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| # Silent Base Project Grant Proposal | ||
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| - **Team Name:** Silent Base Team | ||
| - **Payment Details:** | ||
| - **USDC (Ethereum):** 0x6cB895e802E59d90A445B573307509Ea334189Cf | ||
| - **Level:** 1 | ||
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| ## Project Overview :page_facing_up: | ||
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| ### Overview | ||
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| - **Silent Base** is a decentralized orderbook protocol on Ethereum Layer 2. | ||
| - The platform offers staking, an invite-to-earn program, and a bridge for cross-chain asset transfers. | ||
| - Our project is designed to enhance the scalability and usability of decentralized finance (DeFi) on Layer 2 Ethereum solutions like Base, Arbitrum, or Optimism. | ||
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| ### Project Details | ||
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| We plan to implement the following: | ||
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| - **Decentralized Orderbook**: A core order matching engine with UI components for users to place and track their orders. | ||
| - **Cross-chain Bridge**: A secure bridge to facilitate asset transfers between Ethereum and other Layer 2 solutions. | ||
| - **Staking and Rewards System**: An on-chain staking mechanism that offers users rewards for participating in the platform. | ||
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| We will use the following technology stack: | ||
| - **Smart Contracts**: Solidity-based contracts on Ethereum Layer 2 | ||
| - **Frontend**: React with Web3 integrations | ||
| - **Backend**: Node.js for off-chain services such as notifications and analytics | ||
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| ### Screenshots and Previews | ||
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| 3.  | ||
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| ### Ecosystem Fit | ||
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| - Silent Base operates within the **Ethereum Layer 2** ecosystem, helping solve high transaction fees and slow speeds. | ||
| - **Target Audience**: DeFi users, DApp developers, and users of decentralized trading platforms. | ||
| - **Unique Proposition**: Unlike other decentralized exchanges (DEXs), Silent Base focuses on scalability using Layer 2 solutions and an advanced cross-chain bridge. | ||
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| ## Team :busts_in_silhouette: | ||
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| ### Team member | ||
| - **Team Lead & Developer**: Kelvin Yuli Andrian ([linkedin](https://linkedin.com/in/kelvinzer0)) | ||
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| ### Contact | ||
| - **Contact Email**: [email protected] | ||
| - **Website**: [silentbase.xyz](https://silentbase.xyz) | ||
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| ### Team's experience | ||
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| Our team has experience building smart contracts, Layer 2 solutions, and other DeFi projects. | ||
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| ### Team Code Repos | ||
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| - https://github.com/SilentBaseXYZ | ||
| - https://github.com/kelvinzer0 | ||
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| ## Development Status :open_book: | ||
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| - **Research**: We have explored different Layer 2 solutions and bridges. | ||
| - **Prototypes**: We have a working prototype of the decentralized orderbook engine. | ||
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| ## Development Roadmap :nut_and_bolt: | ||
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| ### Overview | ||
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| - **Total Estimated Duration:** 3 months | ||
| - **Full-Time Equivalent (FTE):** 2 FTE | ||
| - **Total Costs:** **9,000 USD** | ||
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| ### Milestone 1 — Core functionality | ||
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| | Number | Deliverable | Specification | | ||
| | -----: | ----------- | ------------- | | ||
| | **0a.** | License | MIT | | ||
| | **0b.** | Documentation | Inline documentation and a basic tutorial on interacting with the orderbook and staking. | | ||
| | **0c.** | Testing Guide | Comprehensive unit tests with instructions on running them. | | ||
| | **0d.** | Docker | A Dockerfile for local deployment of the platform. | | ||
| | 1. | Orderbook Engine | A working order matching engine with basic frontend. | | ||
| | 2. | Cross-chain Bridge MVP | Basic bridge for transferring assets between Ethereum and one Layer 2 chain. | | ||
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| ### Milestone 2 — Additional features | ||
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| | Number | Deliverable | Specification | | ||
| | -----: | ----------- | ------------- | | ||
| | **1.** | Staking System | A staking contract with reward distribution. | | ||
| | 2. | Improved Bridge | Expanded cross-chain compatibility. | | ||
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| ## Future Plans | ||
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| - We aim to continuously improve Silent Base by adding more Layer 2 chains and refining the staking system. | ||
| - We plan to integrate further with Ethereum Layer 2 solutions to scale our decentralized exchange operations. | ||
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| ## Additional Information :heavy_plus_sign: | ||
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| **How did you hear about the Grants Program?** Community discussions. |