[Proposal setup] Proposal title

Please provide your proposal title

🇻🇳Pump.Cardano-DeFi Token Launchpad with Hydra Integration

[Proposal Summary] Budget Information

Enter the amount of funding you are requesting in ADA

198000

[Proposal Summary] Time

Please specify how many months you expect your project to last

12

[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 lacks an instant token launchpad. Issuing new tokens is slow, expensive, and requires manual liquidity provision, slowing down DeFi growth on Cardano.

[Proposal Summary] Supporting Documentation

Supporting links

• https://pumpcardano.vercel.app/
,
• https://docs.google.com/document/d/1iKmhRhB6vDtlnER_yrBHs6x3uEoSX4O8hT6gB3fxHs4/edit?usp=share_link
,
• https://www.figma.com/design/1J7I818PZVsXUPzRj8p9rz/PumpCardano?node-id=0-1&t=3G8WBjatY8EmSmrD-1
,
• https://drive.google.com/drive/folders/1XzyMbE32IdgqLVYiMCAXTuHn1nFEWEc3?usp=sharing

[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 project operates with two key technical dependencies. Primarily, the platform is built on top of IOG’s Hydra Head protocol, meaning our "Hydra Operator" relies directly on the stability and API structure of the hydra-node; we mitigate this risk by closely aligning with the Hydra roadmap and maintaining active communication with the developer community to ensure our infrastructure remains compatible with the latest node versions. Secondarily, our "Auto-listing" feature interacts with specific DEX smart contracts (e.g., Minswap V2) for liquidity pool creation. To manage this, we employ a modular architecture for the "Liquidity Migrator" bot, which allows us to swiftly update integration logic or switch to alternative DEXs like SundaeSwap or Spectrum should the primary DEX become unavailable or modify its contracts.

[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.

License: Proprietary (Closed Source). Rationale: Security: Keeping core logic closed prevents malicious actors from forking the code to create scam/rug-pull platforms, protecting user funds. Sustainability: Retaining IP enables a viable business model, ensuring resources for long-term maintenance without relying solely on grants. Transparency: Public APIs and on-chain data will remain fully verifiable.

[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).

• Cardano currently lacks an instant token launchpad. Creating new tokens is slow, expensive, and requires manual liquidity provision - limiting how fast DeFi projects and stablecoin markets can grow on Cardano.
• Pump.Cardano reimagines the “Automated instant launch” bonding-curve model (popularized by Pump.fun on Solana) within Cardano’s unique UTXO architecture. By integrating Hydra Heads, it enables ultra-fast token trading and instant liquidity generation that was previously impossible on Cardano L1 alone.
• All trades occur off-chain at Hydra speed and near-zero cost, while the final settlement and liquidity creation happen securely on Cardano L1.
• Once the total liquidity in a bonding curve reaches a predefined threshold, the system automatically lists the token on DEXs (e.g., Minswap, SundaeSwap) - eliminating the need for manual pool creation or coordination.
• What makes Pump.Cardano innovative is its unique integration of Hydra into practical DeFi operations.
• While previous projects explored Hydra for payments or small-scale experiments, we are the first to design a fully automated L2–L1 liquidity pipeline, using our proprietary “Aggregate + Batching” settlement model.
• This approach not only overcomes L1 fan-out and transaction-size limits but also demonstrates how Hydra can power real, scalable DeFi applications.
• Pump.Cardano is more than a token launchpad - it is a new foundation for instant, automated liquidity on Cardano, bridging Hydra’s off-chain speed with on-chain finality.

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

Our MVP (completed at Milestone 4) will be a fully functional web application on Testnet. It will demonstrate the entire core flow:

• Users will be able to create a new token (with One-shot mint policy) through the UI.
• Users will be able to trade (buy/sell) that token instantly within the platform. Also through Hydra Head the transaction speed is always fast.
• Users will be able to observe the system automatically detecting the liquidity threshold, closing the Head, and automatically listing the token to a DEX on Testnet (e.g. Minswap).

The MVP will be publicly accessible through a web URL and we will provide testnet for the community to experience.

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

The success of this concept project will be measured by specific technical metrics:

1. On-chain KPIs

• Number of new policy IDs minted via Pump.Cardano: ≥ 15 during the testing period (6 months after project launch). Each Policy ID corresponds to a complete token launch campaign (mint → trade → auto-list).
• Number of liquidity pools automatically created on DEX testnet (e.g. Minswap, SundaeSwap): ≥ 10 pools (6 months after project launch). Demonstrates the ability to integrate DEX and operate the Close + Aggregate model.
• Number of on-chain close/settle transactions to L1 generated from Hydra Head: ≥ 20 transactions after project launch 6 months (each campaign generates at least one close transaction and one add-liquidity tx).

1. Off-chain KPIs

• Throughput TPS: achieve an average of ≥ 50 TPS consistently and a peak of ≥ 150 TPS in stress testing. Demonstrate Hydra Head's scalability and low latency when applied in a DeFi environment.
• Number of transactions processed inside Head per campaign: ≥ 1000 trades. Validate bonding-curve logic is working properly and stably in real-world conditions.

[Your Project and Solution] Solution

Please describe your proposed solution and how it addresses the problem

The Problem: The "Velocity Gap" in Cardano DeFi

While Cardano boasts superior security and determinism, its DeFi ecosystem suffers from a critical "Velocity Gap" compared to chains like Solana or Base.

• The "UTxO Contention" Barrier: The extended-UTxO model acts as a bottleneck for high-frequency trading. If a viral token launch attracts 1,000 concurrent buyers on Layer 1, the vast majority will face transaction failures due to input contention. This makes the viral "Pump.fun" model technically impossible on Cardano L1 today.
• The "Liquidity Fragmentation" Issue: Creating a token is easy (Native Assets), but creating a market for it is hard. New projects face a manual, expensive, and disjointed process: Minting → Crowdfunding → Manual Pool Creation. This friction kills momentum ("FOMO") before it even starts.
• Lack of Speculative Infrastructure: Statistics show that retail volume flows to where the UX is fastest. Cardano currently lacks an infrastructure layer that enables "One-Click Launch & Trade" with instant finality, causing users and liquidity to migrate to faster chains.

The Solution: Pump.Cardano - The DeFi Token Launchpad with Hydra Integration

Our solution is not just a dApp; it is an end-to-end automated infrastructure called Pump.Cardano. It leverages Hydra Head (Layer 2) to bypass L1 limitations, delivering a trading experience that is mathematically impossible on the main chain alone.

We assert unequivocally: Pump.Cardano is a category-defining project with no precedent in the ecosystem.

While others have theorized about Hydra, we are the first to engineer a fully automated L2–L1 liquidity pipeline. Pump.Cardano reimagines the viral "Instant Launch" model but rebuilt specifically for Cardano through three groundbreaking innovations:

• Solving the "UTxO Contention" Bottleneck (The Zero-Latency Experience): By integrating Hydra Heads, we move the intense trading activity off-chain. This enables zero-gas, instant-finality trading identical to CEX speeds, while retaining the security of Cardano L1 for final settlement. This makes the "impossible" on L1, effortless on L2.
• Proprietary "Aggregate + Batching" Settlement Model: The biggest challenge with Hydra is closing the Head with thousands of users. We have developed a proprietary "Aggregate + Batching" logic. Instead of flooding L1 with thousands of individual transactions, our system intelligently batches user states and settles them into a secure Aggregator Script. This solves the scalability issues that have previously stalled real-world Hydra adoption.
• Automated Liquidity Injection (The "End-to-End" Pipeline): Previous Hydra experiments were isolated payments. We connect the loop. Once a token graduates the bonding curve, our system triggers an automated workflow that separates liquidity and facilitates instant listing on DEXs (e.g., Minswap). We replace manual coordination with smart contract autonomy.

Architecture overview

The system consists of four main layers:

1. Frontend: Intuitive web application that allows users to create, buy, and sell tokens with just a few taps.

2. Backend services: Manage users, coordinate transactions, and integrate core components:

• Hydra operator: Manages the lifecycle of Hydra Heads.
• Aggregator service: Monitors Heads and automatically creates liquidity pools when thresholds are reached.

3. Hydra Head (L2): Off-chain ledger that enables hundreds of transactions per second with near-zero fees.

4. Cardano (L1): Payment and trust layer, storing smart contracts, transaction results, and eventual DEX pools.

Link:(https://www.figma.com/board/h1AC9t2PiUewI5MfgkZOCv/SystemArchitechtureDiagram-Pump.Cardano?t=fTqe7gM1lykVtzSw-1 )

Technical flow

1. Creation (L1):

Users create tokens via the interface. Backend sends L1 transaction to mint the total token supply using parameterized one-shot policy (UTxO), ensuring uniqueness and security.

2. Commitment (L1 → L2):

The Hydra operator opens a new Hydra Head and commits the UTxO containing the newly minted token.

Buyers participating in the creation will commit their ADA UTxO to the same Head.

3. Transactions (L2 - off-chain):

All buy/sell transactions happen instantly inside the Hydra Head.

Transactions are signed and confirmed off-chain based on bonding curve logic, allowing for hundreds of TPS with near-zero fees - providing an “instant” experience.

4. Settlement (L2 → L1):

The Aggregation Service tracks the Head status.

When the total ADA in the bonding curve reaches a threshold (e.g. 10,000 ₳), the service initiates the Head closing process.

5. Auto-listing (L1): Applying a two-step closing + aggregation model:

• Step 1: Head Closing: L1 transaction distributes a portion of ADA to the creator and transfers the majority of tokens + ADA (liquidity) to the Aggregator contract address.
• Step 2: LP Creation: Aggregator sends a second L1 transaction calling the target DEX (e.g. Minswap) to create an official liquidity pool.

Goal achieved from solution

• Extremely high speed off-chain (Hydra).
• Security and final settlement on-chain (Cardano L1).
• The ability to launch tokens and create liquidity automatically, which was previously impossible with L1 alone.

This opens up a new path for decentralized, bootstrapped, and resilient DeFi on Cardano.

[Your Project and Solution] Impact

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

Pump.Cardano will have a direct, measurable and long-term impact on the Cardano ecosystem by filling the gap in instant token creation and automated liquidity bootstrap. The solution will not only increase DeFi activity (TVL, volume, number of pools) but also demonstrate a reusable L2→L1 design pattern for many other DeFi applications.

Benefits for the Cardano ecosystem

1. Accelerate DeFi development and stablecoin liquidity

• Reduce technical barriers & costs to create markets for new tokens → more projects dare to experiment and deploy.
• Direct liquidity to stablecoin pairs (e.g. DJED/USDA) through routing & auto-listing features, supporting the goal of increasing stablecoin liquidity - a key factor for developing lending/borrowing and complex DeFi applications.

2. Promoting Hydra’s real-world applications

• Demonstrating that Hydra is not only suitable for micro-payments but can also handle complex DeFi processes (bonding curve, mass settlement) with high throughput and low cost.
• Setting a precedent (blueprint) for other projects to apply the L2–L1 Close + Aggregate model.

3.Increasing meaningful on-chain transactions

• Although buy/sell transactions take place off-chain in Head, each launch will lead to valuable on-chain transactions: minting policy, close settlement, add-liquidity txs → directly contributing to TVL and L1 trading activity.

KPIs - quantitative & target period (12 months)

1. On-chain KPIs

• Number of new policy IDs minted via Pump.Cardan: ≥ 15 during the testing period (6 months after project launch). Each Policy ID corresponds to a complete token launch campaign (mint → trade → auto-list).
• Number of liquidity pools automatically created on DEX testnet (e.g. Minswap, SundaeSwap): ≥ 10 pools (6 months after project launch). Demonstrates the ability to integrate DEX and operate the Close + Aggregate model.
• Number of on-chain close/settle transactions to L1 generated from Hydra Head: ≥ 20 transactions after project launch 6 months (each campaign generates at least one close transaction and one add-liquidity tx).

2. Off-chain KPIs

• Throughput TPS: achieve an average of ≥ 50 TPS consistently and a peak of ≥ 150 TPS in stress testing. Demonstrate Hydra Head's scalability and low latency when applied in a DeFi environment.
• Number of transactions processed inside Head per campaign: ≥ 1000 trades. Validate bonding-curve logic is working properly and stably in real-world conditions.

Community & adoption KPIs

• Number of unique users (creators + traders) participating in testnet testing: ≥ 100 users after project launch 6 months. Including token creators, traders, and technical feedback contributors.
• Community feedback & NPS: Implement a user survey, collect user experience evaluations on speed, cost, and transparency when transacting via Pump.Cardano.

Sharing results with the community

We will share project outcomes with the community through the following channels:

• Public KPI Dashboard via website final: Real-time or periodic dashboards.
• Progress reporting via PoA (Proof of Achievement) throughout the project implementation.
• Publishing updates on social media on X.
• Participating in Cardano events/conferences to present and gather feedback.

[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?

Our team is composed of seasoned developers and blockchain educators with a strong background in AI, Cardano, and decentralized technology. We have consistently secured funding from multiple Catalyst rounds, demonstrating our ability to execute innovative projects within the Cardano ecosystem. Some of our notable projects include:

• The Moderntensor project won 1st prize in the Cardano Blockchain Hackathon 2025.

• Top 5 student tracks at the VIETNAM APTOS HACKATHON competition at GMVN 2025.

• Team won first prize in the student track at the SOLANA CONSUMER HACK 13 competition.

Our project funded:

Fund 10 Funded Project: "🇻🇳 Vietnam Cardano Catalyst - NFT Exchange testing and development environment helps young people approach with the Web3.0 platform" (Link: https://projectcatalyst.io/funds/10/startups-and-onboarding-for-students/vietnam-cardano-catalyst-nft-exchange-testing-and-development-environment-helps-young-people-approach-with-the-web30-platform)

Fund 11 Funded Projects:

• "Dualtarget for ADA-Holders (Staking and increasing assets) with a decentralized automated trading bot" (Link: https://projectcatalyst.io/funds/11/cardano-use-cases-concept/dualtarget-for-ada-holders-staking-and-increasing-assets-with-a-decentralized-automated-trading-bot)
• "🇻🇳 The Complete Aiken Course Cardano: From Zero to Expert!" (Link: https://projectcatalyst.io/funds/11/cardano-open-ecosystem/the-complete-aiken-course-cardano-from-zero-to-expert)

Fund 12 Funded Project: "Open source dynamic assets (Token/NFT) generator (CIP68)" (Link: https://projectcatalyst.io/funds/12/cardano-use-cases-concept/open-source-dynamic-assets-tokennft-generator-cip68)

Fund 13 Funded Project: “[BUTC] Fueling Growth: Cardano Hackathons to Inspire Startup Success” (Link: https://projectcatalyst.io/funds/13/cardano-open-ecosystem/butc-fueling-growth-cardano-hackathons-to-inspire-startup-success)

Fund 14 Funded Project: “PyCardano: The Ultimate Course for Python and AI Developers” (Link: https://projectcatalyst.io/funds/14/cardano-open-ecosystem/pycardano-the-ultimate-course-for-python-and-ai-developers)

These achievements not only provide a solid foundation for the current proposal but also affirm our capacity to effectively manage funded initiatives and deliver tangible value to the Cardano ecosystem.

Comprehensive blockchain expertise

Our team possesses deep knowledge and practical experience in blockchain development, AI, and decentralized solutions. Beyond project execution, we have contributed to Cardano through practical implementations and recognized research, such as:

Article 1: "Students Scientific Research with Cardano Blockchain" (Link https://www.cardano2vn.io/docs/Cardano4uni/sv-dh-gtvt-gckh?fbclid=IwZXh0bgNhZW0CMTAAAR3-8Gf6y_sw09Jd0_AgSkPkxrbT39Cvu6zqZbayocyBB52gE5KuJgPdLW8_aem_AQBvI88c6QxKNn_OQgj8hLlWx4q4FuI0BvlZhwpvZy-sJALUw-JL9huzrCkZcDh5G_TTsACALky2A27Jb-fa2yhc)

Article 2: "Students Scientific Research with Cardano Blockchain" (https://uba.edu.vn/sinh-vien-nghien-cuu-khoa-hoc-voi-blockchain-cardano/))

Article 3: "Scientific research results of students of the University of Transport and Communications 2024" (https://forum.cardano.org/t/k-t-qua-nghien-c-u-khoa-h-c-c-a-sinh-vien-tr-ng-d-i-h-c-giao-thong-v-n-t-i-2024/131620)

Article 4: "Cardano Blockchain Hackathon Vietnam 2024”

This blend of technical skill and active engagement in the Cardano community equips us with the competence and vision to successfully execute this project. (https://forum.cardano.org/t/cardano-blockchain-hackathon-vietnam-2024-22-9-2024-recap/136286)

[Milestones] Project Milestones

Milestone Title

L1 smart contracts: One-shot mint policy & bonding curve

Milestone Outputs

1.Development and internal testing of the One-shot minting policy. This is a UTxO-parameterized Plutus script ensuring each "launchpad" can only mint tokens once, preventing inflation/rug-pulls.

2.Development and internal testing of the Bonding Curve Validator (v1). This contract manages the buying/selling logic (price & reserves) on L1 before Hydragraph state injection and during final settlement.

3.Deployment of compiled scripts to the Cardano Pre-production Testnet.

Acceptance Criteria

1.The Minting Policy successfully rejects any minting attempt if the specific "authority" UTxO is consumed or missing.

2.The Bonding Curve Validator correctly enforces the mathematical logic (e.g., price increases as supply decreases) in a simulated L1 transaction.

3.Testnet transactions demonstrate successful interaction with both scripts.

Evidence of Completion

1.Live on-chain data: A document listing Policy IDs and Script Addresses deployed on the Pre-prod Testnet, searchable via Cardanoscan/Cexplorer.

2.Transaction hashes: A list of transaction hashes proving successful minting and validator interaction on Testnet.

3.Video demo: A technical walkthrough video showing the CLI/script interaction, verifying that unauthorized minting attempts fail (negative testing).

4.Restricted repo access: Invitation for Catalyst Milestone Reviewers to view the private GitHub repository to verify codebase existence and activity.

Delivery Month

3

Cost

37400

Progress

20 %

Milestone Title

Backend & Hydra Operator (MVP)

Milestone Outputs

1.Development of the backend API: A RESTful API service to manage user sessions, handle launchpad creation requests, and route incoming trade orders to the Hydra Operator.

2.Development of the Hydra Operator core: A middleware service that orchestrates the hydra-node. Key functionalities include:

• Head initialization: Automating the setup of a Hydra Head container.
• Asset committal: Constructing and submitting the L1 transaction to move the Token UTxO (from Milestone 1) into the Hydra Head.
• Snapshot Management: Processing off-chain buy/sell logic and maintaining the latest confirmed Snapshot state without broadcasting to L1 (ensuring zero-latency).

3.Development of the internal operator dashboard: A web-based Admin Panel (not public user UI) to visualize the internal state of the Hydra Head. Features include:

• Status Monitor: Visual indicator of the Head lifecycle (Idle -> Initializing -> Open).
• Live transaction Feed: Real-time log of off-chain transactions processed via WebSockets.
• Snapshot viewer: Display of the current Snapshot Number and updated Bonding Curve reserves.

Acceptance Criteria

1.API Functionality: The Backend API successfully receives a "Create Launchpad" request and triggers the Hydra Operator to start a new Node instance.

2.Hydra Operator core:

• On-chain Committal: The Hydra Operator successfully submits a "Commit" transaction on the Cardano Testnet, locking the initial assets into the Head script.
• Off-chain State Logic: The Snapshot Viewer accurately reflects the changes in token reserves and price after a series of buy/sell orders, verifying that the bonding curve math is working correctly off-chain.

3.Real-time Dashboard UI: The Operator Dashboard updates the "Live Transaction Feed" and "Snapshot Number" in real-time (< 2 seconds) via WebSockets when a test transaction is triggered, without requiring a page refresh.

Evidence of Completion

1.API Documentation: Public link to Swagger/OpenAPI documentation describing the backend endpoints and data models.

2.On-chain Proof: Transaction Hash of the successful Commit transaction on the Cardano Pre-production Testnet (proving funds were moved to Layer 2).

3.Demo UI Video: the internal operator dashboard: A web-based Admin Panel (not public user UI) to visualize the internal state of the Hydra Head.

Delivery Month

5

Cost

41910

Progress

40 %

Milestone Title

L1 Settlement Logic: The "Aggregator & Batching" Model

Milestone Outputs

1. Implementation of Head Closure Logic: Upgrade Hydra Operator to handle "Close" transactions.
2. Development of the Aggregator Validator (Smart Contract): This script acts as a temporary vault. It is programmed to:
   • Receive assets from the Hydra Head Fan-out.
   • Store user balances in the UTxO Datum (using a Linked List or Batching structure to handle data size limits).
   • Allow users (or bots) to withdraw tokens based on the recorded Datum.
3. Development of the Settlement Bot: An off-chain worker that monitors the Head state. Upon closure, it calculates the optimal "Fan-out" strategy (splitting the state into multiple UTxOs if the user count exceeds the 16KB limit) to prevent transaction failure.

Acceptance Criteria

1. Successful Fan-out: The Hydra Operator triggers a Close. The Settlement Bot successfully constructs a transaction depositing assets into the Aggregator Script addresses.
2. Batching Verification: If the test scenario involves a large number of simulated users (e.g., >200), the system correctly splits the settlement into multiple UTxOs/Transactions instead of failing with a "Size Limit" error.
3. Data Accuracy: The total sum of tokens across all Aggregator UTxOs matches exactly the total supply inside the Hydra Head before closing.

Evidence of Completion

1. On-chain Verification: Transaction Hashes of the "Fan-out" process on Pre-prod Testnet.

2. Stress Test Report: A document showing a stress test where the Head closes with a high volume of internal addresses, proving the "Batching" logic works.

3. Explorer Links: Links to the Aggregator Script address showing the assets held in custody.

Delivery Month

8

Cost

41250

Progress

60 %

Milestone Title

DEX Integration & Public Testnet Launch

Milestone Outputs

1.Development of Liquidity Migrator Service (Backend):

• An off-chain service designed to monitor the Head Closure events.
• Logic to identify the specific UTxO (or batch of funds) designated for Liquidity.
• Automated construction and submission of transactions to interact with Minswap V2 (or similar DEX) testnet contracts, creating a new Liquidity Pool/Pair for the graduated token.

2.Release of public dApp (Core UI): A functional web interface focusing on the essential user journey, connected to the Hydra Backend:

• Token launch form: A standardized input interface allowing users to define token name, ticker, and supply, then triggering the L1 transaction to initialize a new Launchpad (Hydra Head).
• Basic swap interface: A trading panel where users can view the current price and Bonding Curve progress. Users can input ADA amounts to execute "Buy" or "Sell" orders directly against the active Hydra Head.
• Claim Manager (Withdrawal UI): A dedicated interface for the "Settlement" phase. It connects to the user's wallet, queries the Aggregator Script to find the specific UTxO/Batch containing their assets, and provides a "Claim Tokens" button. This button constructs the necessary L1 transaction (Pull model) for the user to sign and retrieve their funds.

3.Public testnet deployment: Full deployment of the backend (Hydra Node, Migrator) and frontend (dApp) to the Cardano Pre-production testnet.

Acceptance Criteria

1.Development of Liquidity Migrator Service (Backend):

• Automation: The service automatically detects when a Head is closed on-chain without manual triggering.
• Successful listing: The service successfully constructs and submits a transaction that consumes the "Liquidity UTxO" from the Aggregator and produces a valid Liquidity Pool NFT/Token on the target DEX (Minswap Testnet).

2.Release of public dApp (Core UI):

• Interactive Launch: The "Launch Form" successfully prompts the user's wallet (e.g., Lace, Eternl) to sign the initialization transaction, resulting in a new Hydra Head ID.
• Real-time Trading: The "Swap Interface" accurately reflects the Bonding Curve status; when a "Buy" order is executed, the progress bar/price updates immediately.
• Functional Claiming: The "Claim Tokens" button correctly identifies the user's share within the Aggregator Script (even if batched) and generates a valid transaction that, when signed, results in tokens arriving in the user's wallet.

3.Public testnet deployment: Full deployment of the backend (Hydra Node, Migrator) and frontend (dApp) to the Cardano Pre-production Testnet(Users can experience features from creating launch tokens, buy/sell, claim).

Evidence of Completion

1.Development of liquidity migrator service (Backend):

• DEX explorer link: A direct URL to the specific liquidity pool created on the Minswap testnet explorer (or Cardanoscan), proving the bot successfully performed the listing.

2.Link to Release of Public dApp (Core UI with the components described in the output

3.Public Testnet Deployment:

• Live Testnet URL: The clickable link to the visit platform for Milestone Reviewers to verify access and functionality personally.
• End-to-End Demo Video: A screen recording demonstrating the full Core User Journey include filling the launch form & Signing. Placing a Buy Order & seeing the update. Wait for Closure -> Clicking "Claim Tokens" -> Showing the wallet balance increase.

Delivery Month

10

Cost

42900

Progress

80 %

Milestone Title

Production Readiness & Mainnet Launch

Milestone Outputs

1.Mainnet infrastructure configuration: Finalize the configuration and deploy Off-chain services (Hydra Operator, Aggregator Service/Liquidity Bot) to the live server environment, connected to the Cardano Mainnet network.

2.Internal E2E testing & stabilization: Perform internal end-to-end testing on the Mainnet environment (or Pre-prod identical to Mainnet) to review the data flow and fix any errors before public release.

3.Mainnet launch v1.0: Release the official dApp version (v1.0) running on Cardano Mainnet, allowing users to access publicly.

4.Close-out Report & Video: Documentation summarizing the project and video introducing the final product.

Acceptance Criteria

1.Infrastructure connectivity: Off-chain services (Hydra Node, Aggregator) successfully started on the server, no connection errors with Cardano Mainnet Node.

2.Resolved critical issues: Critical bugs affecting fund safety discovered during internal testing have been fixed. (Not 100% guaranteed to cover minor bugs, only critical bugs).

3.Functional mainnet release: The dApp is accessible via a public web link. Users can connect to real wallets and perform core functions: Initialize, Swap, and Claim.

4.Submission completeness: Submit complete video and summary report to the Catalyst system on time.

Evidence of Completion

1.Server log screenshots: Images showing the terminal logs where the Hydra Node is active and fully synced with Mainnet.

2.Test & fix report: A concise PDF document listing the executed test scenarios and a log of the critical bugs that were fixed during the stabilization phase.

Live Mainnet URL: The clickable link to the running application on Mainnet.

3.Proof of life (Transaction Hashes): List of Transaction Hashes on the Mainnet proving that the system has run a full cycle (at least 1 successful), including:

• Head initialization Tx.
• Commit deposit Tx.
• Swap transaction(buy/sell token) Tx.
• Fan-out Tx.
• Claim user withdrawal Tx.

4.Close-out report and video links: Public link to the PDF Report file and YouTube Video.

Delivery Month

12

Cost

34540

Progress

100 %

[Final Pitch] Budget & Costs

Please provide a cost breakdown of the proposed work and resources

Milestone 1: L1 smart contracts: one-shot mint policy & bonding curve (3 months)

Total milestone: 37,400 ₳(18.88%)

• Develop one-shot minting policy (tier 3): 18,700 ₳
• Develop bonding curve validator v1 (L1 logic) (Tier 3): 18,700 ₳

Milestone 2: Backend & hydra operator (MVP) (2 months)

Total milestone: 41,910 ₳(21.16%)

• Develop launchpad management backend (API) (tier 2): 8,910 ₳
• Develop Hydra operator (open, commit, off-chain TXs) (tier 3): 27,720 ₳
• Build demo UI (minimum) (Tier 2): 5,280 ₳

Milestone 3: L1 settlement logic: the "close + aggregator" model (3 months)

Total milestone: 41,250 ₳(20.83%)

• Close head process logic development (tier 3): 6,600 ₳
• Aggregator script development (on-chain contract) (tier 3): 19,250 ₳
• Aggregator service v1 development (off-chain bot) (tier 2): 15,400 ₳

Milestone 4: DEX integration, UI & testnet launch (2 months)

Total milestone: 42,900 ₳(22.22%)

• Update aggregator service ("add liquidity" DEX logic) (tier 2): 19,800 ₳
• Deploy public testnet (DevOps, support) (tier 2): 6,600 ₳
• Provide complete dApp (UI) (Production UI) (tier 2): 13,200 ₳
• Testnet infrastructure (servers, nodes, faucets) (fixed cost): 3,300 ₳

Milestone 5: Production readiness & Mainnet launch (2 months)

Total milestone: 34,540 ₳(16.88%)

• Security testing (Fixed Cost): 8,800 ₳
• Mainnet infrastructure (servers, nodes, Tx bot fee) (fixed cost): 5,665 ₳
• Optimization & bug fixing (from testing) (tier 3): 9,075 ₳
• Mainnet deployment (DevOps) (tier 2): 4,400 ₳
• Technical documentation & project closure report/video (tier 1): 6,600 ₳

TOTAL FOR THE WHOLE PROJECT: 198,000 ₳ (Price ADA/USD~0.41)

Link chi tiết: https://docs.google.com/spreadsheets/d/1zQw2XfFsO_MK-vt0aHU_sr2smEyw6fx0nlu8P6O5doE/edit?usp=sharing

[Final Pitch] Value for Money

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

With a budget of ₳180,000 allocated over a 12-month roadmap for development and Mainnet operations, Pump.Cardano delivers exceptional value to Cardano through transparent financial efficiency and real economic impact.

We demonstrate value through three key pillars:

1. Extreme capital efficiency

At the current exchange rate (~$0.41/ADA), the total project budget is approximately $81,180.

Cost Analysis: When distributed over the 12-month duration, the average operational cost is only ~$6,765/month for team.

Market Comparison: This represents a "Bootstrap budget" to sustain a Full-stack Blockchain engineering team (proficient in Aiken, Hydra Node management) alongside production-grade infrastructure costs. This figure proves the team's long-term commitment to the ecosystem, accepting below-market compensation to build a viable, real-world product.

2. Economic driver for the ecosystem

Instead of merely providing source code (which is often forked to create low-quality copies), HydraLaunch operates as a Liquidity Engine for the entire ecosystem:

Direct Impact: Our "Auto-listing" model will continuously generate new Liquidity Pools on Cardano DEXs (such as Minswap, SundaeSwap).

Shared Benefits: We do not hoard liquidity. The success of HydraLaunch directly translates to increased volume and trading Fees for partner DEXs and community Liquidity Providers.

3. Commercial viability of hydra

Pump.Cardano answers the critical question: "Can Hydra be commercially viable?"

We are building a proprietary product to prove that Hydra is robust enough to handle complex DeFi models (High-frequency trading) with a smooth, Web2-like user experience.

The project's success will attract new capital and users to Cardano due to the "Zero-latency" trading experience, elevating Cardano's competitive position against Ethereum L2s or Solana.

Conclusion

This funding is not merely an expense but strategic seed capital to bootstrap a genuine DeFi Business on Cardano. We are committed to converting ₳180,000 into a sustainable infrastructure capable of generating millions of ADA in future trading volume and liquidity for the ecosystem.

[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