{"signature": "0x31d9707f4a8fc3fe719e00f229a7ec642231d60db637f5d70959b74f5769ebd9016a35320647d04cc60aa7e4e5a5666dd32959c0f197205b8b7684f4fb84638c1b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "YdsgDLu1YOlIHdny12qdmDL56prWrMuS0SUEJVpEiH/T3B9BuHHHyEI8m2nbaPXB", "encryptedSymmetricKey": "5f0a68c9d8aaf02b138e031fd67dff55acc81d50d61fc461149af2c5addf9d291dc4c73bdcf08af8426cfdd1b337681125d2363b1afca4c7db095f8d55edeade7217c7f0dd199fcf52964b566b8159fe20ce41f8ffa261899918dfa2d5b54e8f0a1f83fd400536fb2e216b3c65bf45d6caf6595212f7c6c09cc94a97d18487130000000000000020ead8478ea79f4ca12d20cf0bd9f4337301a453a12add2ad8b1ef6bdb264656915ce4c054f493e70c7cdf046aa274dab0"}}, {"type": "paragraph", "answer": "We began developing the Sweep n' Flip NFT DEX in January 2023, initially focusing on validating and adapting our product to the NFT market and its unique features. This includes managing secondary sale royalties, considering whether collections use EIP2981, and incorporating a variety of off-chain details such as NFT metadata, IDs, rarity, and other characteristics critical to shaping the product\u2014primarily informed by our beta users' experiences.\nOur vision is to create a Liquidity Hub for NFT collections that provides the NFT ecosystem and its participants with a more secure and liquid environment.\nThe NFT market serves as an inviting gateway to Web3, appealing to a broad spectrum of users far beyond financial speculators. It welcomes young individuals, gamers, collectors, artists, and enthusiasts of real-world assets, tickets, records, among various other user profiles. This inclusivity underscores the importance of prioritizing user experience on our platform. By doing so, we aim to offer seamless liquidity and ensure that even newcomers can navigate it with ease.\n", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "50000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "Focusing on full development of all features and products. To make this user experience even more straightforward, we aim to develop tools such as:   - Advanced routers, optimizing paths for better customer pricing. - Zap Add Liquidity, allowing users to provide liquidity with just one asset. - Farming and LP token staking to offer incentives to Liquidity Providers. - APIs to simplify composability with other protocols.   These tools and more are part of our strategy to position ourselves as a central liquidity hub for the entire NFT ecosystem. linked to liquidity pools. ", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "Our focus for utilizing the grant provided by Uniswap/Arbitrum will be on development.\nWe request the minimum offered amount of $50,000 to assist our team in building our next features in the best way possible and to continue supporting the operational products within the Arbitrum ecosystem for 12 months.\nThe budget allocation is as follows:\n- Smart Contract Developer: $2,000 * 6 months = $12,000\n- Full Stack Developer: $2,000 * 6 months = $12,000\n- Project Lead/Research: $2,000 * 6 months = $12,000\n- Project Manager: $2,000 * 6 months = 12.000\n- Additional costs $2.000\nAdditionally, I would like to mention that the co-founders of the project have been dedicating their time without compensation since January 2023, and covering all project expenses to date with a very tight budget. This has unfortunately slowed our progress but demonstrates our total commitment to the project, further emphasizing the importance of this grant for the continuation of our journey.\n", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Open Contribution", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "Sweep n' Flip |NFT DEX, at its core, is a fork of Uniswap V2, to which we've added the necessary dynamics and user experience to handle the non-fungibility of NFT collection items. We are innovating in this still-new segment, which has much to be explored, and our growth, traction, and product evolution will enable significant advancements for this sector.   As a public good, we are developing the protocol in an open-source manner. Therefore, we believe that funding our operation through the Uniswap/Arbitrum grant supports the development of the entire NFT-Fi sector and expands the legacy of Uniswap, as well as broadening the range of products offered in the Arbitrum ecosystem.", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "Sweep n' Flip | NFT DEX aims to benefit the entire NFT ecosystem by leveraging the foundational product of Uniswap, Uniswap V2, which introduced the innovative Automated Market Maker (AMM) method that revolutionized exchange systems in history. Given that the NFT market primarily relies on order books for liquidity, adapting Uniswap V2 for this market could bring similar benefits to those Uniswap V2 delivered to the fungible (DeFi) market. It will enable the creation of various new ways to trade NFT Collection Items and everything they can be or represent.\nWe are extending Uniswap's legacy to the NFT market, which will directly benefit the Arbitrum NFT market that is still nascent compared to the size of its DeFi TVL. Our mission is to connect the DeFi and NFT ecosystems on the Arbitrum network and elevate this market to a new level.\n", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "Yes, our project has already undergone a security audit, and we ensure that all newly deployed contracts are audited as well. Looking ahead, with additional funding, we plan to engage more audit firms to increase redundancy and enhance security measures further. You can find the details of our audit at the following link: https://sweep-n-flip.gitbook.io/documentation/sweep-n-flip-or-amm/audit.", "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 core smart contracts are Open Source https://github.com/orgs/sweep-n-flip/repositories Back-end and front-end we are keeping closed for now.", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "We manage our team using Jira, optimizing task tracking and project flow. Our tech stack includes JavaScript and Solidity, with Next.js for the front end and NestJS for the backend, organized in a monorepo for efficiency.", "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": "You can see how the core of our project functions and our unique approach to managing NFTs in pools by watching this video: https://youtu.be/NvFGoz2cLB0. Additionally, you're invited to test it yourself at sweepnflip.io.  For more detailed examples, check out these videos:  AMM Overview: https://www.loom.com/share/6dc363a7b76a4dc1b8f9de6fcb3e59d6 NFT Marketplace Aggregator + Automated Flipping Tool: https://www.loom.com/share/ba9644750d8c4ba6aff556685953c754", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Our target audience for the NFT AMM market includes:  NFT market players. We aim to attract NFT players from Ethereum to Layer 2 networks. We seek to draw DeFi participants (farmers, LPs) into the NFT market on Arbitrum and other L2s. Gamers and new entrants to the NFT market will find easy interaction with our items. NFT Collections will benefit from liquidity tools and tokenomics to engage their communities and increase revenue through royalties. Other NFT-Fi Protocols that can compose in our liquidity and offer better services, such as NFT Lending Protocols, NFT Futures, etc. We also offer new arbitage opportunities for traditional DeFi players for example DeFi DEX Aggregators.  We have a well-defined go-to-market plan to be executed following capital inflow, primarily from Venture Capital in our pre-seed round. Currently, our burn rate is approximately $3,000-$4,000, bootstrapped by the founders. For our pre-seed round, we are raising $750k USD, which will serve as a catalyst for our launch, focusing on the main L2 networks where we are deployed, especially Arbitrum.  Following a seed round, our target will expand to include Ethereum Native Collections bridged to L2s through our NFT Bridge, enabling cross-chain NFT swaps. You can view the Proof of Concept we developed for the Chainlink Constellation Hackathon in December 2023 at https://devpost.com/software/prysmswap-cross-chain-nft-dex.  Securing this grant now will allow us to accelerate our product roadmap and increase our fundraising velocity, enabling our official launch.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "- Leonardo Carvalho - CEO- Co-founder Product research and Ideas\n- Vin\u00edcius Vasconcelos - COO- co-founder Product Manager;\n- Rodrigo Ferreira - Smart Contract Developer and co-Founder\n- Welliton Gervickas - Full Stack Developer\n- Lalo Trage - Advisor, BD and NFT OG \n", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "The team consists of entrepreneurs active in the DeFi/NFT market since 2017, who are doxxed and publicly known in Brazil. Since 2020, we have launched and tested numerous products, actively engaging with and shaping various market cycle theories, thereby making a significant contribution to the evolving DeFi/NFT landscape. Our team has participated in the Tachyon startup acceleration program, supported by Filecoin and ConsenSys Mesh. We currently have this product in an advanced stage of validation.\nRodrigo Ferreira has a PhD from Yale University and is a smart contract specialist.\nWelliton Gervickas, a senior developer, is in the process of rejoining our team. He has contributed significantly by developing tools like the NFT Bridge, leveraging Chainlink CCIP/Automation and Layer Zero technologies.\nLeonardo, Vin\u00edcius, and Lalo are entrepreneurial, active users of the market, driving the project's vision and management. They are responsible for ideation and overseeing the team's direction, both from an administrative standpoint and in terms of product roadmap and business development. Their combined expertise and active engagement in the market ensure a well-rounded and innovative approach to our project's growth and execution.\n", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "We will split the main milestones for the project into the following four main deliverables.\n1. Enable ERC20/Collection Pools \nEnabling ETH/Collection and any ERC20/Collection pools is very important to open arbitrage opportunities and enhance the trading volume of the platform. Our first milestone is to finish this complete routing allowing the system to find the best opportunities in the pools and get the best prices.\n2. Zap Add Liquidity\nAs an important feature to reduce the barriers in making even novice users from the NFT space being liquidity providers, the Zap feature automating the Add Liquidity process is indispensable, allowing NFT collections to interact with their communities in an easier way.\n3. Farming \nThe Staking/Farming protocol integrated in our platform will allow collections creating innovative tokenomics and incentives campaigns to boost their liquidity into the ecosystem.\n4. APIs\nWe are offering a DeFi composable technology and our liquidity can be accessed by any DeFi or NFT player. In order to facilitate the integration with NFT Marketplace Aggregators and DeFi DEX aggregators we will provide our API and connect our pools in the main protocols.\nThese features are very important for the success of our platform, therefore we are developing them with a focus of having a complete and ready to scale platform. We have the track record of already being running and audited with the core feature and those complementary features are important pieces of our long term view .\n", "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 project's feasibility is clear and straightforward to demonstrate, as we are not attempting to reinvent the wheel. Instead, we're adapting proven DeFi frameworks to the NFT space, tailoring them to meet its unique requirements. The primary challenge lies in accommodating the distinct nature of non-fungible assets while ensuring a seamless user experience for these transactions. Given our extensive experience with NFTs and our track record of achieving milestones on a limited budget, the support from this grant will significantly streamline our delivery process.", "hidden": false, "question": "How do you plan to reach these milestones? (Explain the project feasibility).", "questionId": 17}, {"type": "multiple-choice", "answer": "Yes", "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": "We have a Telegram group with some members from Offchain Labs. They have been assisting us in exploring potential funding avenues through grants and/or introductions to VCs. They recommended the Arbitrum Grants page for us to apply where there are synergies. Additionally, they are aiding us with business development within the ecosystem to support our go-to-market.", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Our project is currently in the pre-seed fundraising phase, and we are aiming to raise $750,000 to execute a major launch.\n\nWe are maintaining minimum viable operations with a current burn rate of approximately $3,000 to $4,000 / month.", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "If our application is to be denied, we kindly request a prompt response. Unfortunately, we have previously experienced prolonged waiting periods for decisions, which have not only led to an unsustainable burn rate but have also placed me, as the project leader, in a challenging position managing expectations, especially among our developers who are in high demand in the market. A swift decision would greatly assist in our planning and resource management.  On the other hand, if you are optimistic about our project and see synergies with the program, we are available to address any questions and delve into greater detail.  We are extremely grateful for the opportunity.  Sincerely, Leonardo Carvalho", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73ab205af1476dc22104a6b8b3d4c273b58c6e27:471", "title": "Sweep n' Flip | NFT DEX", "logoImg": "bafkreifr5qqbvlvuepxsdegb6mvhe26cyrgfhquwzzr5er6ajwu3h6bm2i", "metaPtr": {"pointer": "bafkreic4ipfizjo2mexgae2qo4eea5gr2dr5hln3ucyo4nodfato26rtwe", "protocol": "1"}, "website": "https://sweepnflip.io", "bannerImg": "bafkreibu5jsfaq6llati7in4t5tudgmjxk5vyafpqy5j3wfua6i6juge7e", "createdAt": 1706884875050, "credentials": {}, "description": "# Sweep n' Flip | NFT DEX\n## The \"Uniswap V2\" for NFTs\n\nMultichain liquidity infrastructure designed for NFT collections. Traditional 50/50 AMMs to the NFT space, enabling instant swaps, enhancing liquidity, and boosting trading volume.\n\nBuy or Sell NFTs instantly and earn trading fees being a Liquidity Provider.\n\nWe are positioning our protocol to be a liquidity hub for the NFT ecosystem, aiming to elevate the entire NFT ecosystem to a new level in terms of security and spot liquidity. Furthermore, we plan to enable stronger connections with the fungible DeFi ecosystem in the future, which could allow for various future experiments, for example, considering RWA tokenization since we deal with non-fungible items.\n", "lastUpdated": 0, "projectGithub": "sweep-n-flip", "projectTwitter": "SweepnFlip"}, "recipient": "0x5c97EE3631d2da10F1784d65432e768442bBFf21"}}