funded
Liquidity Aggregator for Cardano
Current Project Status
In Progress
Amount
Received
$40,000
Amount
Requested
$50,000
Percentage
Received
80.00%
Solution

Smartdex aggregates liquidity across DEXs to offer users efficient transactions along with an off-chain trading onchain settlement solution.

Problem

There is currently no liquidity aggregator on Cardano or orderbook-based DEX, which puts traders at a severe competitive disadvantage.

Addresses Challenge
Feasibility
Auditability

Autonio

1 member

Liquidity Aggregator for Cardano

= $42000

- Code audit = $8000

Roadmap:

Quarter 4 2021:

Testnet deployment of single asset smartpool and bridge API

Staking contract with deposit and withdraw functions for staking NIOX tokens in a single asset vault

Bridge API service that interacts with Cardano node, etherscan, and polygonscan API to lock tokens on Ethereum and Polygon and mint/burn tokens on Cardano

Quarter 1 2022:

Mainnet deployment of single asset smartpool and bridge API

Implement stakingCredentials data type in single asset smartpool contract for dynamic rewards calculation

Bridge API integration on smartdex 2.0 interface to allow users to bridge NIOX tokens from Ethereum and Polygon to Cardano

Implement Plutus PAB JS wrapper on smartdex 2.0 interface to allow users to stake their bridged NIOX tokens

Partnerships with Sundaeswap and Mirqur.

Develop Multi token smartpool vault contract

Liquidity aggregation backend architecture for Cardano to place limit orders on AMMs, research and finalize solution to resolve concurrency and liquidity aggregation on Cardano

Reach TVL of more than 2M NIOX staked on single asset smart pool on Cardano

Reach the no. of unique address interaction with the staking contract to 50 users

Quarter 2 2022:

Deploy Multi token smartpool

Integrate Multi token smartpool contracts on smartdex 2.0 interface

Deploy liquidity aggregation backend: backend system to place either on chain or off chain limit orders that will be filled by the relayer

Integrate liquidity aggregation backend on smartdex 2.0 interface

Deploy a farming contract for multi token smartpool which allows liquidity providers to farm NIOX tokens with their LP tokens

Reach trading volume of 1M conducted through smartdex on Cardano

IP:

It is going to be an open-Source Defi protocol, the IP will belong to the developers allowing further development and innovation.

Definition of Success:

3 Months

- Deploy NIOX token contract on Cardano mainnet and testnet

- NIOX Bridge v1: launch NIOX token bridge

- Support Ethereum, Polygon and Cardano in the token bridge

- Staking contract v1: Launch NIOX staking contract on testnet without Staking Credentials data type

- Implement Staking Credentials data type for on-chain reward calculation

- Staking contract v1.1: Launch NIOX staking contract on mainnet that supports on-chain rewards calculation

- Partnerships with 2 AMM projects based on Cardano for liquidity aggregation: Sundaeswap and Mirqur

- Order Relayer v1: Launch an on-chain liquidity aggregation solution where users are able to place on-chain limit orders by depositing their assets on a contract, which will be filled by a centralized back-end service

- Integrate Sundaeswap and Mirqur protocols into Order Relayer v1

- Create NIOX-ADA liquidity pool on Sundaeswap

- Integrate NIOX-ADA liquidity pool of Sundaeswap on Smartdex v2.2

- Finalize the technical architecture for Order Relayer v2 supporting off chain liquidity aggregation where users place off chain limit orders which gets filled by a set of relayer through consensus

6 Months

- Launch Order Relayer v2

- Extend Order Relayer v2 to 2 more DEXs: Cardax and Polyswap

- Launch Smartpools v2 on cardano supporting multi asset pools with basket of tokens

9 Months

- Smartpools v3: Asset managers enabled pools

- Smartdex v3: Multichain support for Cardano based tokens

Expected product public launch date:

- Testnet Beta - 31st Dec 2021

- Mainnet Beta - 30th Jan 2022

close

Playlist

  • EP2: epoch_length

    Authored by: Darlington Kofa

    3m 24s
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    3m 48s
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    2m 16s
    Darlington Kofa
  • EP5: max_block_size

    Authored by: Darlington Kofa

    3m 14s
    Darlington Kofa
  • EP6: pool_deposit

    Authored by: Darlington Kofa

    3m 19s
    Darlington Kofa
  • EP7: max_tx_size

    Authored by: Darlington Kofa

    4m 59s
    Darlington Kofa
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