{"signature": "0x00c29a008821094a256f97ed4d0353ddd49da2932279dba54519068a0cec33973c96e30b496d063789c94201145ced877e513586d40a641500f086e4f47521eb1c", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "uZ8Zpqrb/ZaB7cGb+9xwQkJnnr6n0NzsVvke/H8lFVqDyy8gYyXfh2ynIqlg+imh", "encryptedSymmetricKey": "828d9a9f4b92eef85b0c6d5ef4ea1a3bd2bfdfbfa15c726c5a441f7ab5c17d7cab8ef8e5769f77353063219deb1a500ae2a5acce777b14d2699e843e8a503e06d7f9ad01d510544e573d9bc59ba20641814127185c569d7add841987236475b2afef69e607256949dded2c43d887773c5c486dcac02dd49adb50aaed5b9fb1b70000000000000020a6c46a9a728468a900c8d41fcea7cd7f55afcdebb7251424c70c7dc1475f0418a4664067faa6cb882d9f59374aa51e96"}}, {"type": "paragraph", "answer": "Our project, Teahouse Finance, is introducing an innovative margin trading solution that utilizes Uniswap v4 \u201chooks,\u201d aimed at enhancing liquidity management and security within the DeFi sector. Our solution offers a unique approach to margin trading, allowing users to lend out their assets securely for steady returns as stakers or borrow assets to pursue greater returns as traders. The Uniswap v4 \u201chooks\u201d will allow margin trading on top of a concentrated liquidity AMM. By leveraging the scalability and efficiency of Arbitrum One, our solution bridges DEXes like Uniswap with the real money market, offering users genuine trading opportunities and reliable investment strategies.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "150000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "This fund request is integral to the successful deployment of our upcoming Uniswap v4 margin trading product on Arbitrum. This product represents a critical milestone in our project roadmap, leveraging Uniswap v4 hooks as a fundamental component of our new solution. This strategic integration enables us to tap into a broader user base and provide traders with enhanced liquidity and trading options. The bulk of the funds requested will be used as rewards for our users. ", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "The funds will be used for two aspects \u2013 product development & marketing incentives. \n\n**Product development:**\nApart from development and testing costs, this portion of the funding will also be allocated to commissioning 3rd-party auditing of our smart contract(s), providing incentives to our bounty program, and setting up 3rd-party security monitoring. \nBudget for product development:\n- Development & testing: $35k \n- Audit: $25k \n- Bounty program: $15k\n- Security monitoring services: $20k\n\n**Marketing incentives:**\nGrant funds will mainly be allocated as incentives for the community to participate in our marketing events. A small portion will be used as a budget for external marketing (third-party channels, PR announcements, introduction articles, etc.). \nBudget for marketing:\n- Incentive Programs: $50k \n- Other marketing expenses: $5k", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Liquidity Management", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "Teahouse Finance's upcoming Uniswap v4 margin trading solution serves as a crucial link between decentralized exchanges (DEXes) like Uniswap and the broader money market. By facilitating real trading activities on platforms like Uniswap, Teahouse enhances liquidity and accessibility within the Uniswap ecosystem while providing users with genuine trading opportunities. This integration not only boosts liquidity on Uniswap but also aligns with the decentralized nature of the DeFi space, empowering users to participate in transparent and secure trading activities.", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "Teahouse's margin trading product provides a solution that includes not only margin trading features. By offering users the opportunity to lend their assets for steady returns without engaging in adversarial trading practices, Teahouse addresses the demand for reliable investment opportunities. Additionally, our platform caters to users seeking genuine trading opportunities in real markets like Uniswap, bridging the gap between decentralized finance and traditional financial markets.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "No, not yet. Yes, we will have all smart contracts audited. The budget for the audit is included in the grant amount requested.", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "No", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "Teahouse follows an Agile model for product development. Our CTO outlines the requirements, and our Project Manager initiates the process with team consensus. Each function is meticulously designed, developed, and tested before progressing to the next phase. For this new product, we may assign different functions to various developers. After completing the internal beta version, our strategy manager and team members will conduct testing before the testnet launch.\n\n**Tools:** We utilize Asana for project management, Gitlab for version control, and Slack for communication.\n\n**Programming Languages and Technologies:** Our development stack primarily includes languages like Python, TypeScript, Solidity, and other relevant frameworks or libraries such as Next.js, Ethers.js, Wagmi, and RainbowKit.\n\n**Collaboration and Communication:** We hold daily dev meetings to review project progress and address obstacles. Additionally, we host an All Hands meeting every Friday to update the entire team on project statuses and ensure alignment. Our Project Manager also shares important updates via Slack.\n\n**Testing and Quality Assurance:** Our testing approach encompasses unit testing, integration testing, and internal user acceptance testing. Our roadmap also includes a milestone for launching our testnet version to the public to collect user feedback. This allows for better optimization and the opportunity to mediate any possible issues. ", "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": "We have a very early prototype version that won Thena\u2019s BNB chain Innovation Hackathon in Q1, 2024. (Announcement twitter link: https://twitter.com/ThenaFi_/status/1771177399276703952). Here is our video demo for the prototype: https://www.youtube.com/watch?v=PoL8x-g38SA", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Teahouse Finance's Uniswap v4 margin trading solution's target audience includes individual and institutional investors seeking secure and transparent DeFi investment opportunities.  The platform caters to two primary roles: stakers and traders. Stakers can lend their assets for steady interest income, appealing to risk-averse users, while traders can pursue greater returns, albeit with higher risks. Additionally, Teahouse's technical prowess and reliability position it as an attractive partner for other protocols and projects within the DeFi ecosystem, broadening its target market. With a strategic market launch plan in place, Teahouse aims to attract users seeking passive income opportunities and authentic trading experiences on the Arbitrum network.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Following is the list of core team members working on this project (Other Teahouse Team members will assist in this project).\n- Fenix Hsu (Co-Founder & CEO)\n- Ping-Che Chen (Co-Founder, CTO, Smart contract developer)\n- Jack Hsu (VP of Operations and BD/Marketing Director)\n- Venson Liou (Smart Contract Developer)\n- YouMing Hsu (Smart Contract Developer)\n- Pi Su (Frontend Developer)\n- Crystal Chen (Project Manager)", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "**Fenix Hsu (Co-Founder & CEO)**\n- Background: Physics and Statistics from UC Berkeley and Columbia University\n- Experience: An entrepreneur in the mobile and gaming industries and 6 years in DeFi blockchain. He was awarded 1st place at the TRON global developer contest with the prediction platform FOMOSports. He is a graduate of Binance Labs Batch 2.\n- Skills: Business development, startups, investor relations, management, teamwork, and leadership\n\n**Ping-Che Chen (Co-Founder, CTO, Smart contract developer)**\n- Background: Masters in Computer Engineering from National Taiwan University\n- Experience: Ping-Che is a key contributor to FinTech projects such as INSTO and PaaxSoft. He was awarded 2nd place in the 1998 ACM Asia Programming Contest, and was the IOI silver medalist in 1994. Ping-Che has been working with Teahouse\u2019s CEO, Fenix Hsu since 2018 with projects such as FOMOSports, Uwallet, and Luck Network in their portfolio\n- Skills: Smart contract development, Solidity, software architecture, information technology, JavaScript, Go\n\n**Jack Hsu (VP of Operations and BD/Marketing Director)**\n- Background: BBA, Entrepreneurship/Entrepreneurial Studies from Kwantlen Polytechnic University\n- Experience: 7 years in financial risk management in the fintech sector. Managed risk for [DEF Project], a DeFi project with a TVL of over $500M.\n- Skills: Business development, sales, management, teamwork, and leadership\n\n**Venson Liou (Smart Contract Developer)**\n- Background: MS in Communication Engineering from NTU\n- Experience: 4 years in blockchain development with a focus on the Ethereum ecosystem. A team member at Teahouse Finance who is in charge of smart contract development and maintenance.\n- Skills: Smart contract development, Solidity, Cairo\n\n**YouMing Hsu (Smart Contract Developer)**\n- Background: MSc in Communication Engineering from National Taiwan University\n- Experience: Two years as a blockchain engineer, primarily focusing on DeFi infrastructure development and automation processes. Led the design and implementation of smart contracts in multiple blockchain hackathons.\n- Skills: Solidity, Smart Contract Development, Python\n\n**Pi Su (Frontend Developer)**\n- Background: Master School of Physics from National Taiwan Normal University.\n- Experience: 2 years in web3 development, and 3 years of frontend and mobile app experience. Built and maintained all websites of Teahouse Finance.\n- Skills: Web3 Frontend development, Cross-platform Mobile App Development, Next.js, React Native, TypeScript, Python, Figma, UI/UX, Design System\n\n**Crystal Chen (Project Manager)**\n- Background: BSc in Economics from National Taipei University\n- Experience: Previously a project coordinator at HP, developing program communications, including new process setup discussion, process improvement. - Managed commercial NB&DT NPI, delivered 20+ product launch successfully with high accuracy BOM and Spec management.\n- Skills: SQL, Python, Grafana, Project management", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "We have four main milestones: development, Testnet version launch and its marketing event, official launch, and official launch event and partnership development. The details are as follows.\n\n**1. Smart Contract and UI Development and Audit** (Months 1-3): Develop smart contracts for the staking and trading features, ensuring security and functionality. Send the smart contracts for audit. Design and test the user interface.\n- Deliverables: Testnet (Beta) version complete for testing\n- KPI Alignment: N/A\n- Budget: $45,000 (Development & testing: $20k / Audit: $25k)\n\n**2. Testnet (Beta)** (Months 4-5): Launch an incentivized testnet version with test tokens to the Teahouse community to gather feedback. Introduce testnet marketing event along with allocated funds as incentives.\n- Deliverables: Operational testnet version and user feedback report\n- KPI Alignment: Reach 150 unique wallet users/30 days\n- Budget: $22,000 (Incentive Programs: $20k / Other marketing expenses: $2k)\n\n**3. Official product launch** (Month 6): Full-scale public release of the margin trading solution to the Uniswap community on Arbitrum One. \n- Deliverables: A publicly accessible trading/staking platform with a finalized user interface, a completed smart contract audit, a bounty program, and a security monitoring setup.\n- KPI Alignment: N/A\n- Budget: $50,000 (Development & testing: $15k / Bounty program: $15k / Security monitoring services: $20k)\n\n**4. Marketing & Community Building / Partnership Development, Integration, & Expansion** (Months 7-11): Launch incentives campaign to attract liquidity and boost trading volume. Implement marketing strategies and foster community engagement and education while establishing partnerships\n- Deliverables: \n~Launch a liquidity marketing campaign (incentives program)\n~Establish at least 5 partnerships (DEXes, protocols, etc.).\n- KPI Alignment: \n~Reach $250M in trading volume/30 day by the end of the campaign\n~Form strategic partnerships and integrate with at least 5 partners\n- Budget: $47,000 (Incentive Programs: $30k / Other marketing expenses: $3k)\n\nTo ensure the successful execution of our project milestones, we will leverage our experience in launching new products and managing complex projects. Our project manager will closely monitor progress, ensuring that tasks are completed on time and within budget. Additionally, our community manager will actively collect user feedback and facilitate discussions with the development team to address any concerns or suggestions. To track the performance of each milestone, we will set up monitoring dashboards to evaluate key metrics and make data-driven decisions. With our proven track record and robust monitoring processes in place, we are confident in our ability to deliver on our project milestones effectively. ", "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": "We plan to achieve our milestones by leveraging our team's experience in developing and launching successful products, such as our Managed, LP, and portfolio Vaults. Our seasoned development team will lead the execution of smart contract and UI development, ensuring security and functionality. We have a proven track record of collaborating with reputable auditing firms to conduct thorough audits, mitigating potential risks. Through incentivized testnet site launch and marketing events, we will engage our community to gather feedback and ensure product stability. \n\nOur official product launch will be supported by a marketing campaign aimed at attracting users and liquidity. Teahouse has initiated a similar campaign on the Boba Network with excellent results.\n\nHere are the current results of our Boba liquidity mining campaign:\n- Phase 1 (12-week duration):  85.3% growth in TVL ( $252,481 \u2192 $467,887)  and a Trading Volume of 3.7M\n- Phase 2 (24-week duration since 1/29/2024) is currently running. The performance up until 3/31/2024 shows a TVL growth of 158.65%  ($467,887 \u2192 $1,210,185 ) and a Trading Volume of 8.65M.\n\nBoba Network initially provided 1.6 million $BOBA as initiatives and $160,000 as a capital injection. For the upcoming margin trading solution, we will also be holding similar campaigns for the testnet version launch and official launch.\n\nWe are confident in the feasibility of our project and our ability to achieve our milestones successfully.", "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.", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "In this grant application's project description and milestone sections, we mentioned the monitoring costs associated with securing our smart contract addresses. Currently, Teahouse utilizes Cyvers' blockchain address monitoring services, enabling real-time detection and rapid response to potential security threats. The portion of the requested funding mentioned earlier is intended to cover the addition of addresses for deploying vaults on Arbitrum to the monitored list. This proactive approach to security monitoring is crucial for ensuring the safety and integrity of our operations.", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "N/A", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "0xc78ea130f02dd476eebea14aa7c6c50d0e6a0215d796a4dfd3fde1e6670c4238", "title": "Teahouse Finance", "logoImg": "bafkreianjchsxyfbnouaardgaosabsp333apks7l2jyeg67z6pbbufhzga", "metaPtr": {"pointer": "bafkreihco2bp5cbrbjyhirxrfjgamagsxqunzdnn6eflm5eazcp32sv4wm", "protocol": "undefined"}, "website": "https://teahouse.finance/", "bannerImg": "bafkreifodqjetm6u3q7a7tuhcr7wxdarfdecp6cz6vltezpsxdj5fynouy", "createdAt": 1713152526649, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..xq4GCaul9C8ENIvGJ_rOE8pXqGs4nbI94d2HDK4lMfwGxe27s6fE-nBA2C8FFVx-PPHpYzMR3YDWZhL9iUDXDg", "type": "Ed25519Signature2018", "created": "2024-04-15T03:40:14.077Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-15T03:40:14.077Z", "expirationDate": "2024-07-14T03:40:14.077Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xa329E9562AE1Dc9c694668bB8f1a7b2f604964f9", "hash": "v0.0.0:EOEoq3iH3gEhRtwB4bPb8tnptvOCTbrbWyH5lAK71kA=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#TeahouseFinance"}}}, "description": "Teahouse Finance is a multi-strategy DeFi platform specializing in secure and transparent asset management. Much like a hedge fund, Teahouse aims to help enterprise and individual clients grow their crypto assets through its wide range of professional strategies that align with users\u2019 risk tolerance and investment goals.", "lastUpdated": 0, "projectTwitter": "TeahouseFinance"}, "recipient": "0x088a08A7c294E0A7DFAEa450a864D32142947DD7"}}