Please describe your proposed solution

The RWA landscape on Cardano currently lacks a unified solution for tokenized offerings and liquidity, leading to fragmented processes and limited market participation. We are addressing these challenges by developing an innovative platform that combines an auction mechanism for companies wishing to offer RWAs with a unique lending protocol.

This approach enables seamless tokenization, enhanced liquidity, and broader accessibility, allowing both lenders and borrowers to actively participate in the RWA ecosystem of Cardano. Our solution aims to standardize interactions, reduce entry barriers, and foster a more inclusive and efficient marketplace for real-world assets.

Technical Overview

Our protocol enables RWA platforms to integrate with the Cardano blockchain, facilitating efficient auctions and lending operations. Here is a concise overview of the process:

Tokenized Offerings and Auction Protocol

1. Tokenization of RWAs: Asset owners tokenize real-world assets into digital tokens on Cardano, ensuring each token represents a claim on an underlying asset, compliant with Cardano's standards.
2. Auction Protocol: These tokens are auctioned via smart contracts on our decentralized platform, ensuring transparency and security in bidding.

Investment and Lending Dynamics

1. Investors Buying Tokens: Investors purchase these RWA tokens post-auction, acquiring stakes in the real assets.
2. Depositing Tokens in Lending Protocol: Investors use their RWA tokens as collateral to secure loans in our lending protocol, gaining liquidity while retaining asset exposure.

Lenders and Earning Mechanisms

1. Lenders Depositing ADA: Lenders provide ADA to the lending protocol to fund loans for those using RWA tokens as collateral.
2. Earning APY: Lenders earn APY based on loan demand and borrower interest rates, compensating for their provided liquidity and risk.

POC Testing and Partners:

We have secured partnerships with leading RWA focused industry giants including Navayuga, Intercontinental Infra, Godavari Project, NCD, and Navayuga Engineering to conduct proof of concept (POC) for our Real-World Asset (RWA) products. These collaborations underscore our commitment to validating and refining our innovative solutions within the Cardano ecosystem.

Long term implications on Cardano:

• More RWA Projects: Attracts diverse assets onto Cardano, expanding the ecosystem.
• New Investment Instruments: Provides investors with diverse, innovative ways to invest.
• Enhanced Yield Mechanisms: Introduces novel methods for earning yield, benefiting both lenders and investors.
• Increased Liquidity and Access: Improves liquidity for asset owners and increases global access to investment opportunities.
• Decentralized Finance Growth: Fuels the expansion of DeFi on Cardano by incorporating RWAs into various financial services.

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

Value to the Cardano Community:

• Broadening the Ecosystem: Our project significantly broadens the Cardano ecosystem by integrating RWAs, thus attracting a larger and more diverse group of asset owners and investors.
• Enhancing DeFi Capabilities: By incorporating RWA-based instruments, we enhance Cardano's DeFi landscape, making it a more versatile and attractive platform for global finance operations.
• Boosting financial Activity: By providing new avenues for investment and liquidity, our protocol boosts overall economic activity on the Cardano blockchain, enhancing its value proposition to new and existing users.

Measuring Impact:

• Increase in the number of RWA projects showing interest.
• User testimonials and case studies.
• Surveys to gauge investor feedback and confidence for this concept

Sharing Outputs and Opportunities:

• Community Engagement: We will share our progress and results through Cardano community forums, workshops, and social media to ensure transparency and community involvement.
• Collaborations: Partner with other projects and platforms within the Cardano ecosystem to share insights and enhance interoperability.
• Reports and Updates: Regularly publish reports and updates on our website and through newsletters to keep stakeholders informed about the latest developments and opportunities.

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?

The team is composed of experts in blockchain technology and financial services with a proven track record for delivering high-quality Cardano-built solutions with transparency and accountability. Our existing products have served to enhance the Cardano ecosystem in a tangible way, we have strong strategic partnerships and we intend to deliver the project with the same level of quality that the Cardano Community has come to expect from us.

With a collective experience of over 30 years in the blockchain domain, our team is well-equipped with the necessary expertise to develop and deliver this project.

Development Team:

Our development team boasts significant expertise in blockchain technology, with a strong focus on the Cardano ecosystem. They have played a pivotal role in several successful projects on Cardano and are skilled in developing dApps on Cardano.

Partnerships

We have secured partnerships with leading RWA focused industry giants including Navayuga, Intercontinental Infra, Godavari Project, NCD, and Navayuga Engineering to conduct proof of concept (POC) for our Real-World Asset (RWA) products. These collaborations underscore our commitment to validating and refining our innovative solutions within the Cardano ecosystem.

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

Milestone 1: Outputs:

• A detailed project initiation document outlining the scope, objectives, and timeline of the PoC.
• A comprehensive requirements and specifications document that includes the functional and non-functional requirements of the auction protocol.
• High-level architectural design of the PoC, including initial smart contract outlines and user interface drafts.

Acceptance Criteria:

• Project initiation document with a detailed plan of action for the UI.
• Requirements and specifications document .
• Architectural design that meets the basic needs for a PoC.

Evidence:

• Requirements and specifications document.
• Architectural design documents and initial mockups of the user interface.

Milestone 2: Outputs:

• A functional prototype of the auction protocol developed on the Preprod, demonstrating core functionalities such as bid submission and auction settlement.
• Basic unit and integration tests to ensure the integrity of core components.
• Early-stage user interface connected to the backend logic, focusing on simplicity and functionality for the PoC.

Acceptance Criteria:

• Prototype capable of conducting basic auction processes without major bugs.
• Deployed Smart Contract Link and Public PoC deployment links.

Evidence:

• Test reports demonstrating coverage and pass rates of the contracts deployed on testnet.
• Screenshots or wireframes of the low fidelity prototype.

Final Milestone: Outputs:

• Fully integrated PoC deployed on the Cardano Preprod.
• Project close-out report summarizing the PoC development, outcomes, lessons learned, and recommendations for future phases.
• A promotional video that highlights the PoC's features, benefits, and potential impact on the auctioning of RWAs.

Acceptance Criteria:

• Close-out report provides a clear summary of the project, with constructive feedback and clear pathways for scaling beyond the PoC.
• Promotional video effectively communicates the value and operation of the PoC to potential stakeholders.

Evidence:

• Link to the deployed PoC on the Preprod Network.
• Digital copies of all documentation.
• Project close-out report.
• Link to the promotional video.

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

Rahul Konudula, CEO - Trivolve

He has founded companies across real estate, international commodities, and mineral mining that have been running successfully for more than a decade with 8 figure annual revenue in USD. He has over eight years of experience in the RWA sector, focusing on bringing innovative solutions by integrating AI and Blockchain and consistently being one of the leading contributors to industry advancements in South India.

Trivolve Tech

We are a prominent AI and Blockchain development studio based in Dubai and India, specializing in creating innovative solutions for the Asia-Pacific region. With a dedicated team of 31 professionals, we have been serving over 20 enterprise clients, including governments, venture capital firms, and Fortune 500 companies, for more than three years. Our expertise extends to consulting for leading Cardano projects, leveraging our extensive experience in product development.

Please provide a cost breakdown of the proposed work and resources

Milestone 1

Total Duration: 30 Days

• Senior Cardano Developer: 20000 ADA
• Cardano Solution Architect: 10000 ADA

Total: 30000 ADA

Milestone 2

Total Duration: 30 Days

• Senior Cardano Developer: 25000 ADA
• Cardano Solution Architect: 10000 ADA

Total: 35000 ADA

Final Milestone: Launch and Reporting

Total Duration: 20 Days

• Senior Cardano Developer : 10000 ADA

Total: 10000 ADA

No dependencies.

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

A successful PoC can lead to the development of a robust and secure platform for RWA auctions on Cardano, attracting new users, developers, and investment to the ecosystem, ultimately generating significant returns on the initial investment.

We utilize a lean development methodology, emphasizing the prioritization of development and enhancements based on feedback from partners, the community, and users, which ensures efficient and cost-effective use of resources. Our strategic employment of a geographically diverse team spanning the US, Singapore, and India allows us to optimize development costs while upholding high quality and efficiency standards.

This method, along with our dedication to transparency and strategic financial planning, guarantees that the proposal delivers great value for money.