Cardano Looker: Comprehensive Token Insights, DeFi Strategies, Portfolio Tracking & Smart Alerts

[GENERAL] Name and surname of main applicant

Dang Tien Manh

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

Individual

[GENERAL] Co-proposers and additional applicants

Nguyen Duc Nam

namduc2308@gmail.com

Dao Minh Thuc

minhthucdao1@gmail.com

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

4

[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 offer comprehensive analytics for tokens and wallets by analyzing on-chain data, tracking transactions, DeFi strategies, and wallet interactions to provide insights into market trends and liquidity

[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?

Yes

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

The analyzed data and APIs will be live on our website and be free to the community, the team decides to open source the backend code, and the front-end code will be kept private to maintain the team's competitive advantage.

[METADATA] Horizons

Community

[SOLUTION] Please describe your proposed solution

How we perceived the problem

As the ecosystem expands, the increasing number of protocols and tokens introduces various challenges.

Tracking wallet activities and portfolios, along with advanced token analytics like staking profit dashboards and holder distribution, remain premium features, often requiring expensive NFTs for access. Users also need timely alerts for large transfers or whale movements affecting their holdings as well as looking for optimal DeFi strategies

We aim to introduce a free data analytics tool that provides comprehensive token and wallet information to promote equality and transparency. As the core of the tool, we continually enhance it with features like proactive user-specific notifications, and more, to address the challenges users face around token and wallet activities.

Our features:

• Token 360: A hub for comprehensive token information, including holder distribution, token supply, floating supply, liquidity flow, staking trends over time, as well as lending, borrowing, farming positions, and profit dashboards. It covers all key aspects of token activity.

• Defi Strategy Hub: A hub that helps users optimize their returns on investments by combining different DeFi protocols and strategies. By pooling funds and utilizing multiple DeFi platforms, a Defi Strategy Hub simplifies the process of finding optimal strategies from various decentralized protocols, such as staking, lending, or liquidity provision.

• Portfolio: By aggregating wallet data, users can access detailed portfolio pages that reveal their activity and positions across various protocols. This includes positions across protocols; CDPs on Indigo, lending/borrowing, and liquidity provisioning across DEXs.

• Proactive Notifications: Our smart alert system keeps users informed with proactive notifications tailored to their portfolios. Starting with key metrics like wallet holdings in ADA, top 10% tokens, and significant transfers or whale movements, this feature adapts based on user feedback and continuous monitoring.

Our reasons for approaching it in the way that we have

We began developing this analytics tool to give users a broader understanding of what’s happening within the ecosystem. Recognizing the challenges outlined earlier, combined with our experience in big data, we knew that collecting and analyzing large-scale data is our expertise. We’re confident that we can provide effective solutions and have the capabilities to implement them smoothly, ultimately improving the experience for the Cardano community.

Who will our project engage

As a data tool, our project will engage the entire Cardano community, regardless of whether you are a holder, trader, liquidity provider, lender, or any other participant. Our tool will be beneficial to all users, no matter what strategy you prefer.

How we will demonstrate or prove our impact

We will evaluate key metrics such as page views, unique users, and daily active users to measure the effectiveness of our solution. Additionally, recognition from users and other projects within the ecosystem will further validate our influence.

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

Value to the Cardano Community

Our project aims to remove barriers to accessing advanced analytics and tracking wallet activities within the ecosystem. By enhancing equality and transparency without imposing additional fees, we empower the community.

Measurement of Impact:

We will track the adoption of the project by monitoring predefined key metrics, including daily and weekly active users, as well as overall website activity.

Sharing Outputs and Opportunities:

All project results will be published on our website for easy access and daily use by anyone. To extend our reach, we will also share findings through the Twitter and Discord channels of our partner projects. Additionally, we will regularly publish technical articles that provide detailed explanations of our analysis processes, including data collection and analysis methods, ensuring that everyone can easily understand the data pipeline and results.

[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 consists of highly qualified and talented individuals with diverse backgrounds in software development and data analysis, showcasing our expertise. We understand the existing pain points within the ecosystem and, combined with our extensive experience in big data, we are well-equipped to collect and analyze large datasets effectively. This makes us confident in our ability to deliver this project successfully.

Since joining the Cardano space in 2021, we have completed several courses, including the Plutus Pioneer Program (3rd and 4th cohorts) and the Cardano Blockchain Alpha Program. Our MVP includes core features that allow users to manage their assets, track delegation performance, and view transaction history, as well as monitor wallet positions and trading activities across 11 protocols, including Minswap, Sundaeswap, Wingriders, Spectrum, Muesliswap, TeddySwap, Vyfi, Levvy, Lenfi, CherryLend, and Indigo.

Our demo is available here:

https://www.youtube.com/watch?v=-Km42X4tJhY

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

Milestone output(s):

The following items should be completed:

• Establish the project development flow and infrastructure.
• Deploy the initial version of the website in production, including the Token 360 and portfolio features.
• Address and correct any inaccuracies in the data.

Acceptance Criteria:

• The website is live in production and accessible for users to explore.
• The Token 360 feature is fully operational, providing real-time historical trading data across DEXs and statistics for token holders.

Evidence:

• The website is public for the community
• Features in this milestone are fully delivered
• The code is open-source

Milestone output(s):

The following items should be completed:

• Develop a dashboard for monitoring project performance.
• Integrate data from Lending Protocols.
• DeFi Strategies Hub

Acceptance Criteria:

• A real-time dashboard featuring predefined key metrics for tracking project performance is implemented.
• Users can access data from all available lending protocols, enabling them to monitor their positions directly on our website.
• DeFi Strategies Hub page where users can find optimal strategies

Evidence:

• Features in this milestone are fully delivered
• The code is open-source

Milestone output(s):

During this phase, we aim to complete the following items

• Revamp the user interface and optimize data query speed, enhancing overall website performance.
• Calculate profits and losses based on trading activities, impermanent loss for farming positions, and performance for lending positions.
• Design and implement a proactive notification feature, including smart alerts for significant transfers and whale movements.

Acceptance Criteria:

• Profit and loss calculations are accurately generated for trading activities, farming, and lending positions.
• The proactive notification feature is fully operational.

Evidence:

• Features in this milestone are fully delivered
• The code is open-source

Milestone output(s):

The following are items that will be done in this phase.

• Optimize overall data accuracy and query speed.
• Integrate with new protocols such as Butane, Strike Finance
• Create Education content

Acceptance Criteria:

• Ensure that users report no significant issues, or only minor errors, regarding data query speed and accuracy.
• Trading activities and positions for protocols are accessible on the portfolio page.

Evidence:

• Features in this milestone are fully delivered
• The code is open-source

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

Dang Tien Manh - Product Lead

He has a solid background in software and data engineering, with recent experience in blockchain development as a Senior Software Engineer at Krystal Wallet. He focused on building secure, scalable solutions for cryptocurrency transactions and wallet integrations. He utilized his blockchain protocols and smart contracts expertise to optimize transaction processes and improve user experience. This blockchain experience complements their earlier roles in data engineering, where they built and maintained data infrastructures, ensuring efficient data flow and analytics capabilities. Their combined skills in blockchain technology and data engineering make them highly versatile in modern tech landscapes.

Linkedin: https://www.linkedin.com/in/manhdt/

Dao Minh Thuc - Senior Software engineer.

He is an experienced software and data engineer with expertise in building scalable data infrastructures and OLAP systems. At ByteDance, he has focused on enhancing analytical capabilities over the past 4 years. Previously, he modernized data infrastructure at Cốc Cốc (Browser and Search Engine) and optimized data processing across various systems. His early work at Humax involved developing efficient embedded software solutions, showcasing versatility across different technical domains.

Linkedin: https://www.linkedin.com/in/dao-minh-thuc-a0b1a0100/

Nguyen Duc Nam - Senior Software engineer

He is a Software Engineer specializing in robotics, data, and machine learning, with a track record of building and optimizing complex systems. His recent work at Eureka Robotics focuses on developing advanced robotics solutions, leveraging his automation and software integration expertise. In previous roles, he designed data pipelines and infrastructure at Cốc Cốc, enhanced computer vision algorithms at Viettel Cyberspace Center, and implemented scalable machine learning models at Homedy Inc. His diverse experience enables him to tackle robotics, data processing, and AI challenges, making him well-suited for innovative technology projects.

Linkedin: https://www.linkedin.com/in/nam-nguyen-duc-320363191/

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

Our total budget request is 100,000 ADA ($35,000; 1 ADA = $0.35), allocated across the following milestones:

I. Storage and Computing Cost

We will utilize Google Cloud Platform for hosting, storage, and security services. This infrastructure is essential to support our platform's scalability, security, and availability.

Server Hosting:

• This covers the infrastructure needed for backend operations, database instances, message handling, and syncing data with Cardano nodes.

Node Operations:

• Expenses for maintaining Cardano nodes and managing on-chain interactions like message submissions and profile updates.

System Monitoring and Alerts:

• Costs for tools that track performance, uptime, and system health to keep the platform running smoothly.

Backup & Redundancy Solutions:

• Expenses for data backups and redundancy systems to ensure high availability and disaster recovery.

Total Infrastructure & Overheads Cost = 11200$ (32000 ADA)

II. Development & Marketing Cost

Milestone 1: Setup project and Integrate DEXs for the launch (4 weeks)

This milestone is to set up the project/development flow and infrastructure as well as deploy the first version of the website on production including token360 and the portfolio feature

2 Senior Developers: 140 hours each, hourly cost 20$ = 5600$

1 Product Lead: 70 Hours, hourly cost 15$ = 1050$

Development cost: 6650$ (19000 ADA)

Milestone 2: Integrate Lending protocols in the ecosystem (4 weeks)

This milestone focuses on adding insights for lending protocols

2 Senior Developers: 140 hours each, hourly cost 20$ = 5600$

1 Product Lead: 70 Hours, hourly cost 15$ = 1050$

Development cost: 6650$ (19000 ADA)

Milestone 3: Enhance portfolio management, and implement proactive notification feature (4 weeks):

In this milestone we will deliver the portfolio page with detailed info; Calculate Profit and loss based on trading activities, impermanent loss for farming positions, and defaults for lending positions

2 Senior Developers: 140 hours each, hourly cost 20$ = 5600$

1 Product Lead: 70 Hours, hourly cost 15$ = 1050$

Development cost: 6650$ (19000 ADA)

The final milestone: Integrate the upcoming protocols in the ecosystem (4 weeks)

The final milestone focuses on supporting data of the latest protocols such as Butane, Strike Finance, and Optim Lending/Borrowing.

1 Senior Developer: 140 hours each, hourly cost 20$ = 2800$

1 Product Lead: 70 Hours, hourly cost 15$ = 1050$

Development cost: 3850$ (11000 ADA)

Total ADA allocation for the project: 100,000 ADA

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

The cost of our project provides exceptional value for money within the Cardano ecosystem. We are committed to delivering not only in-depth insights but also a diverse range of analytical tools designed to empower users and enhance their understanding of the ecosystem. The additional features we've proposed will further enrich the user experience, making our tools more accessible and valuable to the community.

Our project costs are carefully aligned with industry standards, ensuring that we remain competitive while delivering high-quality results. A significant portion of our budget is dedicated to server and storage expenses, which are essential for developing analytics tools that require a comprehensive collection of on-chain data. We are also building indexers to optimize query speed, alongside robust backup solutions to ensure a smooth user experience all the time.

Moreover, we recognize that our project must drive enduring value for the Cardano community. The quality of our work is reflected in our investment in skilled freelancers, whose expertise is crucial for the success of our initiative. Although their average wages in our country are barely sufficient, we are committed to providing fair compensation in order to attract the best talent.

In summary, the cost of our project not only reflects the quality and depth of our analytics but also represents a significant investment in the long-term sustainability and growth of the Cardano ecosystem. By providing powerful tools and insights, we aim to foster a more informed and engaged community, ultimately contributing to the overall success and evolution of Cardano.