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"Flowing into the Future: Revolutionizing DeFi with SeguraSafeSwap on Flow Blockchain" #239

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segurasafeswap opened this issue Dec 1, 2023 · 1 comment
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SeguraSafeSwap on Flow

Grant Category: Developer Tools / Services

Description:

SeguraSafeSwap is an innovative decentralized exchange (DEX) designed for the Flow blockchain, aiming to revolutionize the DeFi trading experience. It combines advanced trading features with a user-friendly interface, catering to both new and experienced traders. Our platform includes functionalities like limit orders, stop-loss orders, and algorithmic trading, all powered by Flow's high-performance infrastructure. This unique blend of simplicity and sophistication in DeFi trading not only bridges the gap between novice and expert users but also promotes wider adoption of blockchain technology and decentralized finance.

Problem statement:

The decentralized finance (DeFi) sector is rapidly evolving, yet many existing platforms lack user-friendly interfaces and advanced trading features. This gap hinders wider adoption, especially among users new to DeFi or those seeking more sophisticated trading tools.

  • Target Audience: DeFi developers and users on the Flow blockchain.
  • Evidence for Need: Lack of advanced, user-friendly DeFi trading platforms on Flow, limiting its potential and adoption among users and developers.

Proposed solution:

SeguraSafeSwap aims to address this by launching an advanced DeFi trading platform on the Flow blockchain. Our solution offers a seamless blend of user-friendly design and complex trading functionalities, including limit orders, stop-loss orders, and algorithmic trading options. By leveraging Flow's high-throughput and scalable infrastructure, SeguraSafeSwap will provide a robust and intuitive trading environment, enhancing accessibility and efficiency for both novice and experienced traders in the DeFi ecosystem.

Impact:

Significantly enhances the DeFi experience on Flow, encouraging developer innovation and increasing user engagement.

  • In what ways does this benefit the broader Flow developer ecosystem?
    SeguraSafeSwap's integration into the Flow ecosystem brings several benefits to Flow developers:

Enhanced DeFi Capabilities: Our platform introduces advanced DeFi functionalities, showcasing the versatility of the Flow blockchain for complex financial applications.

Increased Network Utilization: By attracting both novice and experienced traders, we increase the overall activity on the Flow blockchain, demonstrating its scalability and efficiency.

Tool Development and Open Source Contributions: Our development process involves creating new tools and solutions, which will be made available to the Flow developer community, fostering innovation and collaboration.

User Base Expansion: By simplifying DeFi trading, we help in expanding the user base of Flow, introducing new users to the ecosystem and its potential.

Feedback Loop for Improvement: Continuous interaction with the community provides valuable feedback, aiding in the refinement of Flow's infrastructure and capabilities based on real-world usage scenarios.

Milestones and funding

Milestone Deliverables Timeline Risks USD Proposal
MVP Development Development of the initial Smart Contract and 2 weeks Technical challenges $40,000
basic functionalities of the DEX
Platform Adoption Engaging 5 teams to use and test the project, 4 weeks User adoption rate $40,000
gathering feedback
Maintenance and Resolving issues, bug fixing, and updating based 3 months Finding and fixing $40,000
Updates on feedback unforeseen bugs

Total funding proposed: $120,000

This budget covers the essential phases of development, adoption, and maintenance, ensuring a smooth launch and reliable operation of the platform on the Flow blockchain.

Team

Brennen Segura Project Lead & Developer With over 8 years of experience in blockchain development, Brennen brings expertise in smart contract development and DeFi solutions. He has a track record of successful project management and development in the blockchain space. LinkedIn Profile

AI Assistant Smart Contract Developer An advanced AI developed by OpenAI, specialized in providing technical assistance, coding, and problem-solving in various programming languages and blockchain technologies. [Contact via Platform]

Additional Team Members Various Roles Post-funding, we plan to hire skilled professionals to enhance the project's capabilities in areas like frontend development, security, marketing, and community engagement. To be hired

#Additional Information:
https://github.com/segurasafeswap
https://drive.google.com/file/d/12olg1rC7RUXDIV1dtC6rOhZs7Ms49Ier/view?usp=sharing
https://drive.google.com/file/d/12vpu7QG8mvXoC8am8O6HIPzEiU91CZlm/view?usp=sharing

Brennen Segura
[email protected]
337-658-0254

@Aliserag
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Aliserag commented Dec 6, 2024

We appreciate your proposal. After careful review we've decided not to proceed at this time. Please stay connected to our Twitter and working groups to stay on top of the latest developments in the ecosystem and new grant opportunities.

@Aliserag Aliserag closed this as completed Dec 6, 2024
@github-project-automation github-project-automation bot moved this from New: In review to Closed (withdrawn or passed) in Grants Overview Dec 6, 2024
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