[Seeking-Feedback]Rubic wants to make IoTeX fully multi-chain operable

Proposal details

Project Name

Rubic Finance

Project Type

Rubic is the Cross-Chain Swap Aggregator which allows you to swap any of our 15,000+ assets, on and between 12 blockchains, in one click. Rubic’s Cross-Chain Swap Aggregator includes On-Chain & Multi-Chain swaps for Ethereum, BNB Chain, Telos, Polygon, Avalanche, Moonriver, Fantom, Harmony, Solana, Arbitrum, Aurora, and NEAR; with seamless fiat on-ramps and more!

Proposal Description

The purpose of this proposal is to make the IoTeX foundation and community aware of what we already built and especially are about to create regarding the IoTeX ecosystem and DeFi in general. We hope to get support in form of a grant to continue with our work.

Rubic is providing users token for token swaps across multiple blockchain networks like Ethereum, BSC, Polygon, Moonriver, Fantom, Solana, Avalanche and many others. And now we are looking for integration IoTeX into our unique Multi-Chain Protocol. Why is it unique? Well, with our solution users can trade any token in between 12 different networks regardless of what chain its on or on which DEX the assets liquidity is.

Other so called multi-chain platforms are usually limited in terms of the available token pairings or the maximum trading amount. With Rubic you can literally trade ANY of 15,000+ in a simple click of a button with an UNLIMITED transaction volume.

That being said we are simplifying the DeFi space as a whole. The sheer amount of different networks, the connected DEXs and gaining access to them can be confusing - even for experienced users. Thats why it would be such a great honour to have IoTeX on-board our platform. Connecting it to our multi-chain protocol would make the access to the network way easier. Every user from 12 different blockchains could easily swap their tokens into IoTeX with a simple click of a button and experience the advantages of it.

Milestones

  • Milestone 1: Development process
    Duration: 2 weeks
    :black_small_square: Conduct research on the technical specifics of IoTeX Network, its dApps
    and token standards
    :black_small_square: Conduct research on the automated market makers (AMMs) and
    decentralized exchanges (DEXs) that provide liquidity for IoTeX Tokens
    and exist in the IoTeX ecosystem
    :black_small_square: Conduct research on the liquidity baking pairs
    :black_small_square: Select the eligible DEXs for the integration into the platform and the
    multi-chain protocol
    :black_small_square: Integrate the IoTeX network into the multi-chain smart contract
  • $20,000
  • Milestone 2: Integration
    Duration: 4 weeks
    :black_small_square: Implement the IoTeX Network into the Rubic dApp and its UI
    :black_small_square: Integrate 1 or 2 eligible IoTeX DEXs into the Rubic Platform
    :black_small_square: Deploy a fully accessible on- and multi-chain trading for all assets supported by the selected IoTeX DEXs
    :black_small_square: Promote the integration beyond the IoTeX community, reaching out to other network communities to provide information about the benefits of the IoTeX network
  • $30,000

Total funds requested

$50,000

About your Team

Rubic’s team has been in crypto since 2017. Through this time, they have delivered numerous successful projects and worked with Binance, TRON, NEO, and more. Our Founders are also the founders of the leading smart contract platform - mywish.io.

Founder - Vladimir Tikhomirov https://linkedin.com/in/vtikhomirov
Co-Founder - Alexandra Korneva https://linkedin.com/in/alexandrakorneva
Head of Business Development - Sven Michael https://linkedin.com/in/sven-michael-b832a919b
COO - Kirill Romanov

Find all team members here: The Team – Rubic

Also here is a list of github links of our developers to see their amazing work:

Metrics

We are currently having an exponential growth in terms of our users, with an overall trading volume of $250M and 12k+ unique users per month. With IoTeX and other networks integrated into the multichain-protocol we are expecting those numbers to at least 10x in the next year.

Links

Our project: https://rubic.exchange/
Our platform: https://app.rubic.exchange/
Pitch deck: https://rubic.exchange/pdf/PitchDeck.pdf
Twitter: https://twitter.com/CryptoRubic
Telegram: Telegram: Contact @cryptorubic_chat
Medium: https://cryptorubic.medium.com/
Github: Rubic · GitHub

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