Metera Protocol SDK for Index Tokens

[GENERAL] Name and surname of main applicant

Daniel Sampson

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

Entity (Incorporated)

[GENERAL] Requested funds in ada

145475

[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)

Metera's SDK allows projects to easily integrate our strategies (MTKs) into their platforms, enabling access to diversified asset management and risk mitigation within the Cardano ecosystem.

[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

Metera Protocol smart contracts are proprietary. An NPM package will be published.

[METADATA] Horizons

DeFi

[SOLUTION] Please describe your proposed solution

Investing and managing assets can be challenging for many due to the complexity and hands-on involvement required. This becomes even more daunting with web-3 native assets, where users must not only understand their investments but also navigate the high volatility inherent in the ecosystem.

Metera Protocol offers a marketplace for tokenized investment strategies called MTKs, designed to help users engage with the fast-growing Cardano ecosystem. By providing tailored indexes, MTKs offer instant diversification, helping to reduce the user's exposure to risk.

What are MTKs?

MTKs are asset baskets created by vetted portfolio managers, offering exposure to specific sectors or curated lists of Cardano Native Assets (e.g., DeFi, RealFi, exchanges, metaverse, etc.).

The Importance of Diversification

Diversification is a fundamental principle of safe and effective investing. Rather than putting all your resources into a single asset, spreading investments across various sectors helps mitigate risk. This strategy is crucial in blockchain, a rapidly growing space with great potential but significant risks. Diversification can help protect against the unpredictability of this ecosystem.

Platform Overview

Metera Protocol provides a variety of tokenized strategies and indexes (MTKs) that serve as benchmarks across all sectors of the ecosystem. These strategies reflect current market conditions and deliver reliable return data. Our platform also includes a rating system for indexes, offering users the information they need to make informed decisions on whether to invest or explore other opportunities.

Metera’s Solution

Following a successful testnet, Metera Protocol is preparing to launch on the mainnet. Our platform will allow projects to connect and offer MTKs to their users, providing easy access to diversified investment options and effective risk management.

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

Our project will have a positive impact on the wider Cardano community by providing an SDK that simplifies access to our advanced investment tools, enabling developers and projects to integrate tokenized strategies (MTKs) into their own platforms. This empowers the community in several ways:

1. Enhanced Accessibility: we lower the barrier to entry for projects looking to leverage our tools.
2. Strengthening Ecosystem Infrastructure: By creating a standardized toolkit for integrating investment strategies, we provide infrastructure that supports the development of financial products within Cardano.
3. Driving Ecosystem Growth: The SDK makes it easier for projects to offer diversified investment opportunities to their users, attracting new participants to the Cardano ecosystem.
4. Mitigating Risk for Users: By promoting diversification through MTKs, our project helps users manage the risks associated with the volatility of blockchain assets.

[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?

Metera Protocol has been in the ecosystem for the past couple of years. We have conducted an ISPO with over 34M ADA staked and are currently in testnet thanks to our funded Catalyst 11 proposal.

Our main dev team is TxPipe Shops which is a reputable development company in the ecosystem.

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

API Design

Interface and frontend Design

Output: Open API spec and interface design

Evidence: API spec and figma designs

API implementation (portfolios states queries, order interactions such as create, cancel and maybe submit TBD)

Output: API works 

Evidence: Video of API interacting

Frontend components implementation (NPM package)

Output: NPM package

Evidence: Video of frontend of the package working

CI/CD - (NPM package release automation for frontend package(s) and continuously deployable backend)

Output: NPM package published

Documentation (use cases, accessible, etc..)

Final Report

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

Daniel Sampson: https://www.linkedin.com/in/daniel-sampson-26966a225/

CEO and CoFounder of Metera

Entrepreneur and innovator in the web3 ecosystem with a strong background in traditional asset management.

Experience in marketing, project management and investor relations. Full Stack developer in progress.

Carlos Ernesto: https://www.linkedin.com/in/ernesto-sampson/

COO and Founding Team Member of Metera Protocol. Business manager and strategist. With experience in the creation, development and administration of projects. Experience in planning, management, and daily operation of Fintech and Crypto projects.

Deep interest in new technologies and passionate about making things happen.

Mahadi Abuhuraira: https://www.linkedin.com/in/mamt4real

Before joining Metera, my career focused on Web2 projects, particularly building web applications using technologies like React, Express, MongoDB, and Firebase. I enjoyed full-stack development and solving traditional web development challenges. My first foray into Web3 began when I joined Metera Protocol. I was intrigued by how blockchain could revolutionize finance by offering greater transparency, security, and user control.

Lawal Musa: https://www.linkedin.com/in/musalawal04/

As a Computer Scientist, I have a background in both content creation and project management, specializing in producing high-quality, engaging content tailored to both technical and non-technical audiences. My experience includes coordinating between stakeholders, such as developers, designers, and product owners, to align project goals with business objectives.?

TxPipe Shops:

Has provided a third party development T&M team to Metera Protocol for the past year. In case of receiving funding through this proposal we will continue working alongside TxPipe Shops as our main development partner. Which includes developers like Manu Gunther and Nicolas Ludueña.

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

Milestone 1: API Design, Interface and Frontend design (1 month)

Resources: 

• Full Time Full Stack Developer - 30,000ADA
• Ux/Ui Full Time Resource - 9,000 ADA

Total: 39,000 ADA

Milestone 2: API Implementation (1 month)

Resources:

• Full Time Full Stack Developer - 30,000 ADA

Total: 30,000 ADA

Milestone 3: Frontend components implementation (NPM package) (1 month)

Resources:

• Full time Front End Developer - 13,500 ADA
• Part time Full Stack - 15,000 ADA

Milestone 4: CI/CD - (1.5 months)

• Full Time Full Stack - 45,000 ADA

Total: 45,000 ADA

Final Milestone: Documentation and Final report (0.5 months)

Resources:

Full Stack Developer (1 week) - 7500 ADA

Project Management (2 weeks) - 5000 ADA

Total: 12,500 ADA

Project Total before adjustment: 126,500 ADA

ADA ADJUSTED FOR FLUCTUATION AND EXTRA EXPENSES: (126,500 x 1.15) = 145,475 ADA

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

Funding this project will help accelerate the inclusion of robust financial instruments needed for the broader adoption of the Cardano ecosystem in the rapidly growing DeFi ecosystem.