[OPEN GRANT APPLICATION] GMX - Farcaster Frame

Grants
1

SECTION 1: APPLICANT INFORMATION

Provide personal or organizational details, including applicant name, contact information, and any associated organization. This information ensures proper identification and communication throughout the grant process. Applicant Name or Alias:

  • Garrett Skrovina - Biz Dev and Product Lead

  • Sean Robenalt - Development and Engineering Lead

  • Project Name:

GMX Farcaster Frame

  • Project Description:

In-feed frame on Farcaster to enable users to transact directly with GMX in-frame.

  • Team Members and Qualifications:

  • Garrett - Head of Crypto at Lazer Technologies which is product development studio who’s built dozens products of crypto products. Prior to Lazer, Garrett led strategic partnerships at CoinDesk.

  • Sean - Frame Developer who’s built a variety of frames as shown here

  • Project Links:

N/A but we are @sean07.eth and @garrett on farcaster

Contact Information:

SECTION 2: GRANT INFORMATION

Detail the requested grant size, provide an overview of the budget breakdown, specify the funding and contract addresses, and describe any matching funds if relevant.

  • Requested Grant Size:

12,500 ARB

  • Grant Matching:

We plan to host this frame for a minimum of 1 month; Additional hosting costs to extend may require additional funding and maintenance

  • Grant Breakdown:
  • Development Costs: 10,000 ARB
  • Hosting Costs: 1,500 ARB
  • Marketing / Social Support on launch: 1,000 ARB
  • Funding Address:

0x359B2B6d74eCF5dDc81B9107655aEF48299C4aa1

*Funding Address Characteristics:

SAFE Multisig

  • Distribution Contract Address:

0x359B2B6d74eCF5dDc81B9107655aEF48299C4aa1

  • Incentivized Contract Addresses:

N/A

SECTION 3: GRANT OBJECTIVES AND EXECUTION

Clearly outline the primary objectives of the project and the Key Performance Indicators (KPIs) used to measure success. This helps reviewers understand what the project aims to achieve and how progress will be assessed.

  • Objectives:

  • Enable users on Farcaster to open long or short ETH positions directly in the feed on Warpcast by interacting with a GMX Frame that enables users to take a long or short positions with .01 or .1 eth for a 24 hour period

  • Current plan: Frame will have 2 options: .01 eth and .1 eth. Only 2 directions (long or short) and only one leverage level (something relatively moderate). Once the transaction is submitted in the frame, it just opens the trade and auto-closes the trade in 24 hours from opening.

  • Ideally, we will have a button/link out in the frame to GMX so people can view their position and potentially close it. We also plan to include a button in the frame that allows users to close a trade manually whenever they want instead of relying on the auto-close at the 24 hr mark (dependent on GMX API allowing us to do this)

  • We will likely iterate and improve this frame as we go but the goal is the have a performant MVP frame that makes it easy for Farcaster users to go long or short ETH on GMX directly in a frame on their Farcaster feed or in a Farcaster DM

  • Key Performance Indicators (KPIs):
  • Transaction volume
  • Number of users
  • How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?:

Enabling easier access for Farcaster users to trade on GMX via a frame

  • Justification for the size of the grant:

This grant size will allow us to build a GMX frame as a proof of concept MVP within 2 weeks. The size of this grant will compensate us for the development time and the hosting costs. In addition to the development time and hosting costs, we feel that a GMX frame has the ability to increase awareness and visibility of GMX across Farcaster.

  • Execution Strategy:

We plan to build this frame in 1-2 weeks and launch it on Farcaster by leveraging a number of channels and group chats where we know there’s some users who actively engage in various defi activities and applications. We are well connected throughout the Farcaster ecosystem so we plan to leverage our relationships to ensure that this frame gets awareness and distribution.

  • Grant Timeline:

Upon the application being accepted, we’d like to see 50% of the grant paid.
Upon completion and launch of the frame, we’d like to see the remaining 50% of the grant paid.

  • Fund Streaming:
    Yes, we can accept streaming payment for the 2 week period once the application has been accepted.

SECTION 4: PROTOCOL DETAILS

Provide details about the protocol requirements relevant to the grant. This information ensures that the applicant is aligned with the technical specifications and commitments of the grant.

  • What date did you build on GMX?:

N/A

  • Protocol Performance:

N/A

  • Protocol Roadmap:

N/A

  • Audit History (if any):

N/A

SECTION 5: Data and Reporting

Provide details on how your team is equipped to provide data and reporting on grant distribution.

  • Is your team prepared to create Dune Spells and/or Dashboards for your incentive program?:
    No

  • Does your team agree to provide bi-weekly program updates on the GMX Forum thread?:

No

  • Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program’s funding stream?:

Yes

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Thank you for submitting the application. The grants committee will soon start reviewing your application.

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