Pondora Typescript SDK - Simplifying interaction with Next Gen DeFi protocols

[GENERAL] Name and surname of main applicant

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

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

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

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

Build an open source SDK to dramatically simplify interaction with Pondora, allowing developers to more easily build analytics, aggregators or achieve dApp interoperability.

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

[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?

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

Yes, all code outputs will be open source under the MIT license and accessible via GitHub.

[SOLUTION] Please describe your proposed solution

To build a high quality, well-documented Typescript SDK for interacting with Pondora protocols.

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

Pondora introduces the "Pond", a novel smart contract design pattern and implementation that achieves an unprecedented level of scale and features such as:

• Smart wallet features - such as account abstraction, partial orders and automated UTxO management
• Extreme bulk operation - the ability to perform thousands of actions using a single transaction
• Liquid assets - the ability to share the same assets across different protocols simultaneously
• Horizontal scaling - the ability to store large data across multiple outputs
• Future Offers - the ability to place orders using funds you don't have yet, allowing for the crafting of complex trading strategies
• CIP25 Trait Offers - make an offer based on traits of NFTs using the CIP25 Metadata standard
• ZK ready - each feature has been built to support a ZK upgrade path to allow for a seamless upgrade once PlutusV3 primitives are available
• Modular Validators - we are able to add/upgrade features without users having to migrate assets to new contracts. They can simply opt in to the new features (at scale)

A high quality, well-documented SDK will provide immense value to the developer community by improving the ease of building tools, analytics, aggregators and achieving dApp interoperability with these innovative features.

[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?

Strong track record:

With support from the existing community, Pondora follows in as the spiritual successor to Lending Pond, the very first NFT lending platform on Cardano. Having been integral to Lending Pond's success, our team remains committed to driving innovation, bringing revolutionary improvement to Cardano DeFi.

Experienced team:

We are a strong team with over 3 years of professional experience working with many top Cardano projects. We have a deep understanding of the challenges facing our industry and the Cardano ecosystem as a whole, and are well equipped to help solve them.

Transparency:

We are a transparent business entity, committed to a path toward building open source, decentralised solutions within our ecosystem.

Working Product:

We have a working product that clearly demonstrates the level of innovation that we're capable of building.

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

Output:

• Library setup and planning
• GitHub repository setup
• Implementing the basic core functionality of reading and filtering on-chain Pondora data

Acceptance Criteria

• Library should enable the ability to connect, read and filter on-chain Pondora data

Evidence of milestone completion

• GitHub commits showing setup and implementation
• Documentation of basic core functionality, with detailed examples

Output:

• Implementing transaction building for interacting with core Pondora features

Acceptance Criteria

• Library should enable the ability to easily build transactions for adding, updating, trading and placing orders using Pondora protocols

Evidence of milestone completion

• GitHub commits showing implementation and transaction examples.
• Documentation of basic core functionality, with detailed examples of each.

Output:

• Implementing transaction building for complex interactions using Pondora

Acceptance Criteria

• Library should enable the ability to easily compose multiple basic transactions to achieve more complex features such as shorting, or building trading strategies.

Evidence of milestone completion

• GitHub commits showing implementation and complex transaction examples.
• Documentation of complex transaction functionality, with detailed examples of each.

Output:

• Package and release library on GitHub and relevant package managers.
• Create Catalyst Final Report and Closeout Video.

Acceptance Criteria:

• Library is accessible on GitHub and package managers
• Catalyst Final Report and Closeout Video is created.

Evidence of Milestone Completion:

• Library is published on GitHub and package managers
• Catalyst Final Report and Closeout Video is uploaded.

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

Shaun - Founder/Tech Lead

Jessica - Project Management

Alex - UI/UX Design Lead

Backend Engineer (Contractor)

Frontend Engineer (Contractor)

Typescript Developer (New recruit)

Technical Writer (New recruit)

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

Typescript Engineer: $4,750/month x 4 months = $19,000

Project Management: $3,750/month x 4 months = $15,000

Technical Writer: $2,250/month x 4 months = $9,000

TOTAL = $43,000

TOTAL ($0.4/ADA) = 107,500 ADA

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

Pondora represents the culmination of over 2 years of research and development toward achieving the best possible user experience and features for Cardano dApps. It has great potential to set the stage for new standards on Cardano, accelerating adoption.

To date, this effort has been entirely self-funded by the Pondora team. Any funds received toward accelerating our growth represents great value for money as it capitalises on these existing efforts and represents a relatively small cost compared to the value it brings to our ecosystem.

Salary cost estimates are based on a combination of market values and our team's experience finding and working with capable developers to achieve results efficiently.

https://survey.stackoverflow.co/2023/#work-salary