Product Overview

Peeswap is a decentralized exchange (DEX) built on the Stellar network, leveraging Soroban smart contracts to deliver a comprehensive suite of trading functionalities. The platform offers seamless and secure solutions for crypto trading with the following features:

• Markets: A wide range of cryptocurrency markets for users to trade.
• Swap: Instant swapping of tokens with minimal fees.
• Buy & Sell Crypto: Facilitates buying and selling cryptocurrencies directly.
• Liquidity: Users can provide liquidity to earn rewards.
• Bridge: Cross-chain asset transfers to enhance interoperability.

Problem Solved

Traditional centralized exchanges are often plagued with issues like high fees, security risks, and lack of transparency. Peeswap addresses these challenges by providing a decentralized, transparent, and user-friendly platform. It caters to crypto traders, investors, and liquidity providers seeking a more efficient and secure trading environment.

Solution and Audience

• For Traders: Instant access to multiple markets with low fees.
• For Investors: Opportunities to buy and sell crypto directly.
• For Liquidity Providers: Incentives and rewards for contributing liquidity.
• For Cross-Chain Users: Easy transfer of assets between different blockchains using the bridge feature,

Integration on Stellar

Peeswap utilizes Stellar's Soroban smart contracts to ensure secure and efficient transactions. Key integrations include:

• Stellar Operations: Leveraging Stellar's fast and low-cost transactions for market orders and swaps.
• SEP Integrations: Integrating Stellar's standard protocols for asset issuance and management, enhancing interoperability and user experience.
• Ecosystem Partners: Collaborations with Stellar anchors for fiat on/off-ramps, ensuring seamless user experiences.

Why Stellar?

Stellar was chosen for its robust infrastructure, low transaction costs, and strong focus on financial inclusion. The network's support for smart contracts via Soroban allows for the development of complex decentralized applications. Stellar's active community and comprehensive ecosystem provide valuable support and resources for building and scaling Peeswap.

Technical Architecture

The detailed technical architecture document will be provided separately, outlining the smart contract structure, data flow, and system components. This includes the integration of Stellar's SEP protocols, the use of Soroban for smart contract deployment, and the interaction with external blockchain networks for the bridge functionality.

This comprehensive yet succinct overview encapsulates Peeswap's innovative approach to revolutionizing crypto trading on the Stellar network.

Budget & Duration Details:

Award Type: Activation Award
Budget: Up to $50,000 worth of XLM
Duration: 1.5 months

Deliverables:

[Deliverable 1] Smart Contract Development

• Description: Develop and deploy smart contracts for Peeswap, including functionalities for market orders, token swaps, liquidity provision, and cross-chain bridge operations.
• Measurement: Successful deployment on the Soroban platform, passing security audits.
• Estimated Date of Completion: 6 weeks after the submission deadline.
• Budget: $25,000 worth of XLM

[Deliverable 2] Backend Integration

• Description: Integrate smart contracts with the backend infrastructure of Peeswap, ensuring seamless functionality across the platform.
• Measurement: Backend tests passed, APIs integrated with smart contracts.
• Estimated Date of Completion: 1.5 months after the submission deadline.
• Budget: $15,000 worth of XLM

[Deliverable 3] Security Audits

• Description: Conduct comprehensive security audits on smart contracts and backend systems to identify and mitigate vulnerabilities.
• Measurement: Completion of security audit reports with all critical issues addressed.
• Estimated Date of Completion: 1.5 months after the submission deadline.
• Budget: $10,000 worth of XLM

Philip Owolabi

Greetings! 👋 I'm currently an undergraduate student pursuing a degree in Petroleum Engineering at The First Technical University, Ibadan. While my academic focus lies in petroleum engineering , my journey has led me to explore the dynamic intersection of technology and engineering.

Over the past four years, I've delved into the world of programming, finding it to be a journey filled with continuous learning and exploration. Proficient in Python and JavaScript, I've applied my skills to solve a myriad of challenges, including tackling complex computational petroleum engineering problems through Python scripting.

From crafting user interfaces with ReactJS to developing robust backend systems with Node.js and Express.js, I specialize in translating ideas into functional solutions through code.

In addition to my practical experience, I've earned certifications from LinkedIn Learning, continually expanding my skill set to stay at the forefront of technological advancements.

Beyond technology and petroleum engineering, my passion extends to utilizing technology as a tool for revolutionizing communities and fostering global sustainability. Whether it's through developing solutions for small businesses, startups, or tackling industry challenges, I'm committed to making a meaningful impact.

My journey into problem-solving has taught me that it's not just about building something, but about building something that addresses real-world challenges.

 

Ephraim O. Oladepo

As a seasoned software and blockchain engineer with over 5 years of experience, I currently lead the technical charge at Ecomoto, a revolutionary blockchain-based electric vehicle marketplace. With a strong background in building scalable and secure blockchain solutions on EVM (Ethereum Virtual Machine) and Solana, I have successfully shipped multiple projects. My expertise in blockchain engineering has enabled me to architect and develop innovative solutions that drive business growth and efficiency. As a lead engineer at Ecomoto, I oversee the development of cutting-edge applications and protocols that are transforming the electric vehicle industry. My passion for blockchain technology and software engineering has allowed me to make significant contributions to the company's success, and I continue to push the boundaries of what is possible in this exciting space.

John Danlami

Having transitioned from a non-tech background, I bring a unique perspective as a blockchain developer from Nigeria. With 5 years of diverse non-tech experience and 2 years dedicated to web2 development, I've become skilled in front-end technologies. Currently, I am transitioning into web3, focusing on smart contract development and decentralized applications (DApps). Additionally, I hold certifications in software engineering and full-stack software development. I'm eagerly seeking new challenges and am enthusiastic about contributing to the success of blockchain projects.

Abdulsalam Bashar

As a software engineer and data scientist, I've spent the last 5 years driving innovation in the web3 space. My journey began at Blockchain Labs, where I developed scalable smart contracts for decentralized finance (DeFi) applications. I then joined CryptoPulse, a leading web3 analytics platform, as a senior data scientist, where I designed and implemented machine learning models to predict cryptocurrency market trends. Throughout my career, I've developed a unique blend of technical expertise in web3 technologies, including Ethereum, Polkadot, and Solana, as well as data science skills in Python, TensorFlow, and pandas. I'm passionate about building decentralized systems that empower individuals and drive social impact.

PRINCE ENIOLA EGBEDELE

I am into user and developer experience. I am passionate about building developer communities and helping developers succeed . I am also a big fan of Devrel (developer relations) and love learning about new technologies and trends.
I advocate for circle for developer , google for developer and now stellar, I host developer event, i recently hosted a workshop for stellar at oou, I  also write developer content for better learning for developers

Total Expected Roadmap

Development Phases and Funding Requirements

1. Initial Development Phase (Current SCF Award)

   • Deliverables:
     • Smart Contract Development
     • Backend Integration
     • Security Audits
   • Budget: $50,000 worth of XLM
   • Timeline: 1.5 months

2. Beta Testing and Optimization

   • Description: Conduct beta testing to gather user feedback, optimize user interface, and refine functionalities based on initial user interactions.
   • Funding Needs: $20,000 (anticipated costs for testing and optimization)
   • Timeline: 1 month

3. Launch and Initial User Acquisition

   • Description: Official launch of Peeswap on the Stellar blockchain, focusing on initial user acquisition strategies, marketing, and community building efforts.
   • Funding Needs: $30,000 (marketing and promotional activities)
   • Timeline: 2 months

4. Expansion and Scaling

   • Description: Scale operations, enhance liquidity, and expand feature set based on user feedback and market demand.
   • Funding Needs: $100,000 (additional development, liquidity incentives, and operational costs)
   • Timeline: 6 months

Total Funding Requirement

• Total Budget: $200,000
  • SCF Award: $50,000 (Current)
  • External Sources: $150,000 (anticipated from VC funding, strategic partnerships, and revenue generation post-launch)

Funding Sources

• SCF Award: Utilize the current SCF award to kickstart development and initial deployment.
• External Sources: Seek additional funding from venture capital firms, strategic partnerships with blockchain ecosystems, and revenue generated through transaction fees and liquidity incentives on Peeswap.

Sustainability Plan

• Revenue Model: Implement a sustainable revenue model through transaction fees on trades, liquidity provision incentives, and potential premium features.
• Partnerships: Forge strategic partnerships with blockchain projects and decentralized finance (DeFi) ecosystems to enhance liquidity and user adoption.
• Community Engagement: Continuously engage with the Stellar community, contribute to ecosystem growth, and participate in funding opportunities beyond SCF.