Grant ID: 8685yrubz
SmartWhales builds an on-chain copy-trading platform to allow investors to follow the smartest DEX traders and invest together with the most profitable Crypto Funds. We utilize multiple chains (e.g. Optimism, Arbitrum, BSC) to capture the most profitable wallets and “mirror” their trades to capture most of the market potential. Our decentralized infrastructure allows users to take gains at any time and hold funds in their wallets. We aim to foster the adoption of The Graph buy utilizing subgraphs and substreams for ERC20 transfers and balances.
Describe what your project does or is aiming to do in 50 characters or less:
SmartWhales builds an on-chain copy-trading platform to allow investors to follow the smartest DEX traders and invest together with the most profitable Crypto Funds.
If available, please enter a link to your project below:
How far along are you?:
We aim to launch MVP in November 2023.
Why did you pick this idea to work on? Do you have domain expertise in this area? How do you know people need what you’re making?:
We started bootstrapping on the product at the beginning of 2023 when we started seeing lots of great activity on DEX trading and the emergence of multiple blockchain analytics tools. Our team has been trading on various DEXs and tried to follow smart DEX traders while seeing multiple issues while trying to catch the same wallet trades. That’s why we decided to start building a fully automated system to find and copy trade smart traders and institutions fully on-chain. DEX Volume is grown in the last 2 years, from less than 1% in 2020 to around 12% now.
What’s new about what you’re making? What substitutes do people resort to because it doesn’t exist yet (or they don’t know about it)?:
There is no one-stop shop for DEX trading so far deployed on multiple chains. That’s why we aim to become DEX multichain trading platform for retail customers. Most people are still in the process of adopting DEX trading, so we believe our solution will foster the adoption of both DEX trading and the usage of the Graph.
What’s your vision for how your project will impact The Graph and/or web3?:
There is no single one-stop-shop for DEX investors and traders so far. While aiming to become no.1 platform for on-chain investors we will push adoption if the Graph significantly.
How will you measure success?:
Three metrics we will use: TVL (total value locked), number of users and the number of transactions
What milestones will you achieve in the coming weeks/months, with or without the grant?:
The implementation of ERC20 transfer watcher.
Please select who you think will benefit from your project?:
Subgraph Developers, Indexers
How much funding are you looking for? (USD):
Provide a breakdown of your requested funding:
BuildersDAO will develop a Subgraph designed to track SmartWhale protocol activity. The Subgraph will follow the schema pattern outlined in the provided GitHub repository at:
Link to the SmartWhales Schema
The Subgraph will be responsible for indexing the vault factory contract and all vaults deployed by the factory.
2.2 ERC20 Transfers Substream
BuildersDAO will develop a Substream service capable of providing real-time streaming data. This service will be integrated into the SmartWhales backend and will facilitate the monitoring of ERC20 token transfers for a customizable list of tokens received by a specified list of addresses. The address list will be parameterized, offering flexibility to the SmartWhales Team for adjustments as needed.
2.2 ERC20 Balances Substream Powered Subgraph
BuildersDAO will develop a Substream Powered Subgraph service capable of providing real-time token balance information. This service can be queried to retrieve a list of token balances by any address. This data can then be compared to pricing information to display desired metrics for the ‘‘Add Wallet’ page in the Vault Creation process - P&L for a wallet will not be easily retrieved by this.
In consideration of the aforementioned deliverables, the SmartWhales Team agrees to remit a payment of $18,500 USD in USDC, denominated on the Arbitrum network. BuildersDAO OpCo will hold onto these funds until the respective DAO member(s) have completed the above deliverables and will then route payment on successful completion.
Here is a full proposal of Builders DAO: SmartWhales Work Proposal - Google Docs
Have you applied for (or already received) funding from somewhere else?:
If yes, please describe where you’ve received funding from and how much you have, or will, receive:
Can you share any information about current/past web3 experience?:
We have been advising various Defi Protocols on the development and have been building on Terra Ecosystem before the collapse.
Why are you interested in contributing to The Graph and/or web3?:
We have a great collaboration with scoping the project with Builders DAO so far and we are interested working with competent teams. Beside that, we observe a sustainable grow of Graph ecosystem which is a great match for us on what we build.
Are you applying as a team or individual?:
What type of grant are you pursuing?:
Please select the category your project best fits into: