# \[OPEN GRANT APPLICATION\] Tradao \<\> GMX **URL:** \ **Category:** Grants\ **Created:** [November 16, 2023, 11:02pm UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593 "2023-11-16T23:02:41Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![Wing](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/wing/32/1913_2.png) [@Wing](https://gov.gmx.io/u/Wing)\ **Post date:** [November 16, 2023, 11:02pm UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593/1 "2023-11-16T23:02:41Z")
### SECTION 1: APPLICANT INFORMATION **Applicant Name** : Wing **Project Name** : Tradao **Project Description:** Tradao is a Web3 Derivatives Portfolio Tracker that empowers traders with a comprehensive toolset and an innovative incentive system. **Team Members and Qualifications:** - Long (Product Manager) - Samuel (Full Stack Developer) - Patrick (Frontend Developer) - Wing (Operations) - Wan (UI/UX) **Project Links:** - Website: [Tradao-Best Web3 Derivatives Portfolio Tracker](https://www.tradao.xyz/#/) - Twitter: [https://twitter.com/Tradaoperp](https://twitter.com/Tradaoperp) - Telegram: [Telegram: View @tradaoperp](https://t.me/tradaoperp) - TG Bot: [Telegram: Launch @TradaoBot](https://t.me/TradaoBot) ### Contact Information: - TG: wingperp - Email: [wing@tradao.xyz](mailto:wing@tradao.xyz) ### SECTION 2: GRANT INFORMATION **Requested Grant Size:** 100k $ARB **Grant Matching:** N/A **Grant Breakdown:** | Grant Breakdown | | | | | --- | --- | --- | --- | | Subject | Details | Grant Allocation | Status | | Trader Profolio Tracking | Integrate with GMXv1 & v2, users can check the status of the GMX trader by entering their address or on the Tradao homepage. The data including PnL, ROI, trading record, no. of trades, etc. | 10k $ARB | Completed | | On-chain Data Dashboard | Integrate with GMXv1 & v2, users can check different aspect data of GMX, including OI, trading volume, liquidation level, liquidation amount of position and collateral, no. of liquidated traders, etc | 10k $ARB | Completed | | Telegram Bot | Help users to check and track the trader status on telegram easily. Provide top trader ranking, trader tracking, whale alert of open/close and upcoming/liquidated position, etc | 10k $ARB | Completed | | Copy-Trading | Beginners-friendly. Follow, copy, automate, and earn by copying the trades from GMX top traders based on their real-time PnL. | 20k $ARB | Processing | | Audit | Reach out to popular and trusted audit firm to make sure the safety | 20k $ARB | Pending (To be started when copy-trading done) | | Marketing | For holding different marketing campaign and reward the users, like trading competition, fee rebates, etc. | 30k $ARB | Pending (To be started when copy-trading done) | **Funding Address:** 0x9aAb7A39e7e022666283454fbd0769F93D1e1d4e **Funding Address Characteristics:** 2/3 multisig SAFE wallet with each key held by a core team member **Distribution Contract Address:** 0x9aAb7A39e7e022666283454fbd0769F93D1e1d4e **Incentivised Contract Addresses:** N/A atm ### SECTION 3: GRANT OBJECTIVES AND EXECUTION **Objectives:** The primary objectives of Tradao’s grant application are to enhance user engagement on the GMX platform, provide a suite of tools for effective derivatives portfolio tracking, and contribute to the overall growth and security of the GMX ecosystem. **Key Performance Indicators (KPIs):** - **Transaction Goal:** Achieve 4,000 transactions per month on our platform as a direct result of our tools and services. - **Trading Volume Target:** Generate a trading volume of $5 million per month, indicating robust use and reliance on our platform within the GMX ecosystem. - **Monthly Active Users (MAU):** Reach 1,000 monthly active users, showcasing the demand and continuous engagement with Tradao. - **New GMX Address Acquisition:** Onboard 1,000 new addresses to GMX, demonstrating our platform’s effectiveness in attracting and retaining new users. **How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?:** The grant will facilitate the development of Tradao’s upcoming features, such as the copy-trading system and integration with GMX v2, which are anticipated to drive user engagement and trading volume significantly. It will also support the audit process, ensuring the safety and reliability of the services provided. **Justification for the size of the grant:** The requested grant size is justified by the extensive development efforts required to build and maintain advanced tracking and trading tools, the cost of high-quality security audits, and robust marketing campaigns to attract and retain a significant user base. **Execution Strategy:** The grant will be strategically allocated to the completion of ongoing projects like the copy-trading feature and to commence vital new ones like the security audit and marketing campaigns. Risk management will be upheld through rigorous testing, continuous monitoring, and the implementation of the 2/3 multisig SAFE wallet for fund security. **Grant Timeline:** We propose the following timeline for the grant, with a request for an initial batch of funds to cover completed subjects: - Immediate Release for Completed Subjects: - Ongoing and Future Developments: The request for the first batch of the grant is based on the completion of initial subjects which have already started delivering value to the GMX ecosystem. The subsequent releases will be aligned with the completion of remaining milestones, ensuring accountability and progress tracking. **Fund Streaming:** We request the first batch of the grant funds based on the completed subjects be released upfront to sustain the momentum of the project’s success. We agree to the remainder of the grant to be streamed as per the standard GMX grant streaming policy, and we acknowledge the multisig’s discretion in this process. ### SECTION 4: PROTOCOL DETAILS **What date did you build on GMX?:** We began building on GMX in April 2023 and officially launched the GMXv1 Dashboard on May 15, 2023. **Protocol Performance:** 1. Developed a Telegram bot added to GMX’s unofficial trading group to assist users in checking the daily top traders, liquidation position & collateral, etc on GMX. 2. Over 150 addresses are using Tradao’s follow function on the website. 3. Daily Active Users (DAU) count exceeds 100. 4. Attracted 30+ new user addresses to GMX, contributing over $8 million in trading volume. 5. First to build a funding rate dashboard for GMXv2. **Some existing functions** Trader Portfolio ![Trader Details](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/5092921b574c2b127d96ee348e16af388c7305c8.png) ![Preference](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/07fa01c1aeae3dfc7751e4ac2798d9844ae02f5f.jpeg) Liquidation ![Liquidation](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/dc65171c7c0ed1ec178bd200aadddcdf54fe1372.png) ![Liquidation Level](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/f1ac548132101a86d1c6f7b3f50e0643315f9cd2.png) Funding Rate ![Funding Rate Form](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/112899cb485a3ee263e2d0d235bc33bf302619c8.png) ![Funding Rate Graph](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/8c26eb47094eb073e5d56e509806902380bccc58.png) **Protocol Roadmap:** 2023 Q2 ✅ GMX’s Trader Portfolio Dashboard ✅ Follow Function ✅ Liquidation Page 2023 Q3 ✅ Mobile Version (H5) ✅ Open Interest(OI) Page ✅ Integration with GMX v2 ✅ Funding Rate Page ✅ Telegram Bot for checking top trader on GMX 2023 Q4 ✅ Support customized trader tracking on Telegram bot ✅ Integrate with domain protocol to replace the address display 🔲 Support Social Login 🔲 Copy-Trading using GMX v2 2024 Q1 🔲 Support Backtesting 🔲 Build the Mini app on Telegram **Audit History (if any):** N/A ### 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, we agree to provide bi-weekly updates on the GMX Forum. We are already accustomed to regular updates on Twitter, making it feasible to extend this practice to the GMX Forum and ensure transparent and consistent communication about our program’s progress. ---
**Author:** ![sam](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/sam/32/661_2.png) [@sam](https://gov.gmx.io/u/sam)\ **Post date:** [November 17, 2023, 3:05am UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593/2 "2023-11-17T03:05:05Z")
Find, learn, and be the best traders in Tradao ---
**Author:** ![LONG](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/long/32/665_2.png) [@LONG](https://gov.gmx.io/u/LONG)\ **Post date:** [November 19, 2023, 8:26am UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593/3 "2023-11-19T08:26:29Z")
Welcome to use tradao and give us more suggestions. ---
**Author:** ![Wing](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/wing/32/1913_2.png) [@Wing](https://gov.gmx.io/u/Wing)\ **Post date:** [November 25, 2023, 12:36am UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593/5 "2023-11-25T00:36:57Z")
Here are some updates for the grant breakdown. We removed the completed part for requesting the grant. But we still have a lot of innovative tools that are being developed for GMX. | Copy-Trading | Beginners-friendly. Follow, copy, automate, and earn by copying the trades from GMX top traders based on their real-time PnL. | 20k $ARB | Processing | | --- | --- | --- | --- | | Backtesting | Users will be able to do backtesting by setting the parameter with the GMX’s trader performance | 10k $ARB | Ongoing | | Copy-Trading TG Bot | Allow users to do copy-trading via telegram bot with AA wallet | 10k $ARB | Ongoing | | Grid Trading Bot | Allow trader to set up grid trading strategy on GMXv2 | 10k $ARB | Ongoing | | Audit | Engage a reputable audit firm to ensure safety | 20k $ARB | Pending (To be started when copy-trading done) | | Trading Competition & Fee Rebates | Campaigns for user engagement and rewards | 30k $ARB | Pending (To be started when copy-trading done) | ---
**Author:** ![shogun](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/shogun/32/415_2.png) [@shogun](https://gov.gmx.io/u/shogun)\ **Post date:** [November 26, 2023, 1:53am UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593/6 "2023-11-26T01:53:03Z")
Hi @Wing, thanks for your proposal. I got a chance to trail the TG bot [@TradaoBot](https://t.me/TradaoBot) for checking new positions, would the team be willing to create filters by a certain project GMX V1 and GMX V2 for example? Would the team also be willing to share access to the bot developments, just for more visibility? ---
**Author:** ![Wing](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/wing/32/1913_2.png) [@Wing](https://gov.gmx.io/u/Wing)\ **Post date:** [November 26, 2023, 10:07am UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593/7 "2023-11-26T10:07:02Z")
Hey @shogun, thanks for your feedback. Q1: We can create the filter for sure. But that would happen after our copy trading is done. Then, we will optimize the use experience of Tradaobot. Q2: We can provide the API to the trader & developer for leveraging Tradao. Also, our frontend can be open source. For the bot development, it related to our database. Because of security reason, we won’t share the full access. ---
**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 26, 2023, 10:36pm UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593/8 "2023-11-26T22:36:54Z")
After implementing the requested changes in the milestones, we are excited to share with you that we will be accepting your applications. The proposed timeline is short and solid. Tradao has been very relevant in showcasing traders within GMX towards the wider ecosystem. ---
**Author:** ![Wing](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/wing/32/1913_2.png) [@Wing](https://gov.gmx.io/u/Wing)\ **Post date:** [November 27, 2023, 5:36am UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593/9 "2023-11-27T05:36:44Z")
Thanks a lot! Glad to hear that!! We will keep empowering GMX ecosystem with our effort. That would not limited to users, but also the developer. LFG! ---
**Author:** ![LONG](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/long/32/665_2.png) [@LONG](https://gov.gmx.io/u/LONG)\ **Post date:** [November 28, 2023, 5:29pm UTC](https://gov.gmx.io/t/open-grant-application-tradao-gmx/2593/10 "2023-11-28T17:29:54Z")
thanks ！ We will make better products to support GMX. let’s keep building