New Grant - UNISX

Name of Applicant: UNISX
Contact Address : spac.synt@gmail.com
Wallet Address : 0xeb1e324ec0bac9af3b74a158c8461fd44f6ce8a1


Grant for Tooling

Brief Description
We offer a tool for creating a variety of synthetic tokens in the form of an index. The index basket may include various underlying assets, such as company stocks, cryptocurrencies, ETFs, and other assets with a market price. In addition, the structure of the synthetic tool can take into account various ratings, rankings and even news events. The reliability of all synthetic data used to determine the price is ensured by using the UMA optimistic oracul mechanism.

Detailed description

The proposed end product is a tool for creating a variety of synthetic tokens in the form of an index. The index basket may include various underlying assets, such as company stocks, cryptocurrencies, ETFs, and other assets with a market price. In addition, the structure of the synthetic tool can take into account various ratings, rankings and even news events. The reliability of all synthetic data used to determine the price is ensured by using the UMA optimistic oracul mechanism.
The proposed tool will provide developers of synthetic tokens with API to functions and smart contracts that automate the issuance and circulation of synthetic tokens, including staking and voting.
Developers of synthetic tokens receive a tool for their applications based on UMA optimistic oracul with minimal development costs.

What would UMA lose out on if it did not fund this grant

By rejecting the grant, UMA will slow down the development of its own ecosystem by limiting the ability of developers to create applied synthetic tokens integrated with UMA optimistic oracul.

How many UMA tokens are you requesting for this project?
5800

What percentage of the grant would you retain to secure the Optimistic Oracle by voting

25

How would you spend the remainder of the grant?

The remainder of thegrant will be spent in the following directions: Project management until completion; Development of price feed templates for information sources; API Development; Testing; Marketing; other costs required to complete the project.

How many months would this grant cover?

3

Additional Information

Our team is developing a synthetic token (uSPAC10), which is an index of the top 10 shares of SPAC. We consider this synthetic as a pilot from the line of more complex indexes. Based on the experience gained during the development, we claim that the tool we offer (API) will be necessary not only for us to further develop the project, but also for many independent developers, and will also contribute to increasing the number of synthetic tokens using UMA optimistic oracul.

Thank you for your application!

Can you go into further detail on what the tool / final deliverables will look like? Is the focus on documentation, a UI that makes the deployment process easier, etc. Also, do you plan on offering support to developers building synthetic tokens?

Thanks for the reaction! We will answer your questions in the near time.

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