Amplitude Grant Program

Guidelines and Opportunities

Amplitude is a canary network of its sister blockchain, Pendulum. It will act as a testing ground and new frontier for developing applications and network parameters for Pendulum. Unlike a traditional testnet, users can interact on the Amplitude chain with real financial consequences. We’re expecting lots of novel concepts to be trialed on Amplitude, giving rise to many exciting opportunities for anyone using the chain.

Projects we're looking to fund

We give out grants to projects that translate any popular EVM protocol & service to WebAssembly (”Wasm”) for the Substrate-based Amplitude parachain.

EVM → Wasm Translations

Lending dApps → Aave, Compound Finance, Geist Finance
AMMs → SushiSwap, QuickSwap, Curve, Balancer
Yield Aggregators → Yearn, Beefy, Harvest Finance
CDP (Collateralised Debt Position) → Mai Finance, Maker DAO, mStable, Abracadabra
Derivatives → Synthetix, Perpetual Protocol, Jarvis Network
Other Solidity/EVM translations are also very welcome!

Innovative dApps & Services

For example (but not limited to):

Bridges → trust-minimized bridges to networks with stable tokens
Trustless fiat price oracle → services that remove the oracle as a single-point-of-trust
Transaction privacy → optional transactional privacy features
Tooling for Wasm smart contracts → something like the Truffle Suite for Wasm

A list of projects we're looking to fund

Name

Description

Amount

General purpose AMM

General purpose AMM is one of the most critical element in DeFi. We would like to see if someone could either develop an AMM with unique offering or rewrite one of the popular open-source AMMs (Curve, Uniswap) in Wasm or as a Substrate pallet.

TBD

Leading protocol

One of the way to attract liquidity on the blockchain is to build a lending protocol. So, hence we would like to see a lending protocol being built on Pendulum and help lock the liquidity especially the fiat liquidity and also provide safe, secure and sustainable avenues for the fiat token holders to put their fiat tokens to work.

TBD

Stable fiat tokens

Pendulum aims to attract a varied basket of fiat tokens. We want teams/ companies that are building transparent, robust, and scalable fiat tokens to bring their tokens to Pendulum or build it on Pendulum itself. Special preference would be given to those that have on/ off ramping to banking world.

TBD

Yield optimizer

Yield optimising is all about providing lucrative opportunities to liquidity providers to obtain high APYs on their LP tokens. We have seen yearn.finance and beefy.finance doing phenomenal work on these fronts. Pendulum would like to similar kind of yeild optimizer being built on it which develops innovative high yield earning strategies.

TBD

Decentralized custodianship

Managing secret keys is still one of the biggest pains of the world of crypto. Teams that work on solving this UX challenge in a decentralized, trustless manner are welcome to apply for this grant.

TBD

On/Off-ramps

Connecting banks to Pendulum is one of our critical infrastructure need. We want reliable on/off ramps that help us in building this connection with the regional banks.

TBD

Money streaming service

Real-world DeFi is Pendulum’s core mission — it should be possible to pay salaries and bills like one would in TradFi to anybody, anywhere on the globe. We want to support a team that is building something like Spritz Finance on Pendulum

TBD

Financial support

Footprint in the DotSama ecosystem

Building up your own reputation

Requirements

Eligibility → Eligibility Individuals, universities, companies, etc. Open to all!
Requirements → All code must be open source and available on Github. Code should either be written in WebAssembly (”Wasm”) or compiled to Wasm (see e.g. Solang here) and can be implemented either as a pallet or as a smart contract.
Tech → Wasm/Substrate
Payout → USDC + $AMPE