Aloe platform. More specifically, the goal is to increase the amount of Uniswap liquidity held in Aloe's `Borrower` contracts.", "hidden": false, "question": "How do you measure the success of the project? Explain your key KPI", "questionId": 4}, {"type": "paragraph", "answer": "There are few frontends for managing Uniswap liquidity (Uniswap.org, Oku.trade, Revert.finance) and none allow for the kind of flexibility and capital efficiency that Aloe could provide. Aloe would create much-needed competition and differentiation.\n\nFurthermore, the Arbitrum-targeted Simulation Mode could highlight the ecosystem's unique opportunities, including Arbitrum-specific tokens/projects, liquidity diversity, and high-yield Uniswap pairs. Whenever new users enter Simulation Mode, they would land on Arbitrum by default and likely stay there once they're ready to transact for real.", "hidden": false, "question": "How do you envision this project aligning with Uniswap's goals, and what specific benefits do you anticipate it will bring to the Uniswap ecosystem within Arbitrum?", "questionId": 5}, {"type": "short-answer", "answer": "Existing DeFi users on Arbitrum, especially Uniswap v3 LPs", "hidden": false, "question": "What is the target audience for this project? ", "questionId": 6}, {"type": "paragraph", "answer": "- The 5 features (described above), within 2 months of receipt funding\n- The Simulation Mode (described above), within 3 months of receipt of funding\n- Note that Aloe's UI is fully open-source and will remain so during/after development of these features.\n\nSuccess Indicators on Arbitrum:\n- [Marginally Successful] +$100k of Uniswap liquidity managed on Aloe\n- [Very Successful] +$500k of Uniswap liquidity managed on Aloe\n- [Extremely Successful] +$1M of Uniswap liquidity managed on Aloe", "hidden": false, "question": "What are the Project Milestones and how do you plan to reach these? Be specific and highlight critical deliverables of the project", "questionId": 7}, {"type": "paragraph", "answer": "[Hayden Shively]\nBS Aerospace Engineering at USC, ex-Google SWE, former Compound Grants recipient and creator of one of the original liquidation bots for Compound. 5 years experience in Solidity & crypto frontend.\n\n[Ian Woodard]\nBS Computer Science at Northeastern, SWE at Snap, Lyft, and Sentry. 2 years experience in crypto frontend & APIs.\n\n[Aneesh Atri]\nBS Computer Science at Northeastern, SWE at Mercari, Amazon, and Datadog. 2 years experience in crypto testing & ops.", "hidden": false, "question": "What are the roles and experience of project team members?", "questionId": 8}, {"type": "short-answer", "answer": "No", "hidden": false, "question": "Is this project already funded by other grant programs? If funded by any Uniswap or Arbitrum-related programs, please specify.", "questionId": 9}, {"type": "short-answer", "answer": "Yes, with more planned", "hidden": false, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 10}, {"type": "short-answer", "answer": "Yes, https://github.com/aloelabs", "hidden": false, "question": "Is this project open-source? If yes, share the repository link.", "questionId": 11}, {"type": "short-answer", "answer": "Yes, https://app.aloe.capital", "hidden": false, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "checkbox", "answer": ["I confirm"], "hidden": false, "question": "I confirm that I have read the Code of Conduct and that I have filled out this form correctly and truthfully.", "questionId": 13}, {"type": "checkbox", "answer": ["I understand"], "hidden": false, "question": "I understand that I will be required to provide KYC/KYB information by the UAGP team in case my application is accepted.", "questionId": 14}, {"type": "dropdown", "answer": "Social Media", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 15}], "project": {"id": "0x113e171ba2f066e4e3a7bfe4de516f0c0d5c33aa9ac861389facc588e6822276", "title": "Aloe", "logoImg": "bafkreid5w3aelnlngvxn4s2hf4y7puyaphw7chmykkjc3gujazptkdnis4", "metaPtr": {"pointer": "bafkreibnbaeoe7fxuutl6rsyohztkaztkxm65ixp3ez6moc4shmqt36tea", "protocol": "undefined"}, "website": "https://aloe.capital", "bannerImg": "bafkreidgd34kgcftqhu2u2sp7p3lap5alamqvphinornewso6nc3fpc7oy", "createdAt": 1717628377583, "userGithub": "", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..6a2tJP6bOjcFPu3mu6in6HyvvVz41AAerp8Mzih22tpao19bWkptKtB_X5Gg5EZJfTo6s_QCRaqDM6Jf6LB_CA", "type": "Ed25519Signature2018", "created": "2024-06-05T22:59:00.665Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-06-05T22:59:00.664Z", "expirationDate": "2024-09-03T22:59:00.664Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xC3feD7757CD3eb12b155F230Fa057396e9D78EAa", "hash": "v0.0.0:Brx5eqEDHyzM/VkIpB5Nk8G1axlgiO/zIumvIim25aU=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#aloecapital"}}}, "description": "Aloe is a permissionless lending protocol built on Uniswap, featuring risk-isolated pools, dynamic LTVs, and ultra-efficient liquidations. It's audited, governance-minimized, and supports Uniswap positions as collateral.\n\n~History~\nAloe has been working to solve decentralized liquidity management since 2021. After a few protocol iterations (including a prediction market for optimal Uniswap ranges and Balancer-Boosted-Pools-but-for-Uniswap) we realized that multi-token, IL-prone deposits would never work. Retail users deserve better.\n\nThe answer is simple: split responsibilities between passive lenders and active borrowers. Lenders get a single-sided, IL-free payoff, and borrowers get leverage on Uniswap strategies of their choosing. This improves the LP experience for retail while raising the potential for liquidity depth on Uniswap.\n\nWe launched on Arbitrum in January 2024. Aloe is (by-far) the most Uniswap-aligned lending protocol in production, and we're excited to see it grow within the Arbitrum ecosystem.", "lastUpdated": 0, "projectGithub": "aloelabs", "projectTwitter": "aloecapital"}, "recipient": "0xC3feD7757CD3eb12b155F230Fa057396e9D78EAa"}}