Fairblock
Fairblock simplifies on-chain encryption, making it composable and compliant across major protocols, applications, and wallets.Application
Applied on: 4 Jun 2024 07:16 PM
Pending
User Review
AI Review
A1
Reviewed on 5 Jun 2024 12:13 AM
The project exclusively builds within the Uniswap-Arbitrum ecosystem
Fairblock is building Fairyswap, which specifically integrates with Uniswap on Arbitrum to provide encrypted trading functionalities, aligning with the goal of enhancing the Uniswap ecosystem within the Arbitrum Protocol.
The project demonstrates long-term benefits for the Uniswap-Arbitrum ecosystem
Fairyswap's encryption features can significantly enhance capital efficiency and trade security, offering sustainable benefits for both retail and institutional traders.
The project has a clear and feasible plan for the use of funds
The funds are allocated to specific roles and tasks, including engineering and marketing, with detailed calculations provided.
The project aligns with Uniswap's goals
By increasing capital efficiency and protecting against MEV, Fairyswap directly supports Uniswap's mission to provide a more efficient and secure trading environment.
The project benefits the Uniswap ecosystem within Arbitrum
Fairyswap enhances the Uniswap-Arbitrum ecosystem by offering encrypted trading, which is not present currently and is beneficial for users concerned with MEV and trade secrecy.
The project demonstrates a potential for widespread adoption
Encrypted trading can attract sophisticated traders and potentially retain high-value users within the Uniswap-Arbitrum ecosystem.
The project has measurable success metrics
The project outlines clear KPIs, including capital saved from bad-MEV exposure, number of encrypted transactions, and increase in capital efficiency.
The project has clear milestones and deliverables
The project outlines specific milestones, including smart contract deployment, testnet launch, audit, and mainnet launch with KPI tracking.
The project team has relevant experience and expertise
Team members possess extensive experience in cryptography, blockchain development, and DeFi, making them well-suited to deliver the project successfully.
The project has shown recent development activity
There is recent development activity on their Github repos, indicating ongoing work and commitment to the project.
The project is open-source
Fairblock is open-source, with a publicly accessible repository.
The project has not received excess funding from other programs
The project has received grants from Arbitrum and Atom Accelerator DAO, but this does not preclude it from receiving further support for its continued development.
The project has undergone or plans to undergo a security audit
Fairblock has completed one round of security audits and plans additional audits before the mainnet launch.
The project has a demo available
There is no demo available specifically for FairySwap yet, although other demos for Fairblock exist.
The project has a plan to comply with UAGP's KYC/KYB requirements
The project team confirms their understanding and willingness to comply with KYC/KYB requirements.