{"signature": "0x692cb881b34fb9712cfe7004e0ae3a413d60f566f93e10f90201cec54609303508c281abfb1ed10d9dbbb75ffcafe8654bf075b77ae0c246f4feead3cff2aba81b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "b1Z0tDsZQigEvhlQ82LL4qJ/f1lk1CY3Km/butVptJC8riTVxb9AkmeR59AokOuB", "encryptedSymmetricKey": "f5138beae562b05e9ea8c3a03ed9fffa61ac999765681a42d4dbd6f159e5cd7576cd6ba750c20486e38b07b441343a0657d4a65177a58f645e00fa2c7c68aec9acc27fb557c1bab7cfc1bdf00feacd543911dea93574a8ca62c9a26901828da41c5fe136ec479d609a61e7273386ab8c1afedceb73526e62f95ab72353f38c2800000000000000201504a3c0aefc75eb82472e69605e431efb23f317bd9e9ac0d30a7dee7272f37909e532755a98b14cdb872e2266691dad"}}, {"type": "paragraph", "answer": "We are requesting a grant to pay for an audit and a code4arena contest.\n\nAudit 1 will be a code4arena \"standard\" audit contest. Code4arena is a very well-known security audit contest platform that runs open competitions where security specialists are rewarded for discovering issues and vulnerabilities in code.\n\nAudit 2 will be a traditional audit with a highly reputable security firm, who we've worked with before and have gotten a quote from for this specific codebase.\n\nThe audit will be for the contracts of a yet-to-be-released lending protocol for Uniswap LPs.\n\nKey features of this protocol include:\n\n- The ability for users to lock Uniswap positions from select token pairs in a vault, enabling them to borrow against these assets, akin to the mechanism of a Maker CDP.\n\n- A unified market structure that avoids liquidity fragmentation, supported by risk mitigation strategies based on the total value of underlying collateral tokens.\n\n- A fair liquidation process with auction mechanisms designed to minimize penalties for borrowers, ensuring a more balanced and user-friendly lending environment\n\n", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "151000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "Good audits are expensive. In return for a grant to pay the cost we will launch this project on Arbitrum only for a 6-month period.", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "100% of the funds will be used to pay for the audits. We have gotten quotes for the two audits. The cost breakdown is as follows. Code4arena quote for a standard audit contest: $116,000. Audit from a well-known security firm for a traditional audit: $35,000. If any of the funds is not used for these audits it would be returned. ", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Derivative Protocols", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "Our project enhances the Uniswap ecosystem by offering LPs more flexibility. By allowing them to use their Uniswap positions as collateral, LPs can access additional liquidity without liquidating their assets.", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "This project will benefit Uniswap in the Arbitrum ecosystem by enhancing liquidity on the exchange. By enabling LPs to collateralize their Uniswap positions, it encourages more liquidity provision, as LPs can access funds without selling their assets. This increased liquidity can lead to tighter spreads and better price efficiency on Arbitrum, thus bolstering its position as the most liquid venue in the Layer 2 landscape.\n", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "No, but the funds requests will be exclusively used for audits and they will be completed before launch.", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "The project will be open sourced with a BSL license before the audit. ", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "- We use Forge for builds and tests on Solidity.\n- We use clojurescript on the front-end\n", "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": "No", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "The target audience for this project primarily includes active liquidity providers (LPs) on Uniswap and DeFi enthusiasts who are keen on utilizing advanced financial tools.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Mario Romero, solo-founder", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "- We've building Revert for the past two years, and have interviewed many LPs over this time. Our focus has been on understanding what tools we can build to solve common problems and optimize their LP experience.\n- Many years ago, before DeFi, most of the team worked on a big centralized exchange in Latin America.\n", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "- Our project milestones are clearly defined as follows\n    - Code Freeze (Before End of 2023): This marks the finalization of the code before the audit. To supervise and track this milestone, we will employ a strict code review process and a feature lock policy. \n    - Publish Code and Announce Code4arena Audit (January 2024): Upon publishing the code, we will announce the Code4arena audit. The supervision here involves maintaining transparency with the community and ensuring all relevant documentation is ready and accessible.\n    - Run Code4arena Audit (January 2024): During the audit, our team will closely monitor feedback and reports from auditors. We will set up a dedicated channel for communication with auditors to address any issues promptly.\n    - Last Audit by Partner Firm (Feb 2024): The final audit by our partner firm. We will have a dedicated internal team to interface with the auditing firm, ensuring all findings are addressed and resolved.\n    - Launch (Feb 2024): Launch protocol exclusively on Arbitrum\n\n- To effectively track and manage these milestones, regular updates will be communicated to stakeholders through our established channels.\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": "Our project is in its advanced stages with the code nearly complete. We are seeking this grant to subsidize the audit costs, which is a critical step for ensuring the security and reliability of our protocol. Prior to requesting the grant, we have proactively worked closely with the auditing firms to obtain accurate quotes and confirm their availability for our project timeline.\n\nWith this grant, we would be in a position to immediately move forward with the auditing process, adhering to our planned milestones and ensuring the timely launch of our protocol.\n", "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": "Recommendation from a friend", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "No", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "No", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:352", "title": "Revert", "metaPtr": {"pointer": "bafkreig5nehmlw7bkknf6qsnvlouxroyjmiovvtpojxb74h667lsse3ojq", "protocol": "1"}, "website": "https://revert.finance", "createdAt": 1701204955068, "userGithub": "mariorz", "credentials": {}, "description": "We build tools and protocols for liquidity providers on AMMs", "lastUpdated": 0, "projectGithub": "revert-finance", "projectTwitter": "revertfinance"}, "recipient": "0x3e456ED2793988dc08f1482371b50bA2bC518175"}}