Project Stage
Category
Based in
Team size
Active since
For this SCF round, we will focus three key areas:
To achieve these goals, the Soroswap Team will continue its dedicated support and development of the @soroban-react library. This library serves as a crucial connector between the frontend and smart contract. As with all our initiatives, our products and contributions will remain 100% open-source.
In the following we explain each of these areas:
User Experience Enhancement: 🖥️ We will improve the frontend design for a polished and visually appealing experience. Our focus is on intuitive navigation, responsive design, seamless transactions, and attractive aesthetics. Our goal is to deliver a refined frontend ready for the Soroban Mainnet launch.
We've completed all deliverables ahead of schedule since our last submission.
Our team has also grown with four skilled full-stack developers who not only contribute to our success but also enhance the Soroban and Stellar ecosystems. 🚀
Here there is a summary of the deliverables:
To ensure transparency and community engagement, we have created a dedicated repository, the SCF Tracker, at https://github.com/soroswap/scf-tracker. This public repository tracks the progress and deliverables of the Soroswap Protocol through SCF grants, providing the community with visibility into our achievements and ongoing development. 📊
Regarding modifications, we have submitted two changes to our initial proposal:
Importance of Soroswap: The addition of an AMM in Soroban is essential. It enables the trading of native Soroban tokens that won’t be traded on the Classic Stellar DEX. This benefits users and other products, like cross-border payments and DeFi protocols. Our goal is to meet the needs of the Soroban ecosystem by offering a comprehensive solution.
Our goal: to build a strong team that creates robust smart contracts, user-friendly interfaces, and comprehensive documentation on Soroban. We want to empower developers with valuable resources , from code examples for Dapp development to seamless token swapping in wallets integrated with Soroswap. We want to establish a long-term partnerships within the ecosystem. Our aim is to be a leading platform for developers to build on top and contribute to the ecosystem.
Open-Source & Transparency Commitment: The Soroswap Protocol is dedicated to fostering the growth of the Soroban ecosystem by offering fully open-source smart contract protocols and libraries that serve as foundational elements for any project. We are committed to maintaining transparency and engaging with the community through regular updates on Discord and our SCF tracker repository: https://github.com/soroswap/scf-tracker.
Revenue and funding: Soroswap plans to eventually generate revenue through fees similar to AMMs on other chains, but the exact mechanism is still under discussion. As Soroban is still in development, there will be no revenue generated at present. Regarding @soroban-react, the library will be published under an open-source license as a public good and there won’t be any revenues on that side.
Competition: While decentralized exchanges are a popular use case for decentralized applications, Soroswap will face competition from other protocols such as Stellar core's AMM, Comet (SCF#12) and Phoenix (SCF#15) . However, Soroswap will provide a unique offering by allowing swaps for tokens that cannot be traded on Stellar's core AMM due to their inability to be unwrapped as a classic asset. Additionally, the protocol will enable smart contracts to interact with the exchange (stellar core’s AMM cannot). Furthemore, our commitment to develop Partnerships and open-source and documented inter-protocol operability with other ecosystem players will help us be more strong against direct competitors like Comet and Phoenix.
is your first deliverable (~10% of total project workload)? What steps will you need to take to complete it successfully?
Our first deliverable (10% of the total project workload) will be divided in 3 parts, aligning with our three key working areas for this grant. This is because we will be working simultaneously in all three areas. Here are the 3 deliverables in detail (The deliverable number corresponds to the respective number in the table below.):
Estimated completion date: 08/21/2023 (assuming works starts on the 07/24/2023)
Estimated hours of work: 120 hours
How can a reviewer check you completed your first deliverable?
The reviewer can check that the first deliverable has been completed by following these steps:
To track the progress of all deliverables, the reviewer can refer to our dedicated repository at github.com/soroswap/scf-tracker.
Esteban Iglesias (esteblock)
Founder / Senior Full-stack Blockchain Developer
As a self-motivated, versatile, and polyglot professional with over 10 years of experience in full-stack development, I am passionate about innovation, decentralization, and the power of blockchain technology. I am a Chilean with a background in electrical engineering and a master's degree in applied economics with studies in France (École Centrale Paris), UK (University of Oxford), and Chile (Universidad de Chile).
Personal Web Page / Linkedin / Github
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Francisco (_devmonster)
Senior Full-stack Blockchain Developer
Driven by curiosity and a passion for blockchain technology, I am an experienced (6 years) full-stack developer with expertise in Soroban, Ethereum, Solana, Avalanche platforms. Currently, I'm focused on developing Soroswap, a Uniswap-like AMM for Soroban. My academic foundation includes an Electrical Engineering degree from Universidad de Chile and General Engineering from Ecole CentraleSupelec, France.Linkedin / Github
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Joaquin Soza (yripper)
Full-stack Blockchain Developer
As a dedicated blockchain developer, I've immersed myself in this dynamic field for over 4 years. My self-taught journey began at the age of 14, starting with coding and Linux. My technical skills extend beyond software development, encompassing soldering and microcontrollers.
Personal Web Page / Linkedin / Github
Jose Tomas (ealric)
Frontend Web3 Developer
I’m a front-end developer with 2 years of experience building Web3 libraries in EVM blockchains and also on the EOS blockchain. I have experience building web applications as well as mobile applications. I’m Chilean with a background in mechanical engineering.
Personal Web Page / Linkedin / Github
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Our team is set for success due to our combined commitment, expertise, and dedication to the Soroban ecosystem.
As the founder, Esteban has been instrumental in building a team focused on leveraging Stellar/Soroban with new open-source products and protocols. We have a wealth of experience in blockchain development, including working with Ethereum, Avalanche, EOS, and Solana.
Our track record includes participation in events like the Soroban hackathon and Stellar annual conference, with two team members set to participate in Meridian 2023. Additionally, we possess diverse skills such as multilingual proficiency, market understanding, and a commitment to teamwork and innovation. With this collective strength, we are confident in our ability to drive positive change and contribute to the growth of the Soroban community.
The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*This budget request has been awarded to the project in XLM. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.