[APPROVED] Grant Application for Superhero DEX #2

keno.chain · March 19, 2024, 4:43pm

Application Status

Status: Approved
Last updated: 26.03.2024
Submitted by: Keno Dressel
Team: Unit 214 GmbH
Volume: €40.000

Specify the funding category

Open Source Development, and Community Growth.

Application Title

Blockchain Development and Superhero DEX, in particular but not limited to an info dashboard similar to https://v2.info.uniswap.org/

Applicant

The Applicant has been a vibrant participant in the crypto community since its inception, actively contributing to a multitude of open-source crypto projects. The Applicant’s engagement spans from direct development contributions to offering support and resources, underscoring its commitment to fostering innovation and growth within the cryptocurrency sector. Through its collaborative efforts and expertise, the Applicant has played a pivotal role in advancing the capabilities and reach of various crypto technologies, demonstrating a steadfast dedication to enhancing the open-source crypto landscape. This involvement not only highlights Applicant’s expertise in blockchain technology but also its contribution to the broader community, promoting a more decentralised and open digital future.

Value Application

This grant commitment is designed to support the Applicant’s development of open source projects in the crypto technologies and blockchain space with €40,000. In particular the enhancement of Superhero DEX, the first decentralised exchange on the Aeternity blockchain with a focus on an analytics dashboard similar to https://v2.info.uniswap.org/. These enhancements aim to modernise Superhero DEX, significantly improving its functionality, user experience, and overall value within the Aeternity ecosystem and the broader decentralised finance community. The grant contributes to the platform’s long-term sustainability and success.

Publishment

At the end of the grant period, produce a release of the source code that is published under the ISC Open Source License within the unit 214 GitHub organisation space at www.github.com/unit214.

Maintenance

Following the grant’s conclusion, the Grantee will offer up to one year of bug maintenance, contingent on securing future grant funding for these fixes.

Notes

The grant is awarded based on a project proposal developed by the Applicant. The funding provided by the Foundation is intended to support the development and execution of this project, with the aim of achieving specific outcomes as outlined in our proposal. The funds provided under this grant are not a remuneration for services rendered. Instead, they are allocated to support the activities and objectives of the Applicant as detailed in the project proposal. This funding is crucial for facilitating our efforts in enhancing the Superhero DEX and contributing to the broader goals of the Aeternity ecosystem. It is understood that achieving these specific outcomes is aspirational and not a contractual obligation. This grant emphasises progress and innovation over the completion of predetermined deliverables, allowing for adaptability and exploration in the project’s execution.

AE_UP · March 20, 2024, 7:44am

ould like to ask, will our exchange consider adopting the Uniswap V3 model in the future?

keno.chain · March 20, 2024, 9:06am

Hey @AE_UP,

some work has been done already to faciliate this: https://github.com/aeternity/dex-contracts-v3-abandoned but has not been continued. If you are looking to build something like Uniswap V3 I suggest you apply for a grant and take a look at the contracts

We will focus our efforts on building the dashboard because we think that this will supply value to the eco system as we currently do not have anything similar.

aeternity_Foundation · March 22, 2024, 9:55am

Exciting update – the “Blockchain Development and Superhero DEX” project has just been approved! the team is set to enhance Superhero DEX and work on a new analytics dashboard.

A huge shoutout to the team for their hard work!

Keep an eye out for more updates!

AE_UP · March 22, 2024, 1:53pm

Thank you very much for your contributions. We currently do not have the capability, but we will continue to pay attention to this matter in the future.

YaniUnchained · March 25, 2024, 10:34am

Find it very confusing that you guys are calling this DEX also Superhero.

TigerC · March 28, 2024, 2:25am

Can you help me ask what the reasons for the approval of this project are?
This is a project that looks useful. XD
But it’s probably useless.

keno.chain · June 24, 2024, 10:56am

We wanted to share a quick update on what we have been working on over the past few months.

As mentioned above, we are looking to implement a DEX analytics dashboard to display information such as trading volume, prices, and TVL. Thanks to the efforts from our previous grant, we were able to recycle some of the code and APIs we developed at that time.

Reproducing accurate historical information, translated into USD to make it easier to understand, has been a tough engineering challenge. We settled on an event-based history aggregation approach, similar to the one used by the middleware team. This allows us to treat each event (e.g., Swap, Adding Liquidity) independently. The end result is some excellent graphs and statistics that show the current state of the DEX.

To gather feedback early, we plan to go live with a preview version of the analytics dashboard this week. Please note that the screens and APIs are not final and are subject to change. We still have some improvements to make for efficiency and speed, so please be patient with the UI, especially on slower devices.

If you have any feedback, please drop it in our GitHub repos, as we can quickly address it there. The forks we are currently maintaining can be found at:

Here are some teaser screenshots (please note that the dollar values in these screenshots are approximate; the final numbers will be available in our live version):