Minswap AI-Powered Grid Trading Bot by Spidex AI

[Proposal setup] Proposal title

Please provide your proposal title

Minswap AI-Powered Grid Trading Bot by Spidex AI

[Proposal Summary] Budget Information

Enter the amount of funding you are requesting in ADA

200000

[Proposal Summary] Time

Please specify how many months you expect your project to last

10

[Proposal Summary] Translation Information

Please indicate if your proposal has been auto-translated

No

Original Language

en

[Proposal Summary] Problem Statement

What is the problem you want to solve?

Cardano DEX volume only $3.8M/day (up just 6.1% in Q3 2025 – Messari), because grid trading is complex, fees are high, and 99% of users give up, leaving $423M TVL severely underutilised.

[Proposal Summary] Supporting Documentation

Supporting links

• https://app.spidex.ag
,
• https://spidex.ag/
,
• https://spidex-ai.gitbook.io/spidex-ai-docs
,
• https://x.com/Spidex_ag
,
• https://t.co/GmKMAEQLql

[Proposal Summary] Project Dependencies

Does your project have any dependencies on other organizations, technical or otherwise?

Yes

Describe any dependencies or write 'No dependencies'

Our AI engine is fully built and maintained in-house by Spidex AI. All core components (AI logic, optimisation engine, automation stack, execution layer) are already operational and owned entirely by our team. While the model is trained using publicly available data and API endpoints from Minswap

[Proposal Summary] Project Open Source

Will your project's outputs be fully open source?

No

Please provide details on the intellectual property (IP) status of your project outputs, including whether they will be released as open source or retained under another licence.

The core AI trading engine, optimisation models, and execution infrastructure are proprietary intellectual property of Spidex Team. These components include high-frequency execution logic and AI-based parameter models that cannot be open-sourced due to: • The need to protect commercially sensitive algorithms, • Security considerations around execution infrastructure, • Maintaining competitive integrity for the product.

[Theme Selection] Theme

Please choose the most relevant theme and tag related to the outcomes of your proposal

DeFi

[Campaign Category] Category Questions

Describe what makes your idea innovative compared to what has been previously launched in the market (whether by you or others).

Our solution introduces the first fully AI-driven grid trading engine natively integrated into a Cardano DEX, enabling users to deploy automated liquidity strategies through a single natural-language instruction. Unlike traditional grid bots that require manual configuration, spreadsheets, or external bots running off-chain, our engine:

• Translates plain-English user intents (“Grid ₳500 into ADA/USDM”) into optimised, fee-aware grid parameters in seconds.
• Runs entirely on-chain through Minswap’s batching system, ensuring extremely low per-order fees — a capability unique to Cardano and not available on CEXs or other chain DEXs.
• Continuously re-optimises grid parameters using real-time volatility modelling and execution feedback loops, something no existing Cardano tool provides.
• Removes 99% of the complexity of algorithmic market-making, enabling both new and advanced traders to participate without specialised knowledge.Our MVP will demonstrate a fully functional end-to-end grid trading flow integrated with Minswap test pools, accessible as a public staging environment for community testers.

This combination of AI orchestration + UTXO-native execution + natural-language deployment has never been implemented on Cardano before, making the solution both technically novel and strategically valuable to the ecosystem.

Describe what your prototype or MVP will demonstrate, and where it can be accessed.

Our MVP will demonstrate a fully functional end-to-end grid trading flow integrated with Minswap test pools, accessible as a public staging environment for community testers.

Specifically, the MVP will show:

• A working natural-language instruction field that interprets user prompts.
• AI-generated grid parameters including spreads, levels, batch timing, and risk bounds.
• A functioning execution engine completing a full buy–sell–buy cycle on testnet with correct UTXO handling.
• Real-time grid visualisation and fee estimation.
• Wallet connectivity and one-click deployment.

The MVP will be accessible through:

• A public Spidex-hosted staging URL with wallet connection.
• GitHub documentation, including API specs and workflow diagrams.
• Recorded testnet transaction hashes showing live grid activity.

This prototype provides tangible, verifiable proof that the system is ready for final integration and scaling.

Describe realistic measures of success, ideally with on-chain metrics.

We define success using measurable, on-chain and user-activity metrics tied directly to increased ecosystem performance:

On-chain Metrics (Primary KPIs)

• Automated Grid Cycles Executed: 10,000+ cycles within the first 90 days post-launch.
• DEX Trading Volume Generated: Increase daily Minswap volume through automated activity by 2–5% (measured via pool-level transactions).
• Fee Efficiency: Maintain average per-order fee using batching.
• Number of Supported Trading Pairs: Support at least 3 major pairs with stable performance.

User Adoption & Activity Metrics

• Beta Tester Participation: At least 50 wallets completing validated test cycles (Milestone 3).
• Mainnet User Adoption: 100–200 unique mainnet users deploying grids in the first 90 days.
• Retention: 40% of users running more than one grid session.
• Instruction Accuracy Rate: ≥94% success rate for valid AI-interpreted instructions.

Qualitative Success Indicators

• User feedback confirming reduced complexity in market-making.
• Integration visibility through community channels and DEX dashboard engagement.
• Increased liquidity depth, reduced slippage, and more efficient pool utilisation on Minswap.

Together, these metrics provide a clear, auditable demonstration of economic impact and real value delivered to the Cardano ecosystem.

[Your Project and Solution] Solution

Please describe your proposed solution and how it addresses the problem

The integration of our bot to Mindwap introduces a full AI-powered grid trading engine that simplifies market-making on Cardano. Users can deploy automated grids using natural-language instructions, while the AI calculates spreads, grid levels, batching frequency, risk limits, and re-optimisation cycles. All executions route through Minswap pools, generating continuous, fee-efficient trading activity. Minswap is the only Cardano DEX (to our knowledge) with zero added “Batching fees” cost. As such, transaction batching keeps average per-order fees extremely low, enabling scalable high-frequency trading behaviour across pairs. This system provides both retail users and advanced traders a frictionless way to participate while strengthening Minswap liquidity. Real User Flow Example User types: “Grid ₳500 into ADA/USDM” → AI replies in < 7s: “Deployed #1847

[Your Project and Solution] Impact

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

This project directly increases Cardano’s 24/7 trading volume by enabling thousands of automated grid cycles that continuously buy and sell within pools. Users gain easy access to algorithmic trading without needing technical knowledge, which significantly lowers barriers to active participation. Liquidity depth improves, slippage decreases, and pool utilisation becomes more efficient. The automation also attracts users accustomed to CEX grid bots, bringing new activity onto Cardano’s DeFi rails. Ultimately, this project strengthens Cardano, deepens markets, and accelerates ecosystem growth.

[Your Project and Solution] Capabilities & 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?

Spidex already operates a functioning AI-driven deployment engine and automated execution stack. This reduces development risk, as the proposal focuses on expanding the existing engine, integrating Minswap pools, and creating a robust in-DEX user experience. The team has the required AI engineering, UTXO-aware batching, and high-frequency trading automation expertise. Feasibility is validated through current live grid execution demos, confirming readiness for integration.

[Milestones] Project Milestones

Milestone Title

Core Grid Engine Integration with Minswap Pools

Milestone Outputs

This milestone delivers the core system that connects the Spidex grid engine to Minswap pools, enabling basic grid execution, spread calculation, and fee-optimised batch ordering. It includes SDK development, API endpoints for creating and managing grids, and integration of Minswap price feeds. Testnets will show fully working buy-and-sell cycles with batched transactions and correct UTXO handling.

Acceptance Criteria

A functioning SDK and backend capable of creating, updating, and executing grid strategies on Minswap test pools must be deployed. At least one complete grid cycle (buy–sell–buy) must execute successfully with batched transactions. All activity must be verifiable through transaction hashes and logs proving correct spread behaviour and proper UTXO balancing in at least two supported pairs.

Evidence of Completion

GitHub commits showing SDK and API implementations, documentation of the integration, and signed transaction hashes proving the execution of full grid cycles. A recorded demonstration must show the full workflow from grid creation to cycle completion, including batching behaviour and correct price-aligned execution across Minswap pools.

Delivery Month

4

Cost

80000

Progress

30 %

Milestone Title

Minswap UI Integration and User Instruction Engine

Milestone Outputs

The Minswap interface receives a new Grid Trading section with a natural-language input field, full wallet connectivity, projected APR display, and fee estimates. The UI will communicate with Spidex’s backend to request optimal parameters, display them clearly, and allow single-click deployment. Users will see real-time grid visuals, validation checks, and configuration summaries.

Acceptance Criteria

Users on a Minswap staging environment must be able to log in with supported wallets, enter natural-language commands, receive valid AI-generated grid parameters, and deploy an operational grid. The UI must show all grid levels, parameters, and expected fees. Errors, rejected inputs, and invalid states must be handled clearly and consistently.

Evidence of Completion

A publicly accessible staging link with wallet connectivity, screenshots of the functioning flow, and a complete screen recording showing instruction input, AI parameter generation, confirmation, and grid deployment. UI commit history must reflect implemented components, including parameter cards, charts, and deployment modals.

Delivery Month

6

Cost

40000

Progress

50 %

Milestone Title

Closed Beta Testing & Performance Validation

Milestone Outputs

This milestone includes onboarding at least 50 beta testers from Cardano and Spidex communities, running structured testing scenarios across several pairs, and stress-testing optimisation cycles. Metrics such as grid success rate, average per-order fee, execution latency, and re-optimisation timing will be collected to ensure stability and economic viability.

Acceptance Criteria

At least 50 wallets must complete multiple successful grid cycles using the integrated system. The overall success rate must reach at least 94%, and the average executed order fee must be reduced. Re-optimisation events must complete without grid interruption. No critical errors, fund losses, or incorrect accounting may remain unresolved.

Evidence of Completion

A metrics dashboard must present aggregated results, including cycle counts, success rates, fees, and performance charts. Test transaction hashes, and logs must verify correct behaviour. A written summary of tester feedback and recorded walkthroughs of testing sessions will be provided to confirm system stability and user satisfaction.

Delivery Month

8

Cost

30000

Progress

70 %

Milestone Title

Public Launch on Minswap & Multi-Pair Rollout

Milestone Outputs

This milestone finalises the public launch of grid trading through an interface, with full production deployment, global Telegram alerting, and improvements derived from beta testing. It includes additional trading pairs, optimised batching logic, refined visualisations, and detailed tooltips for user education. Marketing materials and user guides will accompany the release.

Acceptance Criteria

Grid trading must be accessible on the mainnet for all supported wallets and selected pairs. Users must be able to deploy grids using natural-language commands, view real-time performance, and receive alerts. The platform should handle increasing load and support at least three major trading pairs with consistent execution quality across all configurations.

Evidence of Completion

Mainnet URL demonstrating operability, announcement posts on official channels, and public documentation. Screen recordings of real users deploying grids, along with transaction hashes confirming mainnet activity, will verify completion. Updated documentation must include onboarding guides and FAQs demonstrating readiness.

Delivery Month

9

Cost

20000

Progress

80 %

Milestone Title

Final Close-Out Report & System Review

Milestone Outputs

A complete project report summarising architecture, execution performance, user adoption data, optimisation behaviour, metrics from launch, and recommendations for future expansion. It includes an audit-friendly technical overview, visual charts, and a summary of ecosystem impact, focusing on volume improvements and liquidity effects across pairs.

Acceptance Criteria

A well-structured PDF must be publicly released detailing milestone achievements, measured performance, user activity data, and technical descriptions. The report must present evidence of economic impact and confirm stable production performance. It should be shared via official Minswap and Spidex social channels.

Evidence of Completion

A publicly accessible PDF in a GitHub repository, complete with charts, final metrics, system architecture diagrams, and a written executive summary. Links to social posts confirming publication will also be provided, along with an archive entry suitable for Cardano Catalyst record-keeping.

Delivery Month

10

Cost

30000

Progress

100 %

[Final Pitch] Budget & Costs

Please provide a cost breakdown of the proposed work and resources

The total requested budget is 200,000 ADA (1 ADA = $0.42) ≈ 84,000 USD, allocated across five milestones that directly correspond to development, integration, testing, and public launch. Each milestone represents a discrete deliverable with clear acceptance criteria and evidence requirements.

Milestone 1 — 80,000 ADA

Core integration of the Spidex AI grid engine with Minswap pools, including SDK, API, batching logic, and testnet execution.

Personnel Costs:

• Senior AI & FE Engineers: 2 × 300h × $25.2/h (60 ADA/h) = $15,120 ≈ 36,000 ADA
• Backend Engineer: 250h × $18.9/h (45 ADA/h) = $4,725 ≈ 11,250 ADA
• QA & Internal Testing: 200h × $12.6/h (30 ADA/h) = $2,520 ≈ 6,000 ADA
• Documentation & Integration Review: 250h × $12.6–$15/h = $2,835 ≈ 6,750 ADA

Total: 80,000 ADA

Milestone 2 — 40,000 ADA

Minswap UI integration, natural-language instruction module, deployment flow, APR/fee display, and user-facing visual components.

Personnel Costs:

• Frontend Engineer: 200h × $18.9/h = $3,780 ≈ 9,000 ADA
• Instruction Engine Engineer: 150h × $18.9/h = $2,835 ≈ 6,750 ADA
• UX & QA: 150h × $12.6/h = $1,890 ≈ 4,500 ADA
• Documentation & Staging Support: 120h × $12.6–$15/h = $1,575 ≈ 3,750 ADA

Total: 40,000 ADA

Milestone 3 — 30,000 ADA

Closed beta with 50 testers, performance analytics, stress testing, and optimisation cycle validation.

Personnel Costs:

• QA/Test Lead: 150h × $12.6/h = $1,890 ≈ 4,500 ADA
• Analytics Engineer: 150h × $18.9/h = $2,835 ≈ 6,750 ADA
• Test Support & Bug Fixing: 200h × $12.6/h = $2,520 ≈ 6,000 ADA
• Reporting & Validation Docs: 100h × $12.6/h = $1,260 ≈ 3,000 ADA

Total: 30,000 ADA

Milestone 4 — 20,000 ADA

Mainnet launch, multi-pair rollout, refined visualisation, user education materials, and global notification system.

Personnel Costs:

• Backend Engineer: 120h × $18.9/h = $2,268 ≈ 5,400 ADA
• Integration Engineer: 120h × $18.9/h = $2,268 ≈ 5,400 ADA
• Documentation & User Guide: 120h × $12.6/h = $1,512 ≈ 3,600 ADA
• Launch Support: 60h × $12.6/h = $756 ≈ 1,800 ADA

Total: 20,000 ADA

Final Milestone — 30,000 ADA

Comprehensive final report, public documentation, system review, and ecosystem impact analysis.

Personnel Costs:

• Analyst: 150h × $12.6/h = $1,890 ≈ 4,500 ADA
• Engineer: 150h × $18.9/h = $2,835 ≈ 6,750 ADA
• Technical Writer: 200h × $12.6/h = $2,520 ≈ 6,000 ADA
• Data Compilation & Charts: 100h × $12.6/h = $1,260 ≈ 3,000 ADA

Total: 30,000 ADA

[Final Pitch] Value for Money

How does the cost of the project represent value for the Cardano ecosystem?

This proposal delivers strong value for money because it turns a one-time development cost into a permanent, self-sustaining benefit for the Cardano DeFi ecosystem. With 200,000 ADA, the project unlocks:

• Continuous on-chain trading volume on Minswap without future funding.
• Deeper liquidity and lower slippage, improving market efficiency for all users.
• CEX-style automated trading tools that Cardano currently lacks, attracting new traders and capital.
• High leverage: we build on an already functional AI engine, so Catalyst funding goes directly to integration and public deployment - not foundational R&D.

In short, a relatively small grant produces lasting economic impact for the ecosystem, making this proposal a high-value investment for Catalyst.

[Self-Assessment] Self-Assessment Checklist

I confirm that evidence of prior research, whitepaper, design, or proof-of-concept is provided.

Yes

I confirm that the proposal includes ecosystem research and uses the findings to either (a) justify its uniqueness over existing solutions or (b) demonstrate the value of its novel approach.

Yes

I confirm that the proposal demonstrates technical capability via verifiable in-house talent or a confirmed development partner (GitHub, LinkedIn, portfolio, etc.)

Yes

I confirm that the proposer and all team members are in good standing with prior Catalyst projects.

Yes

I confirm that the proposal clearly defines the problem and the value of the on-chain utility.

Yes

I confirm that the primary goal of the proposal is a working prototype deployed on at least a Cardano testnet.

Yes

I confirm that the proposal outlines a credible and clear technical plan and architecture.

Yes

I confirm that the budget and timeline (≤ 12 months) are realistic for the proposed work.

Yes

I confirm that the proposal includes a community engagement and feedback plan to amplify prototype adoption with the Cardano ecosystem.

Yes

I confirm that the budget is for future development only; excludes retroactive funding, incentives, giveaways, re-granting, or sub-treasuries.

Yes

[Required Acknowledgements] Consent & Confirmation

I Agree

Yes