zkCross Network
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Product Type [If Financial Protocols]
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Technical Architecture Doc
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Deliverables List
4.0 Stellar zkCrossDEX Technical Roadmap: Phase One
4.1 Development Overview
- Scope and Requirement Analysis
- DEX Architecture
- Frontend UIUX Design
- Backend Development
- Smart Contract Development
- Frontend Development
- Testing & Deployment
4.2 Deliverable 1: Cross-Chain Liquidity Movement and zkCross Protocol Integration
Objective
Enable one-click liquidity transfer from EVM chains (Ethereum, BSC, Polygon, Arbitrum, Avalanche, and Optimism) to Stellar, facilitating seamless asset movement for users.
Technical Steps Overview
a. Smart Contract Development for EVM Chains: Develop and deploy smart contracts on EVM chains with functions to lock assets for transfer. These contracts will emit events signalling asset locks, specifying amounts and destination Stellar addresses.
b. zkCross Protocol Integration: Implement the zkCross protocol within the Stellar environment to detect and process lock events from EVM chains. This involves creating a bridge service that listens to event emissions from EVM smart contracts and initiates corresponding asset transfers on Stellar.
c. Stellar Asset Handling: Develop functionality on Stellar to receive assets from EVM chains, including creating Stellar accounts for users (if not already present) and managing trustlines for different assets.
d. Security Measures: Conduct thorough audits of smart contracts and the zkCross protocol implementation to ensure security. Incorporate best practices for key management and transaction signing on Stellar.
4.3 Deliverable 2: Stellar Anchors Integration
Objective
Integrate Stellar Anchors such as Alchemy Pay and Transak within the zkCross Network ecosystem and Stellar zkCrossDEX to enable direct fiat-to-crypto conversions on Stellar and other supported blockchains, enhancing Web2 user onboarding to DeFi.
Technical Steps Overview
a. API Integration with Stellar Anchors: Integrate Stellar Anchor APIs into the zkCrossDEX platform, enabling users to convert fiat to USDC directly on Stellar. This includes implementing user interfaces for transaction initiation and status tracking.
b. Fiat Gateway Implementation: Establish a streamlined process for users to deposit fiat through selected anchors and receive USDC in their Stellar wallets, ready for use within the zkCrossDEX ecosystem.
c. Compliance and Security: Ensure full compliance with KYC/AML regulations as Stellar Anchors requires. Implement secure user data and transaction handling, with robust error handling and transaction monitoring mechanisms.
4.4 Development Roadmap
The development roadmap for Phase One is structured to ensure a systematic and secure implementation of both deliverables, emphasising testing, user experience, and scalability.
Deliverable 1 Development
- Smart contract development and deployment on EVM chains.
- Integration of the zkCross protocol with Stellar for asset transfers.
- Initial security audits and user testing.
Duration: 3-5 weeks
Deliverable 2 Development
- Integration with Alchemy Pay and Transak for fiat-to-crypto conversions.
- Extensive testing of fiat gateway functionality and user interface.
- Final security audits and compliance checks.
Duration: 5-6 weeks
Phase One Launch
- The official launch of Stellar zkCrossDEX features EVM to Stellar liquidity transfer and Stellar Anchor fiat gateway.
- Ongoing monitoring and optimisation based on user feedback and system performance.
5.0 Budget Overview
Our proposal for integrating zkCrossDEX Phase One with the Stellar blockchain is structured around two pivotal Deliverables, each with its dedicated budget to ensure the successful execution of the project phases. Below is a detailed breakdown of the budget allocation for each Deliverable.
Total Budget Allocation: $50,000 (Activation Grant)
5.1 Deliverable 1: Cross-Chain Liquidity Movement and zkCross Protocol Integration
The first Deliverable aims to enable cross-chain liquidity movement from leading EVM chains to Stellar and the integration of zkCrossDEX functionalities. The budget encompasses:
- Development and Integration Costs: This covers the expenses of developing cross-chain bridge mechanisms, liquidity pools, smart contracts for EVM chains, and integrating zkCrossDEX features with the Stellar network.
- Marketing and Community Engagement: Resources to promote the launch of zkCrossDEX on Stellar, including community outreach, educational content, and marketing campaigns to drive adoption.
- Project Management and Oversight: Ensures that project delivery aligns with strategic objectives, timelines are adhered to, and resources are optimally utilised across development, testing, and deployment phases.
5.2 Deliverable 2: Stellar Anchors Integration for USDC Acquisition
This phase focuses on integrating Stellar Anchor services to enable seamless fiat to USDC conversions on the Stellar network. The budget will cover:
- Development Costs: This includes the labour costs associated with the software development team responsible for integrating Stellar's Anchor services. This encompasses backend development for API integration, security measures, and user interface to facilitate fiat transactions.
- Testing and Quality Assurance: Allocation for rigorous testing phases, including unit testing, integration testing, and user acceptance testing (UAT) to ensure the seamless operation of fiat to USDC conversion processes.
- Project Management: Funds designated for project management efforts to oversee the integration's planning, execution, and delivery, ensuring Deliverables are completed within the set timelines.
This budgetary outline ensures that each phase of the Stellar zkCrossDEX integration is adequately funded. This will allow for developing a robust, secure, and user-friendly platform that enhances the DeFi ecosystem on Stellar.
5.3 Long Term Commitment
Our team is committed to bringing zkCrossDEX to the Stellar ecosystem. To demonstrate this commitment, we've decided to absorb some of the development costs. As a result, we've adjusted our proposal to launch both milestones under the $50k activation grant.
Stellar zkCrossDEX - Proposal link
Requested Budget in USD ($)
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Product & Architecture
Stellar zkCrossDEX Proposal: Phase One
1.0 Project Overview
We propose the integration of zkCrossDEX with the Stellar blockchain, aiming to elevate Stellar's position in the DeFi landscape. This initiative is set to bridge the gaps in interoperability and liquidity between Stellar and various blockchain networks. This collaboration seeks to expand Stellar's DeFi capabilities, attract a diverse user base, and increase its Total Value Locked (TVL).
The Stellar zkCrossDEX, powered by our innovative zkCross Protocol, is designed to provide a seamless, one-click cross-chain DeFi experience, leveraging Stellar's efficient asset conversion and fiat on-ramp capabilities. This integration marks a significant step in redefining the standards of blockchain interoperability and liquidity solutions within the DeFi ecosystem.
1.1 The Solution
We propose the Stellar zkCrossDEX, a solution tailored to address the specific needs of the Stellar blockchain in the DeFi sector. Our approach focuses on enhancing Stellar's interoperability and liquidity through the following key features:
- Seamless Interoperability: Utilising our zkCross Protocol, we enable one-click, cross-chain transactions, simplifying the process of asset transfer and exchange across various blockchain networks.
- Stellar Anchor Integration: Incorporating Stellar's Anchors in our ecosystem for fiat on-ramp simplifies users' entry into and exit from the crypto market globally.
- Built-in DEX Synergy: Stellar's built-in DEX is leveraged to offer efficient and cost-effective trading within the platform, enhancing the overall user experience.
- Broadening DeFi Accessibility: Our solution is designed to make DeFi more accessible and user-friendly, attracting diverse users, from crypto novices to experienced traders to the Stellar ecosystem.
- Community-Driven Development: Engagement with Stellar's community for feedback, ensuring our solutions align with user needs and expectations.
Our solution is designed to improve Stellar's DeFi capabilities and make it a more accessible and appealing choice for both existing crypto enthusiasts and newcomers to the DeFi space.
1.2 Benefits of zkCrossDEX
The Stellar zkCrossDEX is designed to address several critical challenges and transform the Stellar's DeFi ecosystem
- Bridging the DeFi Infrastructure Gap: Currently, Stellar faces the challenge of an undefined Total Value Locked (TVL) due to a need for robust DeFi infrastructure. zkCrossDEX will provide the tools and platforms to establish a definitive TVL, attracting more DeFi activities.
- Bridge Liquidity Gaps: zkCrossDEX will significantly enhance liquidity within the Stellar ecosystem by connecting Stellar with other significant blockchains.
- Simplify User Interaction: The integration of the zkCross Protocol will offer a user-friendly interface, making DeFi accessible to everyone.
- Boosting On-Chain Trading Volumes: The integration of zkCrossDEX will significantly increase on-chain trading volumes by facilitating more accessible and efficient transactions.
- Simplifying Stellar Token Acquisition: Many potential users are deterred by the complexities of purchasing Stellar tokens through centralised exchanges. zkCrossDEX will streamline this process, making it more accessible.
- Direct Fiat to Crypto Gateway: The intricate process of converting fiat to crypto in DeFi on Stellar will be simplified, providing a direct and user-friendly onramp and offramp.
- Expanding User Base: By addressing these challenges, zkCrossDEX will retain and engage the existing community and attract new users and investors, expanding the Stellar ecosystem.
- Foster Ecosystem Growth: With improved DeFi infrastructure, zkCrossDEX will stimulate the development of new dApps and attract more users and developers to Stellar.
1.3 Impact on the Stellar Ecosystem
Integrating zkCrossDEX with Stellar aims to profoundly impact the blockchain's DeFi landscape. This collaboration will significantly elevate Stellar's liquidity and Total Value Locked (TVL), broadening its appeal through a direct fiat gateway and an intuitive user interface. It will catalyze the development of diverse and innovative cross-chain dApps, enriching Stellar's ecosystem.
Leveraging zkCrossDEX's cross-chain interoperability, Stellar is poised to emerge as a formidable player in the DeFi market. This initiative also underscores a commitment to community engagement and robust security, ensuring the ecosystem's evolution is both user-centric and secure.
2.0 zkCross Network Overview
zkCross network stands at the forefront of the DeFi revolution, offering a gateway to decentralised, trustless and comprehensive financial services. Our platform enables frictionless transactions from fiat to cryptocurrency across any blockchain, combining the simplicity of Web2 with the innovation of Web3. The core of our technology is the zkCross Protocol, a one-click solution that automates the complexities of blockchain interactions using smart contracts, making them invisible to the end-user.
2.1 Company Vision and Mission
Our vision is a cohesive DeFi ecosystem by developing and deploying DeFi infrastructure across all major EVM and non-EVM chains, allowing for the free flow of liquidity and assets across all blockchains. We believe the full potential of DeFi will be realised when liquidity and assets can seamlessly traverse the entire blockchain landscape without current technological or operational barriers.
zkCross Network is dedicated to creating solutions that bolster blockchain interoperability and significantly enhance user experience in the DeFi space. Through the zkCross Protocol and the deployment of zkCrossDEXs on all major blockchains, we aim to foster a more inclusive, efficient, and secure DeFi environment with seamless liquidity and asset flow, irrespective of the token standard.
This marks the beginning of our journey towards a unified and user-friendly DeFi ecosystem-powered Stellar Anchors.
2.2 zkCross Protocol
The zkCross Protocol is our proprietary cross-chain technology, enabling users to swap assets across blockchains with a single click using smart contracts. It is designed to handle the underlying complexities of cross-chain transactions, including smart contract interactions, liquidity sourcing, and token conversions. zkCross protocol is not just a tool but a foundational technology that can be integrated with blockchains to expand its DeFi capabilities.
2.3 The zkCross Network Ecosystem
The zkCross Network ecosystem is a comprehensive suite of DeFi Infrastructure-as-a-Service (IaaS) that includes:
- Liquidity Pools: Supporting EVM and non-EVM tokens across blockchains.
- Cross-Chain Bridges: Facilitating the movement of assets between blockchains.
- zkCross Protocol: Enabling fast, secure, and user-friendly one-click cross-chain swaps.
- Fiat Gateway: Direct Fiat on-ramp and off-ramp.
3.0 Stellar zkCrossDEX Roadmap: Phase One
Phase One is divided into two critical deliverables, each addressing fundamental aspects of cross-chain transactions and fiat integration within the zkCross Network ecosystem and Stellar zkCrossDEX. This section outlines the roadmap, focusing on integrating the zkCross protocol for seamless liquidity transfer from EVM chains to Stellar and incorporating Stellar Anchors for direct fiat conversions throughout our ecosystem.
3.1 Deliverable 1: Cross-Chain Liquidity Movement and zkCross Protocol Integration
Objective
Enable one-click liquidity transfer from EVM chains (Ethereum, BSC, Polygon, Arbitrum, Avalanche, and Optimism) to Stellar, facilitating seamless asset movement for users.
3.2 Deliverable 2: Stellar Anchors Integration
Objective
Integrate Stellar Anchors such as Alchemy Pay and Transak within the zkCross Network ecosystem and Stellar zkCrossDEX to enable direct fiat-to-crypto conversions on Stellar and other supported blockchains, enhancing Web2 user onboarding to DeFi.
3.3 Transak Anchor Integration Partnership
As part of our strategic approach to Deliverable 2, which focuses on integrating Stellar Anchors, we are poised to significantly streamline the process thanks to our existing partnership with Transak. Providing a solid foundation for facilitating seamless fiat-to-cryptocurrency transactions for our users.
This pre-established relationship accelerates our timeline for implementing Stellar Anchor integrations and exemplifies our commitment to providing a comprehensive and user-friendly DeFi experience. By building on this groundwork, we aim to enhance the accessibility and efficiency of cross-chain transactions, ensuring that our users benefit from a smooth, secure, and direct pathway into the crypto ecosystem.
Stellar zkCrossDEX - Proposal link
https://zkcn.docsend.com/view/zv7t5jiwcsf897fk
Other Chain Description
Total Expected Roadmap
5.3 Budget Considerations and Timeline Management
Deliverable 1: 3-5 weeks
Deliverable 2: 5-6 weeks
Total duration: 9-10 weeks
Given the nature of Stellar Anchor integrations, which often require comprehensive legal approvals, we anticipate these processes may extend the project timeline. To efficiently manage this aspect and ensure momentum, we plan to advance the work on both Deliverable 1 and Deliverable 2 concurrently. This parallel approach is designed to optimise our development timeline, allowing us to navigate the legal and regulatory requirements for Anchor integrations without delaying the overall project progress.
Team bio
Management Team with 45+ Years of Expertise, Driving the Future of DeFi
Shivam Tandon: Founder & CEO
Shivam brings over 14 yrs of experience building technology-based businesses and two engineering degrees. In 2017, he developed a fully automated cryptocurrency trading solution that he scaled to $145M in trading volume within three years, helping thousands of people from 28 countries enter the crypto ecosystem.
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Muhammad Ali: Co-Founder & CCO
Ali has a degree in Business Administration and over a decade in technology startups, including 5 years in Blockchain. He has founded and scaled multiple e-commerce businesses to over $2M ARR and acquired 75,000+ unique customers in under 2 years. He had a successful exit from an e-commerce business in 2020.
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Priyank Agarwal: Co-Founder & COO
Priyank has over 14 years of experience in management, business development, team building, operations, and international expansion. He launched and scaled Oyo, an Indian Unicorn, in 3 Southeast Asian countries and onboarded 15,000 partners with a P&L of $5.5M in less than 2 years.
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Soneshwar Agarwal: CTO
Soneshwar has over 9 years of experience in information technology and blockchain development. He has contributed to the Ethereum codebase as part of the core community. He has led his tech startup to over $ 1M in revenue and more than 100 employees in less than a year.
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