Last updated 9 months ago
Cardano DeFi lacks advanced order types like stop loss, take profit, OCO, and DCA. Development isn't viable due to low usage and audit costs, limiting traders' risk management tools.
Introduce advanced order types like stop loss, take profit, OCO, and DCA with min-max price ranges on DexHunter to empower traders with better risk management and automated trading.
This is the total amount allocated to DexHunter Advanced Order Types.
Please provide your proposal title
DexHunter Advanced Order Types
Enter the amount of funding you are requesting in ADA
250000
Please specify how many months you expect your project to last
6
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Cardano DeFi lacks advanced order types like stop loss, take profit, OCO, and DCA. Development isn't viable due to low usage and audit costs, limiting traders' risk management tools.
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
Yes
Describe any dependencies or write 'No dependencies'
We rely on existing decentralized exchanges (DEXs) and their APIs for order execution and price feeds. Integration with these DEXs is essential to provide real-time trading capabilities and accurate market data for conditional order execution.
Will your project's outputs be fully open source?
Yes
License and Additional Information
We will open-source stop-loss and oco contracts if this proposal gets funded
Please choose the most relevant theme and tag related to the outcomes of your proposal
DeFi
Describe your established collaborations.
DexHunter stands as Cardano's premier DEX aggregator, holding the #1 position by unique active wallets and monthly visitors with seamless integration across the ecosystem's most important platforms. Integrated with: snek.fun, TapTools, Vespr, Eternl, Anvil, Xerberus, SNEK, Butane, Iagon, Bodega, SyncAI, Pondora, Levvy, FlowDesk, Tokeo, and 50+ more wallets and dApps. Our Developer Ecosystem serves 100-200 active developers, including the most notable Cardano projects, through our comprehensive API suite that powers trading functionality across the network.
Describe funding commitments.
Our advanced order types implementation targets a 10% increase in trading sophistication and volume within 6 months, directly translating to higher activity across all integrated platforms. With our current market-leading position and extensive integration network, these professional trading tools will attract institutional and advanced retail traders while improving risk management across the entire Cardano DeFi ecosystem, establishing Cardano as a serious competitor to centralized exchange functionality.
Describe your key performance metrics.
Current baseline metrics:
Target improvements within 6 months:
Please describe your proposed solution and how it addresses the problem
Our solution adds comprehensive advanced order functionality to DexHunter through four key trading innovations:
Enable traders to automatically close positions when prices reach predetermined levels, providing essential risk management tools that protect against market volatility and secure profits without constant monitoring.
Allow traders to place two conditional orders simultaneously where execution of one automatically cancels the other, enabling sophisticated trading strategies that respond to market movements in either direction.
Implement automated buying or selling at regular intervals within specified price ranges, helping traders build positions gradually while minimizing the impact of market volatility.
Provide intuitive tools for setting, monitoring, and modifying all order types with clear visual indicators, order history, and performance tracking to enhance the overall trading experience.
Develop secure, audited smart contracts that handle conditional order logic, price monitoring, and automated execution while maintaining non-custodial principles and user fund security.
This comprehensive approach transforms DexHunter into a professional trading platform that rivals centralized exchanges while maintaining the security and transparency of decentralized finance.
Please define the positive impact your project will have on the wider Cardano community
Our gamification features deliver significant value by attracting sophisticated traders through enhanced tools and risk management capabilities, positioning Cardano as a serious alternative to centralized exchanges while retaining users within the decentralized ecosystem. The advanced smart contract infrastructure and APIs we develop provide essential building blocks for other Cardano projects, fostering ecosystem-wide innovation and establishing best practices for conditional execution and automated trading. These improvements contribute to market maturity through better price discovery and efficiency, creating a sophisticated trading environment that builds confidence among retail participants while attracting institutional interest and larger capital flows to the entire Cardano ecosystem.
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 operates DexHunter, Cardano's leading DEX aggregator handling the majority of daily trading volume, demonstrating our ability to build, deploy, and scale complex DeFi applications with high reliability. We bring deep experience with Cardano smart contract development, UTXO model optimization, and proven ability to integrate with multiple DEX protocols simultaneously, backed by strong backgrounds in traditional finance and advanced trading systems. Our validation approach includes prototype development with core conditional logic testing, comprehensive smart contract audits, performance testing for optimal execution latency, and beta testing with experienced traders. We mitigate risks through phased development with incremental rollouts, conservative timelines with development buffers, strong partnerships with Cardano DEX protocols for technical support, and continuous security monitoring throughout the development process.
Milestone Title
Advanced Order Design & Architecture
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
2
Cost
750000
Progress
20 %
Milestone Title
Core Smart Contract Development
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
4
Cost
135000
Progress
80 %
Milestone Title
Public launch and video report
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
6
Cost
40000
Progress
100 %
Please provide a cost breakdown of the proposed work and resources
Advanced Order Design and Architecture: ₳75,000
Core Smart Contract Development: ₳135,000
Public Launch and Video Report: ₳40,000
Total Project Cost: ₳250,000
How does the cost of the project represent value for the Cardano ecosystem?
The ₳250,000 investment brings professional trading tools to Cardano that traders desperately need but can't find anywhere else in the ecosystem. Stop-loss and take-profit orders are basic features on every major trading platform, and without them, Cardano loses serious traders to other chains or centralized exchanges. DexHunter already handles most of Cardano's daily trading volume, so adding these features will immediately benefit thousands of active traders and attract new ones who've been waiting for proper risk management tools. The cost works out to roughly ₳25 per current monthly active trader, which is incredibly cheap considering these features will likely increase trading volumes by 5-10% and keep users from leaving Cardano for platforms that already offer advanced orders. This investment solves a real problem that's holding back Cardano's DeFi growth and positions the ecosystem to compete seriously with Ethereum and other advanced trading platforms.
Terms and Conditions:
Yes
CEO & Project Lead: Nikita Melentjevs
Blockchain Lead: Edoardo Carlo Salvioni
And a team of experienced designers and developers who built DexHunter to help us create the new gamified platform.