DexHunter OADA Mint/Burn routing support

[GENERAL] Name and surname of main applicant

Nikita Melentjevs

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

6

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

To develop a framework for DexHunter that allows mint/burn functionality within the same swap. This framework will not only be designed for OADA pairs but will also enable future token integrations.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

Yes

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

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.

[GENERAL] Will your project’s output/s be fully open source?

No

[GENERAL] Please provide here more information on the open source status of your project outputs

While we leverage open-source protocols and contribute to decentralized standards, certain proprietary smart contracts, routing algorithms, and user interface designs will remain closed-source to maintain competitive advantages. Any future open-source collaboration will be considered based on the needs of the ecosystem.

[METADATA] Horizons

DeFi

[SOLUTION] Please describe your proposed solution

We aim to build a generalized framework that allows users on DexHunter to swap between tokens using more efficient routes that integrate minting and burning functionality. Initially, this will be implemented with OADA pairs but will be expandable to any future tokens. The system will allow users to mint tokens (like OADA) and include them in the same swap transaction to optimize liquidity routing. Additionally, we will develop advanced routing features like double-routing to route trades through the most efficient paths and reduce slippage. By providing a flexible, modular integration system, this framework will increase trade efficiency and liquidity utilization in the Cardano ecosystem.

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

Optimized Trading: This framework will enhance liquidity management by enabling minting and burning within swap routes, minimizing slippage and improving trade execution.

Increased Liquidity Utilization: Advanced routing through OADA pairs and other tokens will allow more efficient use of liquidity, encouraging higher trading volumes on Cardano DEXs.

Expanded Ecosystem: The framework will simplify future integrations for new tokens and pools, making it easier to extend advanced functionalities to other projects on the Cardano network.

User Retention: By offering a better trading experience with tools like double-routing and mint/burn capabilities, users are more likely to remain on decentralized platforms, reducing outflow to centralized exchanges.

[CAPABILITY & FEASIBILITY] 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.

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

Milestone 1: Framework Planning and Specification

Duration: 2 months

Outputs:

• Detailed design of the mint/burn functionality and swap routing integration.
• Project timeline and task breakdown for integration with OADA and other tokens.

Acceptance Criteria:

• Design document approved by the team.
• Creation of a GitHub repository with initial planning documentation.

Evidence:

• Documentation outlining the framework and GitHub repository.

Milestone 2: Development of Core Smart Contracts and Backend Infrastructure

Duration: 3 months

Outputs:

• Smart contracts for mint/burn within swap transactions and basic double-routing functionality.
• Backend to handle transaction logic and route optimization.

Acceptance Criteria:

• Completion of smart contracts with testing.
• Backend integrated with DexHunter and smart contracts.

Evidence:

• GitHub codebase updates and test reports.

Milestone 3: User Interface and Integration with DexHunter

Duration: 3 months

Outputs:

• Intuitive front-end interface allowing users to interact with advanced order types and routing.

Acceptance Criteria:

• User testing with feedback incorporated.
• Deployment to test environment.

Evidence:

• UI/UX design documentation and testing feedback.

Milestone 4: Testing and Optimization

Duration: 2 months

Outputs:

• Comprehensive system testing.
• Optimization based on user feedback and performance results.

Acceptance Criteria:

• Reliable execution of advanced swaps and order types.

Evidence:

• Test results, user feedback, and optimizations deployed.

Milestone 5: Final Launch and Documentation

Duration: 1 month

Outputs:

• Full deployment of the framework.
• Final project report and closing documentation.

Acceptance Criteria:

• System functioning as expected, final launch on DexHunter.

Evidence:

• Closing documentation and launch video

[RESOURCES] 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.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

Total Requested Funds: 155,000 ADA

1. Milestone 1: Planning and Specification – 20% (31,000 ADA)
2. Milestone 2: Core Development – 35% (54,250 ADA)
3. Milestone 3: UI Development – 25% (38,750 ADA)
4. Milestone 4: Testing and Optimization – 10% (15,500 ADA)
5. Milestone 5: Deployment and Launch – 10% (15,500 ADA)

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

This project will significantly enhance trading capabilities in the Cardano DeFi ecosystem by enabling advanced routing and mint/burn functionalities. It not only solves inefficiencies but also attracts more liquidity and traders. With support from multiple stakeholders, the requested funding is a small investment for the long-term benefit of the entire ecosystem.