{"signature": "0xeac72770cf6ed4d493fcea563357e6a5bdadc878a0816a80ba9f30c0a30366e6449d6dffa3179379af8aec215d2d13ca9bae6fa5b051017061fb5e12652eff971b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "dKcGAoHr9CzXRKTFzhJ3LqvECmPXUfBI0SWgCpY32QfGIGCQhlbb4HObgg0U+EtE", "encryptedSymmetricKey": "ba8ec0812fd2d09f4efeecdadd60aa116cb10a9a45d81b34c401d8bbc2685366c3bfcbdf2d575bed956e97858bebae03ebfe37192eec42330db7d6e2de2ab0245d39aa2b32c6fbb1cc5fd4a6c532ecb3dae6890eb058995c216e4f7a7a94a7a3328b94bebb7e42baef80b39c0f08b46ec8262ebea2da2efd47d82982c4ee644800000000000000204a60a910bede98de1b878e8efb695a7f74089f942a0b5c0d5708441c015fdd5eb9c26d5d72dea8e6e773bf22dd8c6395"}}, {"type": "paragraph", "answer": "Double is an essential liquidity infrastructure for Aribitrum that complements and significantly enhances the Uniswap ecosystem. Double solves two major issues in the Uniswap ecosystem on Arbitrum. First, Arbitrum token projects want to list their tokens on Uniswap but they face liquidity challenges since they don\u2019t have the required capital to pair with their tokens to create Uniswap LP positions. By democratizing CEX market making for AMMs, Double empowers projects to solve their liquidity challenges by offering 300K+ Uniswap LPs the same benefits exclusive to CEX pro MMs. Second, Uniswap LPs hesitate to deploy more capital into Uniswap since AMM LPing has not proven to be profitable. Via its unique design and many innovations, Double offers capital providers \u201cpositive risk-adjusted yields\u201d and hence will attract massive capital into Uniswap on Arbitrum.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "200000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "The project is to successfully launch Double on Arbitrum One and drive the initial growth over 6 months. The project requires additional R&D engineering work to deploy the Double product including smart contracts, front-end, subgraph on both Arbitrum Sepolia testnet and Arbitrum One, to integrate with Uniswap v2/v3, to beta test and to fix bugs if needed. In addition, the project requires significant amounts of effort in marketing and BD to drive the growth in the next 6 months. The grant will be used to cover the partial cost of marketing and BD effort (65%) as well as R&D engineering work (35%).   The details budget is: - Milestone #1: Beta Launch on Arbitrum Sepolia (Months 1): $35,000 - Milestone #2: Mainnet Launch on Arbitrum One (Months 2): $35,000 - Milestone #3: Double Down to Genesis on Arbitrum (Month 3): $50,000 - Milestone #4: Partnership Development - Token Projects (Month 4-6): $40,000 - Milestone #5: Partnership Development - Capital Providers (Months 4-6): $40,000 ", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "The grant will be used to cover the partial cost to successfully launch Double on Arbitrum One and drive the initial growth over 6 months including mostly marketing and BD effort (65%) and R&D engineering work (35%). ", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Uniswap on Arbitrum Ecosystem tools or products", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "As an AMM LP-side only innovation, from a product point of view, Double complements Uniswap protocol and significantly enhances the capabilities for the liquidity provider (LP) side of the Uniswap product ecosystem. By solving the pain points for both projects that want to list their tokens on Uniswap, and capital providers who want to supply capital and earn high yields from Uniswap, Double will significantly increase TVL for Uniswap and indirectly drive more trades on Uniswap.", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "First, from a product point of view, Double complements Uniswap protocol and significantly enhances the capabilities for the liquidity provider (LP) side of the Uniswap product ecosystem. \n\nSecond, Arbitrum token projects are dying for liquidity on Uniswap. Double solves the liquidity challenges for these token projects, which are key community members and growth drivers for both Arbitrum and Uniswap ecosystems. As a result, more Arbitrum token projects will list their tokens on Uniswap and increase the liquidity for their token LP pools on Uniswap.\n\nThird, both Uniswap and Arbitrum are eager to get more liquidity providers to supply more capital into Uniswap and Arbitrum ecosystems. Double makes AMM LPing profitable, which impacts hundreds of thousands of Uniswap LPs that want to earn high yield from Uniswap. By doing so, more LPs will want to use Uniswap to earn high yields and to deploy massive capital into Uniswap in the Arbitrum ecosystem.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "Yes. Here is the audit report: https://0xmacro.com/library/audits/double-1.", "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 uses the BSL license.", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "The smart contracts are developed in Solidity using the Hardhat development environment. The front-end is developed in React with web3.js, Web3Modal, etc. The front-end also uses subgraphs to display user data. ", "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": "Yes. Double is live on Celo mainnet: https://app.double2win.xyz/ ", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "The target audience is the current and future token projects and capital providers that will supply liquidity into Uniswap in the Arbitrum ecosystem. Please refer to the milestones for the market launch plan.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Henry He is the founder of the project.", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "+ Henry He (Project Lead, Blockchain Product Designer & Developer)\n-- Background: MBA from Wharton, MSc in Computer Science, ex-Google\n-- Experience: Serial entrepreneur. 6 years in blockchain product design and development, with a focus on developing decentralized applications. Frequent author and speaker on crypto and tokenoimics.\n-- Skills: Solidity, Smart Contract Development, Product Design, Project Management, \n\n+ Smart Contract & Full-stack Developer\n-- Background: BSc in Computer Science\n-- Experience: 5 years as a smart contract full-stack developer, contributing to numerous successful DeFi projects.\n-- Skills: Smart Contract Development, Solidity, React, Node.js, Security Auditing\n\n+ UI/UX Designer, QA & Marketing Manager\n-- Background: BA in Marketing\n-- Experience: 15 years in UI/UX design. 6 years in crypto marketing for projects including Litecoin, Exodus, etc.\n-- Skills: UI/UX design, Visual design, Content Creation, Social Media Management.", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "KPIs:\n1. User Adoption: Acquire 5,000 true web3 users within six months of launch.\n2. Liquidity: Attract a total locked value (TVL) of $10M within six months of launch.\n3. Partnerships: Form strategic partnerships with at least five token projects in the Arbiturm ecosystem, and with at least one capital provider within six months of launch.\n\nWe are open-minded and flexible to welcome any feedback from the grant team on milestones and will make necessary adjustments accordingly.\n\nMilestone #1: Beta Launch on Arbitrum Sepolia (Months 1): Deploy Double smart contracts on Arbitrum Sepolia and integrate with Uniswap v3 smart contracts on Arbitrum Sepolia. Launch Double\u2019s front-end https://app.beta.double2win.xyz/ and support Arbitrum Sepolia. Deploy required subgraphs used by Double for testnet. QA the product end-to-end and fix bugs if needed. Recruit a number of beta users to test the product for 2-4 weeks before mainnet.\n- Deliverable: Live beta product on https://app.beta.double2win.xyz/\n- KPI Alignment: N/A\n\nMilestone #2: Mainnet Launch on Arbitrum One (Months 2): Deploy Double smart contracts on Arbitrum One and integrate with Uniswap v2 and v3 smart contracts on Arbitrum One. Launch Double\u2019s front-end https://app.double2win.xyz/ and support Arbitrum One. Deploy required subgraphs used by Double for mainnet.\n- Deliverable: Live product on https://app.double2win.xyz/.\n- KPI Alignment: N/A\n\nMilestone #3: Double Down to Genesis on Arbitrum (Month 3): Execute \u201cDouble Down to Genesis on Arbitrum\u201d marketing campaign. Launch https://genesis.double2win.xyz/ on Arbitrum One. Deploy DDC/DDJ claim contracts after the campaign is finished.\n- Deliverable: Marketing campaign to bootstrap initial user base and token deposits\n- KPI Alignment: KPIs 1 and 2\n\nMilestone #4: Partnership Development - Token Projects (Month 4-6): Establish and announce partnerships with token projects in the Arbitrum ecosystem.\n- Deliverable: Minimum five strategic partnerships\n- KPI Alignment: KPIs 1, 2, and 3\n\nMilestone #5: Partnership Development - Capital Providers (e.g. AMM LPs) (Months 4-6): Establish and announce partnerships with capital providers in the Arbitrum ecosystem.\n- Deliverable: Minimum one strategic partnerships\n- KPI Alignment: KPIs 1, 2, and 3", "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": "First, Double has launched on another EVM chain Celo successfully and went through the whole cycle of launching on testnet, beta testing, bug fixing and then mainnet, integrating with Uniswap v2 fork and Uniswap v3. We are confident that we will successfully repeat the whole process on Arbitrum Sepolia testnet and Arbitrum One. \n\nSecond, we learned a lot from executing marketing and BD in the Celo ecosystem and have refined marketing and BD plans. We are confident that we will achieve our KPIs.\n\nThird, we have established solid connections with Arbitrum Foundation, Offchain Labs and Arbitrum ecosystem projects that will help us in marketing and BD to achieve our goals.", "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": "From the Arbitrum Grant website and met the team member (Bernard) in-person in EthDenver 2024.", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Henry He/Double is a thought leader in Uniswap v4 and recently published an analysis on Uniswap v4. \"Uniswap v4 Hooks: the GOOD, the BAD, and the UGLY\" (https://medium.com/@hhe/uniswap-v4-hooks-the-good-the-bad-and-the-ugly-ccfe01f9dbce). \n\nHenry He/Double has been talking with the Uniswap team, specifically Xin Wan from Uniswap Research. \n\nDouble introduction deck: https://docsend.com/view/q92qsmvar8iahfr8", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "We prefer privacy. So if possible, we like to keep the grant application details private.", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "0xc0b0ab617205003ab48616491fb3481af09e57faf328816af89781bf9caa0190", "title": "Double", "logoImg": "bafkreigzuv5qjndmwcdkghj5zfaxr3kd3a22iybdxey5x7ra5mzurzg554", "metaPtr": {"pointer": "bafkreie7ar7mctazcwxitvp4o45anxisl5othue6qe7knetqyvn5igpd2q", "protocol": "undefined"}, "website": "https://www.double2win.xyz/", "createdAt": 1710982489897, "credentials": {}, "description": "Double is an essential liquidity infrastructure for Aribitrum that complements and significantly enhances the Uniswap ecosystem. Double solves two major issues in the Uniswap ecosystem on Arbitrum. First, Arbitrum token projects want to list their tokens on Uniswap but they face liquidity challenges since they don\u2019t have the required capital to pair with their tokens to create Uniswap LP positions. By democratizing CEX market making for AMMs, Double empowers projects to solve their liquidity challenges by offering 300K+ Uniswap LPs the same benefits exclusive to CEX pro MMs. Second, Uniswap LPs hesitate to deploy more capital into Uniswap since AMM LPing has not proven to be profitable. Via its unique design and many innovations, Double offers capital providers \u201cpositive risk-adjusted yields\u201d and hence will attract massive capital into Uniswap on Arbitrum.", "lastUpdated": 0, "projectTwitter": "double2winwin"}, "recipient": "0x0bF36e38e9aF11C1c38D0Ff12177AC0c229Ee8c8"}}