TapTools: Stablecoin Ecosystem Dashboard for Cardano

[GENERAL] Name and surname of main applicant

Alec Myers

[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)

5

[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)

We will create a dashboard that consolidates detailed data on Cardano’s stablecoins, giving users easy access to key metrics, such as liquidity, collateralization, and risk exposure.

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

No

[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.”

No dependencies.

[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

The Stablecoin Dashboard will not be open source because it relies on proprietary systems within the TapTools platform, which are integral to its operation. Keeping the system proprietary allows us to maintain full control over the performance, security, and scalability of the tool, ensuring the best user experience. While we may consider open-sourcing some elements in the future, for now, keeping it closed source ensures the reliability and stability needed for a critical data tool in the Cardano ecosystem.

[METADATA] Horizons

DeFi

[SOLUTION] Please describe your proposed solution

Cardano’s stablecoin ecosystem is growing, but users lack a unified platform that provides comprehensive data on liquidity, collateralization, and overall stablecoin analytics. This gap makes it difficult for traders and investors to access reliable information, reducing confidence in Cardano's stablecoins and limiting broader adoption.

Our solution is to create a stablecoin dashboard that aggregates detailed data for each stablecoin in the ecosystem. This includes tracking prices, collateral ratios, liquidity, and risk indicators, empowering users to make informed decisions with greater confidence in the stablecoins they use.

By bringing all essential metrics into one platform, our solution enhances transparency and trust in the stablecoin market, encouraging wider adoption. Traders, investors, and developers will benefit from improved tools for assessing risk and performance. As Cardano’s DeFi sector expands, stablecoin confidence will be crucial for long-term stability and success.

We will measure impact by tracking user engagement, market participation, and liquidity flows within the stablecoin markets. Ultimately, our dashboard will drive stablecoin adoption, supporting the growth and sustainability of Cardano's broader ecosystem.

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

The stablecoin dashboard will have a significant positive impact on the wider Cardano community by improving transparency and providing easier access to key stablecoin data. This solution addresses the current challenge of scattered information, enabling traders and investors to make more informed decisions. By boosting confidence in stablecoins and promoting their adoption, the dashboard will contribute to the growth of Cardano’s DeFi sector.

We will measure the impact quantitatively by tracking user engagement, stablecoin trading volumes, and liquidity changes across the ecosystem. Qualitatively, we will collect feedback from users to assess their confidence in using stablecoins after accessing the dashboard’s data. Additionally, we will monitor the broader adoption of stablecoins and their influence on DeFi growth as key success indicators.

The dashboard will directly increase trader confidence, promote stablecoin adoption, and support the overall growth of Cardano’s DeFi ecosystem. We will share the project’s outcomes with the Project Catalyst team and the wider Cardano community via Twitter and other social channels, ensuring the solution’s impact is widely communicated and accessible.

[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?

We have a proven track record of delivering projects with high levels of trust and accountability. TapTools has successfully completed all F9 milestones and many F12 milestones, consistently meeting funding projections and delivering on time. Our strong project management processes ensure that funds are managed effectively, with transparency at every stage.

Our team is well-equipped to handle this project, bringing experience in data aggregation, UI/UX design, and system integration. We also excel in delivering high-quality marketing campaigns within the Cardano ecosystem, using various channels such as Twitter, educational videos, and articles to engage users.

To ensure feasibility, we will conduct thorough internal testing and validation at each stage of development. This will guarantee the dashboard functions as intended, and we will gather user feedback to refine the tool where necessary.

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

Design and Mockup Creation

A: Milestone Outputs: Completion of UI/UX design and wireframes for the Stablecoin Dashboard. This includes designing the layout, user interface, and data presentation for stablecoin tracking (e.g., liquidity, price tracking, collateralization).

B: Acceptance Criteria: All core UI/UX components are defined and approved by the internal team. The design must effectively display all necessary stablecoin data (liquidity, price, collateral ratios, etc.) in a user-friendly format, ready for development.

C: Evidence of Milestone Completion: Final presentation of completed design and wireframes, with internal team sign-off on functionality and user experience.

Core Development and Feature Integration

A: Milestone Outputs: Development and implementation of the core functionalities of the Stablecoin Dashboard. This includes backend development for stablecoin data aggregation (liquidity, collateral ratios, price tracking) and front-end integration to display this information in a user-friendly format.

B: Acceptance Criteria: The core features are fully developed and functional. Data is being aggregated correctly from relevant sources, and the front-end displays the stablecoin metrics accurately. Internal testing confirms that the system is operational and stable.

C: Evidence of Milestone Completion: Demonstration of a working prototype showing live data aggregation and front-end functionality. Internal testing reports confirming stability and functionality.

System Integration and Testing

A: Milestone Outputs: Complete integration of the Stablecoin Dashboard with TapTools' existing infrastructure. This includes ensuring that the dashboard works seamlessly with other tools and features on the platform. Additionally, conduct internal testing to verify that all data points (liquidity, price, collateral ratios) are accurate.

B: Acceptance Criteria: The Stablecoin Dashboard is fully integrated with TapTools, with no performance issues or data discrepancies. Internal testing confirms that the dashboard provides accurate data and functions smoothly alongside other TapTools features.

C: Evidence of Milestone Completion: Testing reports showing successful system integration and live demonstrations of the dashboard operating within the TapTools platform.

Final Testing, Optimization, and Launch

A: Milestone Outputs: Complete final performance testing and optimization of the Stablecoin Dashboard to ensure smooth operation for users. This includes optimizing for speed, user experience, and scalability. Following testing, deploy the dashboard to the live environment and make it accessible to users.

B: Acceptance Criteria: The Stablecoin Dashboard passes final performance and security tests with no critical issues. It is optimized for user experience and scalability. The dashboard is successfully launched and accessible to users in the live environment, with all features fully operational.

C: Evidence of Milestone Completion: Performance and security test results confirming successful optimization. Confirmation of the live launch, with user access verified and initial usage reports generated. A summary report detailing the launch and any remaining minor optimizations or feedback.

Project Close-Out Report and Video

A: Milestone Outputs: Completion of a comprehensive project close-out report and video, summarizing the project’s outcomes, impact on the Cardano ecosystem, lessons learned, and use of funds. The report will include key insights, performance metrics, and user feedback, while the video will visually communicate the project's success and future outlook.

B: Acceptance Criteria: The close-out report and video are completed, providing a detailed overview of the project’s success. Both materials are submitted to Project Catalyst and shared with the wider Cardano community to ensure transparency.

C: Evidence of Milestone Completion: Public release of the project close-out report and video, along with a confirmation of submission to Project Catalyst. Metrics from the report and any relevant feedback gathered from the community will also be shared.

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

Alec Myers

CEO of TapTools

https://www.linkedin.com/in/alec-myers-profile/

https://twitter.com/cardano_tools

Jacob Warren

CTO of TapTools

https://www.linkedin.com/in/jacob-warren-186252127/

https://twitter.com/_jacobwarren

James Cadena

COO of TapTools

https://www.linkedin.com/in/james-cadena-41280a57/

https://twitter.com/jamescadeen

Alex Yue

CMO of TapTools

https://www.linkedin.com/in/alex-yue1/

https://x.com/Alex_ADA_

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

We are requesting 167,000 ADA to support the development, deployment, and ongoing maintenance of the Stablecoin Dashboard. Below is the detailed cost breakdown:

Design & Mockup Creation

Description: UI/UX design, wireframing, and mockup creation for the stablecoin dashboard interface.

Cost: 10,000 ADA

Core Development & Implementation

Description: Development of stablecoin data aggregation, price tracking, collateral ratio calculation, and risk indicators. Backend and frontend integration for seamless performance.

Cost: 60,000 ADA

Server Costs & Infrastructure

Description: Infrastructure setup to handle data processing, storage, and scalability for stablecoin analytics. Ongoing infrastructure maintenance to ensure platform reliability and performance.

Cost: 45,000 ADA

Integration with Existing TapTools Features

Description: Integration of the Stablecoin Dashboard with existing TapTools features, including portfolio tracking and wallet insights.

Cost: 15,000 ADA

Testing, Optimization, and Security Audits

Description: Comprehensive performance testing, bug fixing, and optimization to ensure a stable launch. Security audits and vulnerability assessments to protect user data and platform reliability.

Cost: 12,000 ADA

Marketing & Community Engagement

Description: Development of promotional content, social media announcements, and community workshops to raise awareness of the stablecoin dashboard.

Cost: 10,000 ADA

Contingency Fund

Description: Reserved for any unforeseen challenges or additional expenses during development and deployment.

Cost: 15,000 ADA

Total Project Budget: 167,000 ADA

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

The 167,000 ADA requested represents strong value for the Cardano ecosystem by providing a much-needed tool that enhances transparency and trust in the growing stablecoin market. The stablecoin dashboard will deliver long-term benefits by offering users a consolidated platform with critical data, such as liquidity, collateral ratios, and risk indicators, helping users make more informed decisions.

The cost breakdown reflects industry-standard rates for development, UI/UX design, server infrastructure, and security audits. These elements are crucial to ensuring that the platform is scalable, secure, and provides reliable data. Our team has carefully budgeted based on competitive market rates for developer work and infrastructure maintenance, which are aligned with the typical rates in the blockchain and DeFi sectors.

Given the critical role that stablecoins play in the DeFi ecosystem, the Stablecoin Dashboard will support Cardano's long-term growth by fostering transparency and confidence in stablecoin analytics. This tool will not only provide immediate benefits but also lay the groundwork for future development, making the initial investment well worth the value it brings to the community.