Stellar Community Fund

By Hoops Finance

Risk-Assessed Analytics and Automated Liquidity Management

SCF #30

$100.0K

Build

Awarded

Hoops Finance offers a user-centric DeFi platform for multi-token management, liquidity swaps, and universal savings, empowering users and developers with real-time analytics and seamless token exchanges.

Products & Services

1. Data Indexer and Oracle Services

Description: This product will aggregate real-time financial data from various DeFi protocols and provide off-chain data proofs through oracle services. It will offer comprehensive market data, transaction history, and sentiment analysis to users. Key Features:

Real-Time Data Indexing: Aggregates and indexes financial data from multiple Soroban DeFi protocols.
Oracle Services: Provides verified data proofs from off-chain sources.
Sentiment Analysis: Integrates sentiment analysis tools for market trends based on social media and historical data. Stellar Integration:
Data Storage: Utilize Stellar’s blockchain to store indexed data, through an Oracle contract, ensuring transparency and immutability.
Interoperability: Leverage Stellar’s interoperability features to fetch and verify data from off-chain sources. Impact:
Enhanced Decision-Making: Provides users with reliable and transparent access to financial data, improving investment strategies.
Increased Trust: Uses Stellar’s secure ledger to build user trust in the data provided.
Improved Risk Assessment: Sentiment analysis enhances risk management by providing deeper insights into market trends.

2. DeFi Protocol with Automated Liquidity Management

Description: This product will offer a comprehensive DeFi platform with features such as automated liquidity management, customizable smart savings accounts, and advanced portfolio management tools. Users will be able to create and manage custom trading strategies and risk profiles through an intuitive user interface. Key Features:

Automated Liquidity Management: Manages liquidity across multiple pools and protocols using advanced algorithms.
Customizable Smart Savings Accounts: Allows users to create personalized savings accounts with custom strategies and risk profiles.
Advanced Portfolio Management: Provides tools for creating, managing, and optimizing digital asset portfolios.
Custom Strategy Builder: Enables users to automate trades based on custom strategies directly through the user interface. Stellar Integration:
Smart Contracts: Utilize Stellar’s smart contracts (Soroban) to automate liquidity provision, enforce custom strategies, and manage funds securely.
Decentralized Exchange (SDEX): Integrate with Stellar’s decentralized exchange for real-time trading and portfolio adjustments. Impact:
Increased Efficiency: Automates liquidity management and trading strategies, reducing manual effort and improving investment returns.
Enhanced User Experience: Provides tailored financial solutions and an intuitive interface to manage investments seamlessly.
Broadened Accessibility: Expands access to decentralized finance by offering user-friendly tools and automating complex processes.
Built Trust: Leverages Stellar’s secure and transparent environment to ensure user confidence in the platform’s reliability and security.

Soroban

Yes

Requested Budget

$100.0K

Success Criteria

Key Metrics

User Engagement:
- Active Users: A growing number of active users.
- User Retention: High retention rates.
Partnerships:
- Ecosystem Integrations: Successful partnerships with multiple projects.
- Enterprise Clients: Acquisition of enterprise customers.
Platform Performance:
- Reliability and Uptime: High reliability.
- Scalability: Scalable infrastructure.
Revenue Growth:
- Subscription Services: Steady growth in revenue.
- Pro Dashboard: Successful monetization.
- Liquidity Management: Fees from LP tokens and swaps.

Impact Metrics

Market Influence:
- Market Data Authority: Trusted source for accurate market data.
- Soroban Visibility: Increased visibility and integration.
Ecosystem Growth:
- Innovation: Drives ecosystem innovation.
- Community Engagement: Strong, engaged community.
User Empowerment:
- Financial Decisions: Tools for informed decisions.
- Accessibility: Financial tools for all users.
Social Impact:
- Financial Inclusion: Promoting financial inclusion worldwide

Go-To-Market Plan

After completing our submission, our go-to-market strategy will focus on multiple channels to ensure broad reach and engagement within the ecosystem, along with establishing a foundation for sustainable growth and adoption:

Social Media Presence and Automation:
- Automated Market Data Posting: We will leverage automation tools to consistently post relevant market data, insights, and updates across our social media channels. This will enhance our visibility and establish us as a trusted source of information in the market.
- User Engagement: Inviting users to explore and use our free platform through engaging content, tutorials, and community interaction. This will help build a loyal user base and drive initial adoption.
Partnerships with Ecosystem Projects:
- Collaborations: We aim to partner with various projects within the ecosystem to integrate specific functionalities and enhance our platform’s capabilities. These partnerships will not only strengthen our platform but also foster a collaborative environment in the ecosystem.
- Infrastructure Utilization: By offering our infrastructure to current and future projects, we will create a mutually beneficial relationship that promotes growth and innovation across the board.
Enterprise and Financial Institutions:
- Premium Offerings: We will offer our platform’s advanced features and infrastructure to enterprise customers and private financial institutions for a premium. This will open up new revenue streams and establish our platform as a robust solution for high-end users.
- Tailored Solutions: Providing customized solutions to meet the specific needs of enterprise customers and financial institutions, thereby ensuring a higher value proposition.
Pro Dashboard Development:
- Advanced Features: The creation of a pro dashboard will include advanced signals, custom portfolio strategies, and other premium features that cater to professional traders and institutional investors.
- Unique Value Proposition: This pro dashboard will set us apart by providing users with unique tools and insights, thereby boosting Soroban’s visibility and accessibility.
Community Building and Support:
- Educational Content: Developing and distributing educational content such as webinars, tutorials, and guides to help users understand and leverage our platform effectively.
- Customer Support: Establishing a robust customer support system to assist users, gather feedback, and continuously improve our offerings.
Marketing and Outreach:
- Targeted Marketing Campaigns: Running targeted marketing campaigns to reach potential users and stakeholders within and beyond the ecosystem.
- Events and Conferences: Participating in industry events, conferences, and webinars to showcase our platform and network with potential partners and customers.

Traction Evidence

Our project demonstrates significant traction and validation within the Stellar ecosystem and beyond. We are currently tracking all AMM transactions from Soroswap, Phoenix, and Aquarius, as well as partially tracking Comet, highlighting our platform's growing financial impact. Our user engagement is robust, with over 50,000 combined impressions on X (formerly known as Twitter), reflecting strong community interest and interaction with our updates. We have received substantial support from key players, including Easy A, Stellar’s official channels, and various ecosystem protocols and projects, which have enhanced our platform’s capabilities and user experience. In addition, we have conducted numerous discovery interviews via Discord and Google Meetings and participated in events like Consensus and Cornell Blockchain to gather direct feedback. We have also actively sought validation through in-person channels, such as presenting at StartupGrind NYC (video link), signing up for CubeSummitNYC, and preparing to present at Meridian 2024. Our commitment to transparency is evident as we build everything in public and engage in continuous conversations with ecosystem partners and SDF developers. This comprehensive approach underscores our project's traction and validation, positioning us well within the Stellar community and the broader blockchain industry.

Tranche 1 (Deliverable Roadmap) - MVP

It is important to note that all data indexed by our platform has always been mainnet data. Therefore, we are arranging the tranches based on the progression of Soroban smart contract functionality, rather than the indexer itself.

Deliverable 1: Proof of Concept and Simple MVP
Brief Description:
- Presented a proof of concept at the Easy A Consensus hackathon, showcasing a simple MVP with Soroban financial data on a liquidity pair.
Completion Metrics: - Demonstrated functionality during the hackathon.
- Simple MVP deployed with live Soroban data.
- Status: Completed ✅
- Completion Date: June 2024
- Budget: $0
Deliverable 2: Public Swap Page UI and Savings Account UI
Brief Description:
- Develop the user interface for the public swap page and savings account, allowing users to interact with the platform's DeFi features.
Completion Metrics: - UI components live and accessible to users.
- Positive user feedback on usability and design.
- Status: Ongoing ⚙️
- Completion Date: September 2024
- Budget: $10,000

Tranche 2 (Deliverable Roadmap) - Testnet

Deliverable 3: Improved UI and Data from Soroswap
Brief Description:
- Launched an improved user interface with updated data from Soroswap. This marked the beginning of the indexer and the testing phase for the proof of concept, incorporating community and customer feedback.
Completion Metrics: - Updated UI live with enhanced usability. - Data from Soroswap integrated and displayed accurately.
- Indexer tested and adjusted based on user input.
- Status: Completed ✅
- Completion Date: August 2024
Deliverable 4: Swaps and Savings Accounts on Testnet
Brief Description:
- Implement swaps and savings account functionalities on the testnet, allowing for comprehensive testing and feedback collection.
Completion Metrics: - Swaps and savings accounts features deployed on testnet.
- Active testing and feedback collection from users.
- Status: Ongoing ⚙️
- Budget: $10,000
- Completion Date: November 2024

Tranche 3 (Deliverable Roadmap) - Mainnet

Deliverable 5: Integration of Phoenix, Soroswap, and Aquarius into Indexer
Brief Description:
- Integrated Phoenix, Soroswap, and Aquarius protocols into the platform's indexer, ensuring comprehensive data coverage.
Completion Metrics:
- Data from Phoenix, Soroswap, and Aquarius indexed and displayed accurately on the platform.
- Status: Completed ✅
Deliverable 6: Integration of Blend Weighted Pools and Backstop Functionality
Brief Description:
- Integrate Blend weighted pools and backstop functionality into the platform, enhancing liquidity management.
Completion Metrics:
- Weighted pools and backstop functionality implemented and operational.
- Status: Ongoing ⚙️
- Budget: $10,000
- Completion Date: November 2024
Deliverable 7: Savings Accounts and Swaps on Mainnet
Brief Description:
- Launch savings accounts and swaps functionalities on Soroban mainnet, managed by an Automated Liquidity Manager utilizing our oracle.
Completion Metrics: - Savings accounts and swaps features live on mainnet.
- Automated Liquidity Manager operational, leveraging real-time data from the indexer.
- Status: Ongoing ⚙️
- Budget: $20,000
- Completion Date: Q1 2025
Deliverable 8: Add Lending Pools, Borrowing/Lending Capabilities, and New Routes for Aggregation
Brief Description: - Integrate lending pools into the platform's indexer and enable smart accounts to borrow and lend.
- Develop and implement new routes for liquidity aggregation.
Completion Metrics: - Lending pools indexed and data available. - Borrowing and lending functionalities live for smart accounts.
- New aggregation routes operational.
- Status: Planned 🗓️
- Budget: $25,000
- Completion Date: Q1 2025
Deliverable 9: Allow Users to Deposit Liquidity Tokens and Add Multi-Hops for Aggregator
Brief Description: - Enable users to deposit liquidity tokens into their accounts for direct management.
- Implement multi-hop functionality for the liquidity aggregator.
Completion Metrics: - Liquidity token deposit functionality live.
- Multi-hop aggregation feature operational.
- Status: Planned 🗓️
- Budget: $5,000
- Completion Date: Q1 2025
Deliverable 10: Add Subscription System, Sentiment Analysis, Advanced UI for Smart Accounts, and Market for Liquidity Pool Deposits
Brief Description: - Develop a subscription system to provide access to advanced API data unavailable in the public API. - Implement sentiment analysis based on fundamental analysis (text and social media) and technical analysis of historical data to track trends. - Develop an advanced user interface allowing users to manually specify every operation, including protocol, tokens, and liquidity pools.
- Create a market for liquidity pool deposits to enable more fluid liquidity redistribution across markets.
Completion Metrics: - Subscription system live and operational. - Sentiment analysis functionality operational and providing accurate insights. - Advanced UI live and providing extensive customization options.
- Liquidity pool deposit market operational and facilitating liquidity redistribution.
- Status: Planned 🗓️
- Budget: $20,000
- Completion Date: Q1 2025