metadata: {"signature": "0x1d364bb3be2cf334186e604eed492147f63b9fd6f19974942ab4c830d08f09322bb5e87d69c4b35d6d99f6c66fe544cbea6bfd91fb98ec73e4281602d9a9c5ab1b", "application": {"round": "0x7492a8c4ed29b1f1559888bd832fae5d33e10370", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "0q7qWLNJ5J8WpLV58zeXT+00Av01aexi9SYySBcfDJiOyNgGL76DXsRUliUG4FJj", "encryptedSymmetricKey": "86a717cda94b9c4a8db338cb05c80a11743a29aa137d62e9227f6b34c701daf7d6b4980c8bcee2ae4a89109045c3960654e9953fd240d8934bc0ab51f7b240fb9c44ee7dd69e6fcaab192e441727dff9bb8751284ddeb1565d7ace06f5646ab311daf68eb1c7aa315896423bbf6b372cce403721aa3f08707b2cbd3710d5b4c500000000000000209d415af232f88b9e4f0cbf2ed00544904d8a191fe6d8b18870be3b056ed6b8a374ad1a43365a4cc52f3d19109bed74b6"}}, {"type": "paragraph", "answer": "The platform aims to enhance the decentralized trading experience by providing more control, efficiency, and security to both Public Goods Network & Gitcoin community who will utilize it as their DeFi solution.", "hidden": false, "question": "What impact do you hope to have (or have had) on the Gitcoin Community with this project? How do you measure your impact? (e.g. viewers, forks, branches, likes)", "questionId": 1}, {"type": "multiple-choice", "answer": "Both (mixed)", "hidden": false, "question": "Are you applying for funding for work done, proposed, or both?", "questionId": 2}, {"type": "paragraph", "answer": "I have deployed the current decentralized exchange on PGN testnet and its accessible from here https://cyfrim.xyz/", "hidden": false, "question": "If you have work completed, please describe it below and include links where possible:", "questionId": 3}, {"type": "paragraph", "answer": "My goal is to implement the concentrated liquidity concept and staking. This can take me 720 hours to complete.", "hidden": false, "question": "If you have work you are planning to do, please describe it below and include estimates of how much time (in hours) you expect it will take: ", "questionId": 4}, {"type": "paragraph", "answer": "No", "hidden": false, "question": "Has this work been previously funded? If so, by who and for how much? ", "questionId": 5}, {"type": "multiple-choice", "answer": "Yes", "hidden": false, "question": "Are you working on this as an individual?", "questionId": 6}], "project": {"id": "424:0xDF9BF58Aa1A1B73F0e214d79C652a7dd37a6074e:82", "title": "Cyfrim", "logoImg": "bafkreif74rqpn7yrlp5xajk3lgejua6ybskhvvjxejcij2uphhvwn4apha", "metaPtr": {"pointer": "bafkreiazbrdh3wuclckmh5jelapwk4jvcgd2fitk3so5xm7aiwabuscmme", "protocol": "1"}, "website": "https://cyfrim.xyz", "bannerImg": "bafkreiafv7vltuq3kdedey3hxsodmzr5khvckqejqgqettcjxshburltei", "createdAt": 1695318941850, "userGithub": "toadsarah", "credentials": {}, "description": "Developer : Sarah Grey \n\nOverview:\n\nCyfrim is a decentralized exchange (DEX)  that allows users to trade peer-to-peer without needing an intermediary on PGN. \n\nGoals to be achieved :\nMy goal is to keep on  improving the protocol in several new features that are designed to improve the trading experience for users.\n\nOne of the main benefits on modern DEXs is the ability to provide users with more control over their trades. \n\nThe next version Cyfrim  will allows users to set specific price ranges for their trades, which can help to reduce the risk of impermanent loss (a common issue with liquidity providers). Additionally, it will offer users more efficient use of their capital, as liquidity can be concentrated in specific price ranges rather than dispersing it over the entire trading range.\n\nAnother key feature underway is staking which provides an ability for users to earn rewards for staking their LP tokens. This means that users can earn passive income while holding their favorite tokens and providing liquidity to the platform.\n\nOverall, Cyfrim V3 will be a significant upgrade from the current version with added features that benefit both traders and liquidity providers. The platform aims to enhance the decentralized trading experience by providing more control, efficiency, and security to both Public Goods Network & Gitcoin community who will utilize it as their DeFi solution.\n\n", "lastUpdated": 0, "projectTwitter": "CyfrimDefi"}, "recipient": "0x2045072569947a280AA025E94375e3A89E8bD75d"}}