{"signature": "0x49b5bc2c35dfa6569080872d09541b26be1d4fbfd4480d17bbf08958210d3cb74558ba6c1f64e25b61a9514a82b364e22195cdc13b6ba091b33d133ae70d86591b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "uTdP0nhSAyapXUEieLswm+E4Jnz/DVXXwF5l9JF0o6FD1dvSviP0IDN/JZaoOb4e", "encryptedSymmetricKey": "92f30a827875be2ad95c96ab075cfab2679f1540fb4654cd27910b678ccdff86d646c42977cbc4de5e899b1f1f7d5913c828c86800f7e17b3acdfb4a249b55ce110779e890263d83b07a684fb692fc957117703ef127773a13b4e4ad1790d295a1c4219cf489b523716d52a9a316eae1c51fbaf76a8b10f9295c12cf276605650000000000000020b1cbefbd18a1d4182ca9a0ffd93c0e188d486df8de512768e1afd686d426f0be0969df959be0a6b20a04cd347a0ebdab"}}, {"type": "paragraph", "answer": "Unstoppable is designed around three foundational elements that define the pillars of our protocol:\n\n**Unstoppable DEX**\nOur decentralized exchange challenges the dominance of centralized platforms by offering advanced spot and margin trading features. It utilizes Uniswap\u2019s liquidity pools to provide a robust trading environment with deep market liquidity.\n\n**Unstoppable Mobile App**\nTailored for ease and accessibility, our mobile application features an innovative smart contract wallet. This app simplifies the journey for those new to the Arbitrum network, ensuring seamless navigation and direct access to Unstoppable's trading functionalities.\n\n**Unstoppable Bridge**\nSeamlessly integrated into both our web and mobile interfaces, the Unstoppable Bridge acts as a vital link for fiat-to-crypto transactions. Our VASP-licensed legal entity in the European Union enables users to smoothly transition between traditional finance and the world of decentralized finance.\n\nTo track our progress on these pillars and get a detailed view of our development journey, visit our [live roadmap](https://roadmap.unstoppable.ooo/).\n\nTo get more details about the specific pillars of Unstoppable, we invite you to check our [public documentation](https://docs.unstoppable.ooo)\n\nBy synergizing these elements, Unstoppable forms a holistic platform that not only enhances user experience within the DeFi space but also strengthens the synergies of the Uniswap and Arbitrum ecosystems. Our approach is to empower participants at every level, from individual traders to sophisticated liquidity providers, with more control, flexibility, and opportunities.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "250000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "We applied for the maximum funding available to maximize user incentives and kickstart the emerging opportunities in the underdeveloped spot margin trading sector. Should the UAGP committee have alternative suggestions regarding the funding amount, we are eager to engage in discussions to align our proposal with your vision.", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "Unstoppable is dedicated to utilizing 100% of the requested funding as user and ecosystem incentives without allocations towards the Unstoppable team or operational costs. The allocation is designed to maximize impact across critical areas of user engagement and market presence. Here\u2019s how we plan to distribute the funds:\n\n- **User Incentives**: The complete funding will be used for user incentives to drive early adoption and active participation on the platform. This includes rewards for early users, liquidity providers, and participants in trading competitions, as well as referral campaigns, cultivating a vibrant ecosystem from the outset.\n\n- **Liquidity Provision**: To ensure a robust margin trading environment, we might allocate unused funds for a limited time towards providing margin liquidity for key trading pairs. This will enhance the trading experience and stabilize market operations and adoption of the Unstoppable Margin DEX.\n\nThis funding distribution aligns with our objectives to quickly establish a solid foundation for Unstoppable by prioritizing user growth and adoption of the platform.", "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": "Our spot margin trading engine and advanced spot order types, built on top of Uniswap's liquidity pools on Arbitrum, expand Uniswap's available features and directly contribute to the ecosystem's growth.", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "Our platform cultivates a more inclusive environment, inviting a broader audience to explore Arbitrum by streamlining access to DeFi for new users. In line with the principles of decentralization, we uphold transparency, prioritize user empowerment, and contribute positively to the community, aligning with the ethos of both Uniswap and Arbitrum to drive mutual growth and innovation.\n\n**Uniswap Alignment**\nUnstoppable's Margin DEX is built on Uniswap on Arbitrum and integrates fully backed margin trades routed through Uniswap\u2019s v3 liquidity pools. By providing advanced order types through the Unstoppable Spot DEX infrastructure, trading on Uniswap is made more appealing for users seeking advanced trading strategies. \n\nThis boosts Uniswap's trading volume and activity, benefiting its ecosystem by increasing fees for liquidity providers. It also makes it more appealing for Arbitrum protocols to establish their liquidity pools on Uniswap to leverage the extended functionality enabled by Unstoppable.\n\n**Arbitrum Alignment**\nOur mobile app simplifies on-chain trading and abstracts complexities of wallet management, welcoming new users to the Arbitrum network and granting them easy access to our trading infrastructure. The mobile app provides a seamless experience for trading, asset management, and on- and off-ramping, leveraging our infrastructure built on top of Arbitrum and Uniswap.\n\n## Economic Impact  & Growth Scenarios\nThe Arbitrum derivatives exchange ecosystem showcases significant activity, with a six-month average monthly volume of **$26.9 billion**, while indicating a robust upward trend. By comparing this with centralized exchanges like Binance\u2014where spot margin trading constitutes about 11% of all spot trading volume or about 5% of the perpetual volume, which averages **$1.06 trillion** monthly\u2014it becomes evident that there's a significant untapped potential for on-chain spot margin trading on platforms like Uniswap operating within the Arbitrum network.\n\nThis analysis points to promising growth scenarios for on-chain spot margin trading, benefiting the Uniswap ecosystem directly.\n\n**Six-Month Average Metrics on Arbitrum:**\n- Derivatives Volume: $26.93 billion\n- Uniswap Arbitrum Volume: $6.79 billion\n- Uniswap Arbitrum Fees: $5.08 million\n- Average Fee Rate: 0.075%\n(Data sourced from DefiLlama)\n\n**Projected Growth Scenarios for On-Chain Spot Margin Trading:**\n| % of Deriv. Vol. | Avg. Daily Vol. | Monthly Vol. | Uni. Fees Generated | Increase on Uni. Fees |\n| 0.50% | $4.49 million | $134.64 million | $99,788 | 2% |\n| 2.00% | $17.95 million | $538.56 million | $399,155 | 8% |\n| 5.00% | $44.88 million | $1.34 billion | $997,888 | 20% |\n| 100% | $897.61 million | $26.92 billion | $19.95 million | 392% |\n\n- Capturing just 0.5% of the current derivatives volume could increase Uniswap's overall fee revenue by 2%.\n\n- Attaining a 5% share could boost Uniswap's fees by over 20%, aligning with the spot margin to perpetual volume ratio seen in centralized exchanges.\n\n- Should overall demand for leveraged trading continue to grow and spot margin trading volumes rise to match current derivatives levels, we could see a projected 392% increase in Uniswap fees generated on Arbitrum. Although this projection is for now only an illustrative example, it underscores the sector's substantial growth potential.\n\n**Strategic Implications:**\nIntroducing an on-chain spot margin trading sector on Arbitrum via Uniswap not only promises significant growth for Unstoppable but also aims to enhance fee generation for Uniswap substantially. This strategy, even with a modest market share capture, represents a meaningful uplift in Uniswap's revenues. Targeting market share comparable to centralized exchanges showcases Unstoppable's potential to contribute significantly to the evolution of the Uniswap ecosystem and the broader Arbitrum landscape.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "Our smart contracts have undergone a public audit contest via Sherlock and currently undergo a professional audit by ChainSecurity.", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "Our repositories are private for the moment. ", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "We've adopted an Agile development approach, emphasizing test-driven development to ensure robust and efficient outcomes. \n\nOur on-chain components are primarily developed in Vyper and Titanoboa. For the frontend, we employ a rapid and iterative approach, utilizing React to create dynamic and user-friendly interfaces.\n\nOur off-chain infrastructure is primarily built with NodeJS, supplemented by Python for specific functionalities. \n\nIn terms of project management and collaboration tools, we utilize Notion for comprehensive project management and internal documentation. Discord serves as our primary communication channel, enabling quick and efficient team interactions. \n\nFor code management, we rely on Git and our infrastructure is hosted on Google Cloud.", "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": "Our early acces can be accessed here: https://dex-early-access.unstoppable.ooo/margin If you're interested to get a first-hands on our mobile app MVP, please get in touch and we'll set you up.", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "We have devised a multilayered market approach spanning across various target audiences, with the current focus being on crypto-natives for the initial launch phase. Please view this graphic for illustration: https://media.discordapp.net/attachments/1102119363361910834/1207350541890494575/image.png?ex=65df53d0&is=65ccded0&hm=cadd377485f8a34b3e054025bd69e0bbf3da128747c1f4cb85376e7414a49672&=&format=webp&quality=lossless&width=2880&height=878", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Unstoppable is driven by a seasoned team of professionals, each contributing a wealth of experience and a specialized skill set. We are characterized by flat hierarchies, an agile development approach, and a collective ambition to democratize finance via blockchain technology.\n\n**0xNic - Founder, Tech Lead**\n15+ years in full-stack development; active in web3 for 4 years.\n**0xAndi - Data Lead, Backend Dev**\n15+ years in backend development; web3 automation expert.\n**Elsa - Marketing Lead**\nExpert in web3 project nurturing and VC engagement. \n**George - Finance Lead**\n30+ years in banking; specializes in blockchain integration.\n**AC - Product Lead**\nDecade in financial software, with a focus on DAO and blockchain infrastructure. \n**Felix - Business Dev, Operations**\n15 years in tech development, including 3+ years in web3.", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "Please see the public response. Several part-time and freelance contributors complete the core team.", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "## KPIs\nTo ensure transparency, we propose implementing a set of on-chain metrics for tracking key performance indicators. These metrics are designed to provide clear, quantifiable measures of Unstoppable's impact on user engagement, liquidity, and overall ecosystem activity:\n\n**1. Swap Volume**\n- Trading volume routed through Uniswap via the margin and spot trading features. \n\n**2. User Adoption**\n- Returning and unique wallets interacting with the Unstoppable platform.\n\n**3. Market Expansion**\n- Number of new spot margin trading markets.\n\n## Milestones\nTo ensure a structured progression and alignment with our goals, we propose an initial release of 50% of the requested funding upon grant approval. The remaining 50% will be disbursed based on achieving specific, impactful milestones, detailed below. This phased approach allows us to demonstrate tangible progress and ensures that funding is directly contributing to measurable outcomes.\n\n**1.  Public Launch of the Margin and Spot DEX** \n- [ ] wETH, wBTC, USDC margin trading markets live\n- [ ] Liquidity provision infrastructure live\n- [ ] Advanced spot trading orders live\n- KPI Alignment: 1, 2, 3 \n- Grant Unlock: 20%\n- Time Horizon:  1 - 2 Months\n\n**2.  Market Expansion**\n- [ ] Launch of five more margin trading markets on Uniswap\n- KPI Alignment: 1, 2, 3 \n- Grant Unlock: 15%\n- Time Horizon:  3 - 6 Months\n\n\n**3.  User Adoption**\n- [ ] $100M cumulative volume routed through Uniswap \n- KPI Alignment: 1, 2,\n- Grant Unlock: 15%\n- Time Horizon:  3 - 6 Months", "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": "Our strategy is rooted in a robust development plan that progresses according to our roadmap. As we continued to develop the protocol for several months, we created our platform's foundational stability, underlining our commitment to delivering a comprehensive and resilient product.\n\nThe infusion of grant funding from the UAGP will primarily catalyze the post-launch phase, specifically aimed at accelerating adoption and expanding the platform's reach.", "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": "Linked by the Arbitrum Foundation Grant Program", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "We are amidst a rebranding phase, indicating that our existing website still showcases the old branding, whereas the early access version and marketing materials have already transitioned to the new branding. The new website, along with the revamped DEX UI, will be rolled out before our official launch.\n\nWe are eager to provide a demonstration of Unstoppable, showcasing firsthand the ingenuity and user-centric design that define our platform.\n\nFor any inquiries or further clarifications, please feel free to contact our Founder directly on Telegram at: \n\nhttps://t.me/x0Nic0x.\n", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "Please do not share the Early Access links or mobile app access in public.", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73ab205af1476dc22104a6b8b3d4c273b58c6e27:502", "title": "Unstoppable", "logoImg": "bafkreihjqaslajf7xz4j64uzjikeypflnhg4mlo4gm45bt3r4whpbegkmi", "metaPtr": {"pointer": "bafkreidweigfe7bxd72yrrf2byf7g4wi7o2w5v4utn6fz5gg6kx7fuxpwm", "protocol": "1"}, "website": "https://unstoppable.ooo/", "bannerImg": "bafkreiecwplwka3brqyyzojp2hub5jlxkwo5pkez5gbzk2evej2lbbdewa", "createdAt": 1707921501481, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..InPijBtruVuvk5_CjwM2OXQBVB2povMN0FKjKq57WD9g-sk9YyQeufBST0-U3cS1cVUu31dvg0akM5XsfmviBQ", "type": "Ed25519Signature2018", "created": "2024-02-14T14:38:15.360Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-02-14T14:38:15.360Z", "expirationDate": "2024-05-14T14:38:15.360Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x282d81cb007170667FDf7C447042C153d4e6668d", "hash": "v0.0.0:f4dtOXUyod+M37nu31BbZYEvaowgllt80ZB3g8bIDvA=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#UnstoppableFi"}}}, "description": "Unstoppable offers a comprehensive decentralized trading platform, providing a suite of trading features typically found on Centralized Exchanges. Unlike merely porting CEX features on-chain, Unstoppable also innovates on user experience and simplifies digital asset management. Aiming to lower entry barriers, Unstoppable makes DeFi accessible to new user segments, offering them a simple and secure gateway into on-chain trading - without missing any of the comforts of centralized platforms.", "lastUpdated": 0, "projectTwitter": "unstoppablefi"}, "recipient": "0xB81218b11b616c8085fF762cda25005D2090F407"}}