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Swaplace

Cross-chain P2P OTC Swap Protocol

0xcbd...9d804
0xcbd...9d804
67 weeks ago
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What are you building

Swaplace is a P2P DEX, Ownerless, Open-source, Cross-Chain and Feeless environment for Swaps and OTC market. The project's goal is to create an infrastructure capable of being modular to create new approaches of swaps above it, this allows the community to use it as an SDK for new business models and businesses to use HTML for integrating into their apps.

Why does OTC matter for the ecosystem?

Liquidity Pools come with inherent constraints, particularly for coins with smaller market capitalization and lower liquidity. Traders dealing with lower-cap assets frequently encounter significant impacts in terms of price differences and slippage. Platforms like Swaplace offer traders an alternative space for the purchase and sale of tokens.

An OTC is a market for trading anything, much like Swaplace. It is P2P but also P2N, allowing users to decide to trade with one person or be open to anyone. Furthermore, beyond the completeness of the dApp itself, we are an infrastructure that enables people to build on top of the Swaplace technology. This allows the creation of diverse dApps and protocols, fostering the growth ecosystems with ease.

The platform facilitates P2N, offering seamless transactions and the potential for cross-chain functionality. Firstly utilizing the ERC20 and ERC712 swap model, Swaplace prioritizes its focus on the OTC market, contributing to the infrastructure growth of the entirely ecosystem. In the V1, the platform looks forward to integrating cross-chain technology through CCIP (to unlock the liquidity of various chains), showcasing its dedication to innovation and expanding user opportunities.

In which stage is the project currently?

Right now we delivered 90% of the smart contracts necessary for running the V1 of the protocol, as you can see on our GitHub in the links below.

We are at this right moment finishing the landing page and dApp for the application being used with a great UX and implementing CCIP (cross-chain) for swaps in a bunch. Bellow in “milestone” we show accurately how de roadmap will be.

Side-by-side to this we are building and planning a community-driven protocol, we are setting up GitHub Projects to receive feedback from the community and to share news about the development itself.

And the other hand, we are planning the V2 of the protocol, SDK and HTML, with new functions that we are very excited to show to the community.

Here is a video showing the User Experience for swapping assets in Swaplace. https://youtu.be/7Evs-Sn6Px8

Where are you heading with this grant?

Swaplace was born as an Open-source project designed for Public Goods applications. Started with the idea of being a community-driven construction, as the contracts cannot be upgraded, have no ownership, don't charge fees, their complex mechanics should be built by the community using the interface of Swaplace, there are no external contract dependencies and the protocol itself operates using allowances.

For sure that we will continue the development of Swaplace dApp and Infrastructure. In one hand, we want to build features as Chatting, Order matching, notifications on chain, HTML applications for dApps that wants an interface like that. And in the side of the Infrastructure, we will build new functions like Functions Swap, this will allow user swap functions like Ownership, voting delegate, function calls and approvals.

What are your metrics of success?

Our metrics of success rely both in Development and Community interfaces.

The first one, related to the Development side is:

  • Success in development and deployment of the Front-end interface of Swaplace, with tests been done.
  • Success in delivering the Smart Contract Operator, optimizations and SubGraph deployed
  • Documentation and GitBook complete for using the functions for any developer that wants to build with Swaplace.

The second one, related to the Dev Community Engagement

  • At least 10 people in the community engaged in the tasks in Github Projects for collective construction in the first 6 months after deployment.
  • At least 10 forks in the repository of the Github in the first 6 months of deployment.

Tell us about the team… why you?

Guilherme Neves - Blockchain and Smart Contract Engineer

  • Contributor for the blockchain ecosystem, built different applications in blockchain
  • Winner of more than 5 Hackathons including 2 from Ethereum.
  • Github: https://github.com/0xneves

Alex T Netto - Blockchain and Smart Contract Engineer

  • 11º Top Delegate from ENS Protocol
  • Chainlink Advocate and Contributor for the blockchain ecosystem
  • Winner of more than 7 Hackathons including ETHSão Paulo, ETHSamba and ETHGlobal NY
  • GitHub: https://github.com/Alextnetto

Gabriel Novak - Business Developer

Franco Aguzzi - Front-end Engineer

Daniela Zschaber - Product Marketing Manager

  • Chainlink Community Advocate
  • Post graduate professor in Web3 MBAs and colleges
  • Winner of Ethereum Argentina Hackathon
  • Speaker at ETH Belgrade, Ethereum Argentina, SmartCon and the main events in Brazil
  • Linkedin: https://www.linkedin.com/in/daniela-zschaber/

Funding disbursement schedule

Objective of this funding:

  • Launch the V1 of Swaplace Application (Design, Front-end, Smart Contracts and OpenGraph);
  • Prepare the Github and Documentation for Swaplace infrastructure to be used by the developers;
  • Implement CCIP
  • Deploy on mainnet.

Additional resources, links, and portfolio

Blockful provides DeFi infrastructure and Smart Contract creation services for protocols, DAOs, financial institutions, fintechs, and entrepreneurs with blockchain projects.