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: Will K
Project Name: Symbiosis
Project Description: Symbiosis is a cross-chain AMM DEX that pools together liquidity from different networks: L1s and L2s, EVM and non-EVM ones. Our know-how: 1-click native assets swaps and powerful API/SDK to enable third-parties (including OKX DEX, OpenOcean and more) to process cross-chain swaps with ease.
Symbiosis currently supports 18 networks for cross-chain and on-chain transactions, including Arbitrum One and Avalanche.
Team Members and Qualifications:
You can check detailed information about each founder on DAOMaker: https://daomaker.com/company/symbiosis-finance#team-and-partners
Will K, CEO & Co-Founder - https://www.linkedin.com/in/will-87535b94
Alexey Lushnikov, CTO & Co-Founder - https://www.linkedin.com/in/alexey-lushnikov
Nick Avramov, CBDO & Co-Founder - https://www.linkedin.com/in/nickavramov
Project Links: Twitter: https://twitter.com/symbiosis_fi
Symbiosis App: https://app.symbiosis.finance/
Github: Symbiosis · GitHub
Telegram:Telegram: Contact @symbiosis_finance
Medium: https://blog.symbiosis.finance
Audits: GitHub - symbiosis-finance/audits
Docs: https://docs.symbiosis.finance
DeFiLama: https://defillama.com/protocol/symbiosis
Explorer: https://explorer.symbiosis.finance/
Dune Dashboard (only supports 5/18 chains): https://dune.com/symbiosisdash/symbiosisv2
Grant Type: Open Grant
Contact Information:
TG: @egakon
Twitter: @symbiosis_fi
Email: egor.k@symbiosis.fi
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: 50,000 ARB
Grant Matching: -
Grant Breakdown: GMX grant will be used for:
- Users incentivization / cashback for cross-chain zaps from any supported chain into Arbitrum One GLP Index Composition and GM pools
How it works (example with AAVE):
- User can select any token across 18 chains that Symbiosis protocol support to enable deposit to AAVE pools
- User can select any AAVE protocol pool on chains that AAVE protocol supports
- Deposit liquidity to AAVE protocol in just one click
We expect to bring over $150,000,000 of TVL to GMX pools with ARB tokens as a gas refund.
Over the defined period, the grant will be allocated towards creating innovative on-chain campaigns as well as encouraging authentic and engaged users within the ecosystem.
Funding Address: 0xAD1467a69DADb93fAAdBeA1B4E9d03b0D8b4f505
Funding Address Characteristics: The provided address corresponds to a 2/3 Gnosis Multisignature wallet, with its private keys securely safeguarded.
Distribution Contract Address: Will be developed
Before the start of Arbitrum campaigns, we will deploy specific contracts that will be made accessible to the public. Initially, the funds will be held securely within the Symbiosis multisig wallet.
Incentivised Contract Addresses: Will be developed
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: We’re planning to bring over $150,000,000 of TVL to GMX pools with ARB tokens as a gas refund.
Key Performance Indicators (KPIs): Total transactions to GMX pools, amount of liquidity deposited to GMX pools on Arbitrum.
How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?: TVL growth, seamless experience to deposit funds to GMX pools
Justification for the size of the grant:
All ARB tokens provided under this grant will be used to stimulate users and eliminate suppliers:
- 50,000 ARB will be used for gas refund/cashback for deposits to GMX pools on Arbitrum. Users will be able to receive a gas refund after each cross-chain zap liquidity provision
Grant Timeline and Milestones:
-
GMX pools deployment on Symbiosis cross-chain zaps | 1-2 weeks
-
Incentivized contract development | 1-2 weeks
-
Incentivized campaign launch | 1-2 years
Fund Streaming: 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?: N/A
Protocol Performance: You can check protocol performance here:
Explorer: https://explorer.symbiosis.finance/
Dune Dashboard (only supports 5/18 chains): https://dune.com/symbiosisdash/symbiosisv2
Protocol Roadmap: https://docs.symbiosis.finance/symbiosis-roadmap
Audit History (if any): GitHub - symbiosis-finance/audits
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
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
Please note: Labs and the Grants Committee retain the right to approve, disapprove, or subsequently disqualify any grant from the programs they are administering at their sole discretion.
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