# **Overview** **Please note: Before receiving the rewards, winners must complete Synaps KYC/KYB.** The Injective Foundation (IF) seeks project proposals to integrate meme coin and interval trading. The goal is to develop an accessible, engaging, and secure application that promotes decentralized finance principles. # **Key Objectives** 1. **Simplify Trading Experiences:** Create an intuitive and user-friendly application that enables users to trade meme coins and other digital assets with ease. 2. **Boost User Engagement**: Implement a gamified rewards system that incentivizes trading activity and community participation. 3. **Ensure Market Integrity**: Develop a robust risk management system to protect liquidity providers and maintain fairness across trades. 4. **Comply with all applicable laws.** # **Requirements** ### 1 - Application Development - Develop a non-custodial, smart contract-based application that allows users to place interval trades on multiple time frames (e.g., 1 minute, 3 minutes, 5 minutes). - The application should support trading on the direction of price movements, providing a straightforward yet versatile trading experience. ### 2 - User Engagement and Rewards - Implement a points-based system that rewards users based on their trading volume and referrals. - The system should include a gamification element, where accumulated points can be redeemed in a perks store within the platform. ### 3 - Token Support and Flexibility - The application must support multiple tokens, particularly meme coins, with the ability to add or remove tokens dynamically to ensure content remains fresh and relevant. - Offer asset swapping functionality within the application to provide users with seamless asset management. ### 4 - Liquidity and Rewards - Integrate a liquidity vault where users can contribute liquidity to the application and earn rewards. - The vault should be designed to rebalance automatically to maximize rewards and minimize risk. ### 5 - Risk Management - Develop a risk management engine that ensures fairness in trading outcomes and protects liquidity providers from significant losses. - The engine should be capable of handling both PvP (Player vs. Player) and PvE (Player vs. Environment) trading scenarios. ### 6 - Oracle Integration - Utilize or develop an in-house oracle system to ensure accurate and reliable price feeds for a wide range of assets, crucial for executing trades and managing risks. ### 7 - User Interface (UI) - Create a front-end that clearly displays available “Vaults” or “Strategies” with detailed information on potential returns, risks, and the user’s current engagement. - The UI should dynamically adjust and display performance based on user actions, such as the amount of liquidity provided or trading volume. ### 8 - Security Considerations - Evaluate the security of the platform, particularly in terms of non-custodial options. Consider the use of authz permissions, smart contracts, or a hybrid approach to balance security and usability. - The proposal should include details on how the application will manage potential risks, such as liquidation avoidance and protecting user funds. ### 9 - Community and Support - Engage with the community to gather feedback and improve the platform over time. This may include regular updates, user surveys, and the incorporation of community-driven features. ### 10 -  Compliance with All Applicable Laws. The application must comply with all laws applicable to it in the jurisdictions in which it operates. ### 11 -  Satisfactory completion of KYB/AML checks administered through Synaps.io, prior to any distribution of IF funds. # **Evaluation Criteria:** - **Innovation**: How your approach brings something new to the DeFi and meme coin trading space. - **Feasibility**: The practicality of your proposed implementation, including technical soundness and resource requirements. - **Security**: The robustness of your security measures, particularly in terms of protecting user funds and ensuring fair trading practices. - **Community Impact**: The potential of your platform to attract and retain a vibrant user base.