About zeroswap:
Zeroswap is a decentralized exchange (DEX) aggregator protocol compatible with multiple blockchains, such as Ethereum, BSC, Polygon, Avalanche, Optimism, Celo, Fantom, Arbitrum, and more. The platform is focused on allowing users to transact without incurring any fees. Zeroswap strives to simplify on-chain trading by combining various blockchain networks under one roof. ZeroSwap exclusively uses 0x technology’s best pathfinder mechanism to enhance user transactions with the added advantage of being gasless through ZeroSwap DEX while aggregating liquidity from multiple protocols.
Ultimately, Zeroswap aims to provide users with an effortless and streamlined trading experience by eliminating fees and enhancing liquidity.
Proposal:
Zeroswap seeks funding to enhance its gasless on-chain meta-dex aggregator platform. The proposed scope includes developing and implementing new features to improve efficiency, scalability, and user experience, such as making transactions faster, expanding liquidity pools, and integrating more blockchain networks.
The following guiding metrics define the success factors for this proposal:
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Increase in daily active users and trading volume
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Improvement in transaction speed and gas cost reduction
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Expansion of liquidity pools and integration of additional blockchain networks
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Positive feedback from users and the 0x ecosystem community
These metrics will be measured through analytics and user feedback.
Application Questions:
1.What category best describes your grant request?
Zeroswap’s grant application falls under multiple categories, including the use of 0x orderbooks, polygon deployment, and a new use case being built on top of 0xAPIs. We are excited to announce that we are offering gasless swaps on the Polygon chain using the 0x pathfinding algorithm.
Our integration with the 0x API allows us to provide users with the best quotes available on the market. We are committed to ensuring that the quotes are not changed and that all trades are MEV protected, ensuring that our users receive the best possible value. Also, 0x’s routing technology makes sure that trades are sent to the user, which makes the user’s experience even better.
Our gasless swap service on Polygon is a major improvement that makes things easier and more accessible for users. We believe that this integration will further strengthen our relationship with 0x and help drive the adoption and growth of both protocols.
In summary, our grant application falls under multiple categories, including the use of 0x orderbooks, polygon deployment, and a new use case built on top of 0xAPIs. We are excited to offer gasless swaps on Polygon using the 0x pathfinding algorithm, providing users with the best possible value and experience.
2.Grant amount requested?
The grant amount we requested is $100,000.
3.Point of contact?
Name and Email -
Chandrashekar Ramu (CEO): [chandra@zeroswap.io]
Aayushi Jain (COO): [aayushij@zeroswap.io]
4.Team Background
Technology-
- Puneet Bagewadi(CTO)
Puneet has been working as a professional for ten years and has honed his skills in a wide range of frontend and backend technologies. He now leverages his expertise as a data scientist to fuse machine learning, resulting in a ML-driven user experience that is both intuitive and seamless.
- Gourav Naik - Backend lead at Zeroswap
Gourav has nine years of experience in software development, and he is experienced in building scalable, secure, and reusable products.
- Eshwar Jawalagi - Frontend lead at Zeroswap Labs
Eshwar has nine years of experience building production-ready software employing scalable architecture, distributed computing, microservices, test-driven development, cloud infrastructure, and on-premise infrastructure.
Design
- Shiven singh
Shiven Singh leads the end-to-end design-related work. He has over eight years of experience working in startups and multinational organizations.
Business and Marketing
- Prajjwal Yadav
Business & growth strategist with 5+ yrs. of professional experience. Skilled in scaling businesses and has worked across various industries, including F&B, Tech and Web3 and helped alleviate 20+ brands. Has a deep interest in blockchain & its applications and has been investing in crypto since 2018.
- Aayushi Jain
Experienced Head Of Operations with a demonstrated history of working in the blockchain industry. Skilled in Operations Management, Customer Service, Blockchain, Product Development, and multiple blockchain technologies like Ethereum, Binance Chain, Avalanche, Polygon.
Advisors
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Pranav Sharma - Founding Partner at Woodstock Fund, Woodstock is a multi-asset investment fund house focused on investments in emerging technologies
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Ravindra Kumar - Founder and CEO at Frontier Wallet, Ex-CTO at InstaDApp, Blockchain Developer, Android Developer, Crypto Investor.
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Joel John - Principal at LedgerPrime, Writing stuff at decentralised.co. Angel investor in ±20 firms, Talks about #web3, #ethereum, #internet, #blockchain, and #cryptocurrency
5.Project Background:
Zeroswap is a multi-chain compatible decentralized exchange aggregator protocol focused on making zero-fee transactions possible. Zeroswap aims to make on-chain trading simple and easy by providing access to multi-chains like Ethereum, BSC, Polygon, Avalanche, Optimism, Celo, Fantom, Arbitrum etc under one roof. The design of the core product allows it to function gasless and focused on aggregating liquidity from multiple protocols.
6.Description of the work to be funded with its breakdown?
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Product development: $40,000. This would allow the Zeroswap team to invest in building new features and functionalities for the platform, such as improving the user interface, enhancing security measures, and adding support for additional blockchain networks.
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Marketing and outreach: $20,000. This category would focus on increasing awareness and adoption of Zeroswap among potential users. Activities could include advertising, social media outreach, content creation, and sponsorships of relevant events and conferences.
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Liquidity incentives: $20,000. By providing liquidity incentives to users and liquidity providers, Zeroswap can attract more users and liquidity to the platform. This could involve reward programs, referral programs, and other strategies to incentivize users to participate.
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Community engagement: $10,000. This category would focus on building a strong community of users, developers, and other stakeholders around Zeroswap. Activities could include organizing meetups, hackathons, and other events to foster engagement and collaboration.
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Research and development: $10,000. This category would support Zeroswap’s efforts to research and develop new use cases and innovations for decentralized exchanges and liquidity aggregation. This could involve collaborations with other blockchain projects and academic institutions, as well as internal R&D efforts.
7.Benefit to the 0x Ecosystem:
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Increased liquidity: By allowing users to trade a wide range of assets directly from their wallets, ZeroSwap can increase the liquidity of the 0x ecosystem. This is because more traders are likely to use the platform, leading to more orders and a greater depth of the order book.
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Improved user experience: ZeroSwap is designed to be easy to use with a simple and intuitive interface. This can help attract new users to the 0x ecosystem, including those who may not be familiar with decentralized exchanges.
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Lower fees: ZeroSwap uses a unique fee structure that rewards users who hold its native token, ZEE. This can encourage more traders to use the platform and also help increase demand for ZEE, which can benefit the wider 0x ecosystem.
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Better features: ZeroSwap has a few things that other decentralized exchanges don’t have, like limit orders and the ability to get paid for providing liquidity. These features can make the platform more attractive to traders and can help increase overall adoption of the 0x protocol.
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Encouraging innovation: By giving grants to promising projects like Zeroswap, 0x is encouraging innovation in the blockchain space and helping to develop new use cases and applications for decentralized exchanges and liquidity aggregation. This could help the whole blockchain ecosystem in the long run by pushing the state of the art forward and opening up new possibilities.
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Building partnerships and collaborations: By supporting Zeroswap, 0x can build relationships with other blockchain projects and communities, potentially leading to new partnerships and collaborations in the future. This could help to expand the reach and impact of the 0x ecosystem.
8.Conclusion:
The integration of ZeroSwap into the 0x ecosystem presents significant benefits for the platform. By expanding the use case of the 0x API system, ZeroSwap brings about increased liquidity, an improved user experience, reduced fees, and the introduction of new functionalities. With these advantages, ZeroSwap has the potential to attract a larger user base, increase revenue, and ultimately contribute to the growth and success of the protocol.
