Swap slippage-free. Priceless liquidity. - Rapha

[Hero-Gamer]

No description provided.

[Rapha-btc]

1. Total grant amount: $1,525

2. Project Description:
   Neon.Fun: An order book for Sip-10 tokens and Sip-09 tokens, including BTC to STX trades. Reminiscent of DeFi 1.0, Neon allows swapping without slippage.

Neon.Fun offers a seamless trading experience for Sip-10 and Sip-09 tokens, and BTC to STX trades. This project aims to provide an alternative to traditional AMMs and bridges, like the LINK bridge by ALEX LABs, by guaranteeing prices and ensuring peer-to-peer (P2P) trades. Our contract, a simple fork of Friedger's BTC-STX-SWAP, is being audited by Setzeus from Strata Labs and Stacks resident to ensure security and reliability. The features in the contract allow for a cooldown period to prevent surprises from Bitcoin forks, and enable both the STX-sender and BTC-sender to bid or ask on the cooled-down collateral. It is an elegant and minimalist way to match P2P cross-chain transactions, leveraging the latest libraries developed by Jude and Friedger. All limitations in prior catamaran swaps have been either overcome in this iteration or managed securely with a smart UI, which itself requires significant work but leverages previous work done by Friedger. Although the scope of this deGrant is to help with the audit of this particular contract, Neon is working on a number of other innovative contracts in the Stacks ecosystem, including projects such as Charisma and Stacks Invaders, to help advance the ecosystem as a whole.

3. Impact:
   Neon.Fun simplifies and enhances the trading experience on the Stacks blockchain, providing a slippage-free, price-guaranteed alternative for BTC to STX trades and other Sip-10 and Sip-09 tokens. This innovation is poised to attract more users to the Stacks ecosystem by offering superior trading terms.

No Slippage Swaps: Efficient and predictable trading.
Secure and Reliable: Audited by Setzeus and Stacks resident.
Market Alternative: Provides a P2P trading option against AMMs and bridges.

Save $100k in Fees (1st year) in the current STX-BTC swap market
Automatize STX - BTC market per cycle (provide further tools relying on this contract)
Innovate on custom made solution - weekly average price ect.

4. Project Timelines, Milestones, and Deliverables:

• Kick-off payment: 0% - $0
• Milestone 1: 50% - $762.50 - July 28th, 2024
• Deliverables: Initial Audit Report by Setzeus from Strata Labs
• Milestone 2: 50% - $762.50 - July 31st, 2024
• Deliverables: Updated Audit Report after remediation

5. Is / will this project be open-sourced?
   Partially open-sourced. The core contract will be open source to ensure transparency and community trust.

6. ZeroAuthorityDAO profile link:
   https://zeroauthority.xyz/profiles/SPP3HM2E4JXGT26G1QRWQ2YTR5WT040S5NKXZYFC

[Rapha-btc]

• Strata Labs' final audit report received; see below link (milestone 1 and 2 above)
• Implementing recommendations and adjusting contract
• Additional auditing support hired to review collateral-free bidding feature
• Fyi. Rebranding from neon.fun to https://www.jing.cash/ (also ongoing); parent company remains the same entity

https://docs.google.com/document/d/1PElwVAaXRPZnm8tfFs3BYEAehNPrrC5d7jamWEDUGDM/edit#heading=h.6c4ine5dvqht

[Rapha-btc]

P1 mitigation is available in this commit: Rapha-btc/gamma@a0d5235

Still working on P0 - result is currently buff[128] instead of boolean.

[Hero-Gamer]

Dear @shaktistacks this grant's Milestone 1 and 2 are both completed and approved.

Thank you @Rapha-btc for the update. Glad the community chose to support you.

1. To further support you beyond just financial means, I'd like to recommend you to contact @thiskittyisgood and PeaceLoveMusic almost our community media hub to support getting awareness and marketing, they are our media hub and connection hub, which supports any projects, including DeGrants projects.
2. If you haven't signed the grant contract please do asap.

Let us know anything else we can do to help you accelerate your project.