[Cadence Protocol] GCCP - Chain Abstracted Perps Trading on gTrade v8

Archived GCGP-Bridge
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SECTION 1: APPLICATION OVERVIEW

Provide a brief summary of your application. This section should introduce the reader to your project, explaining its intentions, objectives, and scope.

  • Which category of integration is your project applying for: Trading Contracts

  • How many $ARB tokens are you applying for: 20k $ARB

  • Please provide a description of your project: Cadence Symphony is the first chain-abstracted perpetuals aggregator that enables a trader to execute any position across any chain at near-instant speed without the need to bridge assets, sign transactions, pay gas, understand chains, etc. This is made possible by our intent-based architecture, distributed solver network, and account abstraction tech stack that was created to combat liquidity fragmentation across DeFi and resolve the poor UX of today’s crypto processes.

  • How will you integrate gTrade and what benefit does it bring to your users: By integrating gTrade into our Symphony ecosystem, we can offer much more assets and the addition of the Arbitrum chain into the network to our users. This enables traders from any chain to interact and trade on gTrade all without the need to bridge over to any specific chain gTrade is on. Additionally, Cadence Symphony is able to shard positions across chains to bring more trades and volume to gTrade on Arbitrum, enabling larger trade sizes with minimal slippage. This brings gTrade more exposure and access to DeFi users across crypto while removing the barriers to entry to using gTrade and decentralized trading in general.

  • What are your plans for the requested grant and how does it bolster the gTrade integration:

    • Cadence plans to propose a grant of 20k $ARB, of which:
      • 10k $ARB will be used for integration, development, and infrastructure
        • Part of this is to fund our paymaster contracts to enable gasless transactions for users and funding the solvers to help create trades on gTrade.
        • The other part is to support our work building the decentralized infrastructure to make Symphony possible and onboard solvers by providing initial liquidity on Arbitrum to overcome the cold start issue.
      • 10k $ARB will be used to create marketing initiatives for community competitions
        • The competition (10k $ARB) will be used for a trading competition at Symphony launch for trades created on gTrade via Symphony. The competition will take place for 1 month and will reward the top 25 users by PnL:
          • Top 1: 2k $ARB
          • Top 2: 1.4k $ARB
          • Top 3: 1k $ARB
          • Top 4-10: 350 $ARB
          • Top 11-19: 250 $ARB
          • Top 20-25: 150 $ARB

  • Provide a timeline and set of milestones with expected ARB payout per:

    • Week 1: Start contract integration with gTrade
    • Week 2: Integrate Arb into Symphony (deploy solvers)
    • Week 3: Initiate first “open” transaction on gTrade with one asset (ETH)
      • Milestone 1: Full integration of gTrade on Arb. Expected Payout: 25% (5k $ARB), used for solver funding on Arb.
    • Week 4: Bring solver liquidity on Arbitrum and test
    • Week 5: Initiate both open, close, and edit functionality for transactions on gTrade
    • Week 6: Trade all other Assets from gTrade
    • Week 7: Display gTrade into Symphony UI
      • Milestone 2: gTrade is displayed on UI and positions are able to be both opened/closed, integrate all gain assets. Expected Payout: 25% (5k $ARB) used for solver funding for gasless transactions and solver liquidity.
    • Week 8: Variable position tracking
    • Week 9: Positions are able to shard to gTrade on Arbitrum from other chains
    • Week 10: Final Testing & Project Completion
      • Milestone 3: gTrade is successfully integrated into Symphony, Trading is enabled, and Solver(s) are deployed on Arbitrum. Expected Payout: 50% (10k $ARB) used for community competitions.

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SECTION 2: APPLICANT INFORMATION

Provide personal or organizational details, including the applicant’s name, contact information, and the name of any associated organization. This information ensures proper identification and communication throughout the grant process.

  • Applicant Name or Alias: Chopin

  • Project Name: Cadence Protocol

  • Project Description: Symphony by Cadence Protocol is the first chain abstracted perpetuals aggregator. It enables users to trade any asset from any chain on perpetual DEXs like gTrade and more all without the need to bridge assets, sign multiple transactions, and worry about wallets.

  • Team Members and Qualifications:

    • Vivaldi
      • Role: CEO
      • Experience: Ex-DeFi engineer at MetaMask and Consensys. Built DeFi aggregators such as MetaMask Swaps, on ramps, staking, bridging
      • Responsibilities: Team organization, operations, full stack development, investor relations, etc
    • Mozart
      • Role: CTO
      • Experience: Former blockchain engineer at Kraken Digital Asset Exchange, developed production-level smart contracts and DeFi systems that catered to millions of users
      • Responsibilities: Backend Engineering, cloud services, database organization, etc
    • Chopin
      • Role: CBO
      • Experience: Former spacecraft systems software engineer with startup experience creating autonomous systems for the world’s first commercial hypersonic aircraft
      • Responsibilities: Marketing, Strat, BD, front-end, community, partnerships, etc
    • Beethoven
      • Role: Smart Contract Lead
      • Experience: Ex-smart contract engineer at Axelar and Kraken, with expertise in general message passing and cross-chain communication
      • Responsibilities: Smart Contract development, account abstraction design, contract security, etc

  • Project Links:

  • Contact Information:

  • Are you currently a grant recipient in other $ARB incentive programs? (eg. STIP.B, LTIPP, an Arbitrum Incubator program or else: No

SECTION 3: GRANT DETAILS

Outline the requested grant amount, and provide an overview of the budget breakdown, specify the funding and contract addresses, and describe any matching funds if applicable. ****

  • Funding Address: 0xdb8a44358095014e9633DF209E917D2E31892EbB

  • Funding Address Details: Treasury Wallet, Multisig with 4 signers

  • Other Contract Addresses: N/A

SECTION 4: DATA & REPORTING

Please describe how your team will be able to provide data & reporting on the grant distribution.

  • Is your team prepared to provide Dune graphs and/or Dashboards for your incentive program?: Yes, we will provide dashboards and analytics as data is available. Symphony is not live yet so data in the beginning will be as available. Once Symphony is live we will have all of these dashboards and we are happy to provide all data available and will make several announcements regarding the analytics.

  • How does your team plan on posting bi-weekly program updates on the gTrade Network forum? Chopin will post every two weeks the development updates, milestone progresses, and technical documentation about what everything means in the forum for statuses.

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