Detailed Plan
Background
A robust developer ecosystem is dependent upon the ability of projects to easily and seamlessly integrate. The composability of dApps, and DeFi in particular, is one of the unique and most powerful value propositions of blockchain applications. An SDK that allows for the permissionless integration of a DEX with other dApps will be a powerful tool for developers in the ecosystem.
Technical specification:
The SDK has 3 components:
1. DEX Library
This component is in charge of the business logic of our constant-product AMM like calculating the number of tokens in DEX operations, finding the best trading route, etc.
2. Plutus Application Frontend (PAF)
This component will work like the PAB (Plutus Application Backend), but on the frontend and completely decentralized (no off-chain footprints). It will take care of constructing a correct Alonzo transaction from a set of UTxOs, datums, and redeemers. This Alonzo transaction can be further consumed by SDK users to build a composed atomic transaction.
3. React component
A modern React component allows easy integration of our DEX swap interface into any application or wallet with minimal time and cost. The React component is based on the DEX Library and the PAF, and is fully customizable and stylable.
Team
Our team has experience working in big companies such as Amazon Web Services (AWS), Vingroup, Sea Group and contributing to big open source projects like Jenkins, Kubernetes, Prometheus.
We have got Innovation Award at NEO Hackathon Tokyo, thus demonstrating our knowledge about DeFi and blockchain.
We are all also part of the Plutus Pioneer Program, Alonzo White and Alonzo Purple.
We have had fully integrated DEX demos since June on our Youtube channel: https://www.youtube.com/c/MinswapDEX
Minswap won Catalyst Fund5 for proposal Minswap - Multi-pool DEX.
Definition of success/Roadmap:
- 3 months: Open-source beta version of the SDK with React component and basic documentation that is ready to be used by interested projects.
- 6 months: Polish the API and documentation, release the first stable version (v1). Establish open-source contribution standard/process and merge feature requests from the community. The SDK is expected to be used by many applications and wallets. Release Vue component.
- 12 months: The SDK is expected to be used by most applications and wallets as a standard way to swap Cardano native tokens.
Budget breakdown:
One part-time senior TypeScript engineer working in 3 months: $13200.
One full-time senior blockchain engineer working in 3 months: $26400.
The hourly rate is $50.
Expected launch date: December 20th