# \[OPEN GRANT APPLICATION\] GMX \<\> Modular Wallet **URL:** \ **Category:** Grants\ **Created:** [November 30, 2023, 6:33pm UTC](https://gov.gmx.io/t/open-grant-application-gmx-modular-wallet/2755 "2023-11-30T18:33:54Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![sm0le.eth](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/sm0le.eth/32/410_2.png) [@sm0le.eth](https://gov.gmx.io/u/sm0le.eth)\ **Post date:** [November 30, 2023, 6:33pm UTC](https://gov.gmx.io/t/open-grant-application-gmx-modular-wallet/2755/1 "2023-11-30T18:33:54Z")
**SECTION 1: APPLICANT INFORMATION** **Applicant Name:** sm0le **Project Name:** Modular Wallet **Project Description:** Modular is a self-custodial mobile wallet with modular framework, built natively on Arbitrum and powered by the MOD token. **Team Members and Qualifications:** sm0le - BSc. Telecom Engineering - Project Lead m0nkey patcher - BSc. Computer Engineering - Smart Contract Dev TheSwissAlpaca - Industrial Engineer - UX/UI Lead 0xQuokka - Dev at Core - Sr. React Native Dev z3nd4 - Social Media Manager **Project Links:** - Website: [https://modular.pk](https://modular.pk) - Twitter: [https://twitter.com/modular\_wallet](https://twitter.com/modular_wallet) - Telegram: [Telegram: Contact @ModularW](http://t.me/ModularW) - Dune: [https://dune.com/0xpibs/modular-wallet](https://dune.com/0xpibs/modular-wallet) **CONTACT INFORMATION** **TG:** @sm0l3 **Twitter:** [https://twitter.com/sm0leee](https://twitter.com/sm0leee) **Email:** sm@modular.pk **SECTION 2: GRANT INFORMATION** **Requested Grant Size:** 100K ARB **Grant Matching:** The Modular Team will match ARB incentives with its own native token (MOD) within app features. **Grant Breakdown:** The GMX-STIP ARB incentives allocated for Modular will be mostly distributed alongside users that interact with our mobile wallet using the Arbitrum Blockchain. Among many things, users are able to send, receive, swap and invest their Arbitrum tokens on one-tap, in a completely decentralized way. On the other hand, a second audit will be done particularly on the new GMX V2 module. **Funding Address:** 0x073d2Bc41C7aF3Ca6E310C14AcE603Ff445bAe9a **Funding Address Characteristics:** 2/3 multisig with private keys securely stored **Distribution Contract Address:** ModularRouter Address - 0xb1c1d392e36ed339d1cc67f9fefb390098b08e72 **Incentivised Contract Addresses:** ModularRouter Address - 0xb1c1d392e36ed339d1cc67f9fefb390098b08e72 **SECTION 3: GRANT OBJECTIVES AND EXECUTION** **Objectives:** This grant will be used to incentivize user adoption and retention in the Arbitrum ecosystem. In the particular case of the GMX Margin Trading Module - which is currently live and working - users will be able to trade and receive their trading fees and gas rebates back in ARB. In that way, current and new users will find it more appealing to start trading in a self-custodial way. Moreover, a GMX v2 integration will be done before the Arbitrum STIP timeframe period ends. **Key Performance Indicators (KPIs):** | **Objective** | **Description** | **KPI** | | --- | --- | --- | | Objective (1) | Incentivize users to download Modular Wallet and start trading within GMX Module, granting fees and rebates back in ARB. | 10 to 15K new active wallets created | | Objective (2) | Amount of volume transacted over features. Particularly, GMX. | Dune Dashboard | | Objective (3) | Security Audit | Completed with major security risks | **How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?:** As an Arbitrum native mobile app, Modular allows newer and more experienced users to start using dApps in a native way, using a simple UI. One of the most noticeable examples is the GMX Margin Trading which is currently live on both Android and App Stores (TestFlight). If Modular gets grant funding allocation, 100% of the ARB tokens are going directly to users that are interacting with the Arbitrum Network on a daily basis. In that sense, users are being incentivized to use Arbitrum, which enables organic growth. **Justification for the size of the grant:** We believe our grant request is reasonable at this stage of our product. The Modular team has been building for several projects on the Arbitrum ecosystem without having any particular incentives for the last 12 months, specially using the GMX stack. Moreover, we believe incentivizing users with ARB tokens will foster new ways of network adoption, using 100% of the funds for distributing among users and their security. **Execution Strategy:** If ARB funds are allocated to Modular Wallet, we will immediately start: | | **Description** | **Milestone** | | --- | --- | --- | | Execution #1 | Deploying and boosting incentives on the GMX-V1 Margin Trading Module for existing and new users. | 20k ARB to onboard at least 10k new unique wallets to Modular Wallet | | Execution #2 | Development and update of GMX-V2 mobile | 40k ARB to incentivize and boost traders who Open/Close positions using GMX-V2 Module | | Execution #3 | Security Audit for current and new developments. | 25k ARB for top-tier firm to secure mobile app as a whole. | 15k ARB allocated for external bounties. In order to reach top-tier mobile security.| Modular will cover all the costs of running, optimizing and reporting on all the campaigns. **Grant Timeline:** - December: ARB incentives for current features such as GMX-V1 for existing and new users. - January: GMX-V2 closed beta with incentives for whitelisted addresses. - February: Final Audit + Public Release of GMX-V2. **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** **What date did you build on GMX?:** February 2023 **Protocol Performance:** Since Modular Wallet went live on Arbitrum we’ve reached the following milestones: - Over 5K unique wallets created on Modular App - More than 4M traded volume within the app (both Modular Router and GMX Volume) - More than half a million USDC deployed on our launchpad (IWO) All the relevant information can be found within our [Modular Wallet Dashboard.](https://dune.com/0xpibs/modular-wallet) **Protocol Roadmap:** - December: App Refactoring - January: GMX V2 Development On/Off Ramp for FIAT - February: Security Audit publication GMX V2 Feature Public Release **SECTION 5: Data and Reporting** **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 **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 ---
**Author:** ![Saurabh](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/saurabh/32/1237_2.png) [@Saurabh](https://gov.gmx.io/u/Saurabh)\ **Post date:** [November 30, 2023, 6:35pm UTC](https://gov.gmx.io/t/open-grant-application-gmx-modular-wallet/2755/2 "2023-11-30T18:35:08Z")
Hey @sm0le.eth, thanks for applying for the GMX Grants Program. The grants committee will soon start reviewing the proposal. ---
**Author:** ![CredegarFhristensen](https://avatars.discourse-cdn.com/v4/letter/c/4af34b/32.png) [@CredegarFhristensen](https://gov.gmx.io/u/CredegarFhristensen)\ **Post date:** [December 15, 2023, 6:28am UTC](https://gov.gmx.io/t/open-grant-application-gmx-modular-wallet/2755/3 "2023-12-15T06:28:21Z")
Hello Modular Wallet Team, We want to thank you for applying to the GMX grants program. The window for applications has recently closed. In the interest of clarity, and to ensure continued lines of collaboration, we want to notify that your grant did not muster full support from the community to move on to approval. Such developments tied only to the STIP grant program are not the end of GMX working with you all. We understand that the opportunity presented by the grants program might have left you in the middle of some developments - we are more than happy to find other ways outside the grants program to see these developments through to a productive end, or to adjust scope accordingly in the interest of such ends.