The detailed breakdown is attached to the milestones listed below needed to develop a fully-functional application on top of the existing Primex codebase.

The amount of $250,000 will be allocated to specification development, protocol development, auditing, marketing, and business development efforts necessary to achieve the following KPIs:

1. Product Architecture and Specifications for the Final Product: Develop clear specifications for creating new and updating existing smart contracts and necessary infrastructure, such as Keepers.
2. Ready-to-use application: developed and audited decentralized application with user interfaces.
3. Audit: Conduct 1 audit with a high-quality auditing firm.
4. User Adoption: Achieve 2,000 unique users within the first four months after the launch.
5. Volume growth: Attract up to $4M daily volume within four months.
6. B2B Partnerships: Form strategic partnerships with at least three institutional on-chain marketmakers and integrate with at least three wallets that support Arbitrum within three months.