Realfi.info mobile app(s)

[GENERAL] Name and surname of main applicant

Tim Edge

[GENERAL] Email address of main applicant

edgecatalyst@protonmail.com

Additional applicants

Edgar 'Jobe' Gasper

 

Seeking:  

• Full stack developer(s)

[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] 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

However, makes use of infrastructure developed by others including IOG and dcSpark

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

No

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

The apps will remain closed-source since they lack utility on their own. They must be paired with suitable data services in order to function. The application service does however offer free public APIs for portfolio and prices data.

[METADATA] Category of Proposal

Data tools

[IMPACT] Please describe your proposed solution.

This proposal is to develop Android and iOS mobile apps for the existing Realfi.info tool. Realfi.info is a tool to allow a Cardano user to track their portfolio information independent of wallet software or decentralised application. The tool tracks Liquidity Pools, Loans, Staking, Cardano native tokens, Delegations and Non-Fungible Tokens (NFTs) including a total valuation.  

 

This solves the problem where users of Cardano tend to operate multiple wallets and accounts within those wallets. It is not possible to view a total portfolio summary of your accounts in one location. Wallet software itself currently only provide detail about native assets including fungible and non-fungible tokens. Some wallets provide dApp explorers, however this still requires interaction on an app specific basis. This service aggregates all of a users detail across multiple wallets and for multiple dApps. Other similar tools are either; behind on the integration of datasources, focused on other or many (at the same time) blockchain ecosystems, or require you to establish a profile to link your wallet addresses. 

 

The mobile apps developed under this proposal will be provided for free, similar to the public web application. 

 

The web application, running since Jul 2022, for reference is at: https://realfi.info

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

Benefits of the tool are that it is free, works for all users independent of wallet software or dApp, has more dApp integrations than any competitor, has appealing and simple UX, does not require users to create a profile to link addresses and provides a (currently limited public) API for data scientists or advanced users to pull portfolio data into custom dashboards and spreadsheets. 

 

Realfi.info provides a Business-to-Customer front-end (currently a web application) and has a Business-to-Business capability via an API initially aimed at hobbyists, with later expansion to provide data to tools such as wallets and analytics platforms.  

 

Implementing mobile apps will enable portable access to the rich portfolio information provided by Realfi.info. By developing apps for Android and iOS, users will be able to maintain a closer watch on their portfolio including critical factors such as loan collateralisation ratios reducing chances of liquidations. A second order benefit is increased useability and understanding of Cardano DeFi protocols which are vast and complicated to keep track of. By adding mobile apps, it is enabling more users to more easily understand and trust the ecosystem, increasing overall appeal of Cardano for DeFi, which will support growth and adoption. 

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

Achievement of Goals: 

• Release of Android and iOS apps on relevant app stores 
• Reduced complexity of portfolio understanding and valuation 

 

Measures of Effectiveness: 

• Can view portfolio valuation and positions on native mobile apps 
• Increased usage of the Realfi.info service 
• Positive user feedback 
• Increased social media engagement 

 

Expected intangible outcomes (not intending to measure directly): 

• Increased user engagement in the Cardano ecosystem. 

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

New apps will be deployed and available on relevant app stores. Status updates and availability will be notified by social media platforms. 

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

Committment to the Cardano ecosystem has been demonstrated through running a Stakepool since the start of the Shelley Era and through the development and operation of the Realfi.info website for ~18 months, as a self-funded community contribution. Up to this point, the tool has been bootstrap developed by a single Stakepool Operator who is looking to expand the capability, starting with the development of mobile apps. 

 

Realfi.info has had multi-wallet native tokens integrated since Jan 2022, its first Liquidity pools since Jan 2022, first staking since Mar 2022, first lending since Jul 2022 – proving we have been and are ahead of competitors in terms of integrating complex data. These integrations are 99% achieved via blockchain data directly rather than from dApp provided APIs and partnerships, which means the technology used is in the spirit of inclusive accountability and at least provides another validation source, in addition to wallets, for users’ peace of mind. 

 

These contributions demonstrate a deep understanding of the Cardano technical infrastructure. This should instill trust from community members considering support. The team has the skills and experience to address complex challenges along the way. 

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

Main Goals: 

• Release of Android and iOS apps on relevant app stores
• Reduced complexity of portfolio understanding and valuation 
• As a proxy, gauge community interest to continue operations and integrate the latest tranche of Cardano datasources; e.g. Lenfi pooled lending, Yamfore, cNETA staking and others. 

 

Approach:  

• Realfi.info has been written in two different front-end frameworks, most recently it has been built using Flutter, this means development of the App implementation is very low technical risk. 

 

Validation of Feasibility:  

• Subject matter expert comments and engagement during the proposal stage. It is expected the approach of a Flutter based App along with competence of the team will deem this as a feasible approach. 

[CAPABILITY/ FEASIBILITY] 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.

The whole project is expected to take four (4) to six (6) months. This represents the best estimate at this stage.  

 

Milestones are: 

- 1: Platform specific design, development, configuration and development testing 

Expected Duration: 2 months, Max Duration: 4 months 

Configuring app specific graphics and user interface components, setting up developer accounts, testing on simulators and real devices in development and representative user environments. 

Output: Working ‘non-public’ Apps (x2) providing the same functionality as the web application. 

 

- 2: Operational testing 

Expected Duration: 1 month 

Characterising performance in a representative environment based on latency of user interactions and accuracy of information, refinement and improvements as necessary 

Output: Improved Apps, any relevant performance data.

 

- 3: Deployment 

Expected Duration: 2 weeks (not including app store approval time) 

Submission to app store, refinements, marketing to support the release. 

Output: Working Apps (x2) providing the same functionality as the web application, published on relevant app stores.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestones: 

- 1: Platform specific design, development, configuration and development testing 

Deliverables: Remote demonstration of capability 

Output: Working non-public Apps (x2) providing the same functionality as the web application. 

Intended Outcomes: Complete functionality matching the web application 

 

- 2: Operational testing 

Deliverables: Any relevant performance data or reports 

Output: Improved Apps (x2) 

Intended Outcomes: Suitable performance for the intended operating environment 

 

- 3: Deployment 

Deliverables: Published and available Apps (x2) 

Output: Working native Apps (x2) providing the same functionality as the web published on relevant app stores 

Intended Outcomes: Publicly available app free to use. 

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

Day rates for team members are as follows: 

Senior Software Engineering: $500/day 

Software Engineering: $300/day 

Operations, UI/UX Design / Product Owner / Marketing: $400/day 

 

Reduced rates are proposed to improve value for money. For budgeting purposes, a flat rate is used: $400/day for principal roles that encompasses wages and operating costs.

 

Milestones: 

- 1: Platform specific design, development, configuration and development testing 

Software Engineering: 40 days * $400 = $16,000  

Ops: 10 days * $400 = $4,000

- 2: Operational testing 

Software Engineering: 10 days * $400 = $4,000 

Ops: 10 days * $400 = $4,000

 

- 3: Deployment 

Software Engineering: 5 days * $400 = $2,000 

Ops: 5 days * $400 = $2,000 

 

The total comes to $32,000 (approx 110,000 ADA at time of submission).

Tasks may be delegated and outsourced to meet the budget and schedule. 

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

The cost estimate is based on reduced software and information communications technology industry standard employment rates. Operating costs are supplemented through Stakepool operations. Reduced rates are acceptable due to the commitment of seeing Cardano adopted. Cardano is the system with the best chance to protect and improve human life and liberty as a counter to other options that could be co-opted and corrupted. It will ensure we own our finances, identity, voice and vote. A Better value for money proposition via reduced industry rates will help see this contribution manifested and support Cardano to thrive.

For users entering the ecosystem, understanding their portfolio, location of assets and total valuation is highly important to build trust in the safety and security of their cryptocurrencies. This is particularly more complicated to achieve for Cardano as an eUTXO based blockchain, which is why it is important tools like Realfi.info achieve this to supplement capabilities of wallets and other analytical tools.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept