Please describe your proposed solution

We aim to implement a new, in-platform balance feature on DexHunter. Users will deposit assets directly into their DexHunter balance, which will be managed through non-custodial smart contracts. This setup will significantly reduce the friction of external wallet use, allowing for rapid transactions with minimal delays. It will be integrated seamlessly into the current DexHunter interface, enhancing the overall trading speed and user experience.

Please define the positive impact your project will have on the wider Cardano community

Positive Impact on the Cardano Community:

• Speed and Efficiency: The new functionality will drastically reduce transaction time, improving the overall trading experience for users.
• Enhanced User Experience: By allowing users to trade directly from an in-platform balance, we simplify the process, making it quicker and easier for users to engage in trades.
• Ecosystem Growth: The improved user interface and faster trading capabilities will attract more users and traders to the Cardano ecosystem.
• Innovation: This upgrade positions DexHunter as a leading platform in terms of speed and user accessibility in the DeFi space.

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Our team has a proven track record with DexHunter, the leading DEX aggregator on Cardano. We have experience in developing secure and efficient DeFi applications. Currently we handle majority of Cardano trading volume daily.

What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Milestone 1: Planning and Design

• Duration: 2 months
• Outputs:
• Design of in-platform balance and trading architecture.
• API specifications and user flow documentation.

Milestone 2: Milestone 2: Smart Contract Development

• Duration: 3 months
• Outputs:
• Development of smart contracts for balance management and trading.
• Internal testing for speed and functionality.

Milestone 3: Milestone 3: Frontend Integration

• Duration: 2 months
• Outputs:
• Integration of smart contracts with the DexHunter interface.
• Enhancements to the user interface for balance deposits, trades, and withdrawals.

Milestone 4: Milestone 4: Testing and Optimizations

• Duration: 3 months
• Outputs:
• Comprehensive testing for transaction speed and performance.
• Final optimizations based on user feedback.

Milestone 5: Milestone 5: Public Launch

• Duration: 1 month
• Outputs:
• Full public release of the new trading feature.
• Marketing efforts to attract users and showcase the platform’s enhanced speed and user experience.

Final Milestone: Final Milestone: Documentation and Reporting

• Duration: 1 month
• Outputs:
• Final report and closing video.

Who is in the project team and what are their roles?

CEO & Project Lead: Nikita Melentjevs

• Project management, business strategy, and partnerships.

Blockchain Lead: Edoardo Carlo Salvioni

• Smart contract development and backend architecture.

Please provide a cost breakdown of the proposed work and resources

Total Budget Breakdown:

• Planning and Design: 44,250 ADA
• Smart Contract Development: 103,250 ADA
• Frontend Integration: 59,000 ADA
• Testing and Optimization: 44,250 ADA
• Public Launch: 29,500 ADA
• Final Documentation and Reporting: 14,750 ADA

We rely on existing decentralized exchanges (DEXs) and their APIs for order execution and price feeds. Integration with these DEXs is essential to provide real-time trading capabilities and accurate market data.

How does the cost of the project represent value for money for the Cardano ecosystem?

This proposal provides substantial value by enhancing the user experience on DexHunter through faster, more efficient trading processes. The implementation of Photon-like functionality will attract more users, increase trading volume, and further strengthen Cardano’s DeFi ecosystem, all at a reasonable cost.