SECTION 1: APPLICANT INFORMATION
Applicant Name: Ilya Storchilov
Project Name: Rubic
Project Description:
Rubic aggregates 70+ blockchains and testnets, while it enables swaps of 15,500+ assets with the best rates, highest liquidity, and transaction speeds - in one click, thanks to the integration of 20+ bridges and 200+ DEXs. Users access diverse assets via varied DEXs under a unified interface with optimized cross-chain and on-chain transactions rates.
The project also provides tools for dApps to enable cross-chain swaps. Rubic’s functionality can be implemented by any crypto project willing to become interoperable, with an easy-to-install widget and fully customizable SDK.
Team Members and Qualifications:
Vladimir Tikhomirov (Founder): A highly experienced and visionary founder, with a PhD in Computer Science and a successful track record as a software industry executive with over 10 years of experience, Vladimir brings a wealth of knowledge and expertise to the team. He is a seasoned entrepreneur, having founded the popular smart contract platform MyWish.io and Algebra, which is a concentrated liquidity protocol with TVL more than $107M and used by 15 DEXs, such as QuickSwap, Camelot, StellaSwap, ZyberSwap and others
Alexandra Korneva (Co-Founder) brings a wealth of business acumen to the team, with a Master’s Degree in Business Administration and Management, and 10+ years of extensive experience leading marketing and communication companies.
Elena Nova (CMO) brings more than 15 years of experience in Strategic Marketing Management ranging from Web3, Fintech (Visa) to FMCG in top global blue-chip companies.
Sven Michael (CBDO): A high-achieving Business Development Representative and a crypto native bringing expertise in product management, research, and operations with a M.A. in Political Economy.
Find out more about our team on The Team – Rubic
Project Links:
Website - https://rubic.exchange/
Mainnet App - https://app.rubic.exchange/
Testnet App - https://testnet.rubic.exchange/
Github - Rubic · GitHub
X - https://twitter.com/CryptoRubic
Discord - Rubic - Cross-Chain Tech Aggregator for users + tools for dApps.
Telegram - Telegram: Contact @cryptorubic_chat
LinkedIn - Rubic Finance | LinkedIn
Contact Information
TG: Ilya Storchilov Telegram: Contact @IlyaRubic
Email: illya.storchilov@rubic.finance
TG: Alexandra Korneva Telegram: Contact @korneva_a
Email: alexandra@rubic.finance
Do You Acknowledge That Your Team Will Be Subject to a KYC Requirement?: Yes
SECTION 2: GRANT INFORMATION
Requested Grant Size: 100000 ARB
Grant Breakdown: As the landscape expands with numerous blockchains, L2 and L3 solutions, DeFi infrastructure gets more and more complex. With Arbitrum being the #1 L2 chain, the user is overwhelmed by the variety of choices to choose from - be it a DEX or a bridge.
With Rubic, users no longer have to roam across Web3 to compare rates and liquidity; they can make cross-chain and on-chain swaps of any available token to/from/on Arbitrum and other 70+ networks, including 30+ non-EVMs.
The list of providers for Arbitrum, which are integrated into Rubic:
Supported bridges: Arbitrum Bridge, Hop, Hyphen, Connext, XY Finance, Symbiosis, Squid, Stargate, DLN, ChangeNOW
DEXs: Uniswap V3, 1inch, SushiSwap, XY Dex, Balancer V2, 1inch Limit Order Protocol, 1inch Limit Order Protocol V2, DODO, DODO V2, Swapr, Curve, Curve V2, GMX, Synapse, Hashflow, Saddle Finance, KyberSwap Elastic, Kyber DMM Static, Aave V3.
More info on available networks/ bridges/ DEXs: https://docs.rubic.finance/rubic/supported-chains-bridges-and-dexs.
Rubic acts as a bridge and a DEX in one, connecting different blockchains and enabling frictionless swaps, thereby enhancing the accessibility and usability of the Arbitrum for the whole DeFi space.
The fundamental objective of this grant application is to facilitate bringing new users to the Arbitrum blockchain. The allocated tokens will be strategically deployed for the purpose of User Acquisition via marketing campaigns and collaboration with ecosystem partners.
Funding Address:0xc9F5DD51d7BAae25119F37bE2164062b6146Af32
Funding Address Characteristics: Multisig
Contract Address: NA
SECTION 3: GRANT OBJECTIVES AND EXECUTION
Objectives:
Our goal is to bring new users to Arbitrum via Rubic.
Overall, over 170K+ users have interacted with Rubic over time and performed 500K+ transactions. Our average monthly user base is 15-25K users.
Our strategy is to incentivize users to swap to/from Arbitrum and on Arbitrum via gas compensation and one-of-a-kind Rubic’s loyalty program named “SwapToEarn” (later in detail).
Key Performance Indicators (KPIs):
The number of unique wallets - This metric assesses the extent to which users are leveraging the provided incentives to onboard into the Arbitrum ecosystem.
The number of new wallets that bridged funds into Arbitrum - These metrics allow us to create a list of new addresses that directly result from the incentivized bridge program.
Analysis of user transaction behavior - These metrics identify a program’s effectiveness. We will analyse the actions taken by users after bridging into Arbitrum in order to understand how much users allocate and utilize bridged funds.
Collaborating with other protocols - These metrics are vital to enhance the effectiveness of our program. We seek to establish partnerships that encourage a symbiotic relationship, driving greater success for all involved.
How will receiving a grant enable you to foster growth or innovation within the Arbitrum ecosystem?:
With additional funding, we aim to further boost our transaction numbers and volume, thereby enhancing the KPIs mentioned above (See Execution strategy).
Justification for the size of the grant:
Total Cross-Chain Swaps to and From Arbitrum in 2023 - 45715
Total On-Chain Swaps on Arbitrum in 2023 - 4651
Average gas fee in 2023 - $0.25
Cross-Chain Incentive - $2
On-Chain Incentive - $1
X+Y = grant size
Number of Transactions x avg gas fee per transaction = X
Number of Transactions x $ SwapToEarn incentive = Y
Cross-Chain: (45715 x 0.25) + (45715 x 2) = 102859
On-Chain: (4651 x 0.25) + (4651 x 1) = 5814
Total: 102859 + 5814 = 108673
We anticipate +30% growth for incentivized swaps on Arbitrum.
Execution Strategy: Rubic boasts of having a unique loyalty program Swap-to-Earn, where users get loyalty points for swaps: Rubic – Cross-Chain Tech Aggregator. Overall, over 60K+ users have participated in the program since its launch in April 2023.
Currently, the rewards are in RBC and are made for any on-chain and cross-chain swaps, however, there’s a functionality to incentivize swaps to/on/from a particular blockchain/ provider.
We suggest to incentivize users with gas fees compensation and a 2$ incentive in ARB for swapping to, from and on Arbitrum.
Grant Timeline:
We can aim for a launch within a few weeks of grant approval. The anticipated duration of campaigns and contests is about several months, although this may vary based on the volume of bridging activity.
Do you accept the funding of your grant streamed linearly for the duration of your grant proposal, and that the multisig holds the power to halt your stream? Yes
SECTION 4: PROTOCOL DETAILS
Provide details about the Arbitrum protocol requirements relevant to the grant. This information ensures that the applicant is aligned with the technical specifications and commitments of the grant.
Is the Protocol Native to Arbitrum?: No
On what other networks is the protocol deployed?: Yes, Rubic supports 70+ mainnets and testnets.
Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Moonriver, Solana, NEAR, Telos EVM, Optimism, Celo, Fuse, OKExChain, Gnosis (xDAI), Moonbeam, Cronos, Aurora, Boba Network, Boba BNB, Boba Avalanche, Bitcoin, TRON, Kava, Kava Cosmos, Oasis, Metis, Syscoin, Velas, Klaytn, zkSyncEra, Astar, Astar EVM, Ripple, ICP, Cardano, Dogecoin, Polkadot, Litecoin, Monero, Algorand, Tezos, Dash, Zilliqa, XDC, Onthology, EOS, Filecoin, WAX, Waves, Ton, Secret, Sia, Osmosis, Mina, Kusama, IOTA, Hedera, Flow, Cosmos, Aptos, Neo, Stellar PulseChain, Polygon zkEVM, Linea, Mantle, Base, Scroll (mainnet). Scroll (testnet), Goerli (testnet), Arthera (testnet), ZetaChain (testnet), Taiko (testnet).
What date did you deploy on Arbitrum?: January 2022
Protocol Performance:
Total Users from Day 1 - 176,695
Total Transaction Number - 552,113
Total Transaction Volume - $508,365,994
We internally gather data on distinct wallet addresses, daily platform volume, and the trading volume of each integration partner.
We keep protocol’s statistics transparent, use https://dune.com/rubic_exchange/rubic-general-dashboard to check.
Our marketing team publishes weekly articles on Medium, highlighting Rubic’s achievements, development status, and future plans. We announce partnerships and integrations on social media, allowing users to verify our collaborations manually.
Our team is doxxed, and members can be reached out via Telegram, Discord, or email for any inquiries from users or potential partners.
Protocol Roadmap:
Our current focus is on new blockchains integration into Rubic to provide easy access to them on mainnet and testnet stages. We include integrated networks into the cross-chain development toolkit to empower projects to expand their reach and capabilities interacting with other networks, attract new users.
Audit History:
Rubic’s Cross-Chain Protocol was successfully audited. We have no risk, we have the ability to shut off any of different bridges, any of different liquidity pools that were compromised.
Here’s the documentation that proves the fact - MixBytes Audit - Rubic Documents.
SECTION 5: Data and Reporting
Is your team prepared to create Dune Dashboards for your incentive program?: Yes, our team is ready to prepare Dune Dashboards dedicated to incentive program.
Does your team agree to provide bi-weekly program updates on the Arbitrum Forum thread? Yes, our team is ready to report regularly to Arbitrum Forum about the process of the incentive program.
Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program’s funding stream?: Yes