Please describe your proposed solution.

Our solution entails developing a decentralized protocol for perpetual contracts on Cardano. This will allow users to trade derivatives with leverage in a non-custodial manner. The protocol will include features like automatic liquidation and margin management, ensuring a secure and efficient trading environment.

TBD

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

The development and successful launch of the Cardano Perpetual Protocol will have a multifaceted positive impact on the wider Cardano community:

1. Enhancing the DeFi Ecosystem: By introducing a decentralized derivatives trading platform, the project will significantly enrich Cardano's DeFi offerings. This will attract a broader user base interested in advanced financial instruments, thereby increasing the overall utility and appeal of the Cardano blockchain.
2. Demonstrating Cardano's Technical Capabilities: The implementation of complex financial instruments like perpetual contracts showcases the advanced capabilities of Cardano's smart contract platform. Successfully executing such a sophisticated project serves as a testament to the robustness and versatility of Cardano's technology.
3. Community Engagement and Education: Through this project, we aim to foster greater community engagement. Educational initiatives around derivatives trading and the use of our protocol will empower users with knowledge, enabling informed participation in the DeFi space.
4. Driving Adoption and Innovation: By providing new functionalities, the protocol will not only attract traders and DeFi enthusiasts but also inspire other developers and innovators to build on Cardano, contributing to a more vibrant and dynamic ecosystem.
5. Economic Growth within the Ecosystem: Increased transaction volume and user engagement on the platform will lead to higher demand for ADA, Cardano's native cryptocurrency, potentially positively impacting its value and the economic health of the ecosystem.

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?

Our team has previous experience developing DeFi applications such as the biggest Cardano DEX Aggregator DexHunter. We'll conduct alpha and beta testing phases to validate our approach, with ongoing community feedback and audits.

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

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

CEO @ DexHunter https://www.linkedin.com/in/nikita-melentjevs/

Project lead, business, and partnership development

CTO @ DexHunter https://www.linkedin.com/in/edoardo-carlo-salvioni/

Blockchain and backend development

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

TBD

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

The cost is justified by the potential to significantly enhance Cardano's DeFi ecosystem, drawing in new users and developers, and showcasing the capabilities of Cardano's smart contract platform.