Please describe your proposed solution.

Optim Finance and Maestro will collaborate to provide users with an easy and seamless way to borrow ADA delegation and gain leverage into Initial Stake Pool Offerings (ISPOs).

This unique solution enables users to delegate to and support ISPOs with far greater amounts of ADA than they own.

Maestro will integrate Optim Finance's smart contracts into its platform, allowing users to connect their wallets and access Optim Finance's borrowing features seamlessly.

User Benefits: Earn far more governance tokens in ISPOs than they otherwise would

Project Benefits: Receive more funds to build by supporters able to delegate more ADA to ISPO

Ecosystem Benefits: More projects can fundraise greater amounts and build ecosystem

<u>Example:</u> John wants to delegate 250K ADA to the Fluid Token (FLDT) ISPO

However, John does not have 250K ADA to delegate…

1) John puts out a an offer to pay 7% interest for 6 months of ADA staking rights

2) A bond is ‘issued’, 8750 ADA interest is owed (236 per epoch), 12 epochs pre-paid

3) Lenders see this offer and lock their ADA in the Optim smart contract

4) The 250K ADA borrow request is met, the bond is activated and John attaches his stake key

*If the bond at any time does not have a 6 epoch buffer of 7% interest paid into it lenders can withdraw their ADA and keep the 6 epoch interest buffer thereby earning above 7% yield

How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Our solution will make it easier for more people to delegate large amounts of ADA in ISPOs

ISPOs which get more ADA delegation will raise more funds for their projects.

This will enable more projects to build due to this enhanced fundraising ability.

Community Impact

Increase participation in ISPOs by allowing leverage

Increase participation and literacy around DeFi

Increase ADA TVL in DeFi (often cited metric)

How do you intend to measure the success of your project?

In the context of leveraging Optim Finance through Maestro’s platform, we will measure the success of this project by monitoring several key metrics and outcomes:

1. Number of users that borrow ADA delegation.
2. Total amount of ADA that is borrowed.
3. Number of stake pool operators participating in ISPOs.
4. Feedback and User Satisfaction.

Please describe your plans to share the outputs and results of your project?

The Optim integration on Maestro’s platform will be readily available to the public. Users will be able to connect their wallets, borrow ADA and delegate it to ISPO stake pools that are listed on Maestro.

What is your capability to deliver your project with high levels of trust and accountability?

Members Optim Finance and Maestro have both led high-impact projects in the Cardano ecosystem.

Optim Finance has a proven track record of delivering dApps to mainnet. Optim's first product, Liquidity Bonds, had over 12MM ADA in TVL (top 10 DeFi protocol). This is the first of many products in our pipeline. Team members have years of experience building on Cardano (Minswap, IOHK alum)

Maestro has a proven track record in providing Cardano infrastructure services: Blockchain Indexer, Transaction Manager and Turbo Transaction. In particular Maestro’s indexer endpoints averages 300,000 requests / day and is being used to power top projects and dApps on Cardano. A managed smart contract API plays perfectly into the strengths of Maestro’s platform and thus guarantees a high level of success.

What are the main goals for the project and how will you validate if your approach is feasible?

The main goal of this project is to provide delegators and SPOs a seamless way to borrow ADA from Optim Finance’s platform and delegate it to ISPO stake pools that are listed on Maestro’s platform.

Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Phase 1: Preview/Preprod Integration - 4 months

Maestro will integrate the Optim platform into Maestro’s staging environment on the Cardano testnets. Both teams will extensively test borrowing and delegation until a seamless user experience is achieved.

Phase 2: Mainnet Integration - 1 month

Once the testnet integration is working flawlessly, mainnet integration will commence. Phase 1 will enable this integration to work with little to no issues.

Phase 3: Release and Maintenance - 1 month+

Mainnet integration will be released to the public with extensive documentation. As long as this collaboration is ongoing, the service will be actively maintained.

Please describe the deliverables, outputs and intended outcomes of each milestone.

The primary deliverable of this project is simple: a self-service platform on Maestro that enables seamless borrowing of ADA for ISPO stake pools using Optim Finance’s platform.

Please provide a detailed budget breakdown of the proposed work and resources.

Phase 1: Preview/Preprod Integration - 4 months

$55/hr x 18 weeks x 30hr/week = $29 700

Phase 2: Mainnet Integration - 1 month

$55/hr x 4.5 weeks x 30hr/week = $7 425

Phase 3: Release and Maintenance - 1 month

$55/hr x 4.5 weeks x 30hr/week = $7 425

TOTAL ($) = $44,500

TOTLA ($0.3/ADA) = 148 500 ADA

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

Maestro

Marvin Bertin

Marvin co-founded Maestro, a Cardano infrastructure provider and dApp development platform. He also co-founded Genius Yield, an advanced order-book DEX on Cardano. Marvin's background is in Artificial Intelligence & Machine Learning. Before getting into blockchain, he spent years working in a biotech developing early cancer detection blood tests using next-generation DNA sequencing. Later he worked as a senior crypto consultant, developing DeFi products for clients on the Ethereum and Cosmo blockchains.

Varderes Barsegyan

Varderes is an engineer with a diverse background in physics, computer science, aerospace engineering, bioinformatics, and blockchain technology. As the Co-founder and CTO of Maestro, a leading provider of blockchain infrastructure for Cardano, he is trailblazing the way for the financial operating system of the world.

Optim

Ethan Protas

Ethan is the product lead at Optim, a leading DeFi protocol and yield products platform. He was integral in the conception and design of Liquidity Bonds as well as upcoming Vaults and Real World Asset implementation. He was an early team member at Minswap and also the product lead at Sweep Protocol on Ethereum, an advanced DeFi protocol combining real world assets and a stablecoin yield product. Background in product design, project management, finance, and business development.

Maksymilian Brodowicz

Maks is an engineer with a strong background in math and computer science with development experience in the blockchain space. As Optim's tech lead he led the development of Liquidity Bonds, designed complex on-chain tranche structures, lead teams at MLabs, and worked inside IOHK. He also leads smart contract development for a new project on RadixDLT.

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

The costs described are standard and fair for software development and implementation on Cardano.

We decided the costs based on our experience and analysis of what it will take to complete project.

For a fair cost the teams can integrate unique products and platforms that enable Cardano ecosystem project to raise funds for development in a decentralized and sustainable manner.