{"signature": "0x5c546234dda80b98b7fd57c7a2f30450726ed3a8547c1bc8278f2c6ab1a7dde56c8bbb10e70a74fef8ff3bf9a6993ccc70409ed1b5983c75db2456521107efa11b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "aVq3BpXuOy18DaM7oO4VlU2EC+Efkv4x4JfnBgGg0X5K4gAhEMuqxtMBmy21hK+m", "encryptedSymmetricKey": "a5b586026c6d445cda393a7b8a37c47dc062497e6072916d0d15a359ce4d54e6ad92c269ed0d461289f38e6101bf920e7c36a28836e9bc383c7c16ac9130935aaabdcfe26b02d626977569e1f19796ec3719a4c24c744570ca5c74f5fc7fa88d6513c59323fb02d9c4fb2715c1044573fa55efceb3ba0c21718de9068cfbff4100000000000000203119aae71e97381e44a0f28ab46c74ef22c0a483fd9a407ca0ea0feb4e5fe2395d7c8166efe9aabf673a524d79768b8a"}}, {"type": "paragraph", "answer": "FWX Finance builds perp dex that utilize money market liquidity pool to offer leverage trading for traders. The FWX protocol will hedge LPs risks through spot trading on DEX. Every long and short positions create real borrowing demand on the FWX Pools while also increase real trading productivity for connected DEX on the chain deployed.\n\nEach trades that occurs on FWX will be traded on specific pair on the selected Dex.\n\nWe've raised $5m seed round in 2022 from GBV Capital, Kyber Ventures, 2 Major banks in Thailand (KBANK and BAY), Varys Capital, Primestreet Capital, and V Ventures.\n\nAudited by Peckshield, Inspex and Valix.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "10000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "The fund will be accounted for company budget on marketing ", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "The funds will mainly be utilized for marketing purpose such as rewards for trading campaign or Twitter threads campaign which will be the main marketing activities on Arbitrum.", "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": "FWX utilize Uniswap protocol to hedge all of its trades thus creating liquidity demands on both FWX and Uniswap", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "FWX builts perpetual dex that utilize Uniswap or external dex to hedge the trades that occur on FWX. When users long of short crypto on FWX, the protocol will hedge the trade using connected dex. For example, if the user go short, FWX will borrow funds from its pool to sell in Uniswap and rebuy the funds when user close his positions.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "FWX has been audited by Peckshield, Inspex and Valix", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "Partially, yes https://github.com/forward-x", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "The project is developed using Solidity and is currently only developed for EVM compatibles blockchain.", "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": "https://testnet.fwx.finance/", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Our main target users are traders and LPs, where we are looking to launch trading campaigns (such as token rebates and PNL competition for ARB grants) as well as social media awareness campaign such as Twitter thread competition to create viral posts from participants", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Core members of the team are Chanon Jaratsuttikul  and Udomsak Rakwongwan, PhD.", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "Chanon is a pioneer from the a regulated centralized exchange in Thailand called Satang Pro (now called Orbix, after M&A by second largest bank in Thailand). Chanon has been fully in crypto before 2017 building Satang Pro with its founder, Poramin Insom (the founder of Firo privacy protocol)\n\nUdomsak is a derivatives expert, hailed from King's College London with Ph,D in financial mathematics and derivatives pricing, Udomsak is now a leading lecturer in math, quant, and derivatives in Thailand. Udomsak, as a cofounder, leads the protocol's research and development.", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "- Mid 2022 (Luna and 3AC) = Raise seed round\n- Sep 2022 = Close seed round investment from 2 of the largest banks in Thailand along with GBV Capital and other boutique Private equities such as PrimeStreet Capital and V Ventures. Closing total $5m seed round investment\n- Dec 2022 - Mar 2023 = Strategic round investment from Kyber Ventures and Ava Labs (Avalanche)\n- Sep 2023 = started testnet version on Avalanche Fuji which gained 10,000 users (as in November 2023)\n- Dec 2023 or January 2024 = to launch mainnet version on Avalanche (finalizing the timing for the launch)\n- Q1 2024 = FWX v2 will be ready for deployment (V2 will allow users to permissionlessly list an assets for leverage trading by adding liquidity pool similar to Uniswap v2)\n- March 31, 2024 = FWX should be deployed on Arbitrum and connected to Uniswap after fully deploying on Avalanche as the first chain", "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": "- At the moment, the protocol is ready to be deployed. We're finalizing the best timing whether before or after holidays\n- The FWX V2 which will features permissionless listing is already in development and is waiting for completion of the audits and launch finalizing. ", "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": "Our investors have shared the program with us.", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Apart from the main web-apps defi product, we have also developed a fully noncustodial defi wallet to attack barrier of entry to defi problems whereas it can be accesses through wallet.fwx.finance", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "We are only requesting a minimal amount of grant as the main purpose is more on getting noticed and selected by the Uniswap or the Arbitrum team", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:244", "title": "FWX Finance", "logoImg": "bafkreic2iq25sxah2iipdn7hmkvbiajqhm2oqms6um4qx4lals73vcsuhe", "metaPtr": {"pointer": "bafkreih4onknqh2bgdtrlor4fiy2aendhcgsfog5uqyz3z5cycxuuomqla", "protocol": "1"}, "website": "https://fwx.finance", "bannerImg": "bafkreihfjs73yopujn5gk7qek2ypi3klnyoihi6t273r42m3alg53kwz4i", "createdAt": 1700028755939, "userGithub": "", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..4KZRSfwl3b20nT6BTIJCRoEJIGW8bOvSYuPKM-F4UUbow7CUlmakij0MLieQeI3IymoRA0yuBS3t2pnqjInUCw", "type": "Ed25519Signature2018", "created": "2023-11-15T06:05:04.867Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-15T06:05:04.867Z", "expirationDate": "2024-02-13T06:05:04.867Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xC4BB4c0333843032887d1A3139f4B075ad3aCA14", "hash": "v0.0.0:F7610jGvv1IOd5e2Ysrc/ZATboUw0+/SuFWnhwgT63M=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#fwxfinance"}}}, "description": "FWX Finance builds perp dex that utilize money market liquidity pool to offer leverage trading for traders for hedging LPs risks through spot trading on DEX. Every long and short positions create real borrowing demand on the FWX Pools while also increase real trading productivity for connected DEX on the chain deployed.\n\nWe've raised $5m seed round in 2022 from GBV Capital, Kyber Ventures, 2 Major banks in Thailand (KBANK and BAY), Varys Capital, Primestreet Capital, and V Ventures.\n\nAudited by Peckshield, Inspex and Valix.", "lastUpdated": 0, "projectGithub": " ForwardX", "projectTwitter": "fwxfinance"}, "recipient": "0xc3218deAeBEC9a0B64451d930f2843EeA759A6df"}}