# \[OPEN GRANT APPLICATION\] GMX \<\>Intract

**URL:** <https://gov.gmx.io/t/open-grant-application-gmx-intract/2925>\
**Category:** Grants\
**Created:** [December 18, 2023, 1:05pm UTC](https://gov.gmx.io/t/open-grant-application-gmx-intract/2925 "2023-12-18T13:05:37Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![pporagCh](https://avatars.discourse-cdn.com/v4/letter/p/c57346/32.png) [@pporagCh](https://gov.gmx.io/u/pporagCh)\
**Post date:** [December 18, 2023, 1:05pm UTC](https://gov.gmx.io/t/open-grant-application-gmx-intract/2925/1 "2023-12-18T13:05:37Z")

</div>

**SECTION 1: APPLICANT INFORMATION**

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

**Applicant Name:** P Porag Chakma (alias wthDeFi)

**Project Name** : Intract

**Project Description**

Intract is the go-to platform to learn & discover about web3 through personalized quests all in one place contributing to the Web3 growth for both protocols and web3 users.

**Team Members and Qualifications:**

Sambhav Jain, Co-founder & CEO, Ex TradFi Blackstone, IIT Delhi  
Apurv Kaushal, Co-founder & CPO, Ex Mckinsy, IIT Delhi  
Abhishek Anita, Co-founder & CTO, IIT Delhi

**Project Links**

- **Intract Questing platform:** [Quest Platform](https://quest.intract.io/)
- **Newsletter:** [https://www.blogs.intract.io/](https://www.blogs.intract.io/)
- **Discord:** [Intract Community](https://discord.gg/7vayQdJf3p)
- **Growth platform:** [Intract Business](https://www.business.intract.io/)
- **Intract Vision** : [https://docs.intract.io/](https://docs.intract.io/)

**Grant Type:** Open Grant

### Contact Information:

**TG:** poragCh

**Twitter:** [https://twitter.com/wthDeFi](https://twitter.com/wthDeFi)

**Email:** [porag@intract.io](mailto:porag@intract.io)

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:** $100,000 ARB

**Grant Matching:** Intract does not have a token yet.

**Grant Breakdown:**

The grant will be entirely distributed to reward users through quests initiated via Intract for completing on-chain tasks on GMX V2 as well as educative quests about GMX & trading perpetual to new and experienced Crypto users.

Intract team will also provide a dedicated space and a dashboard to track all metrics on the platform regarding the usage and activity of the users transacting on GMX initiated through the quests.

**Funding Address:** 0xc217d85F85b36B06308Dc20EBc5cEbE21A30C57a

**Funding Address Characteristics** :

This is an MPC wallet or 2/3 multisig with private keys securely stored among the founders.

**Distribution Contract Address:** NA

**Incentivised Contract Addresses:** NA

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:**

Utilize the grant to incentivize users to learn about GMX & swap on GMX V2. Intract will also provide a dedicated workspace to create quests for GMX community projects further contributing to the growth of the GMX community.

| Objective | Description | KPI |
| --- | --- | --- |
| Onboard New Users on GMX | Onboard new users, and introduce novice and active users | 100,000 |
| Drive New Referrals | Onboard new users on GMX | 50,000 Referrals |
| Support growth of GMX Community Projects | Onboard community projects | 10 Projects |
| Education Academy on Perpetuals featuring GMX | Introduce Perps to 100,000 New and experienced Users | 100,000 Completions |
| ARB & GMX Branded on-chain Persona NFT | User will be able to mint an NFT highlighting the on-chain metrics of a user | 100,000 NFT Mints on Arbitrum. |

**Key Performance Indicators (KPIs):**

Each season will last for a Month.

| KPIs | Season 1 | Season 2 | Season 3 | Season 4 | Total overall |
| --- | --- | --- | --- | --- | --- |
| New Wallets | 10,000 | 15,000 | 20,000 | 40,000 | 85,000 |
| Referrals | 20,000 | 30,000 | 40,000 | 80,000 | 170,000 |
| Education participation | 10,000 | 20,000 | 30,000 | 40,000 | 100,000 |
| Transactions count | 10,000 | 20,000 | 30,000 | 40,000 | 90,000 |
| MAU Count via Intract | 10,000 | 25000 | 50000 | 70000 | 155,000 |

**How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?: Justification for the grant size**

Let’s look at the case studies for Polygon zkEVM Saga and Linea Voyage below.

**Linea Voyage**

| KPI | Metric |
| --- | --- |
| New wallets onboarded | 2,000,000+ |
| Total Participation | 3M+ |
| Bridged amount | 423m+ |
| Partners | 80+ |

- Linea chose Intract for its official main net campaign after trying out other platforms. [Linea Voyage](https://www.intract.io/linea)

- Exponential growth in active address and transaction count. **DAU Count increased by 3.5X** since the launch of the campaign via Intract on 7th Nov.

1M+ Unique wallets

 ![Screenshot 2023-12-15 at 5.42.18 PM](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/f2462df37a76df43d320ca815f6d4f6288a22bbc.png)

Daily Transactions jumped 5.7X

 ![Screenshot 2023-12-15 at 5.43.26 PM](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/29865fbe334893e374b5bf3ca830218f590982ba.png)

- Growth of TVL to $60M+.  
 ![Screenshot 2023-12-15 at 5.47.37 PM](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/a62c1c24910267dd0eb7a72b8ca690c2e9768416.png)

**Polygon 2.0 zkEVM Saga**

| KPI | Metric | Column 3 | Column 4 |
| --- | --- | --- | --- |
| New wallets onboarded | 600,000 | | |
| Total Participation | 723399 | | |
| Project supported | 25+ | | |

- 
  - A 6-week long campaign for users to explore all major dApps in the Polygon zkEVM ecosystem. **600,000** New Users Acquired since launch. Contributing to **400% growth** in the DAU Count.

- 723K Initiations across all 6 waves out of which 509k completed the wave, a 70% conversion rate.
- TVL Growth Since the resumption of the zkEVM campaign on Oct.  
 ![Screenshot 2023-12-15 at 7.24.05 PM](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/1547ba5f22ba351414d9762b3cd389127b3663fb.png)

**Execution Strategy**

100% of the allocation will be distributed to the community in the following manner.

**Grant Timeline and Milestones:**

| Phase | Season | Funds | Milestone |
| --- | --- | --- | --- |
| Season 1 | Month 1 | 15% | 10,000 New Users onboarded, 20,000 referrals, 10,000 Educational participation, Transactions count 10k, MAU - 10K |
| Season 2 | Month 2 | 20% | 15,000 New Users onboarded, 30,000 referrals, 20,000 Educational participation, Transactions count 20k, MAU - 25K |
| Season 3 | Month 3 | 25% | 20,000 New Users onboarded, 40,000 referrals, 30,000 Educational participation, Transactions count 30k, MAU - 50K |
| Season 4 | Month 4 | 40% | 40,000 New Users onboarded, 80,000 referrals, 100,000 Educational participation, Transactions count 40k, MAU - 70K |
| Funds will be distributed retroactively, meaning users will be able to claim it at the end of each season lasting a month. Users will also be able to mint a personalized NFT at the end of the campaign. | | | |

**Fund Streaming:** [Do you accept the funding of your grant streamed linearly for the duration of your grant proposal, and that the multisig holds the power to halt your streamed grant at their discretion at any time?]

Yes

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?:** Date of deployment on Arbitrum Aug-22-2023

**Protocol Performance:**

- Users on the Platform over **3M+**

- Questing Partners **150+**

- Major Partners: **Linea, Polygon, Gnosis Safe, 1inch, Lido, Binance**.

- Quest completions: Excluding Linea Voyage, we’ve had **2.37M Unique users** quest initiations out of which 1.4M completed the quests, a **58% conversion**.

- Unique Quest Wallets: **3M+** Connected Wallets with **601K** discord wallets, **120k** Connected Telegram Profiles.

- Project category launching on the platform  

**Protocol Roadmap:**

- Customisable Loyalty Program.
- Personalised Onchain explorers for each chain.
- Onchain Metrics for questers for personalized onchain experience.

**Audit History (if any):** None

### 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?** Yes

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

Yes, our team of experts handling this campaign will be sharing bi-weekly updates along with all the data which we do with all our questing partners.

**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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<div class="post-metadata">

**Author:** ![Jonezee](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/jonezee/32/1238_2.png) [@Jonezee](https://gov.gmx.io/u/Jonezee)\
**Post date:** [December 18, 2023, 1:08pm UTC](https://gov.gmx.io/t/open-grant-application-gmx-intract/2925/2 "2023-12-18T13:08:58Z")

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Hi Intract team, we appreciate your application but unfortunately have to point out that the deadline for submitting grant proposals has passed. This application therefore cannot be considered valid.

See also:

> [@Sunsetting GMX Grants Program](https://gov.gmx.io/t/sunsetting-gmx-grants-program/2839):
>
> Hey Everyone, We want to inform you that, after careful consideration, the GMX Grants Committee has decided to close down the GMX Grant Program for now. Considering the numerous proposals already received, the STIP timeline, and the limited grants budget, we have concluded that this is the most sensible course of action. We appreciate the incredible support received so far, and the many innovative projects that have been part of this initiative. We can’t wait to see all the results. Effectiv…