RAY Swap
Problem
Cardano ecosystem needs more competitive AMM exchange tools.
Solution
Adaptation of the Uniswap smart contracts (which is distributed under the GNU license) for the Plutus platform.
Total to date
This is the total amount allocated to RAY Swap.
About this idea
RAY SWAP BRIEF
To create competitive DeFi exchange mechanics, we reverse-engineer the Uniswap protocol, which provides better exchange performance.
Our goal is to make a token exchange section in the RAY Wallet with the following functionality:
- Token Swaps & Programmable Liquidity Pools Smart Contracts
- User Interface
- Javascript SDK (cardano-graphql implemented)
- Javascript SDK Documentation
SMART CONTRACTS
Factory / Pairs / Routes smart contracts adapted to the Cardano EUTXO model.
JAVASCRIPT SDK
This SDK will help developers build on top of RAY Swap. It's designed to run in any environment that can execute javascript. Transparent and consistent methods for creating transactions within RAY Swap smart contracts.
MVP (DEMO)
TEAM EXPERTISE
Team lead: https://www.linkedin.com/in/nicktabolich/.
We are a small team of javascript developers, doing full-cycle integration of various web systems for clients from all over the world. We are also developing our own product - https://visualbuilder.cloud.
We've been experimenting with the Plutus Platform for a few months now, and we also participate in the Plutus Pioneer Program. We are also actively developing a multifunctional wallet for Cardano - RAY Wallet.
There are currently two developers working on the project and we are looking for funding to expand the team.
HOW PROPOSAL IMPACTS THE CHALLENGE
Will allow Cardano users to be part of the DeFi Swap revolution with current trading volume of ~$2 billion per day (* coinmarketcap stats).
ADDRESS THE CHALLENGE QUESTION
Develop a smart contract and javascript SDK, write documentation, create a user interface on top of the RAY wallet.
DEFINITION OF SUCCESS
- 3 month: testnet public release
- 6 month: smart contracts have been audited & mainnet public release
- 12 month: 100,000,000$ daily trading volume
BUDGET REQUIREMENTS
- Total hours: ~1250 hours * 40$/h
- Devs: 3 (or more) developers
- Project timeline: ~4 months (depends on the release dates of Plutus)
PUBLIC LAUNCH DATE
- Q3-Q4 2021
WIP & UPDATES
50000Team
We are a software development company (web development) with extensive experience in developing javascript applications.
