Last updated 5 months ago
Breaching the gap for new users to come to Cardano and profit from it's growing DeFi ecosystem. With focus in yield generating protocols.
We will implement a Telegram chatbot that will enable on-chain payments and passive yield generation through integration with DeFi protocol vaults. It will allow tailoring for different user profiles.
This is the total amount allocated to Chat-Ching: Pay and earn yields through your messaging app.
Please provide your proposal title
Chat-Ching: Pay and earn yields through your messaging app
Enter the amount of funding you are requesting in ADA
82600
Please specify how many months you expect your project to last
4
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Breaching the gap for new users to come to Cardano and profit from it's growing DeFi ecosystem. With focus in yield generating protocols.
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
Yes
Describe any dependencies or write 'No dependencies'
Integration with third-parties for ramp services, passkey authentication, oracle services
Will your project's outputs be fully open source?
No
License and Additional Information
To be in line with Cardano's ethos, the team will open source under MIT license all resources that are not considered critical for security or user privacy concerns.
Please choose the most relevant theme and tag related to the outcomes of your proposal.
Yield
Describe what makes your idea innovative compared to what has been previously funded (whether by you or others).
There exists a previously funded Telegram Bot in Fund11 that allows ADA buying and selling There are several key difference between projects:
Describe what your prototype or MVP will demonstrate, and where it can be accessed.
Describe realistic measures of success, ideally with on-chain metrics.
Please describe your proposed solution and how it addresses the problem
We will implement a telegram bot that allows on-chain payments between users and passively generate yields by integrating with on-chain DeFi protocols.
As the company behind TranscribeMe we are in a preferential go to market position by offering new services to our userbase.
The service will consist of three main components
The service will enable the following flows
Long term Developments
Please define the positive impact your project will have on the wider Cardano community
The project will democratize access, boost adoption and foster growth.
It will attract users not already engaged in the blockchain, focus non-tech savy users. It will leverage telegram's worldwide penetration, specially in highly growing and underserved markets such as LATAM. Its capability for an almost entirely through chat interaction will be an ideal fit for newcommers.
It has the opportunity to become an alternative to traditional payment services and have comparatively higher yields. This is specially attractive in markets where dolar reserves are one of the dominant ways to preserve value, such as Argentina. Lowering complexities in blockchain interaction and traditional wallet key management will promote financial inclusion, aligning with Cardano's social impact goals.
Attracting new user will increase liquidity on the ecosystem DeFi protocols, increasing stability. This constitutes a double positive feedback loop: On one hand, higher stability will attract new users that will further increase liquidity; on the other hand it will attract new DeFi services that could eventually be integrated to increase the bot's capabilities.
The constant interaction that users have with whatsapp will encourage dailiy engagement, incrasing Cardano's visibility.
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 company has a proven record delivering successfull and high quality DeFi products (Hatom and Soul protocols) as well as the successfull deployment and operation of a high demand Messaging Bot with TranscribeMe.
Existing services in Cardano ecosystem and in Telegram corroborate the feasability of the project.
The initial milestone will be devoted to analize avialable alternatives for third-party integrations and decide on the best suitor.
Internal audits will be carried out and all the codebase will be audit ready to engange in third party audits prior to launch for general users.
Milestone Title
Final Specifications
Milestone Outputs
Final architecture and Technology stack
Third-party services to be integrated
Yield strategy and risk management specification
UX/UI mockups for the bot and frontend
Acceptance Criteria
The deliverables must provide
Evidence of Completion
Delivery Month
1
Cost
10000
Progress
10 %
Milestone Title
Off-chain components integration
Milestone Outputs
Acceptance Criteria
The milestone is met when the off-chain components are fully integrated with off-chain third-party systems
Evidence of Completion
Video showing work flows and integrations
Service avaialble for revisors to reproduce video workflows
Delivery Month
2
Cost
30000
Progress
40 %
Milestone Title
Testnet deployment
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Video showing
Working bot that the users can communicate with
Working landing page available
Delivery Month
3
Cost
30000
Progress
80 %
Milestone Title
Mainnet Deployment
Milestone Outputs
v0 restricted deployment on mainnet
Documentation with user usage, feedback and resulting improvements
Acceptance Criteria
v0 of the application is successfully deployed on mainnet
Evidence of Completion
Video showing
Delivery Month
4
Cost
12600
Progress
100 %
Please provide a cost breakdown of the proposed work and resources
Cost breakdown:
Project management, QA and community engagement are taken up by Rather Labs and not included in the costs.
Total: $49600 / (0.6 [$/₳]) =~ ₳ 82600
How does the cost of the project represent value for the Cardano ecosystem?
This proposed service enormous potential to attract new customers, enabling payments and yield generation almost seamlessly through a messaging service can bridge the distance from every day non crypto users to Cardano ecosystem and its profiting opportunities.
We are in a preferential go to market opportunity by offering new services to our TranscribeMe user base.
We consider that the cost of the project is more than compensated by the possitive feedback that can be generated with the broader Cardano DeFi ecosystem.
Terms and Conditions:
Yes
Rather Labs is a technology partner specialized in the design, development, and deployment of blockchain-based systems. With a track record of delivering complex financial infrastructure we bring deep expertise across backend engineering, smart contract development, and full-stack product delivery.
Our team thrives in high-stakes environments where reliability, auditability, and time-to-market are critical, consistently acting as an extension of our clients’ teams to ship MVPs, iterate fast, and launch production-ready platforms. Whether building cross-chain architectures, decentralized markets, or financial primitives, Rather Labs combines technical excellence with a pragmatic, milestone-driven process that transforms bold ideas into operational products.
Key Projects
Hatom Protocol: Our engagement with Hatom Protocol, the largest DeFi protocol on the MultiversX blockchain, underscores our capability in this area. With over USD$ 250 million in Total Value Locked (TVL) and nearly a year of operational history, Hatom has been a vital, evergrowing platform and we are continuing operating it and launching more features.
Membrane Platform: Rather Labs partnered with Membrane to build a cross-blockchain decentralized platform with OTC trading, lending, derivatives, netting, and settlement capabilities. Membrane has processed more than U$S1 billion in loans engaging with top institutions in the financial ecosystem.
Sui-Based DeFi Agent System: We recently developed a conversational AI application for Sui, integrating an agent framework with DEXes like Bluefin and Cetus. This system tracks LP positions and enables rebalancing strategies, leveraging custom indexers and wallet-based automation.
Soul Protocol: Soul is a decentralized finance (DeFi) protocol that provides seamless access to liquidity across multiple blockchains and lending platforms, such as Aave and Compound. Built on top of these protocols, Soul enables users to supply and borrow assets with the flexibility to interact with different lending protocols from a single entry point: the Soul app. This approach simplifies the DeFi experience, enhancing usability and uniting fragmented liquidity. Rather Labs contributed to the backend architecture and protocol logic. The project recently completed a successful public sale, raising over USD $6 million in community funding.
Additional details and case studies can be found on our company’s deck and portfolio:
https://www.ratherlabs.com/portfolio
The team that will be involved in this project consists of
Federico Caccia is a tech leader with 10+ years of experience in blockchain and AI, backed by a strong foundation in Nuclear Engineering. As CEO of Rather Labs, Rather Ventures, and Omnilane, he has developed DeFi protocols and cross-chain solutions, blending tech skills with sharp business acumen.
https://www.linkedin.com/in/fedecaccia/
Franco Scucchiero is a blockchain entrepreneur with 7+ years as a developer and 5 years in sustainable finance, gaming, and DeFi. As CTO of Hatom Labs and Rather Labs and 6 times cofounder, he merges tech expertise with entrepreneurial vision, driving sustainable and impactful blockchain innovation.
https://www.linkedin.com/in/scucchiero/
Ignacio Fabre holds a PhD in Theoretical Physics with 15+ academic publications. He transitioned to Data Science, taught Machine Learning at an Argentine National University, and now leads R&D as Head of Innovation at Rather Labs. Co-founder of TranscribeMe.
https://www.linkedin.com/in/ignaciofabre/
Juan Beliera holds a Master’s degree in Mathematical Engineering and 9 years of experience in software development within the nuclear industry. He has specialized in the design and implementation of software for nuclear reactor simulations, working primarily with Ada, C++, Fortran, Julia, and Python. In late 2024, he transitioned to the fields of artificial intelligence and blockchain development, joining the innovation team at Rather Labs.