Please describe your proposed solution.
AdaWealth is a non-custodial digital asset management platform that allows users to create or invest in funds on Cardano while keeping full custody of their investments.
The platform is unique in that it is the first non-custodial DeFi platform on Cardano. This means that users retain full control of their funds at all times, and they are not subject to the risks associated with centralized platforms.
Managers can:
- Trade on-chain using Indigo
- Swap on-chain using Wingranger DEX and MIN SWAP
- Earn performance fees from investors
Investors can:
- Freely invest into or withdraw from any AdaWealth fund at any time.
- Have more experienced traders manage their capital and risk.
- Base investment decisions on detailed historical metrics across all funds.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
AdaWealth is important to Cardano because it can help to grow the Cardano ecosystem. By making it easier for users to manage their Cardano investments, AdaWealth can attract new users to the Cardano ecosystem.
We believe that AdaWealth has the potential to make a significant impact on the Cardano ecosystem. We are committed to building a platform that is secure, reliable, and user-friendly. We believe that AdaWealth can help to make Cardano the leading platform for DeFi.
Here are some specific examples of how AdaWealth will demonstrate or prove its impact:
- We will track the number of users who create or invest in funds on the platform.
- We will track the amount of Cardano that is managed on the platform.
We believe that these metrics will demonstrate the impact of AdaWealth on the Cardano ecosystem.
How do you intend to measure the success of your project?
- Adoption and Engagement
- Number of users who create or invest in funds on the platform. This is a good measure of the number of people who are using AdaWealth and the level of engagement they are having with the platform.
- Amount of Cardano that is managed on the platform. This is a measure of the value of the assets that are being managed on AdaWealth.
- Number of transactions on the platform. This is a measure of the activity that is happening on AdaWealth.
- Level of community engagement. This can be measured by tracking the number of active discussions, contributions, and collaborations related to AdaWealth.
- User feedback and opinions. This can be gathered through surveys, interviews, and other methods.
2. Liquidity and Market Impact
- Total value locked (TVL) on the platform. This is a measure of the amount of assets that are staked on AdaWealth.
- Growth in liquidity within the Cardano ecosystem. This can be measured by tracking the volume of Cardano that is being traded on AdaWealth and other Cardano DeFi platforms.
- Impact on trading volumes, market depth, and overall market activity. This can be measured by tracking the volume of Cardano that is being traded on centralized exchanges and other DeFi platforms.
- Growth in the number of assets available for staking. This can be measured by tracking the number of Cardano-based tokens and assets that are supported by AdaWealth.
3. Ecosystem Growth and Development
- Number of projects that are leveraging AdaWealth to incentivize participation, liquidity provision, and engagement. This is a measure of the impact that AdaWealth is having on the Cardano DeFi ecosystem.
- Growth of the Cardano DeFi ecosystem in terms of the number and variety of projects utilizing the platform. This can be measured by tracking the number of new projects that are launching on Cardano and the variety of DeFi products and services that are available.
- Number of new users attracted to the Cardano ecosystem as a result of AdaWealth. This is a measure of the impact that AdaWealth is having on the growth of the Cardano ecosystem.
- Testimonials or qualitative feedback from users, projects, and community members. This can be gathered through surveys, interviews, and other methods.
Please describe your plans to share the outputs and results of your project?
To share the outputs and results of the project, the following plans can be implemented:
- Publish white papers, blog posts, and other technical documentation. This will help to educate the community about the project and its potential benefits.
- Present at conferences and meetups. This will give us the opportunity to share our findings with a wider audience.
- Collaborate with other projects in the Cardano ecosystem. This will help to promote the adoption of AdaWealth and its integration with other DeFi products and services.
- Create a user forum or community chat. This will provide a space for users to ask questions, share feedback, and collaborate with each other.
- Release the source code under an open-source license. This will allow other developers to build on our work and contribute to the project.
We plan to spread the project's outputs over a reasonable timescale by gradually releasing new features and updates. We will also work to promote the project through social media, online channels, and other means.
We will share the outputs/impact and opportunities that will arise as a result of our completed project with the following groups:
- The Cardano community. We will share our findings with the Cardano community through blog posts, presentations, and other channels.
- DeFi developers. We will work with DeFi developers to integrate AdaWealth with other DeFi products and services.
- Researchers. We will share our findings with researchers to help them to understand the potential of AdaWealth and its impact on the Cardano ecosystem.
We expect to use the results generated from the project in further research and development activities. We will also use the results to improve the AdaWealth platform and make it even more user-friendly and secure.
We believe that the AdaWealth project has the potential to make a significant impact on the Cardano ecosystem. We are committed to sharing the outputs and results of the project with the community and working to promote its adoption.