{"signature": "0x388864ba8a669679ca931031757bbb4b9fb8adde39626dad739e0c4ca546f2ee280ca7bebfa8f03644817a62638c4da898760534da7726b6dedb6670c6964a561b", "application": {"round": "0x5f831ef67fc4e75a8016023333c132fda6fdc232", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "1ESOPf2LVIQdCypqVNprw23uOli8PsV3aQSRGPAXf14CMGJZNLKvg9BUBwE3FWE8", "encryptedSymmetricKey": "18931fb76319dfc05d15fb3037dde1118b023c0d2ab4accdb03c047b9ee9af9268d38b06e80a17196b4adb8700426214f71a62734056d6ab00447709aa7c3e3da3d75d9359723a93cd33a2cfe63b0f0b6b695896c045401b6ea15d66a0597ca1bd9beb166ddfe57d62879ad90dbdc501d802b2322cfaadfd6b6cfd599626dc2a0000000000000020957441d1bc8757dba9e8a834d8d7b5e543c5ba95ead8d3ac69cb5dee60495b5f55d7382f7d84435c34a46b4b97add28a"}}, {"type": "number", "answer": "250000", "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": "At Lobster, we have two major long-term objectives and spends:\n\n- Tech: Continue to develop an ever simpler platform for our users, with more functionality and greater security. We also want to further develop our strategies and algorithms through research. Try out strategies based on artificial intelligence (which we are already working on), etc.\nAbout research and development, we got 2 full time post for now. That will go up to 5 full time jobs very soon. We would like to engage a mathematician & researcher for concentrated liquidity market makers strategies on uniswap v3, as well as a smartcontract developper to go further with our own infrastructure on Arbitrum, and another full stack developper.\nThe goal in long term is really to manage all the liquidity of arbitrum blockchain in the best way, in order to provide the lowest slippage for all the swaps on agregators.\n\n- Marketing: Have a bigger marketing strike force, get to know more crypto liquidity providers and asset managers. Carry out marketing and acquisition campaigns for the product, including for individual users. Continue and develop Lobster's branding and image. Launch more partnerships, whether with KOLs or cross-marketing platforms.\nAbout marketing, we have a TGE at the end of the year, product will scale around this moment, and in 2025. We also need marketing budget in order to attract new users and more TVL on Lobster (and Arbitrum). This will cost us more than 30k$ a month after october this year.\n\n\nHere are the next spends in term of R&D :\n1. Personnalized dashboard\nObjective : User full and personnalized dashboard through Lobster, to manage a neutral market strategy on uniswap v3 concentrated liquidity market maker.\nRequested payment : 20k$\n\n2. Multi range strategy on uniswap v3\nCreate new strategies, combining multi range concentrated liquidity on a liquidity pool of uniswap v3. Staying neutral on a single token exposure. We already have request to create thoes strategies on USDC, ETH and WBTC token on the Arbitrum blockchain. As we will be also be partner with Ramses protocol, we will also manage their liquidity on thoes strategies. We will for that growth our backtest software and test all strategies and optimize all the parameters befors launching it.\nRequested payment : 60k$\n\n3. AI strategies for market making on arbitrum\nAs we are working on predictive mathematical models already, we also want to work on AI strategies to optimise arbitrum liquidity in uniswap v3. For that we are engaging an AI researcher. We will also work on multi pool strategies in order to have a neutral market exposure using more than 2 liquidity pools at the same time in order to use a lending protocol has we do now with AAVE.\nRequested payment : 90k$\n\n4. Developing infrastructure on Arbitrum, out of Dhedge\nDevelop smartcontract in order to manage directly the Uniswap v3 liquidity without another conterparty risk such a Dhedge. We will also need audits for that part\nRequested payment : 100k$ + 150k audits\n\nThis is our roadmap for now, but we can pick up only certain development that fit the most to arbitrum grants.\n", "hidden": false, "question": "How will you use the funds? Please make a detailed plan for expenditures.", "questionId": 3}, {"type": "short-answer", "answer": "The number of depositors (120 currently), the TVl of protocol (almost 300k$), tha APY of the strategy (~7% on the 1st one)", "hidden": false, "question": "How do you measure the success of the project? Explain your key KPI", "questionId": 4}, {"type": "paragraph", "answer": "Our project will is helping arbitrum users to :\n\n- On the one hand automate liquidity providing strategies. LP is getting extremely hard for users especially after the concentrated liquidity market makers were deployed. Lobster actually automated the market making on CLMM such as uni v3 and automates at the same time a yield strategies for its users. On top of that we simplify this investment because we let people access to a liquidity pool with only one token deposit insted of two\n\n- On the other hand, and because our speciality is all about market making, we reduce the slippage for all new comers and all users of the blockchain.", "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": "The total market is the entire liquidity providing v3 (CLMM) market, i.e. more than $10 billion at present.  Target users are CLMM users who are unable to make money from their positions, who no longer want to spend too much time on them, or who no longer want to bother with double token exposure.", "hidden": false, "question": "What is the target audience for this project? ", "questionId": 6}, {"type": "paragraph", "answer": "In the next 3 months :\n\nOver the next three months, we have a big roadmap:\nWe are launching new strategies with the WBTC and USDC tokens on arbitrum. The one with BTC will be a game-changer, and we already have letters of intent on this.\nWe are also creating a nex personnalized dashboard for all users in september to manage their neutral market positions on uniswap v3.\nThen we will work on multi pool strategies in order to create strategies less and less risky, that could be more attractive for new users that want to do liquidity providing.\n\nWhat's more, we're launching our token in November 2024, so we're doing a lot of things for that: raising $1.7m in a private sale, having market makers, a listing platform, KOLs, etc.\n\nHere's an overview of the 1-year horison target:\nQ3 2024: New strategies deploy on BTC (which will be game changing because yield on BTC are usually not good) and USDC\nQ4 2024: Launch of token + Multo range strategies + Multi pool strategies\nQ1 2025: Launch on ethereum + 1st AI strategies to come\nQ2 2025: Start of integration with most CLMMs in the space\n\nAll milestones will be visible when they are made public. We mainly have lot of research and developpement to deploy new features for our customers in order to simplify liquidity providing on CLMMs.", "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": "Here is the team one pager --> https://docsend.com/view/ijpppch42ad7us3e\n\nThe founders team met at school 7 years ago and became friends. After that, we did a lot of projects together, competitions...\n\nLobster is first and foremost the story of three friends who graduated from one of the best engineering schools in France: INSA Lyon, specialising in cybersecurity, applied mathematics and user experience, and then formed the trio that would become the co-founding team of Lobster.\n\nWe are now a team of 6 people, with many good advisors. We are also part of Hypernest accelerator, and 50partners web3 program (best web3 program in France). We are all from France except Felix from Belgium.\n\nAlexis (CEO) : The last seven years experienced in the crypto ecosystem have taught me that the key to successful financial strategies lies in data analysis. Specializing in applied mathematics and then in quant analysis, I have been well recognized in my field within the leading blockchain schools where I\u2019m a mentor.\n\nArmand (CTO) : More than a computer science engineer, I'm an IT passionate. My several years of experience as cloud architect and cybersecurity engineer have developed my will to work on projects that shape the world of tomorrow  and stimulate my technical and management skills.\n\nLucas (COO) : After setting up and then selling my first smartphone app a few years ago, here I am in the fascinating world of web3. My product expertise has proven to be a great strength at Lobster Protocol, as well as my others predilection fields: sales and customer relationships.", "hidden": false, "question": "What are the roles and experience of project team members?", "questionId": 8}, {"type": "short-answer", "answer": "Not for now", "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": "Lobster protocol's smartcontract is part of the Dhedge protocol. Lobster has teamed up with Dhedge in order to use their infrastructure to deploy vaults. As a consequence, Lobster audits are the same as Dhedge. ", "hidden": false, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 10}, {"type": "short-answer", "answer": "The web3 part is open source through Dhedge protocol. The web2 part is not.", "hidden": false, "question": "Is this project open-source? If yes, share the repository link.", "questionId": 11}, {"type": "short-answer", "answer": "https://docsend.com/view/amaegtqnwyi8hbhy", "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": "Personal Referral", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 15}], "project": {"id": "0x243e202d004314568d892c5f0b5948a4ba9d60b785d938380ed8c410b0ff4684", "title": "Lobster protocol", "logoImg": "bafkreigfsflkwp7elhtj7stb3hgta66sqpz7iwjiigps5ytuudr5tcucfy", "metaPtr": {"pointer": "bafkreif4n2u7nuubkfqpflyfedizd6emao5dk7lfjqk3gjhi6py3lxxdtm", "protocol": "undefined"}, "website": "https://www.lobster-protocol.com", "bannerImg": "bafkreiefvaid2r7bcp3rbaxgicn6btrgylppwpklnbg2xk3ful4he2wixy", "createdAt": 1720134754345, "credentials": {}, "description": "Today, generating DeFi returns on your crypto-assets and mitigating risk through active management strategies is becoming a full-time job. Whether it's controlling the margin call on a loan position, managing an active liquidity providing position on a CLMM, mitigating impermanent losses...\n\nWith the lobster protocol, and thanks to our mathematical models, impermanent losses are a thing of the past! No more double deposits in liquidity pools! And no more unprofitable positions due to poor impermanent loss management. Deposit a single token and upgrade it, as simply and passively as if you were staking or lending, but with a higher return.\n\n1) Lobster simplifies access to automatic multiprotocol DeFi strategies\n2) We're built on top of the most trusted DeFi services to make liquidity providing experience as simple and passive as staking\n3) By using the computational power of web2, we are to first protocol able to manage actively your liquidity on any pool (not only stable pairs) in order to cancel impermanent loss and outperforming a single asset", "lastUpdated": 0, "projectTwitter": "LobsterProtocol"}, "recipient": "0x2cf92a87C9D82fb5434ad0868f0946857d570327"}}