Please describe your proposed solution.

The Optim-Account is a natural and ambitious extension of Optim's innovative implementation of transaction chaining combined with other on and off chain optimizations live and in use for Optim's Liquidity Bonds product(live for 1 year with 70 Million ADA successfully transacted)

The concept of Optim-Account is conceived as a response to inherent limitations within Cardano's existing architecture, particularly addressing issues related to transaction concurrency and composability limitations arising from deterministic processing. Rooted in a comprehensive understanding of blockchain mechanics and user experience, the Optim-Account system introduces a paradigm shift in how transactions are structured and executed within the Cardano ecosystem.

At the core of the Optim-Account system is the concept of intent-based transactions, which diverges from traditional direct blockchain transaction submissions. Users articulate their transactional goals as 'intents', a digital method of conveying desired outcomes without immediately initiating on-chain operations. These intents offer a simpler, more abstract yet precise interaction with the blockchain, easing complexity.

Intent-Based Transactions focus on specifying the "what" rather than the "how" of desired outcomes. Traditional transactions require users to define every parameter, but intents allow users to state their end goals and leave execution to 'solvers'. For example, traditional transactions might demand "do A then B, pay C to get X," while intent-based transactions would simply state "I want X and am willing to pay up to C", letting solvers handle technical details.

The process of conveying user intents in the Optim-Account is akin to sending messages. Users articulate their transactional needs in the form of these messages, which encapsulate the essence of their intended blockchain interactions. This abstraction not only simplifies the user experience but also enhances the system's efficiency.

By decoupling the user's direct engagement with the blockchain's intricacies, the system effectively opens the door to a more intuitive and accessible blockchain experience, even for users who may not possess extensive technical knowledge of blockchain operations.

Please define the positive impact your project will have on the wider Cardano community.

The Optim-Account system marks a significant advancement in the Cardano ecosystem, addressing key challenges like transaction efficiency and composability. By integrating sequencers and intent-based processes, it addresses issues like concurrency and resource contention, offering a practical approach to enhancing Cardano’s capabilities. This system is an important step in evolving blockchain interactions, combining technical improvements with a focus on user needs.

As the system approaches its Mainnet Beta release, it aspires to contribute positively to the Cardano ecosystem. This upcoming release is an important milestone, focusing on functional deployment while emphasizing stability and security in blockchain transactions.

By acting as a virtual ledger layer that integrates relatively easily into Cardano’s existing architecture and infrastructure, dApps and Cardano users can derive value and expect a widespread impact on the ecosystem. Composable dApps and account abstraction are just a few of the user experience improvements that the Cardano community can expect.

We will measure impact in a number of ways

• Number of dApps using the Optim-Account model
• Amount of ADA transacted via Optim-Account dApps
• New use cases and DeFi functions enabled by Optim-Account
• Number of Optim-Accounts created
• Amount of ADA held in Optim-Accounts

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Optim Finance has notably achieved a substantial milestone with the successful launch of a functional dApp, achieving top 5 TVL on Cardano. We’ve safely handled nearly 70 million ADA on our dApp in the past year. Our inaugural product, Liquidity Bonds, an innovative addition to the DeFi landscape, distinguishes itself by its uniqueness within the crypto space. This accomplishment underscores the team's capacity for not only conceiving but also effectively implementing groundbreaking DeFi solutions.

The team's ability to introduce novel financial instruments showcases a forward-thinking approach that contributes to the diversification and enrichment of the broader DeFi ecosystem, transcending conventional paradigms.

Critical to Optim Finance's achievements is its strategic alignment with Cardano's unique capabilities. By leveraging the distinct features of the Cardano blockchain, the team has demonstrated not only the conceptualization of pioneering products but also the agile and cost-effective deployment of these solutions. Optim’s track record underscores the team's adeptness at leveraging Cardano's strengths and showcases the efficient delivery of DeFi solutions.

The team's proven ability to innovate, design, and swiftly deploy DeFi products meets the evolving needs of the decentralized finance landscape, solidifying their role as leaders in the ongoing narrative of DeFi innovation.

What are the key milestones you need to achieve in order to complete your project successfully?

Deliver the basic feature extensions, bridging beyond Optim's current architecture to an Optim-Account implementation showcasing the main features of the system.

Milestone outputs include on and off chain proof of a working sequencer, intents, and basic account-based actions such as gas and autonomous transactions working on testnet.

>Showcase the first dApp using the basics of the Optim-Account architecture during a functioning mainnet Beta.

The milestone will be confirmed by implementing a useable dApp whereby a user can feed tx fee gas into an Optim-Account then have it execute automatic, intermittent airdrop claims autonomously based on eligible Liquidity Bonds confirmed in wallet.

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Who is in the project team and what are their roles?

Ethan Protas - Product lead

Zygomeb - Tech lead

Experience - Minswap, MLabs, IOHK

Consistently delivered/shipped high quality DeFi protocols to mainnet

Clear track record of successfully delivering dApps that are widely adopted

Website: https://www.optim.finance/

Please provide a cost breakdown of the proposed work and resources.

To be submitted

How does the cost of the project represent value for money for the Cardano ecosystem?

The cost of the project in the context of the Cardano ecosystem signifies a strategic investment in value creation and sustainable growth. By allocating resources to this initiative, the Cardano ecosystem is positioned to reap multifaceted benefits that extend beyond the immediate financial expenditure.

The Optim Account System allows for the development and implementation of new solutions, features, or products that enhance the overall capabilities and functionality of the Cardano blockchain. This infusion of resources contributes to maintaining Cardano's competitive edge in the rapidly evolving landscape of blockchain technology.

By investing in projects that align with Cardano's values, the ecosystem ensures that advancements benefit a broad spectrum of users and stakeholders. This inclusivity fosters a sense of ownership and participation, reinforcing Cardano's democratic and decentralized ethos.

In essence, Optim Account translates into value for money by catalyzing innovation, nurturing community dynamics, and fortifying the principles that underpin the Cardano ecosystem. It positions Cardano as not just a blockchain platform but as a dynamic and forward-looking ecosystem that delivers tangible and sustainable benefits to its users and the broader blockchain community.