Last updated 3 months ago
Cardano’s isolation from other blockchains prevents users from accessing leading yield protocols and cross-chain dapps, reducing liquidity, slowing adoption, and limiting overall ecosystem growth
Build a unified yield platform connecting Cardano users to Kamino’s vaults, unlocking automated liquidity strategies that transform idle Cardano assets into productive yield-earning positions
This is the total amount allocated to Kamino + Cardano: earn yield with your Cardano assets.
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
Please provide your proposal title
Kamino + Cardano: earn yield with your Cardano assets
Enter the amount of funding you are requesting in ADA
100000
Please specify how many months you expect your project to last
3
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Cardano’s isolation from other blockchains prevents users from accessing leading yield protocols and cross-chain dapps, reducing liquidity, slowing adoption, and limiting overall ecosystem growth
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
No dependencies
Will your project's outputs be fully open source?
Yes
License and Additional Information
All materials and source code of the project will be made fully open source under MIT License
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).
This idea is new to Cardano because it connects our ecosystem directly to Kamino’s yield vaults, which no one has done before. Right now, Cardano users are limited to a small set of native yield options. We’re introducing a bridge to proven, automated liquidity strategies from outside ecosystems, so ADA and Cardano-native assets can earn yield in smarter ways. It’s about opening the door to opportunities Cardano users haven’t had access to, boosting both utility and adoption.
Describe what your prototype or MVP will demonstrate, and where it can be accessed.
Our MVP will let Cardano users deposit stablecoins (USDM/USDA) into Kamino to start earning yield through automated strategies. It will show how stablecoins on Cardano can be put to work across blockchains, all from a simple, easy-to-use website. The first version will run on Cardano’s mainnet so the community can try it and share feedback.
Describe realistic measures of success, ideally with on-chain metrics.
We’ll know this project is successful when the platform works as intended: Cardano stablecoins can be deposited into Kamino, start earning yield, and users can withdraw without problems. If people can use it easily and everything runs smoothly from start to finish, the concept will have proven itself.
Please describe your proposed solution and how it addresses the problem
Right now, Cardano users who hold stablecoins like USDM or USDA can’t easily put them to work in the wider DeFi ecosystem. This limits their ability to earn competitive yield and slows the growth of Cardano’s on-chain economy.
Our solution is to connect Cardano to Kamino’s yield vaults, giving stablecoin holders direct access to automated, optimized strategies that are already proven in other ecosystems. Through a simple web platform, users will be able to deposit their stablecoins, watch them get deployed into strategies, and earn yield, all without needing to use non-Cardano wallets.
This approach solves the problem by unlocking opportunities Cardano users currently miss out on, driving more value and activity to the network. It benefits stablecoin holders looking for safe, productive uses of their assets, and it helps Cardano grow by connecting it to successful cross-chain liquidity infrastructure.
Please define the positive impact your project will have on the wider Cardano community
This project will give Cardano users a new way to put their stablecoins to work, earning yield without leaving the ecosystem. By connecting to proven cross-chain strategies, we’ll open up opportunities that keep value within Cardano while also attracting more users and liquidity. A working platform will show that Cardano can integrate with leading DeFi tools, helping grow adoption and network activity.
We’ll measure impact by the platform’s functionality, community feedback, and the number of people using it once live. Results and updates will be shared openly with the community through Mynth’s X and Discord channels alongside demos, so others can learn from and build on what we’ve done.
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 has already proven our ability to deliver complex, high-impact projects with no external funding by successfully building Mynth from the ground up. Over the past two years, we have worked tirelessly to bring true interoperability to Cardano, designing and deploying foundational infrastructure that is already enabling cross-chain connectivity.
We are one of Cardano’s leading interoperability teams, with deep expertise in blockchain architecture, protocol integration, and wallet connectivity. Our prior work on Mynth has given us both the technical knowledge and the operational experience to deliver on this proposal efficiently and to the highest standards.
Our approach to project delivery is structured and accountable:
Given our history, expertise, and established technical foundation, we are uniquely positioned to deliver this SDK quickly, reliably, and with full transparency to the Cardano community.
Milestone Title
Project Setup & Licensing
Milestone Outputs
We will create a public GitHub repository for the SDK under the MIT License, including an initial README, contributing guidelines, license file, and basic folder structure. A high-level roadmap will be published in the repository to guide development.
Acceptance Criteria
The GitHub repository is publicly accessible, contains the MIT License file, and has a clearly written README describing the project’s purpose, scope, and roadmap. Contributing guidelines must be present for community involvement.
Evidence of Completion
A public link to the GitHub repository will be provided along with screenshots showing the repository structure, license file, and README. Commit history will verify the creation date and inclusion of required setup files.
Delivery Month
1
Cost
20000
Progress
10 %
Milestone Title
Core Integration Development
Milestone Outputs
Create a frontend that connects to a Cardano mainnet wallet and allows depositing USDM or USDA into Kamino. This version will demonstrate the concept in action, showing that wallet connection and deposit functionality can operate on mainnet within a simple, minimal interface.
Acceptance Criteria
A user can open the frontend, connect a Cardano mainnet wallet, and successfully initiate a deposit of USDM or USDA into Kamino. The process must complete without critical errors, demonstrating that the basic interaction between the wallet, stablecoins, and Kamino works as intended.
Evidence of Completion
A public link to the GitHub repository containing the frontend code will be provided, along with a short video showing wallet connection and a deposit transaction of USDM or USDA into Kamino on Cardano mainnet. Commit history will confirm when the functionality was added.
Delivery Month
3
Cost
20000
Progress
50 %
Milestone Title
UI Enhancements & User Testing
Milestone Outputs
Create a minimal update to the frontend to improve clarity and ease of use, ensuring the interface is straightforward for connecting a Cardano mainnet wallet and depositing USDM or USDA into Kamino. Gather quick feedback from a few testers to spot and address any simple issues.
Acceptance Criteria
Testers can connect a Cardano mainnet wallet and deposit USDM or USDA into Kamino without confusion or major errors. Feedback confirms the updated interface is clear enough for basic use, and any simple fixes identified are applied.
Evidence of Completion
A short video will show a tester connecting a Cardano mainnet wallet, making a deposit of USDM or USDA, and navigating the updated interface. A brief written summary of tester feedback and changes made will be included in the GitHub repository.
Delivery Month
3
Cost
20000
Progress
80 %
Milestone Title
Public Release & Documentation
Milestone Outputs
Deploy the MVP frontend to a public domain connected to Cardano mainnet, making it accessible for anyone to connect a wallet and deposit USDM or USDA into Kamino. Publish the full frontend code in a public GitHub repository under the MIT License, along with a short usage guide explaining how to perform these basic actions.
Acceptance Criteria
The live site is publicly accessible and allows a user to connect a Cardano mainnet wallet and deposit USDM or USDA without critical issues. The complete frontend code is available in the public repository with clear instructions for running it.
Evidence of Completion
A public link to the live MVP will be provided, along with a short video showing wallet connection and deposit on mainnet. The public GitHub repository link will be shared, containing the full code and the usage guide.
Delivery Month
3
Cost
20000
Progress
90 %
Milestone Title
Project Close-out Report and Video
Milestone Outputs
At the end of the project, a short close-out report and a summary video will be prepared. The report will provide a clear overview of what was completed and the main results. The video will give a straightforward recap of the outcomes in an easy-to-follow way. Together, they will provide closure and serve as a record that the project has been completed.
Acceptance Criteria
This milestone will be complete once a written report and a video have been created. The report should confirm that the project is finished and summarize the key results. The video should give a simple overview of what was achieved. Both items together will mark the official close-out of the project.
Evidence of Completion
Evidence will consist of the final report and the summary video prepared at the end of the project. Having these two items will demonstrate that the work has been completed and the results have been documented in both written and visual form.
Delivery Month
3
Cost
20000
Progress
100 %
Please provide a cost breakdown of the proposed work and resources
Total Requested: ₳100,000
Development
Marketing
Summary:
How does the cost of the project represent value for the Cardano ecosystem?
By delivering an open-source frontend that connects Cardano stablecoins (USDM/USDA) to Kamino, this project gives users a direct way to earn yield without leaving the Cardano ecosystem. The MVP demonstrates a working concept that can be expanded and adopted by other developers, multiplying its impact over time.
The budget is tied to high-value activities: experienced blockchain development at market rates, targeted community outreach to attract testers, and essential operational costs to ensure smooth delivery. Every ADA spent directly supports building and promoting a functional, open-source proof of concept that can be freely reused, improved, and integrated by others.
Once released, the open-source code will enable any developer to create their own interfaces or integrate this functionality into existing dApps. This ensures the work continues to benefit Cardano beyond the initial funding period, driving stablecoin utility, ecosystem adoption, and on-chain activity well into the future.
Terms and Conditions:
Yes
Robert Roose – Founder and Director
With over two decades of business and software development experience, Robert entered the crypto space in 2013. He has founded several Cardano protocols since 2021 and is the founder of Mynth, Cardano’s interoperability layer.
LinkedIn: https://linkedin.com/in/summatix
Mynth is backed by a seasoned software development company with a long history of delivering high-quality, large-scale solutions for both blockchain and traditional industries. Our in-house team covers all critical disciplines including architecture, engineering, testing, security, and project management. The project will be fully resourced from day one. For the most up-to-date team information, visit: https://docs.mynth.ai/guide/mynth/team