{"signature": "0xaad299d701a2e17e260e013f16895548932f39007e4579bbe03b6f3586641ee9633b3508bb8285285578c6c584e7df3997ef0b960c9fa4c0185cbc5764455c001c", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "2cATuwH0X+31cH/Qgxssr7AbbsKpekOZCEOxADurtkdduTecuLqh2JHsdjfQoWub", "encryptedSymmetricKey": "c0fa6db3039790468038070ac9c95ae35665a086a90e3fe3af22795847774c259cbe952d0a60c85ad6a7a1a5ea21ce18889a2989455ff9cab38e1eb89e073e533f39a8b2b319bbbf5816f6a7807f24a712cd7ea09d101a8a4c4428743f5d5d80f4ce018d8ef7c31812fe439486756b63adefe094f8cfbecbec37630f49b90b7b00000000000000201807a5c8819138968bce584cfa30e0ad18caad1451051879824ecdc3a4f8ea4d0f14c34919abaa34966512f9bec26a8a"}}, {"type": "paragraph", "answer": "We are requesting a grant to pay for the audit of MultiSwap\u2019s smart contracts.\n\n\nMultiSwap is a multichain DEX aggregator that enables the seamless swapping of any asset for any asset on any integrated network. MultiSwap is the first cross chain infrastructure that does not employ a \u201clock and mint\u201d mechanism; the vector of nearly all crosschain hacks in the space.\n\n\nAside from Ethereum and BSC, and because the majority of our token economy exists on Arbitrum, Arbitrum is the first network that Ferrum has decided to integrate MultiSwap with. On the same token, Uniswap is the first DEX that we decided to aggregate liquidity from. We expect to see a large amount of volume in the direction of moving assets to Arbitrum via Uniswap LPs.\n\n\nBecause of this, we wanted to implore the help of both Arbitrum and Uniswap to help us get this product past the finish line with an audit.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "60000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "The entirety of the funds will be used to pay for the audits. We have received quotes for two audits. The cost breakdown is as follows. MultiSwap quote for a standard audit contest: $47,000. Audit from a well-known security firm for a traditional audit: $14,000.", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "The entirety of the funds will be used to pay for the audits. We have received quotes for two audits. The cost breakdown is as follows. MultiSwap quote for a standard audit contest: $47,000. Audit from a well-known security firm for a traditional audit: $14,000.", "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": "Transactions happening via the MultiSwap interface will aggregate liquidity from Uniswap LPs thus increasing volume on the DEX and encouraging TVL. ", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "We are targeting $150 million in cumulative transacted volume across all integrated networks in the first quarter of operation and over $350 million over the first 2 quarters. We\u2019re confident that we can achieve these numbers as the first iteration of this product - the Ferrum Cross Chain Token Bridge - has done $200 million in volume with only one bridgeable asset; $FRM.\n\nGiven the above, MultiSwap is poised to encourage volume and TVL on both Uniswap and the Arbitrum network.\n\nGiving users a single interface to port liquidity to the Arbitrum ecosystem will reduce a lot of the layers of friction that currently exist due to the cumbersome process of using multiple DEXs and third party bridges to move assets to the network currently. ", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "No, the funds for this grant will go to supporting the 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": "Yes. https://github.com/ferrumnet/MultiSwap", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "We use an iterative and lean approach toward development that goes like this: Dev -> QA -> UAT -> Staging -> Launch. We focus heavily on quicker deployments internally to incorporate feedback, then start detailed usability, security, functionality and reliability testing to capture any gaps in our initial approach. We quickly implement this feedback and then get the product in the hands of our customers when it passes our standards for performance and security. \n\nOnce the product is in the customer\u2019s hands, we utilize an effective feedback loop to continuously improve our product by prioritizing the feature enhancements and bug fixes based on the priority of the feedback we are receiving. \n\nIn order to deploy to Arbitrum we utilized the same principles. We first scoped out the build, then started with a shell app version of the deployment that explored the possibilities of functional integration. Based on the results of this initial effort, we identified high traction and demand areas to prioritize and built MultiSwap into a production ready product that is now ready for audit. ", "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": "https://www.youtube.com/watch?v=2KJWdIhP0PE", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "The target audience for MultiSwap are above averagely sophisticated Web3 users who participate in chains outside of Ethereum. Anyone who has used a bridge or crosschain DEX aggregator is considered part of our target audience. Therefore we are planning to target those users via calculated SEO tactics, banner ads, social media ads, and even vampire marketing.", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Naiem Yeganeh, PHD - Founder, CEO and Lead Developer \nhttps://github.com/naiemk \nEmail: Naiem.Yeganeh@Ferrum.Network\n\nIan Friend, ESQ - Co-Founder and COO\nEmail: Ian.Friend@Ferrum.Network\n\nTaha Abbasi - Chief Technology Officer\nhttps://github.com/taha-abbasi \nEmail: Taha.Abbasi@Ferrum.Network\n\nNick Odio - Chief Growth Officer\nhttps://github.com/cryptodio \nNick.Odio@Ferrum.Network\n\nNichell Logue - EVP Operations\nEmail: Nichell.Logue@Ferrum.Network\n\nHasnat Malik - Director of Projects\nhttps://github.com/hasnatmalik \nhasnat.malik@ferrum.network\n\nMaiwand Sultan - Senior Project Manager\nhttps://github.com/MaiwandSultan \nmaiwand.sultan@ferrum.network\n\nSalman Haider - Lead Blockchain Architect\nhttps://github.com/salmanferrum \nEmail: Salman.haider@ferrum.network\n\nZikriya Mushtaq - Sr. Backend Engineer\nhttps://github.com/zikriya \n\nAbdul Ahad - Software Engineer\nhttps://github.com/AbdulAhadArain \n\nMuhammad Haris - Software Engineer\nhttps://github.com/MHaris-Ferrum \n\nAmir Hassan - Senior Quality Assurance Engineer\nhttps://github.com/AmirFerrum \n\nSheraz Riaz - Senior DevOps Engineer\n\nThe rest of the incredible team can be found here: https://ferrum.network/about-ferrum/ ", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "Naiem Yeganeh, PHD - Founder, CEO and Lead Developer\nHaving worked as a software engineer at the likes of Microsoft and Amazon to leading a core machine learning team at Bloomberg, Naiem is the mastermind behind the products at Ferrum. His technical prowess has laid the foundation for Ferrum\u2019s success. \n\nNaiem is the one who established the node infrastructure for MultiSwap and will be responsible for maintaining and managing the node infrastructure for the integration. Naiem will also be handling code reviews throughout the integration.\n\nIan Friend, ESQ - Co-Founder and COO\nIan worked for many years as a lawyer before meeting Naeim in 2018 and deciding to embark on the Ferrum journey. Ian is one of the most beloved founders in the space and is the face of the company. The confidence that he has been able to instill not just in the community but also the multitude of projects that Ferrum has advised is invaluable to the success of Ferrum.\n\nIan is not only the co-founder but the face of Ferrum. He will be handling much of the day to day educational materials alongside members of our marketing team. Podcasts, YouTube interviews, and community engagement are all areas in which Ian will provide his expertise.\n\nTaha Abbasi - Chief Technology Officer\nTaha has co-founded a multitude of companies including a wildly successful software development house called Web N App. Taha has worked as the CTO of multiple companies including National Geographic - Singapore and has led teams responsible for the Mars 2020 and Europa missions at NASA.\n\nTaha serves as the CSO at Ferrum and oversees the development of Ferrum's wide array of products. He is also the senior architect and will be designing and creating the architecture for the integration.\n\nNick Odio - Chief Growth Officer\nNick is a serial networker. From being heavily involved in the music industry, working with Grammy award winning artists, to leading field operations divisions for companies, Nick has extensive experience in areas related to strategic partnerships and relationship management, as well as strategic initiatives.\n\nNick Odio is our Chief Growth Officer at Ferrum. He is responsible for drafting the proposal. He is also one of the main spokespersons for Ferrum Network alongside Ian Friend and will be doing a lot of the PR related items as it pertains to MultiSwap alongside members of the marketing team. He will also play a vital role in the adoption of MultiSwap from a business development perspective as he will find and encourage partner projects to leverage MultiSwap within the ecosystem and beyond. He and Nichell Logue will oversee any logistical elements to the process as it pertains to the relationship between Ferrum and your network.\n\nNichell Logue - EVP Operations\nNichell served as both a Project Manager and ultimately a Team Leader at CSC for over a decade before joining Ferrum. CSC \u200b\u200bis the world\u2019s leading provider of business, legal, tax, and digital brand services to companies around the globe. At Ferrum, Nichell plays an integral role in ensuring the internal operations of the company are running smoothly. She\u2019s a genius in terms of creating SoPs for the otherwise overwhelming amount of moving pieces at the company and also heads up our HR department.\n\nNichell is the EVP of Operations at Ferrum. She handles all of our HR related items as well. There's a good chance that we will seek to source additional engineers in an attempt to speed up the timeline we provided. Nichell will play a vital role in sourcing that talent. Her and Nick Odio will oversee any logistical elements to the process as it pertains to the relationship between Ferrum and the Arbitrum/Uniswap program.\n\nHasnat Malik - Director of Projects\nHasnat is the director of projects at Ferrum. Hasnat is responsible for making sure that the plan which is approved is also compatible with the other products at Ferrum. Any updates or upgrades happening for the products during the integration period are also implemented for the integration to make sure all products are updated constantly.\n\nMaiwand Sultan - Senior Project Manager\nMaiwand will be the project manager for the integration and will be your primary POC. Maiwand will be making sure the milestones are delivered on time and everything is followed as per the initial approved plan.\n\nSalman Haider - Lead Blockchain Architect\nSalman has a rich-experience of 7 years working in corporate companies from being a Software Engineer to CTO. He had worked with Etisalat (Largest Telecom Network in Asia) & Avanza Innovations as a Senior Blockchain Engineer & Project Head of UAE Trade Connect (UTC - National Trade Finance Platform) and implemented the Blockchain Solutions in 13+ National Banks of UAE. (https://www.etisalatdigital.ae/en/uae-trade-connect.jsp). He has been working in Blockchain Space for the past 2 years with an in-depth and diverse experience in developing & Architecting Complex Blockchain Systems. He also teaches Blockchain Architecture at Althash University as an Associate Professor & Faculty Chair.\n\nSalman Haider is our Senior Blockchain Architect at Ferrum Network with 7 years of hands-on experience of Architecting & Developing the secure Web 2.0 and Web 3.0 Complex Software Systems. Salman has expertise with Casper, Pocket & Algorand to name a few and has skillset in Solidity, RUST, COSMOS, PyTeal, and more. Salman will be our Senior Engineer working on this integration and will be leading our engineering team. Salman will also be the lead engineer in developing the smart contracts. His expertise will be very handy to get the delivery over the line within the delivery time period.\n\nZikriya Mushtaq - Sr. Backend Engineer\nZikriya is an experienced backend engineer with 9 years of development experience. Zikriya started his career as an Android developer before he moved to backend development in 2017. He iis responsible for backend integration required to support data structures, token lists, and other supporting APIs required to provide a smooth and secure interface for frontend to backend interactions.\n\nAbdul Ahad - Software Engineer\nAbdul Ahad is a full stack resource with a lot of Web3 and React experience. He will be the lead frontend engineer for the integration. Ahad will also be responsible for building the UI and integrating it with smart contracts.\n\nMuhammad Haris - Software Engineer\nHaris is also our full stack front end engineer who will be assisting Ahad with UI throughout the integration period.\n\nAmir Hassan - Senior Quality Assurance Engineer\nAmir will be the designated QA engineer for the integration. He will be testing everything from end-to-end during the sprint cycles to make sure the quality is maintained.\n\nSheraz Riaz - Senior DevOps Engineer\nSheraz is the Dev-Ops engineer at Ferrum. He will be responsible for creating CI/CD pipelines for deployment.", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "Our project milestones are clearly defined as follows\nCease PRs Prior to Audit - (March 2024): This signifies that the code has been finalized prior to audit. To make sure everything is set to be sent to the auditor we will conduct a thorough internal code review.\nPublish Code and Announce MultiSwap Audit - (April 2024): Once the code has been published, we will announce the MultiSwap audit. The purpose of publishing the code is to maintain transparency with the community by ensuring all relevant documentation is ready and accessible.\nRun MultiSwap Audit (April 2024): During the audit, our team will closely monitor feedback and reports from auditors. We will set up a dedicated channel for communication with auditors to address any issues promptly.\nFinalize Audit with Partner (May 2024): Our dedicated internal team will interface with the auditing firm and ensure that all findings have been addressed and resolved.\nLaunch (May 2024): Launch protocol!\nTo effectively track and manage milestones, consistent updates will be communicated to stakeholders through our established channels.", "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 are nearing the end of the code development phase of our project. Grant funding will be used to subsidize audit costs, which are essential for ensuring our protocol's security and reliability. Our auditing firms have provided us with accurate quotes and confirmed their availability prior to requesting the grant.\nThe grant will allow us to immediately move forward with the auditing process, adhering to our planned milestones and ensuring the protocol's timely launch.\n", "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 our contacts at Offchain Labs. ", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Please see the MultiSwap architecture doc here for a deep dive into the technical specs of the protocol.\n\nhttps://docs.ferrumnetwork.io/ferrum-network-ecosystem/v/multiswap-and-multichain-liquidity-pool-bridge/", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "We really appreciate everyone taking the time to read and consider this application. Ferrum has gone all in on the Arbitrum ecosystem recently having deployed the majority of our token supply on the network along with our DeFi 2.0 product Crucible which is responsible for locking in nearly 30% of our circulating supply on the Arbitrum network. We have now made Arbitrum among the first of the networks integrated with what we expect to be our flagship product, MultiSwap. We have done all of this without ever going to Arbitrum and asking for support.  We really hope that we are able to receive some now as we are so close to the finish line. Thank you all again for your time. WAGMI!", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:449", "title": "MultiSwap powered by Ferrum Network", "logoImg": "bafkreiakq4gta363aootlfau2q7qnmtkjtrt35d7gqospr73t3n6ff7i2q", "metaPtr": {"pointer": "bafkreieiemvpopkxcfp4b472aepmeyxkguaeiyinr26n6qbj7hd22mlbcm", "protocol": "1"}, "website": "https://www.ferrum.network", "createdAt": 1705929496490, "userGithub": "cryptodio", "credentials": {}, "description": "MultiSwap is Ferrum Network's flagship product. It functions as a multichain DEX aggregator to enable seamless crosschain swaps without the use of lock-and-mint bridging mechanisms. By tapping into the DEX liquidity on Uniswap it encourages volume and TVL on Uniswap. And by creating a single interface for users to port liquidity to the Arbitrum network, MultiSwap reduces the layers of friction that exist between users and the Arbitrum ecosystem. To understand a bit more behind the architecture of MultiSwap, please be sure to check out the architecture document here.\n\nhttps://docs.ferrumnetwork.io/ferrum-network-ecosystem/v/multiswap-and-multichain-liquidity-pool-bridge/", "lastUpdated": 0, "projectGithub": "ferrumnet", "projectTwitter": "FerrumNetwork"}, "recipient": "0xC1f0b3c45671A6dB2b01a5C4Cbe8d4753f36C4CF"}}