1delta

Enhancing Venus lending with seamless margin trading through 1delta's UX, reducing gas costs and complexity. Deploy on Ethereum and BNB Chain, integrate with 1delta UI. Total grant: $30,000.
Application
Applied on: 20 Aug 2024 04:56 PM
Pending
User Review
AI Review
A1
Reviewed on 21 Aug 2024 12:18 AM
Alignment with Venus Ecosystem
The project aligns well with the Venus Protocol ecosystem by introducing margin trading and leveraged yield farming, which enhances user experience and drives the adoption of the Venus Protocol. The proposal clearly outlines the value it will create for the Venus community.
Contribute to Innovation and Ecosystem Growth
The project showcases innovative ideas like 1-click leverage through flash swaps and has the potential to significantly impact the Venus ecosystem. The team has demonstrated technical expertise by previously delivering milestones for other lending protocols, suggesting they can implement the project successfully within the proposed timeline and budget.
Funding and Budget
The proposal provides a detailed breakdown of the project's budget and explains how the requested funds will be allocated. The project demonstrates a clear need for the funding and outlines how the grant will enable them to achieve their goals and create value for the Venus ecosystem.
Reporting and Communication
The project commits to providing regular progress updates and mentions specific channels (Twitter, Venus Discord) for maintaining open communication with the Venus community. A plan for sharing project milestones, successes, and learnings is also included in the proposal.