{"signature": "0x4cfd1b71dd979f8fa4ffedc01d6a4d1e99dfade046a4fbcaa64d4b51ac8845e90fa08430c6091fae9e5b85de3a08bc830e313058c9134b4fc1c7065490c6711b1c", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "qhw4X6R4r6gtjhbbChJSBQBZDpFz2GynLQYudnHEXi9tOOoryWA/5iCCFH1TjG5q", "encryptedSymmetricKey": "a69345664098481a3819c9cd544c855345563e9ab7f7bb68f593a5e1363c69cd225ee12539ff1b9a8cdb7971d3b2421953fa997f00a829c10bfd1f86905faf744de867cb7c39c2c6ebb6756dfa5bb5dd8262827aa3c8ec410f59d57337e75ba6d2e15911b134f3d6d2a1350066e82030b471338172e7c00570f5658493357e2d000000000000002092e6070adbd1fadea762f82cc63a09f36c67e38488154dbb745b85ee880c669decdeaafbfe9741bff503c7ee962d77b4"}}, {"type": "paragraph", "answer": "Gamma Options, a pioneering DeFi protocol on Ethereum, stands out for its unique features. It facilitates European options trading and issuance through AMM markets and margin utilization, offering a one-of-a-kind solution.\n\nKey points:\n- Gamma Options has a strategic advantage as the first mover on Ethereum L1, which currently holds the dominant majority of TVL. Its EVM compatibility allows for future deployment on L2 networks and other EVM-based blockchains, positioning the protocol for potential growth and scalability.\n- Unparalleled capital efficiency combining margin utilization and concentrated liquidity market making.\n- Soft launch strategy prioritizes quality over hype, with ongoing beta testing on the Sepolia test network. We're gradually stabilizing the platform and expanding the user base, engaging around 100 daily users.\n- Our experienced team ensures success, including co-founders with over a decade of blockchain expertise, seasoned business developers, and advisors with 25+ years in options trading.\n- Built on top of Uniswap, Gamma Options utilizes TWAPs to track the underlying asset price and uses swaps daily for settlements.\n- Release on the main network expected for the end of April.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "120000", "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 owned by Gamma Options Ltd., incorporated on British Virgin Islands. Development has been and will be done by Merkle Blue DOO incorporated in Serbia. Entirety of the funds will be allocated for the developers salaries (we are burning through our pre-seed round, and in the middle of negotiations for the seed round)). Invoices with accompanied bank statements will be provided for inspection", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "The entirety of the funds will be spent on developer salaries.", "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": "Gamma Options utilizes Uniswap TWAPs as an oracle for the underlying asset price, and more importantly uses swaps on a daily basis for options settlement and its futures implementation", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "Gamma Options will provide volume to Uniswap, which uses its swap features for various application use cases, such as position closing, options settlement, and futures implementation. \nThe bigger the volume on Gamma Options - the bigger the volume on Uniswap.\nAlso, we use Uniswap as money Legos (composability is one of DeFi's primary paradigms) and intend to become the Uniswap of options so that other DeFi products can build on top of our platform. Options are a cornerstone of any sophisticated financial solution.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "No. We are planning to undergo multiple security audits, and are already in talks with potential auditors", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "It is not open-source yet, as it has not yet been released. That being said, we wouldn't oppose granting access to anyone from your team who would like to verify our legitimacy.", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "- We follow the SCRUM framework, but it is slightly tweaked because we are a small team, and being a bit less formal turned out to be more efficient.\n- Smart contracts are written in Solidity following TDD.\nThe goal that we set for ourselves is to have 98% code coverage. \n- We use AI tools such as copilot and codium.\n- Due to Truffle's discontinuation, we are in the process of migrating to Hardhat, a decision that ensures the continuity and efficiency of our development process.\n- UI is written in JS and React/Redux.\n- Staging network is a geth client spinning on AWS cloud, and up until recently, it has also been our system for user engagement. Now we use Sepolia for that and final tests before going to the main net.\n- Blockchain interaction for data gathering through the quick node.\n- Bi-weekly functionality demonstrations to our investors.\n- Monthly board meetings.", "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": "demo is a bit outdated as we've done a lot of development since. I would encourage anyone to try out the app first hand on: https://app.gammaoptions.com/portfolio/", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Experienced options traders. Professional liquidity providers (institutional and retail). Crypto enthusiasts with less experience with options trading (using our platform it is easy to develop structured products with clear risk exposure, short term or long term gains). Finally the fire and forget guys who would just provide capital to our margin pool and earn accrued interest. We started a partnership with amazix.com, who have done a market launch plan, and intend to renew it once we land the seed round.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "- Bojan Jovin\n- Nebojsa Konstantinovic\n- Dunja Torbic\n- Tamara Licina\n- Slaven Garic\n- Mihajlo Strajin\n- Aleksandar Tanackov\n- Eric Dinowitz\n- Ron Bernstein\n- David Wender\n- PEZ Capital\n**https://gammaoptions.com/#team**", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "**Bojan Jovin** - CEO and co-founder\nExperienced project manager. Led multiple projects across Europe, Asia and South America. Actively involved in blockchain landscape since 2012. Senior Solidity developer with over 6 years of experience. Deep understanding of blockchain patterns, paradigms, and limits.\n\n**Nebojsa Konstantinovic** - CTO and co-founder\nExperienced smart contract developer (Solidity, Truffle) on Ethereum blockchain. Background in web development using Javascript language and Javascript frameworks (Nodejs, Npm, React, Redux, MaterialUI, etc.). Involved in crypto since 2011.\n\n**Dunja Torbic** - DevOps/QA\nSoftware engineer with 7 years of experience in development. Blockchain enthusiast. Started career in Schneider Electric DMS as a software developer in DevOps department. Got curious about blockchain techologies and their potentials and decided to pursue in that direction.\n\n**Tamara Licina** - DevOps/QA\nSoftware engineer with 8 years of experience in QA and Scrum. Started career in Schneider Electric DMS as a QA in SCADA department. Followed by Scram Master role in automotive industry in TTTech Auto.\n\n**Slaven Garic** - UI developer\nExperienced in Javascript technologies like React and Node.js. Enthusiastic and highly motivated to learn and acquire new skills. Interested in algorithms, web development and software design techniques.\n\n**Mihajlo Strajin** - UI developer\nJunior software developer focused on frontend technologies. BSc in Information Technology. Highly motivated to learn new skills especially about blockchain.\n\n**Aleksandar Tanackov** - graphic designer\n25 years of Experience in the field of graphic design, including all printed as well as all design presented on the screens. Well-versed in any animation.\n\n**Eric Dinowitz** - business developer\n25+ years as a commodity options market maker Venture investor in crypto startups: BlockFi , STORJ and FOAM.\n\n**Ron Bernstein** - advisor\n25+ years experience trading options on commodity futures in New York and London. Advisor to Augur in 2015, founder of Paradex.io (acquired by Coinbase) and Periscope Trading.\n\n**David Wender** - advisor\nExperienced Founder having sold my first company to a global exchange group which later purchased the NYSE. As the founder of WhenTech LLC, I fundamentally changed how options were traded on the New York Mercantile Exchange by being the first to build tablet-based software, well before iPads or even iPhones existed, and was the first to bring handheld technology to the trading floor.\n\n**PEZ Capital** - advisor\n20 years of trading experience across FX, Cryptocurrency, and Commodities. Venture investor in Blockchain and Cryptocurrency.", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "1. Release on main-net (alpha release)\n2. Lend seed round\n3. Start of marketing campaign\n4. Smart contract audits\n5. Beta release\n6. Release on L2\n7. UI optimization for mobile\n8. Structured products release\n9. V2 development (multiple token pairs, optimized margin model etc.)\n10. V2 smart contract audits\n11. Two V2 releases: one purely DeFi, and the other one with KYC, AML and necessary regulations (already in talks with company that does KYC and AML on smart contract level)\n\nhttps://gammaoptions.com/#roadmap", "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": "The product is in the final beta testing phase and will be released soon.\nWe are considering releasing on L2 first, as it would require less liquidity due to the lower transaction fees and enough market depth for daily markets.\nWe have already commenced talks with several potential investors and liquidity providers.\nThe release is essential as it will provide traction and analytics data to the parties of interest.\nWe already have a partnership with a marketing firm (Amazix) that will promote our product and do CRMS in the early stages.\nAlso, we are in the process of defining tokenomics with one of the top firms in that field - Calea Digital (ex Turing consulting).\nUpon landing the seed phase, we intend to expand our team and onboard consultants from the UK we are negotiating with.\nThe plan is to go gradually:\n- soft release, learn, upgrade\n- release purely DeFi version, use it as a proof of concept\n- expand upon it, commit to regulations and get institutional capital involved", "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": "Looking for matching grants online", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Gamma Options is a very ambitious project that intends to become **the** options solution for the Ethereum ecosystem.\nWe have landed a pre-seed round of investments ($500k at $4M valuation) to bring the platform from demo to the finished product. We have managed to do so, but since most of investors prefer to see a live product before committing, getting this grant would help keep the team of developers who helped create this solution together", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "no special requests", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "0x801d6dd2bae668492ad068dc19c7c27329e862875734e7e399388016c6f87f30", "title": "Gamma Options", "logoImg": "bafkreiavez72tdit4243b73ftqn7nbfqupnn2bf7aj6dx3pjmx5j3jjwom", "metaPtr": {"pointer": "bafkreidd3v7oz54d3cfbq444ofh4u5gdxy4x7wjudqfxyp3ldzihtfphzq", "protocol": "undefined"}, "website": "https://gammaoptions.com/", "bannerImg": "bafkreicumjyoruqckixsphjifyouqvyot5h5fk5f2vhcddtfolb24eyv2y", "createdAt": 1712176080431, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..t8JQ4AFlDoMltsqQ0qPAJ_ti5ZEgCBNoF4inhk2nWVURA7izN45B3xnqLwTGjHOE5bPefu8j2NmpdJWWvsr3Cg", "type": "Ed25519Signature2018", "created": "2024-04-03T20:27:53.223Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-03T20:27:53.223Z", "expirationDate": "2024-07-02T20:27:53.223Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x7672D1F3C832796D378827019a9f9Bf4D80404Aa", "hash": "v0.0.0:8xz5+nhrNY7rCqploeSAaUrsOp7By/NV3l1UwHH+Bvs=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#GammaOptions"}}}, "description": "Gamma Options, a pioneering DeFi protocol on Ethereum, stands out for its unique features. It facilitates European options trading and issuance through AMM markets and margin utilization, offering a one-of-a-kind solution.\nKey points:\n \u2022 Gamma Options has a strategic advantage as the first mover on Ethereum L1, which currently holds the dominant majority of TVL. Its EVM compatibility allows for future deployment on L2 networks and other EVM-based blockchains, positioning the protocol for potential growth and scalability.\n \u2022 Unparalleled capital efficiency combining margin utilization and concentrated liquidity market making.\n \u2022 Soft launch strategy prioritizes quality over hype, with ongoing beta testing on the Sepolia test network. We're gradually stabilizing the platform and expanding the user base, engaging around 100 daily users.\n \u2022 Our experienced team ensures success, including co-founders with over a decade of blockchain expertise, seasoned business developers, and advisors with 25+ years in options trading.\n \u2022 Built on top of Uniswap, Gamma Options utilizes TWAPs to track the underlying asset price and uses swaps daily for settlements.\n \u2022 Release on the main network expected for the end of April.", "lastUpdated": 0, "projectTwitter": "GammaOptions"}, "recipient": "0xcefdad27a4960f5900db47a4ec967fbd836fe5c9"}}