Please describe your proposed solution.
The current state of DeFi Apps are notoriously complex to use and it is not a skill everyone can master. One of the main challenges facing DeFi today is the accessibility and scalability with subpar UX. Furthermore, high gas fees and impermanent losses are one of the biggest barriers to DeFi.
When you download the Singular App, you can access to sophisticated risk management that lead to direct investments via self-learning artificial intelligence (AI ) investment algorithms.
Investors can get access to first-class DeFi investing tools without paying any gas fees. In addition to high-yield staking, and access to professionally managed decentralized assets. Our goal is to create universal financial access to the underbanked globally.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
Aims addressed by the proposal:
- Democratizing decentralized finance (DeFi) and financial tools
- Making DeFi accessible to a broader audience
- Offering user-friendly mobile application for DeFi services
- Bridging the gap between traditional finance and the Cardano blockchain
- Providing access to institutional-grade trading strategies
Impact and value to the Cardano ecosystem:
- Attracting new users to the community
- Strengthening the Cardano ecosystem
- Enhancing expertise through the involvement of DeFi experts
- Bridging traditional finance and blockchain technology
- Making DeFi user-friendly and accessible through a mobile application
Quantifying the impact:
- Exact figures cannot be determined without specific data or projections
- Potential to attract a significant number of new users
- Appeal to individuals new to DeFi or seeking a simplified experience
- Contribution to the growth and strength of the Cardano community
How do you intend to measure the success of your project?
- No of users active engagement , WAU and DAU
- Total Value Locked within the Cardano DeFi protocol
- Total Value Locked for Singular Dollar for DAO governance and voting rights.
- No of engagements to Singular's sophisticated risk management that lead to direct investments via self-learning artificial intelligence (AI )
Please describe your plans to share the outputs and results of your project?
To spread the project's outputs over a reasonable timescale, we have a comprehensive plan for sharing the outputs, impacts, and opportunities that arise from the completed project. Our dissemination strategy includes the following steps:
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Community Engagement: We will actively engage with the Cardano community through various channels such as forums, social media platforms, and community meetup
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Partnerships and Collaborations: We will seek partnerships with industry players, financial institutions, and decentralized finance platform
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Conferences and Events: We plan to participate in relevant conferences, industry events, and workshops to present the project's outcomes and insight
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Publications and Research Papers: We will publish research papers and technical documentation outlining the methodologies, innovations, and lessons learned from the projec
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Developer Community: We will actively engage with developers and provide open-source access to relevant components of our project.
By sharing the outputs and impact of our completed project through these channels, we aim to create awareness, foster collaboration, and catalyze further innovation in the Cardano ecosystem and the broader blockchain community. The results generated from the project will serve as a foundation for future research and development activities, providing valuable insights, best practices, and potential directions for improvement and expansion.