Electron
We have decided to award a $70,000 grant to the Hopers team to build Electron, a Neutron-native DEX, which we believe will help expand Neutron's existing DeFi community given the Hopers team's extensive experience building applications and communities within the Cosmos.
April 24, 2024
70000
Neutron Grants Program Batch #3 — Electron
Thesis
We have decided to award a $70,000 grant to the Hopers team to build Electron, a Neutron-native DEX, which we believe will help expand Neutron's existing DeFi community given the Hopers team's extensive experience building applications and communities within the Cosmos.
Summary
Electron DEX is a cutting-edge DeFi protocol and DEX designed to seamlessly integrate real-world assets with digital currencies. Developed by the Hopers (https://www.hopers.io/) team and built on Neutron, it provides a secure and transparent platform for trading both cryptocurrencies and physical assets in the future.
Grant Deliverables
The deliverables are as follows:
- Successfully deploying the Electron DEX on Neutron’s Mainnet
- Hitting the following KPIs: (1) Hitting $1.5M TVL which is sustained for at least a day; (2) Averaging $5M in trading volume on Electron over a week
For Milestone 1 completion, the criteria are as follows:
- Successfully deploying the Electron DEX on Neutron
For Milestone 2 completion, the criteria are as follows:
- (1) Hitting $1.5M TVL which is sustained for at least a day; (2) Averaging $5M in trading volume on Electron over a week
Grant Payment Terms
- Upfront Payment: $25,000 USDC
- Milestone 1 Payment: $25,000 USDC
- Milestone 2 Payment: $20,000 USDC
Further information
- Website: https://www.electronprotocol.io/
- Social Media: https://twitter.com/Hopers_io