Hoops Finance is an analytics and DeFi platform that indexes Soroban Liquidity Pools from leading ecosystem protocols. The platform offers:

• Risk Analysis: Extrapolates data to create various risk analyses.
• Performance Metrics: Lists key metrics such as pool utilization, total value locked (TVL), and tokens in the pool.
• Aggregated Saving Account: Uses indexed data to create aggregated saving accounts leveraging the best-performing pools across several protocols.

Problems It Solves:

• Lack of comprehensive risk analysis and performance metrics for liquidity pools on Soroban.
• Difficulty for investors to identify the best-performing pools adjusted for risk.

Solution:

• Risk Analysis: Provides detailed risk metrics, aiding investors in making informed decisions.
• Performance Metrics: Offers real-time data on liquidity pools, simplifying the investment process.
• Aggregated Saving Account: Optimizes returns by leveraging top-performing pools.

Target Audience:

• Institutional and retail investors looking for reliable investment opportunities in DeFi.
• Developers and financial analysts requiring comprehensive data for liquidity pool performance.

Why Stellar?:

• Robust Ecosystem: Offers a mature and supportive environment for DeFi projects.
• Low Transaction Costs: Ensures cost-effective data processing and transactions.
• Support for Smart Contracts: Facilitates advanced functionalities crucial for Hoops Finance.

For more information on the Stellar and Soroban integrations: https://www.notion.so/bastianstudio/Soroban-Components-to-Implement-Savings-Accounts-db63048d76234efbae5887515c66aa0e?pvs=4

Phase 1: Activation Award Implementation
 

Objective: Lay the foundation by making critical components publicly accessible and integrating key protocols.
 

Key Activities:

1. Public API Development and Documentation:
   • Develop and launch a public API to provide developers with access to indexed data from Soroban liquidity pools.
   • Create comprehensive developer documentation, including usage examples and integration guides, to facilitate seamless adoption by other projects.
2. Integration of New Protocols:
   • Index liquidity pools from new Soroban protocols, ensuring their data is accurately reflected in the platform’s analytics.
   • Redesign the user interface to incorporate new data sources, enhancing the overall user experience with improved navigation and visualizations.
3. Smart Contract Deployment and Beta Launch:
   • Develop and deploy a smart contract to manage aggregated pools based on risk-adjusted performance, automating rebalancing and yield distribution.
   • Release a beta version of the platform featuring the aggregated pool functionality, inviting early adopters to test and provide feedback.
   • Design the pro version of the investment dashboard, including advanced tools and analytics, to guide future development.

Budget: $50,000

Estimated Completion: 1.5 Months

Phase 2: Community Award Execution

Objective: Fully launch the platform and attract early users from the community.

Key Activities:

1. Full Platform Launch:
   • Finalize and release the complete Hoops Finance platform, ensuring all features are operational and accessible to users in mainnet.
   • Focus on acquiring early users within the community, especially other projects that can benefit from the valuable analytics provided by our API.
2. Advanced Features Integration and Security Enhancements:
   • Integrate advanced platform features, such as automated portfolio rebalancing and enhanced analytics, to provide users with more robust tools.
   • Implement additional security measures to protect user data and funds, conducting thorough security audits to ensure platform integrity.

Budget: $100,000

Estimated Completion: 3 Months

Phase 3: Expansion and Sustainability
 

Objective: Expand platform capabilities, establish strategic partnerships, and develop a sustainable business model.
 

Key Activities:

1. Platform Expansion and Strategic Partnerships:
   • Extend the platform to support additional protocols and assets, broadening its utility and appeal.
   • Form strategic partnerships with other DeFi projects and financial institutions to enhance the platform’s functionality and reach.
   • Leverage our extensive experience working within the ecosystem and leverage synergies with related projects such as:
     • Becoop Wallet: A decentralized and non-custodial wallet for LATAM, featuring on/off ramps.
     • Mi Negocio: A merchant app for receiving payments using anchored assets.
     • Sorobounty.xyz: A Soroban platform proof of concept offering escrow for work done in the Stellar community.
     • CommuniDao: A Discord bot and DAO launchpad platform.
     • Vanilla Voting: A single voting dApp using classic Stellar.
2. Monetization and Sustainability:
   • Develop and implement monetization strategies, such as our pro dashboard and premium analytics features, to ensure long-term financial sustainability.
   • Establish a business model that balances revenue generation with cost management, aiming for positive cash flow and sustainable growth.
   • Utilize Hoops Finance as a platform to connect with institutional investors, providing proprietary data and custom investment vehicles tailored to meet each investor's needs.

Funding Strategy Beyond SCF

To ensure the long-term success and sustainability of Hoops Finance, we will seek additional funding sources beyond the SCF awards:

1. Venture Capital: Engage with venture capital firms that specialize in blockchain and DeFi to secure investment.
2. Strategic Partnerships: Develop alliances with established financial institutions and other DeFi projects for mutual benefit.
3. Grants: Apply for grants from blockchain foundations and innovation funds to support ongoing development.
4. Revenue from Early Adopters: Generate revenue by offering premium services and analytics to early adopters, particularly other projects within the community and the usage of fees.

Deliverable 1: Make API Public & Developer Documentation
 

• Make API Public: Develop and release a public API that allows developers to access and utilize the indexed data from Soroban liquidity pools. This API will provide endpoints for retrieving data on pool utilization, total value locked (TVL), tokens in the pool, and other relevant metrics.
• Developer Documentation: Create comprehensive documentation for the API, including usage examples, endpoint descriptions, and integration guides to help developers effectively use the API.
• How to Measure Completion:
  • API is accessible publicly with a stable endpoint.
  • Developer documentation is published on the Hoops Finance website and includes detailed examples and usage guidelines.
     
• Estimated Date of Completion: 1 Week
• Budget: $10,000
   

Deliverable 2: Integrate Additional Protocols & Updated UI
 

• Integrate Additional Protocols: Integrate Soroban protocols into the Hoops Finance platform. Currently, we have succesfully indexed Soroswap Protocol, and using our Modular Indexer we will add at least 2 additional protocols starting with AMM, such as Phoenix, Aquarius, and Comet. We might prioritize one protocol over another based on community feedback and suggestions.
• Updated UI: Redesign the user interface to accommodate the new data sources and provide a more intuitive and user-friendly experience. The updated UI will include new visualizations for the integrated protocols and improved navigation.
• How to Measure Completion:
  • Successful integration of two protocols, with their liquidity pool data displayed on the platform.
  • New UI is deployed and live on the platform, with user feedback indicating improved usability.
• Estimated Date of Completion: 2 weeks
• Budget: $20,000
   

Deliverable 3: Smart Contract for Aggregated Pools & Beta Available & Pro Dashboard Designs

• Brief Description:
  • Smart Contracts for Savings Accounts: Develop and deploy the smart contracts such as the oracle which aggregates selected liquidity pools based on risk-adjusted performance and the savings account contract which will allow users to invest their funds based on their risk profile. These smart contract will automate the management of the aggregated pools, including rebalancing and yield distribution.
  • Beta Available: Launch a beta version of the platform that includes the aggregated pool feature, allowing early adopters to test and provide feedback.
  • Pro Dashboard Designs: Design the pro version of the investment dashboard, which will include advanced tools, multiple investment portfolios, and additional analytics. These designs will be used to guide the development of the pro platform.
• How to Measure Completion:
  • Smart contract is deployed on Stellar and functioning as intended.
  • Beta version of the platform is live, with user testing and feedback collection ongoing.
  • Pro dashboard designs are completed and ready for development, with design mockups available for review in Figma.
• Estimated Date of Completion: 3 weeks
• Budget: $20,000

Bastian Koh is a polyglot builder and designer specializing in sustainable development and financial inclusion. With years of experience in the field, Bastian has consistently contributed to innovative projects that aim to create lasting positive impacts.

https://www.github.com/alexanderkoh
https://www.x.com/bastiankoh

Timothy Baker is a developer specializing in smart contracts and blockchain solutions. With expertise in JavaScript, TypeScript, Rust, and Solidity, he focuses on backend development, security, and innovative financial technology. Timothy actively contributes to the Stellar community, driving decentralized application advancements.
https://www.linkedin.com/in/tim4802
https://www.github.com/silence48