TapTools: Wallet Health & Portfolio Risk Analyzer

[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)

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)

We will develop a dynamic wallet health and risk analyzer, providing insights into asset allocation, liquidity, and risk exposure, empowering users to manage their portfolios effectively.

[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 Wallet Health & Portfolio Risk Analyzer will remain proprietary to ensure security, maintain quality control, and optimize the user experience. This allows us to manage its development effectively.

[METADATA] Horizons

DeFi

[SOLUTION] Please describe your proposed solution

We are developing a Wallet Health & Portfolio Risk Analyzer that offers users detailed insights into their portfolio's health, liquidity, and exposure to high-risk or volatile assets. The tool evaluates asset allocation and identifies potential vulnerabilities, such as overexposure to specific tokens or risky DeFi protocols. By providing an overall analysis and comprehensive breakdown, users can manage risk more effectively, allowing for data-driven decision-making.

Our approach focuses on helping Cardano users optimize their portfolios by giving them actionable insights. This solution is unique because it consolidates multiple metrics into one easy-to-use platform, benefiting traders, investors, and anyone seeking to better understand their portfolio's risk profile. Ultimately, this empowers users to take control of their financial strategies, improving both individual and ecosystem-wide financial stability.

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

The Wallet Health & Portfolio Risk Analyzer will empower Cardano users by giving them essential insights into their portfolio’s risk profile and overall health. By tracking asset allocation, liquidity, and exposure to high-risk tokens, users can better manage their investments and reduce excessive risk. This will increase user confidence and decision-making, fostering a more informed and engaged Cardano investment community.

We will measure impact through user adoption rates, feature engagement, and feedback collected from the community. Results and key insights will be shared via TapTools’ communication channels, including social media, newsletters, and Cardano-focused forums, to keep the community informed of the tool’s success and improvements.

[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 of delivering high-quality, data-driven tools in the Cardano ecosystem, demonstrated by the success of TapTools. With extensive experience in data aggregation, analytics, and developing intuitive user interfaces, we are well-equipped to build the Wallet Health & Portfolio Risk Analyzer. To validate feasibility, we will conduct testing at each stage of development and ensure community feedback is incorporated where relevant.

We have a history of managing funds responsibly and delivering projects on time. Our established processes for transparency, budget tracking, and reporting further demonstrate our commitment to trust and accountability in executing this project.

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

UI/UX Design and Wireframes

A: Milestone Outputs: Develop the UI/UX design for the Wallet Health & Portfolio Risk Analyzer, including detailed wireframes that cover asset allocation, liquidity, and risk exposure metrics. This will focus on creating a user-friendly interface and intuitive navigation.

B: Acceptance Criteria: The UI/UX design is fully developed, with all key features, visual elements, and user interaction flows clearly defined and aligned with project goals.

C: Evidence of Milestone Completion: Presentation of finalized UI/UX designs and wireframes, along with accompanying documentation that explains the user journey and design choices, reviewed and approved by the internal team.

Core Development and Feature Implementation

A: Milestone Outputs: Develop and implement the core features of the Wallet Health & Portfolio Risk Analyzer, including wallet health metrics, asset allocation insights, and risk analysis functionalities. This milestone will focus on building the backend logic, data integration, and ensuring the tool can analyze user portfolios.

B: Acceptance Criteria: The core functionality is fully operational, accurately calculating wallet health, asset allocation, and risk exposure. The system passes internal testing for stability, accuracy, and performance.

C: Evidence of Milestone Completion: Demonstration of the core features in a live or test environment, accompanied by test results that verify the tool's functionality and accuracy in providing insights.

Integration with Existing TapTools Portfolio Tracker

A: Milestone Outputs: Integrate the Wallet Health & Portfolio Risk Analyzer with TapTools' portfolio tracker. Ensure seamless interaction between the tools and accurate delivery of risk metrics and alerts related to portfolio health.

B: Acceptance Criteria: The integration is fully operational, with wallet health metrics and portfolio data functioning correctly within the TapTools portfolio tracker. All functionalities work without performance issues or disruptions.

C: Evidence of Milestone Completion: Results from integration testing, demonstrating that the new tool works seamlessly with the TapTools portfolio tracker. A report confirming that all key metrics are functioning as expected.

Final Testing and Optimization

A: Milestone Outputs: Conduct comprehensive performance, security, and load testing to ensure the Wallet Health & Portfolio Risk Analyzer is fully optimized for the live environment. This includes fine-tuning for speed, stability, and user experience.

B: Acceptance Criteria: All testing passes without critical issues, including security vulnerabilities and performance bottlenecks. The tool is optimized for a seamless user experience across various devices and user volumes.

C: Evidence of Milestone Completion: Confirmation of successful testing and optimization, with key performance benchmarks met and the tool ready for live deployment.

Project Deployment and Closeout

A: Milestone Outputs: Deploy the Wallet Health & Portfolio Risk Analyzer to the live environment, ensuring all functionalities are operational and accessible to users. Complete a project closeout report and video summarizing the project’s outcomes, impact, and lessons learned.

B: Acceptance Criteria: Successful deployment confirmed with all core features live and fully operational. User access to the tool is verified without major issues. Closeout report and video are completed and submitted.

C: Evidence of Milestone Completion: Confirmation of live deployment and user access, alongside the submission of a final project closeout report and video. The report will summarize key outcomes, initial user feedback, and the project’s overall impact.

[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 228,000 ADA to support the development, infrastructure, and deployment of the Wallet Health & Portfolio Risk Analyzer. Below is the detailed cost breakdown:

Design & Mockup Creation

Description: UI/UX design, wireframing, and mockup creation for the wallet health and risk analyzer interface.

Cost: 10,000 ADA

Core Development & Implementation

Description: Development of wallet health metrics, risk analysis, and asset tracking features. Backend and front-end integration to ensure seamless performance and user experience.

Cost: 63,000 ADA

Server Costs & Infrastructure

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

Cost: 85,000 ADA

Integration with Existing TapTools Features

Description: Integration of the Wallet Health & Portfolio Risk Analyzer with TapTools’ portfolio tracker and other relevant tools.

Cost: 15,000 ADA

Testing, Optimization, and Security Audits

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

Cost: 25,000 ADA

Deployment & Maintenance

Description: Deployment of the tool to the live environment and ongoing support to maintain optimal performance.

Cost: 15,000 ADA

Contingency Fund

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

Cost: 15,000 ADA

Total Project Budget: 228,000 ADA

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

The 228,000 ADA request offers significant value to the Cardano ecosystem by delivering a powerful tool for assessing portfolio health and managing risk. As DeFi continues to expand, timely insights into asset allocation, liquidity, and exposure to high-risk assets will empower users to make informed, strategic decisions, reducing their risk while increasing participation in the ecosystem.

The budget reflects industry-standard costs for development, infrastructure, and security, ensuring that the tool will be scalable and reliable long-term. By providing this functionality, TapTools is further solidifying itself as a comprehensive financial platform for Cardano users, enhancing the ecosystem’s overall strength and transparency.