{"signature": "0x154cc722558917c412b99d9c54cef561682c23afff241ade7bc3ec35ea72ccf662a9f8a43113961e0e2274c38a8048114c3197840b0143968c1d5034ec8061b11c", "application": {"round": "0x0b33428de19ae46f72e8888cd1c0102ed49afa87", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "mKFT2F8AVsqpw9++bMA8Eh5Uc/nS5bnMTWT0Ij15lYE=", "encryptedSymmetricKey": "171b89f2ace37f69c5af305f8dba990bb666b12fede708bcf13f8bc194e0fe918f3fd177bd3d07f0de14712feb3c1519d8eb78b185f163fe61a98dbc50a5d9bdc9f375fa8fd59879f88b0f74261d984e5be03f10cd649d2662da0c0adb1264895c422f7f40e9a99695553bd80082e9f3257685cb110c15009762a68dd15461ea0000000000000020d8566b2286877910332d7d93672341aac44e3f7751bcce9f9071c0954accdb59987aebe085fa329b427bf82e204061b7"}}, {"type": "short-answer", "answer": "schellinger", "hidden": true, "question": "Telegram Handle (you can answer N/A)", "questionId": 1}, {"type": "link", "answer": "https://discord.com/invite/8MJPy7hact", "hidden": true, "question": "Link to your Public Group Chat (Discord or Telegram)", "questionId": 2}, {"type": "paragraph", "answer": "The 1delta protocol enables margin trading and leveraged yield farming thanks to 1-click looping.\n\nThis makes Venus liquidity accessible to new user segments, unlocks new use cases, and can lead to increased usage and TVL.\n\n", "hidden": true, "question": "Please explain how your project aligns with the Venus Protocol ecosystem and contributes to its growth and development", "questionId": 3}, {"type": "paragraph", "answer": "1-click leverage through flash swaps ", "hidden": true, "question": "Describe the innovative ideas, technologies, or approaches your project brings to the Venus ecosystem and their potential impact", "questionId": 4}, {"type": "paragraph", "answer": "The 1delta protocol received financial support by various lending protocols in the past, including Aave and Compound and delivered on these milestones.\n\nThe product has been in production for the past year with liquidity from Aave, Compound and other lending protocols.\n\nhttps://app.1delta.io/margin ", "hidden": true, "question": "For projects focusing on technical innovation, please demonstrate your team's technical expertise and ability to implement the project successfully within the proposed timeline and budget", "questionId": 5}, {"type": "paragraph", "answer": "# Milestone 1: Implement Ethereum Mainnet Version ($10,000)\n\n* Implementation has to pass margin trading tests successfully on a fork-based test using forge\n\n* Available trade types:\n  - Open (Borrow->Swap->Deposit)\n  - Collateral Swap (Withdraw->Swap->Deposit)\n  - Debt Swap (Borrow->Swap->Repay)\n  - Close (Withdraw->Swap->Repay)\n\n* The implementation has to work for multiple Venus markets at in the same contract and must not require a smart contract upgrade in case Venus launches additional markets\n\n* Swap variations:\n  - Flash Loan-based swaps\n  - Flash Swaps (e.g. with Uniswap V3), these are more cost efficient than traditional flash loans \n\n\n#\tMilestone 2: Provide Typescript SDK ($5,000)\n\n* Create an SDK that allows creating calldata for the margin trade actions\n\n* Native routing for flash swaps as well as generic swap aggregator calldata as inputs\n\n\n# Milestone 3: Deploy Smart Contracts to Ethereum and integrate it into 1delta UI ($7,500)\n\n* Deploy the contracts on Ethereum Mainnet and integrate them into our app: https://app.1delta.io/\n\n* All markets (Core & ETH market) will be integrated  \n\n\n#\tMilestone 4: Extend Smart Contracts and Tests to BNB Chain ($5,000)\n\n* Create the smart contracts for BNB Chain markets\n\n* Write tests for the margin operations\n\n\n# Milestone 5: Deploy Smart Contracts to BNB Chain \n\n* Mainnet and integrate them into the 1delta UI ($10,000)\n* Deploy to BNB Chain and integrate all 6 markets into 1delta UI\n\n**Total grant request:** $30,000\n", "hidden": true, "question": "Provide a breakdown of your project's budget and clearly explain how the requested funds will be allocated", "questionId": 6}, {"type": "short-answer", "answer": "https://github.com/1delta-DAO", "hidden": true, "question": "Project GitHub Repo (Not Team Page)", "questionId": 7}, {"type": "short-answer", "answer": "Twitter, Venus Discord", "hidden": true, "question": "How do you plan to provide regular progress updates and maintain open communication with the Venus community throughout the grant period?", "questionId": 8}, {"type": "paragraph", "answer": "We received financial support from:\nAave Grants DAO\nCompound Grants\nAleph Zero\nDewhales Capital \nLendle.xyz\nMantle\nPolygon\n\n-> Best to try out our existing product:\nhttps://app.1delta.io/margin\nhttps://app.1delta.io/yields", "hidden": true, "question": "Is there anything else you'd like to share about your project, previous work, or other affiliations? Is there anything you'd like to add that may help determine project eligibility?", "questionId": 9}], "project": {"id": "0x56a8e56549f8f00ebe68c2f3a0bb55e4ebae4c1006e5421cdfb8d514a9579fad", "title": "1delta", "logoImg": "bafkreidfudkxjgryupp2skdvcs5hxlwh3cj3hq37tbiubccbdm4nwzftoa", "metaPtr": {"pointer": "bafkreiaepxrf4fsq6zh4zs2d5mzsxfdmay5wa46yeyvx4sn65phu7v5vlm", "protocol": "undefined"}, "website": "https://1delta.io", "bannerImg": "bafkreihiv5o3r4wifc6bm3udjersunnipojlsz5wmuxdafo5vjxaxlipci", "createdAt": 1724171352075, "userGithub": "Achthar", "credentials": {}, "description": "# Overview\n\n* Venus employs an innovative way to launch new lending markets in a flexible manner\n\n* The asset availability on Venus is therefore higher than on most other lenders\n\n* However, Venus users only have limited access to the full potential of margin lending since opening positions with high leverage requires manual looping. This results in high gas costs and a UX accessible only to experts.\n\n* At 1delta, we already solved this issue for a broad variety of lenders (see https://app.1delta.io/)\n  - Users can swap collaterals, increase leverage, decrease position and swap debts seamlessly\n  - Users do not need to migrate their positions to smart wallets or any other type of smart contract that holds positions of their behalf\n  - Users do not rely on any single UI and can always go back to the lender\u2019s page to see their positions\n  - The product extends the base lending experience by adding capabilities like spinning up a leveraged position with the lender with a minimal amount of steps\n\n* We want to build this experience for all Venus markets that technically allow that\n  - BNB Chain: All markets (Excluding the native asset BNB for borrowing as it does not implement `borrowBehalf`)\n  - Ethereum: All markets\n\n\n# Milestone 1: Implement Ethereum Mainnet Version ($10,000)\n\n* Implementation has to pass margin trading tests successfully on a fork-based test using forge\n\n* Available trade types:\n  - Open (Borrow->Swap->Deposit)\n  - Collateral Swap (Withdraw->Swap->Deposit)\n  - Debt Swap (Borrow->Swap->Repay)\n  - Close (Withdraw->Swap->Repay)\n\n* The implementation has to work for multiple Venus markets at in the same contract and must not require a smart contract upgrade in case Venus launches additional markets\n\n* Swap variations:\n  - Flash Loan-based swaps\n  - Flash Swaps (e.g. with Uniswap V3), these are more cost efficient than traditional flash loans \n\n\n#\tMilestone 2: Provide Typescript SDK ($5,000)\n\n* Create an SDK that allows creating calldata for the margin trade actions\n\n* Native routing for flash swaps as well as generic swap aggregator calldata as inputs\n\n\n# Milestone 3: Deploy Smart Contracts to Ethereum and integrate it into 1delta UI ($7,500)\n\n* Deploy the contracts on Ethereum Mainnet and integrate them into our app: https://app.1delta.io/\n\n* All markets (Core & ETH market) will be integrated  \n\n\n#\tMilestone 4: Extend Smart Contracts and Tests to BNB Chain ($5,000)\n\n* Create the smart contracts for BNB Chain markets\n\n* Write tests for the margin operations\n\n\n# Milestone 5: Deploy Smart Contracts to BNB Chain \n\n* Mainnet and integrate them into the 1delta UI ($10,000)\n* Deploy to BNB Chain and integrate all 6 markets into 1delta UI\n\n**Total grant request:** $30,000\n\n\n", "lastUpdated": 0, "projectGithub": "1delta-DAO", "projectTwitter": "1deltaDAO"}, "recipient": "0xF897304c1e4E20346849bB8668174526CabB49fd"}}