Please describe your proposed solution

We propose the development of OADA OPEN, an initiative designed to equip developers with comprehensive resources for running the OADA frontend locally. By open sourcing the OADA frontend, we empower developers to fully customize and interact with the OADA protocol on their own infrastructure, fostering greater flexibility. This capability will drive experimentation, debugging, and the creation of innovative DeFi solutions tailored to specific use cases.

Key Components of OADA OPEN:

Open-Source Frontend Codebase: Release the complete OADA frontend codebase, allowing developers to modify, enhance, and extend its functionalities.

Comprehensive Documentation: Provide detailed setup guides, covering everything from environment configuration to running the frontend and integrating with the OADA backend.

Developer Tutorials and Guides: Create step-by-step tutorials for common development workflows, customization, and integration with third-party tools.

Community Support Channels: Establish forums and communication platforms for developers to seek assistance, share insights, and collaborate on projects.

By enabling local deployments, OADA OPEN facilitates a more robust and versatile OADA ecosystem, encouraging innovation and flexibility. This initiative will foster a community of developers who can contribute to the growth and enhancement of OADA, leading to increased adoption and a stronger presence within the Cardano DeFi landscape.

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

OADA OPEN will drive innovation, foster collaboration, and increase adoption, thereby strengthening the entire Cardano DeFi ecosystem by:

Empowering Developers: Offering comprehensive open source resources allows developers to freely experiment, innovate, and build tailored DeFi solutions. This fosters a more dynamic and adaptable ecosystem, enabling the creation of applications that meet diverse user needs.

Driving Innovation: Facilitating local development and customization stimulates the creation of novel features, tools, and integrations. OADA OPEN serves as a catalyst for advancing the capabilities of the entire ecosystem, promoting continuous improvement and cutting-edge solutions.

Promoting Collaboration: The open-source framework and detailed documentation encourage collaborative efforts among developers. This shared knowledge base and collective problem solving approach lead to more robust and efficient development processes.

Increasing Adoption: Lowering the barriers for new developers to engage with the protocol expands the OADA community. Easier access to development resources accelerates OADA's adoption across the DeFi landscape, attracting a wider user base and increasing platform usage.

Strengthening the Ecosystem: An engaged and active developer community enhances the OADA protocol’s security, scalability, and overall robustness. This benefits both developers and end users by ensuring a reliable and secure DeFi environment within the Cardano 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?

Optim Finance boasts a proven track record of delivering innovative DeFi solutions on the Cardano blockchain. Our Liquidity Bonds dApp has safely managed over 150 million ADA, reaching Top 5 TVL on Cardano. Our new product, OADA, is approaching 25M ADA TVL in the 3 months since launch. Our team comprises seasoned experts from prominent organizations in the ecosystem such as Minswap, MLabs, and IOHK, underscoring our deep expertise and comprehensive understanding of Cardano's unique capabilities.

Our comprehensive approach, combining proven expertise, strategic partnerships, rigorous testing, and community engagement, positions Optim Finance to deliver this project with exceptional trust and accountability. By adhering to these validation strategies, we ensure that our solution is not only feasible but also robust, secure, and highly beneficial to the Cardano DeFi ecosystem.

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

Milestone 1: Codebase Preparation and Audit: Finalize the OADA frontend codebase for open-source release. This includes conducting thorough internal code audits to ensure security, removing any proprietary or sensitive information, and providing clear code annotations for developers.

• Milestone Output:
• Detailed Design Specification Document

Milestone 2: Documentation Development: Create comprehensive, developer-friendly documentation that includes setup instructions, API references, and detailed user guides for various functionalities. Ensure clarity and accessibility to cater to developers of all experience levels.

• Milestone Output:
• Detailed setup and installation guides.
• Developer manuals covering key functionalities.
• Documentation for interacting with the OADA backend.

Milestone 3: Tutorials and Guides Creation: Develop easy to follow tutorials that guide developers through common tasks like setup, customization, and integrating the OADA protocol with other tools or protocols.

• Milestone Output:
• Tutorial series covering basic to advanced topics.
• Example project demonstrating customization and extensions.

Milestone 4: Establish Community Support Channels: Set up forums, chat groups, or other communication channels to facilitate community engagement, support, and collaboration.

• Milestone Output:
• Official community forum or Discord server.
• Guidelines for community participation and support.

Final Milestone: Public Release and Promotion: Officially release the open-source codebase and documentation to the public. Promote the project within the Cardano and DeFi ecosystems to drive adoption and community involvement.

• Milestone Output:
• Public repositories on GitHub or similar platforms.
• Announcement through Medium, social media, and community channels.

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

• Ethan Protas - Product Lead
• Maksymilian Brodowicz / Zygomeb - Tech Lead

Our team members have extensive experience working with Cardano and have contributed to projects like Minswap, MLabs, and IOHK. We have a clear track record of successfully delivering high-quality DeFi protocols to mainnet that are widely adopted.

Website: https://www.optim.finance/

Please provide a cost breakdown of the proposed work and resources

Codebase Preparation and Audit (80,000 ADA): Finalizing the OADA frontend codebase for open-source release, including thorough code audits to ensure security, removal of proprietary or sensitive information, and comprehensive code documentation. This involves developer time and extensive code review processes to prepare the frontend for community contributions.

Documentation Development (60,000 ADA): Creating comprehensive, developer-friendly documentation that includes detailed setup guides, developer manuals, and API references. This entails technical writing, formatting for accessibility, and ensuring that documentation is clear, accurate, and accessible to developers of all experience levels.

Tutorials and Guides Creation (40,000 ADA): Developing step by step tutorials and example projects that guide developers through common tasks such as setup, customization, and integration with other tools or protocols. This includes content creation, testing to ensure accuracy and usefulness, and creating engaging educational materials to facilitate learning and adoption.

Community Support Setup (20,000 ADA): Establishing support channels, including forums, Discord servers, or other communication platforms to facilitate community engagement, support, and collaboration. This also involves creating community guidelines, providing ongoing support, managing community contributions, and maintaining documentation to ensure a positive and productive developer environment.

Total Budget: 200,000 ADA

No dependancies.

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

Investing in OADA OPEN delivers substantial value to the Cardano ecosystem by:

Accelerating Innovation: Empowering developers with open source resources fosters innovation, leading to the development of new features, tools, and applications that enhance the ecosystem.

Expanding the Developer Community: Lowering barriers to entry attracts more developers to the Cardano ecosystem, increasing the talent pool and fostering a more vibrant and diverse community.

Enhancing Protocol Robustness: Community contributions can lead to improved security, performance optimizations, and bug identification, strengthening the OADA protocol's overall reliability and functionality.

Driving Adoption: A more versatile and accessible OADA ecosystem encourages wider adoption among users and developers, contributing to the overall growth and liquidity of Cardano's DeFi landscape.

Sustainable Development: Open-source projects benefit from community support, ensuring long-term maintenance and evolution without solely relying on a single entity. This promotes a resilient and adaptable ecosystem.

The budget is strategically allocated to ensure high quality deliverables, effective community engagement, and sustainable project outcomes. By investing in resources that empower the community, OADA OPEN provides excellent value for money, yielding long term benefits that far outweigh the initial costs.