- 0x orderbook
- 0x protocol feature development
1M $ZRX (0xEVE note: grant would be split between $ZRX and $MATIC as the app will be multi-chain)
@usetrader on twitter
Core team is comprised of two former 0x core team members (Patryk Adas - former Matcha lead designer, and John Johnson - former Matcha lead engineer)
Trader.xyz is a dapp that provides a user-focused trading experience with the goal of becoming the flagship, 0x-powered application for discovering and trading NFTs
Funds will be used to quickly ramp up development and design capabilities to add features, grow the user base, and drive volume
Operations: marketing, artwork, general admin, expenses, taxes, etc.
Talent: 2-3 full-time, US-based developers + 1 designer + contractors-for-hire
Potential milestone payment increments:
- Integration of 0x v3 (property-based orders)
- Open marketplace (in addition to OTC)
- Multichain (Polygon initially, and any L2 chains in the future)
- Documentation and quickstart
1. Become the gold standard for exchanging NFTs with 0x protocol
2. Enable 0xDAO to build organic development capabilities
3. Improve protocol documentation and developer resources
4. Add OSS API protocol features (https://twitter.com/johnjohnson/status/1437062546628952067)
Risks include competition, mindshare, flywheel of liquidity, etc. We believe our product and team have the potential to mitigate these risks and bring to market several features and capabilities that will be market-leading.
Our team has a track record of delivering high quality projects, and In order for us to continue our work, we need capital and support. We prefer not to go the venture capital route and instead work directly with the 0xDAO for the best synergies and to align value with 0x. We proved out an initial brand, design, and engineering concept via OTC orders, and it is already the highest quality OTC swap on the market. We would like to work with 0xDAO directly to make sure 0x has a foothold in the NFT market as it continues to evolve and develop. We want to do what Matcha did for DEX ERC20 trading.
The 0xEVE team has been actively seeking out projects that will expand protocol relevance in the NFT space. In our opinion, this project presents a compelling opportunity to drive both near- and long-term impact on protocol adoption and ecosystem value capture. We are eager to work with the trader.xyz team to realize their vision and deliver results for ZRX stakeholders. While the amount requested is large, we believe the risk/reward potential is extremely favorable.
After our initial evaluation of the grant application and several discussions with the trader team, we present our scoring of the opportunity below. Please note that we are currently exploring options for structuring the payments, should the grant be approved.
Please add to the discussion and/or ask your questions in the thread below. A snapshot vote to gauge community sentiment for bringing this proposal to an on-chain vote will be posted within the next five (5) days. If approved, the grant will be disbursed from the community treasury in accordance with the terms in the final proposal (TBD).