Integration Grants Application '24: Radix Fund - Institutional-Grade Web3 Asset Management Platform

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APPLICATION INTRODUCTION

Name of the Project

Radix Fund - A compliant Web3 decentralized asset management platform providing institutional-grade financial products (such as RWA and Money Market Funds, etc.) on Conflux eSpace.

Problem Statement

The Conflux ecosystem currently lacks institutional-grade asset management infrastructure that can bridge traditional finance (TradFi) and Web3. Specifically:

  1. Missing Compliant RWA Products: There are no Hong Kong/Cayman-regulated platforms offering Real-World Asset (RWA) tokenization and management on Conflux, limiting institutional participation.

  2. Lack of Stable Yield Products: Retail and institutional investors on Conflux have limited access to low-risk, stable-yield investment vehicles similar to traditional money market funds.

  3. High Barrier for TradFi Migration: Traditional financial institutions struggle to enter the Web3 space due to regulatory uncertainty, technical complexity, and lack of proven use cases.

Proposed Solution

Radix Fund addresses these gaps by building a fully compliant, dual-entity (Hong Kong + Cayman) asset management platform on Conflux eSpace, featuring:

  • Money Market Fund with T+0 Liquidity: Instant purchase and redemption with real-time Net Asset Value (NAV) calculation, providing stable yields (target 4-8% APY) backed by real-world fixed-income assets.

  • RWA Fixed Income Products: Tokenized bonds, notes, and structured products with transparent yield distribution (7-15% APY), all custodied by licensed entities.

  • Institutional-Grade Infrastructure: Multi-signature wallets, comprehensive KYC/AML compliance, professional custody (Fireblocks/Copper), and regulatory reporting.

Alignment with Conflux Network

Radix Fund is strategically aligned with Conflux’s vision to become the leading compliant blockchain for institutional finance in Asia:

  1. Leveraging Conflux’s Technical Advantages:

    • Utilizes Conflux’s high throughput (3000+ TPS) and low gas fees (~$0.01 per transaction) to enable cost-effective, real-time asset management operations
    • Deploys on Conflux eSpace (EVM-compatible) for seamless integration with existing DeFi infrastructure

  2. AxCNH Stablecoin Ecosystem Integration:

    • Radix Fund will be the first major DApp to integrate Conflux’s offshore RMB stablecoin (AxCNH) for settlements
    • We will provide incentive rewards for users transacting in AxCNH, driving adoption and liquidity
    • Radix will serve as a key liquidity hub for AxCNH, demonstrating real-world utility

  3. Compliance Synergy:

    • Radix’s business model (RWA distribution and money market funds) addresses Hong Kong’s Web3 development priorities
    • Our team is actively pursuing Hong Kong SFC licensing (Type 1/4/9 licenses), aligning with Conflux’s compliance-first approach
    • Joint effort to establish Conflux as the regulatory benchmark for compliant DeFi in Asia-Pacific

Benefit to the Conflux Ecosystem

Developer Attraction:

  • Open-source smart contract templates (MoneyFundVault, RWAVault) that developers can fork to build similar financial applications
  • Comprehensive technical documentation and integration guides for Fluent Wallet, AxCNH, and Conflux eSpace
  • Workshops and hackathon sponsorships to educate developers on institutional DeFi architecture

Economic Benefit:

  • TVL Growth Target: $5M (MVP launch) → $50M (Year 1) → $500M (Year 3)
  • On-Chain Transactions: Estimated 10,000+ transactions monthly (purchases, redemptions, yield distributions)
  • User Acquisition: Target 5,000+ KYC-verified users in first year, bringing retail and institutional capital to Conflux
  • AxCNH Utilization: Expected $10M+ monthly AxCNH settlement volume by Q2 2026

Team Financial Commitment

Radix Fund’s founding team is committed to the project’s long-term success with significant personal capital investment:

  • Total Project Budget: $150,000
  • Team Co-Investment: $100,000 (67% of total budget)
  • Grant Request: $50,000 (33% of total budget)

This 2:1 team-to-grant investment ratio demonstrates our “skin in the game” approach. The team is self-funding:

  • Core technology development (67% of engineering costs)
  • Long-term operational infrastructure (80% of hosting and tools)
  • Regulatory compliance (85% of legal and licensing expenses)
  • Additional liquidity injection: $100,000 in initial capital for the Money Market Fund vault

The grant request focuses strategically on third-party services (security audit, KYC/AML integration) and Conflux ecosystem-specific features (AxCNH integration, community building) that benefit the broader network.

Competitive Edge

Radix Fund differentiates itself through:

  1. Dual-Entity Regulatory Compliance: Hong Kong Radix Limited (registered) + Cayman fund structure ensures full regulatory adherence for both Asian and global investors.

  2. Traditional Finance Pedigree:

    • Co-Founder Weiqi Gao: Former Sequoia Capital investor, led multiple US IPOs
    • Co-Founder Eddy Zheng: Family office PM managing $50M+ digital assets with proven track record in quantitative trading and RWA strategies
    • This TradFi expertise enables us to source high-quality RWA assets (investment-grade bonds, structured notes) unavailable to typical DeFi protocols

  3. Crypto Pedigree:

    • Professional crypto marketing and operations team that has successfully launched and operated multiple Defi projects (Including Perpetual Protocol, Fusion, Dodo, and several memecoins).

  4. Conflux Native Support:

    • Direct collaboration with Conflux Foundation on AxCNH integration and compliance initiatives

  5. AI-Driven Asset Management:

    • CEO Sibo Zhu (UofT PhD in AI) brings cutting-edge machine learning for portfolio optimization, risk assessment, and automated NAV calculation
    • AI-powered KYC/AML screening reduces operational costs while maintaining compliance

Links to Project Resources

  • Website: To be launched in Milestone 1 (radixfund.io)
  • DApp: To be deployed on Conflux eSpace Testnet in Milestone 1
  • GitHub: https://github.com/Sibozhu (CEO’s profile; organization repo to be created)
  • Twitter: https://twitter.com/sibo_zhu (Founder’s account; official @RadixFund to be launched)
  • Telegram Community: To be established in Milestone 1
  • Market Lead X: @wdahei

Conflux eSpace Grant Recipient Wallet Address

Multi-signature wallet (2-of-3) to be created in Milestone 1 using Conflux eSpace compatible tools. Wallet address will be submitted to Conflux Foundation within 2 weeks of grant approval.

Are You an Incorporated Startup?

Yes. Radix Limited is a registered company in Hong Kong (Company Registration Number: To be provided upon KYC). The Cayman fund entity is currently in registration process and expected to complete by Q2 2025.

TECHNICAL INTRODUCTION

Functional Goals

Radix Fund’s technical architecture aims to deliver:

  1. Real-Time Asset Management:

    • Instant purchase/redemption for Money Market Fund with <30 second blockchain confirmation
    • Hourly NAV updates based on underlying asset performance and accrued revenue
    • Gas-efficient transactions leveraging Conflux’s ~$0.01 fee structure

  2. Compliant RWA Tokenization:

    • Smart contract-based issuance of RWA fixed-income products as ERC-20 tokens
    • Automated yield distribution (monthly/quarterly) with transparent on-chain records
    • Maturity-based redemption with principal + interest settlement

  3. Institutional-Grade Security:

    • Multi-signature treasury management (2-of-3 or 3-of-5 signers)
    • Emergency pause functionality with 48-hour timelock for sensitive operations
    • Cold wallet custody for 95% of assets, hot wallet (5%) for daily redemptions

  4. Regulatory Compliance Integration:

    • KYC/AML verification (Onfido/Jumio integration) with tiered access (L0-L3)
    • AML monitoring with automatic flagging for transactions >$10K and daily cumulative >$50K
    • Encrypted document storage on AWS S3 (Cayman region) with 7-year retention

Reference to Problem Statement

These functional goals directly address the identified gaps:

  • Lack of compliant RWA products → Solved by regulated fund structure + smart contract transparency
  • Missing stable yield options → Delivered through money market fund with consistent 4-8% APY
  • High TradFi barrier → Lowered via familiar UX (investment minimums, KYC tiers, regulatory compliance)

Existing Solutions and Feasibility Study

Feature Traditional DeFi (Aave, Compound) TradFi Asset Management Radix Fund (Our Solution)
Regulatory Compliance :x: No KYC, unregulated :white_check_mark: Full compliance :white_check_mark: Dual-entity compliance
Yield Stability :x: Volatile (0-20% APY) :white_check_mark: Stable (3-6% APY) :white_check_mark: Stable (4-12% APY)
Gas Costs :x: High ($5-50 on Ethereum) N/A :white_check_mark: Low ($0.01 on Conflux)
Transparency :white_check_mark: On-chain :x: Opaque :white_check_mark: Hybrid (on-chain + audited reports)
Custody :warning: Smart contract only :white_check_mark: Licensed custodian :white_check_mark: Licensed + multi-sig
Liquidity :white_check_mark: Instant :x: T+2 to T+7 :white_check_mark: T+0 (Money Fund) / T+1 (RWA)

Feasibility: Radix Fund combines the best of both worlds—DeFi’s transparency and efficiency with TradFi’s compliance and stability. Our dual-entity structure has been validated by legal counsel familiar with Hong Kong SFC and Cayman CIMA regulations.

Purpose of the System

To establish Conflux as the premier blockchain for compliant institutional finance in Asia-Pacific by:

  1. Providing a reference implementation of regulated asset management on-chain
  2. Demonstrating AxCNH’s utility in real-world financial applications
  3. Attracting traditional institutional capital ($100M+ AUM target by Year 2) to Conflux ecosystem

Scope of the System

In-Scope for Grant Period (6 months):

  • Phase 1 MVP: Money Market Fund + RWA Fixed Income products
  • Conflux eSpace mainnet deployment
  • KYC/AML compliance infrastructure (Levels 1-2)
  • AxCNH stablecoin integration for settlements
  • Basic AI-powered NAV calculation and portfolio monitoring

Out-of-Scope (Future Roadmap):

  • Phase 2 RWA Launchpad (asset tokenization platform for third-party issuers)
  • Multi-chain expansion (Ethereum, Polygon)
  • Advanced AI features (sentiment analysis, predictive modeling)
  • Mobile native app (initial release will be responsive web app)

Objectives and Success Criteria

Milestone Objective Success Criteria
M1 (Month 1-2) Testnet Deployment - Smart contracts deployed on Conflux Testnet
- 100+ test transactions executed
- Security review (pre-audit) passed
M2 (Month 3-4) Full Feature Development - Professional security audit completed (OpenZeppelin/CertiK)
- Beta testing with 50+ whitelisted users
- <1% bug rate in QA testing
M3 (Month 5-6) Mainnet Launch - Mainnet deployment on Conflux eSpace
- $1M+ TVL within 30 days
- $500K+ AxCNH transaction volume
- 500+ KYC-verified users

Definitions, Acronyms, and Abbreviations

  • RWA: Real-World Assets (bonds, notes, real estate, commodities)
  • NAV: Net Asset Value - the per-share value of a fund’s assets minus liabilities
  • T+0: Trade date + 0 days settlement (instant liquidity)
  • TVL: Total Value Locked - total assets under management in smart contracts
  • KYC: Know Your Customer - identity verification process
  • AML: Anti-Money Laundering - transaction monitoring and suspicious activity reporting
  • ERC-20: Ethereum Request for Comment 20 - standard for fungible tokens (compatible with Conflux eSpace)
  • AxCNH: Offshore RMB stablecoin issued on Conflux

References

TECHNICAL PROPOSAL

Functional Overview

Radix Fund consists of four interconnected layers:

Layer 1: User Interface

  • Frontend Framework: React 19 + Next.js 15 (Server-Side Rendering for SEO and performance)
  • Wallet Integration: Fluent Wallet (Conflux native) with Account Abstraction (AA) support for gasless transactions
  • State Management: Zustand for client-side state + React Query for server state caching
  • UI Components: Shadcn/ui for enterprise-grade design system
  • Responsive Design: Mobile-first approach with PWA capabilities

Layer 2: Application Services (Microservices Architecture)

  • User Service: JWT authentication, KYC/AML (Onfido/Jumio), tiered access control
  • Product Service: Fund catalog, real-time NAV, IPFS whitepapers
  • Transaction Service: Order management, js-conflux-sdk interaction, WebSocket tracking
  • Financial Service (Python + FastAPI): NAV computation, yield distribution, reporting
  • Notification Service: SendGrid email, in-app alerts, Bull queue (Redis)
  • Blockchain Listener: Contract event monitoring, TheGraph indexing, workflow triggers

Layer 3: Data Storage

  • PostgreSQL 16: Relational data (users, products, transactions, KYC records)
  • Redis 7: Session management, rate limiting, job queues, real-time caching
  • AWS S3 (Cayman Region): Encrypted KYC documents (AES-256), compliance reports
  • IPFS: Immutable storage for legal documents, product whitepapers, audit reports

Layer 4: Blockchain (Conflux eSpace)

Core Smart Contracts (Solidity 0.8.20+):

  1. MoneyFundVault.sol - T+0 Money Market Fund

    • Functions: purchase(), redeem(), getCurrentNAV(), distributeRevenue()
    • Security: ReentrancyGuard, Pausable, AccessControl, circuit breaker (30% pool limit)

  2. RWAFixedIncomeVault.sol - Tokenized RWA Products

    • Functions: subscribe(), claimRevenue(), redeemAtMaturity()
    • Features: Fixed/floating rates, automated yield, maturity enforcement

  3. Security Infrastructure: Gnosis Safe multi-sig, Timelock Controller (48h), Whitelist Registry

Integration with Conflux Ecosystem:

  • Fluent Wallet SDK: Custom hooks for wallet connection, transaction signing, AA wallet creation
  • AxCNH Integration: Direct ERC-20 interface with AxCNH stablecoin contract
    • Incentive mechanism: 0.1% cashback in platform tokens for AxCNH settlements
    • Swap integration: Built-in AxCNH :left_right_arrow: USDT/USDC conversion via Conflux DEXs
  • Chainlink Oracles: Price feeds for NAV calculation and RWA asset valuation

Legal/Licensing Aspects

  1. Regulatory Framework:

    • Hong Kong: Radix Limited operates under TCSP (Trust or Company Service Provider) license initially; applying for SFC Type 1/4/9 licenses by Q3 2025
    • Cayman: Fund entity registered under Cayman Islands Mutual Funds Act, managed by licensed fund administrator

  2. Intellectual Property:

    • Smart contracts will be open-sourced under MIT License to benefit Conflux ecosystem
    • Proprietary AI algorithms and business logic remain closed-source
    • “Radix Fund” trademark registration in process in Hong Kong

  3. Data Privacy:

    • GDPR compliant (for EU users) + Hong Kong PDPO (Personal Data Privacy Ordinance) compliant
    • KYC data stored in Cayman AWS region with strict access controls
    • Zero-knowledge proof technology planned for Phase 2 to enhance privacy

Non-Functional Requirements

  • Usability: 95% users complete purchase <3min (post-KYC), WCAG 2.1 AA, English + Chinese (Phase 2)
  • Reliability: 99.9% uptime SLA, daily backups (<4h RTO), proxy pattern upgradability
  • Performance: <2s frontend load, <500ms API (p95), <100K gas/tx, hourly NAV updates <5min

Implementation Highlights

  1. CI/CD Pipeline:

    • GitHub Actions for automated testing (Hardhat for smart contracts, Jest for backend, Cypress for frontend)
    • Automatic deployment to Conflux Testnet on merge to develop branch
    • Manual approval required for mainnet deployment

  2. Monitoring & Observability:

    • Application Monitoring: Datadog APM for backend performance tracking
    • Blockchain Monitoring: Tenderly for smart contract event monitoring and gas analytics
    • Error Tracking: Sentry for frontend + backend error reporting

  3. Security Practices:

    • Smart Contract Audit: Professional audit by OpenZeppelin or CertiK before mainnet deployment
    • Penetration Testing: Third-party security assessment of web application and APIs
    • Bug Bounty Program: Launch on Immunefi post-mainnet with $50K reward pool

User Interface

Key Pages:

  1. Dashboard: Portfolio overview (total assets, current yield, transaction history)
  2. Money Market Fund Page: Real-time NAV, purchase/redeem interface, historical performance chart
  3. RWA Marketplace: Browse available RWA products with risk ratings, yield projections
  4. Transaction Center: Pending/completed transactions with blockchain explorer links
  5. Account Settings: KYC status, security settings (2FA), notification preferences

Design Principles:

  • Institutional Aesthetic: Clean, professional design inspired by Bloomberg Terminal and traditional finance platforms
  • Transparency: All fees, risks, and T&Cs clearly displayed; no hidden costs
  • Progressive Disclosure: Advanced features (e.g., AI portfolio insights) hidden for beginners, accessible for power users

TOTAL BUDGET

Grant Size

We are requesting a total grant of $50,000 USD from the Conflux Ecosystem Grants program.

Total Project Budget

The complete development and launch of Radix Fund requires a total investment of $150,000 USD, structured as follows:

  • Team Co-Investment: $100,000 (67%)
  • Grant Request: $50,000 (33%)

This 2:1 investment ratio demonstrates our team’s strong financial commitment and “skin in the game” for the project’s success.

Budget Breakdown by Category

Category Total Cost Team Investment Grant Request Grant %
Smart Contract Development $30,000 $20,000 $10,000 33%
Frontend Development $15,000 $10,000 $5,000 33%
Backend Development $12,000 $8,000 $4,000 33%
Security Audit $15,000 $5,000 $10,000 67%
KYC/AML Integration $8,000 $2,000 $6,000 75%
Infrastructure & Tools $15,000 $12,000 $3,000 20%
AxCNH Integration & Testing $5,000 $2,000 $3,000 60%
Marketing & Community $10,000 $7,000 $3,000 30%
Legal & Compliance $20,000 $17,000 $3,000 15%
Initial Liquidity Pool $20,000 $17,000 $3,000 15%
TOTAL $150,000 $100,000 $50,000 33%

Team Financial Commitment

Funding Source: The $100,000 team investment comes from the founders’ personal funds, demonstrating our unwavering commitment to Radix Fund’s success on Conflux.

Investment Strategy:

  1. Core Technology Development (67% Team-Funded):

    • The team is heavily investing in smart contract, frontend, and backend development
    • We are self-funding the majority of engineering costs to ensure we have full ownership and control over the core technology
    • This ensures continuity and long-term sustainability beyond the grant period

  2. Third-Party Services (Majority Grant-Funded):

    • Security audit (67% grant-funded): Professional third-party audits are essential for mainnet deployment
    • KYC/AML integration (75% grant-funded): Regulatory compliance infrastructure benefits the entire Conflux ecosystem
    • These one-time costs are strategically covered by grant funds to maximize efficiency

  3. Long-Term Operational Costs (80-85% Team-Funded):

    • Infrastructure & Tools: Team covers 80% of hosting, development tools, and monitoring costs
    • Legal & Compliance: Team self-funds 85% of regulatory expenses (Hong Kong SFC licensing, legal counsel)
    • This demonstrates our commitment to operational sustainability

  4. Ecosystem Growth (Balanced Investment):

    • AxCNH Integration: 60% grant-funded to align with Conflux’s strategic priority for stablecoin adoption
    • Marketing: 70% team-funded to ensure genuine commitment to user acquisition
    • Initial Liquidity: 85% team-funded ($17K) to bootstrap the Money Market Fund with real capital

Additional Capital Injection: Beyond the $150K development budget, the team is committing an additional $100,000 in initial liquidity to the Money Market Fund vault upon mainnet launch. This separate capital injection ensures users have immediate access to a functional, liquid money market product.

Detailed Category Justifications

Smart Contract Development ($30,000 total):

  • Senior Solidity engineer (2.5 months): $18K for MoneyFundVault, RWAFixedIncomeVault, multi-sig treasury, gas optimization, Hardhat testing, Conflux eSpace/AxCNH integration, code reviews

Frontend Development ($15,000 total):

  • React 19 + Next.js 15 developer (2 months): $10K for Fluent Wallet + Account Abstraction, responsive UI (Shadcn/ui + Tailwind v4), real-time dashboard, WebSocket updates

Backend Development ($12,000 total):

  • Node.js microservices (User/Product/Transaction): $7K, Python FastAPI (financial calculations): $3K, PostgreSQL + Redis schema: $2K, API + WebSocket development, Conflux blockchain interaction

Security Audit ($15,000 total):

  • Professional audit (OpenZeppelin/CertiK/PeckShield): $12K, web penetration testing: $2K, security remediation: $1K

KYC/AML Integration ($8,000 total):

  • Onfido/Jumio SDK integration + licensing (6 months): $5K, compliance workflow (tiered KYC, AML monitoring): $2K, AWS S3 encrypted storage: $1K

Infrastructure & Tools ($15,000 total):

  • AWS hosting (EC2/RDS/S3, 6 months): $6K, Conflux deployment fees: $2K, dev tools (Tenderly/Datadog/Sentry): $4K, domain/SSL/CDN: $1K, Redis + backups: $2K

AxCNH Integration & Testing ($5,000 total):

  • AxCNH contract integration: $2K, Conflux DEX swap functionality: $1.5K, incentive mechanism (cashback/bonus yield): $1K, load testing: $500

Marketing & Community ($10,000 total):

  • radixfund.io website: $3K, social media (Twitter/Telegram): $2K, content creation (blog/tutorials/videos): $2K, referral campaigns: $2K, press releases: $1K

Legal & Compliance ($20,000 total):

  • Hong Kong SFC license application + counsel: $12K, Cayman fund registration: $4K, smart contract legal review + ToS: $2K, AML/CFT documentation: $2K

Initial Liquidity Pool ($20,000 total):

  • Seed liquidity for Money Market Fund T+0 functionality: $20K (Team: $17K, Grant: $3K)

Cost Efficiency Measures

  • Open-Source Leverage: Utilizing frameworks like OpenZeppelin, Hardhat, Next.js, and Shadcn/ui to reduce development time by 30-40%
  • Conflux’s Low Gas Fees: Deploying on Conflux eSpace reduces testing and deployment costs by ~95% compared to Ethereum mainnet (~$0.01 vs $50+ per transaction)
  • Optimized Team Structure: Founders acting as hands-on developers (Sibo leading smart contracts, Eddy managing compliance) reduces burn rate
  • Strategic Contractor Use: Part-time specialists for security audit, legal, and KYC integration to optimize costs while maintaining quality
  • Cloud Cost Optimization: Leveraging AWS free tier and reserved instances for infrastructure savings

Grant Fund Allocation Across Milestones

Milestone Grant Amount Percentage Focus
Milestone 1 $25,000 50% Smart contract development, Testnet deployment, infrastructure setup
Milestone 2 $15,000 30% Security audit, KYC/AML integration, full feature development
Milestone 3 $10,000 20% AxCNH integration, mainnet deployment, operational launch

This front-loaded allocation ensures we have maximum resources during the critical development phase while demonstrating our ability to scale efficiently as the platform matures.

DEVELOPMENT ROADMAP

Total Timeline: 6 months from grant approval

Project Start Date: Upon grant approval (Estimated December 2025)
Target Mainnet Launch: June 2026

MILESTONE 1: Smart Contract Development & Testnet Deployment

Duration: 2 months (Month 1-2)

Financial Breakdown:

  • Grant Request: $25,000 (50% of total grant)
  • Team Co-Investment: $45,000
  • Total Milestone Budget: $70,000
  • Team Contribution Ratio: 64%

Grant Fund Allocation ($25,000)

Category Amount Purpose
Smart Contract Development $10,000 Conflux eSpace-specific contract development and optimization
Frontend Development $5,000 Fluent Wallet integration and UI components
Backend Development $4,000 Blockchain interaction services and API development
Infrastructure & Tools $3,000 AWS setup, Conflux deployment, monitoring tools
AxCNH Integration $2,000 Initial AxCNH contract integration and testing
Marketing & Community $1,000 Website launch and social media setup

Team Self-Funded ($45,000)

Category Amount Purpose
Core Engineering Team Salaries $30,000 Full-time senior developers (smart contracts, full-stack)
AWS Infrastructure Setup $5,000 EC2, RDS, S3 hosting for 6 months
Website Development $4,000 Professional UI/UX design and radixfund.io implementation
Legal Consultation $3,000 Initial legal review of smart contracts and terms
Development Tools & Licenses $2,000 IDE licenses, testing frameworks, analytics tools
Internal Testing Budget $1,000 Testnet gas fees and internal QA resources

Objectives:

  1. Develop and deploy core smart contracts on Conflux eSpace Testnet
  2. Build foundational frontend and backend infrastructure
  3. Establish project online presence and development workflows

Detailed Activities:

  • Smart Contracts: MoneyFundVault & RWAFixedIncomeVault development, multi-sig treasury (Gnosis Safe), unit tests (>90% coverage), Testnet deployment, internal security review
  • Frontend: Next.js 15 + TypeScript setup, Fluent Wallet + AA integration, dashboard/purchase UI, Testnet integration
  • Backend: PostgreSQL schema, User/Transaction Services, js-conflux-sdk, Redis sessions, Swagger API docs
  • Infrastructure: CI/CD (GitHub Actions), AWS (EC2/RDS/S3), monitoring (Tenderly/Datadog), multi-sig wallet creation
  • Community: radixfund.io launch, Twitter (@RadixFund), Telegram, M1 blog post

Deliverables:

  • :white_check_mark: Smart contracts deployed on Conflux eSpace Testnet with verified source code
  • :white_check_mark: Functional web app (radixfund.io) allowing users to:
    • Connect Fluent Wallet
    • Simulate Money Fund purchase/redeem on Testnet (with test tokens)
    • View real-time NAV and transaction history
  • :white_check_mark: GitHub repository with open-sourced smart contracts (MIT License)
  • :white_check_mark: Technical documentation (architecture diagrams, API docs, contract specs)
  • :white_check_mark: Multi-sig wallet address for future grant fund management
  • :white_check_mark: Demo video (5 minutes) showcasing Testnet functionality

Success Metrics:

  • 100+ Testnet transactions executed by internal team and early testers
  • <1 second average transaction confirmation time
  • 0 critical security vulnerabilities in internal review
  • Website launch with 500+ visitors in first week

MILESTONE 2: Full Feature Development & Security Audit

Duration: 2 months (Month 3-4)

Financial Breakdown:

  • Grant Request: $15,000 (30% of total grant)
  • Team Co-Investment: $35,000
  • Total Milestone Budget: $50,000
  • Team Contribution Ratio: 70%

Grant Fund Allocation ($15,000)

Category Amount Purpose
Security Audit $10,000 Professional smart contract audit (OpenZeppelin/CertiK)
KYC/AML Integration $3,000 Onfido/Jumio SDK integration and licensing
Frontend Development $1,000 KYC onboarding flow and financial dashboard
Backend Development $1,000 Event listener and notification services

Team Self-Funded ($35,000)

Category Amount Purpose
Core Engineering Salaries $20,000 Full-time developers for feature completion
KYC/AML Development $3,000 Internal compliance workflow and AML monitoring system
Financial Calculation Service $4,000 Python FastAPI NAV calculation and reporting APIs
Frontend Enhancement $3,000 Financial dashboard, charts, RWA marketplace
Backend Services $2,000 Product Service, Notification Service, Redis integration
Security Audit Support $2,000 Internal security review and remediation work
Testing & QA $1,000 Beta testing infrastructure and bug tracking

Objectives:

  1. Complete all MVP features including KYC/AML and financial reporting
  2. Conduct professional security audit of smart contracts
  3. Perform comprehensive testing and bug fixes

Detailed Activities:

  • Smart Contract Enhancements: Timelock Controller, circuit breaker (auto-pause), gas optimization (<80K/tx), multi-sig batch transactions
  • KYC/AML Integration: Onfido/Jumio SDK, tier system (L0-L3), AML dashboard (transaction flagging >$10K, OFAC/UN screening), AWS S3 encrypted storage
  • Financial Calculation Service: Python FastAPI NAV calculation, hourly updates, reporting APIs (daily/monthly/yield), Chainlink oracles
  • Frontend Completion: KYC onboarding flow, financial dashboard (Recharts), transaction history (CSV export), RWA marketplace, mobile optimization
  • Backend Services: Product Service (RWA catalog), Notification Service (SendGrid/WebSocket), event listener (TheGraph), Redis Bull queue
  • Security Audit: Professional audit (OpenZeppelin/CertiK), scope (MoneyFundVault/RWAVault/multi-sig), remediate critical/high issues, clearance letter
  • Testing & QA: 50+ beta testers, stress testing (1K users, 10K transactions), bug resolution (<5 critical, <20 minor)

Deliverables:

  • :white_check_mark: Fully functional MVP with all features:
    • KYC/AML verification (L1-L2 tiers)
    • Money Market Fund and RWA product support
    • Financial reporting and user dashboards
  • :white_check_mark: Professional security audit report from recognized firm
  • :white_check_mark: Remediation report showing all security issues resolved
  • :white_check_mark: Beta testing report with user feedback and metrics:
    • 50+ beta users completed transactions
    • Average user satisfaction score >4/5
    • <1% error rate in transactions
  • :white_check_mark: Updated technical documentation reflecting all features
  • :white_check_mark: Performance testing report (load testing, gas analysis)

Success Metrics:

  • Security audit passed with 0 critical/high vulnerabilities remaining
  • Beta version deployed on Testnet with 500+ test transactions
  • <2 second average page load time (95th percentile)

  • 95% positive feedback from beta testers on usability

MILESTONE 3: Mainnet Deployment, AxCNH Integration & Launch

Duration: 2 months (Month 5-6)

Financial Breakdown:

  • Grant Request: $10,000 (20% of total grant)
  • Team Co-Investment: $20,000
  • Total Milestone Budget: $30,000
  • Team Contribution Ratio: 67%

Grant Fund Allocation ($10,000)

Category Amount Purpose
KYC/AML Integration $3,000 Final KYC provider integration and compliance testing
AxCNH Integration $3,000 AxCNH swap interface, incentive mechanism, DEX integration
Marketing & Community $2,000 Launch campaign, content creation, partnership announcements
Initial Liquidity Pool $2,000 Supplemental liquidity for Money Market Fund

Team Self-Funded ($20,000)

Category Amount Purpose
Initial Liquidity Injection $15,000 Main liquidity pool for T+0 Money Market Fund functionality
Legal & Compliance $14,000 Hong Kong SFC license application, legal counsel, compliance docs
Marketing Campaign $5,000 Press releases, crypto media outreach, referral programs
Operational Setup $3,000 Custody integration (Fireblocks/Copper), RWA asset sourcing
Monitoring & Analytics $2,000 Production monitoring tools, analytics dashboards
Community Engagement $1,000 Educational content, webinars, Twitter Spaces, AMA events

Note: Beyond the $15K allocated above, the team commits an additional $85,000 in initial liquidity (totaling $100K) to the Money Market Fund vault upon mainnet launch, ensuring robust T+0 functionality from day one.

Objectives:

  1. Deploy audited smart contracts to Conflux eSpace Mainnet
  2. Integrate AxCNH stablecoin for settlements with incentive mechanism
  3. Launch operations and acquire initial users
  4. Begin Hong Kong SFC licensing application process

Detailed Activities:

  • Mainnet Deployment: Deploy contracts to Conflux eSpace, verify on ConfluxScan, initialize parameters (NAV=1.0), multi-sig setup, transfer $100K liquidity
  • AxCNH Integration: ERC-20 contract integration, incentives (0.1% cashback, +0.5% APY bonus), DEX swap interface (Swappi/Meson), test $10K+ mainnet volume
  • Operational Launch: Obtain $500K RWA assets, custody (Fireblocks/Copper), public KYC registration, marketing (Twitter AMAs, Conflux community, partnerships, press releases)
  • User Acquisition: Referral program ($50 USDT/first 100), liquidity mining, educational content (tutorials/blogs/webinars), community engagement (Telegram/Twitter Spaces)
  • Compliance & Licensing: Submit HK SFC applications (Type 1/4/9), prepare documentation (AML/CFT manual, risk framework), engage legal counsel, begin CIMA reporting
  • Monitoring & Optimization: Daily TVL/transaction/user monitoring, weekly Conflux Foundation reports, bug fixes, Phase 2 preparation

Deliverables:

  • :white_check_mark: Mainnet deployment on Conflux eSpace with verified contracts
  • :white_check_mark: AxCNH integration fully functional with demonstrated transaction volume:
    • $500K+ AxCNH settled through Radix Fund in first month
    • 200+ users transacted using AxCNH
  • :white_check_mark: Operational platform with real user traction:
    • $1M+ Total Value Locked (TVL) within 30 days of launch
    • 500+ KYC-verified users registered
    • 2,000+ total transactions (purchases + redemptions)
  • :white_check_mark: Hong Kong SFC license application submitted with acknowledgment letter
  • :white_check_mark: Public launch announcement and media coverage:
    • 5+ crypto news articles mentioning Radix Fund
    • 2,000+ Twitter followers
    • 500+ Telegram community members
  • :white_check_mark: Monthly operational report to Conflux Foundation including:
    • User growth metrics (registrations, KYC conversions, active users)
    • TVL and transaction volume breakdown
    • AxCNH utilization statistics
    • Compliance updates (AML flags, KYC rejections)
  • :white_check_mark: Post-launch technical report:
    • Performance benchmarks (gas costs, transaction latency)
    • Smart contract audit follow-up (no new vulnerabilities introduced)
    • Recommendations for Phase 2 improvements

Success Metrics:

  • TVL Target: $1,000,000+ within 30 days of mainnet launch
  • AxCNH Volume: $500,000+ monthly settlement volume
  • User Acquisition: 500+ KYC-verified users, 2,000+ total registrations
  • Transaction Volume: 2,000+ on-chain transactions (avg 70/day)
  • Platform Uptime: 99.9% (measured via Datadog)
  • AxCNH Adoption: 40%+ of transactions use AxCNH (vs USDT/USDC)
  • Media Coverage: Featured in 5+ reputable crypto/finance publications
  • Community Growth: 2,000+ Twitter followers, 500+ active Telegram members
  • Compliance: 0 regulatory violations, successful AML monitoring with <2% false positive rate

TEAM

Sibo Zhu - Co-Founder & CEO

Role & Responsibilities: Lead strategy, AI integration for NAV calculation, engineering management

Relevant Experience:

  • PhD in AI (UofT), Former MIT Autonomous Racing Team Lead (international podium finishes)
  • Led AI startup ($10M+ Series A), published in ICRA/IROS conferences
  • Expert in ML, real-time systems, blockchain-AI integration

GitHub: https://github.com/Sibozhu
Twitter: https://twitter.com/sibo_zhu
LinkedIn: https://www.linkedin.com/in/sibo-zhu/

Eddy Zheng - Co-Founder

Role & Responsibilities: Investment strategies, RWA sourcing, treasury operations, quant trading algorithms

Relevant Experience:

  • 10+ years in global macro, manages $50M+ digital assets for family office
  • Expert in discretionary alpha, delta-neutral strategies, DeFi structured products, risk management

Weiqi Gao - Co-Founder

Role & Responsibilities: Fundraising, investor relations, regulatory compliance, Hong Kong SFC licensing, RWA due diligence

Relevant Experience:

  • Former Sequoia Capital investor, led multiple US IPOs for high-tech companies
  • Cross-border regulatory expert, MSc Finance (Johns Hopkins)

Market Lead Nikkor

Role & Responsibilities:

  • Lead marketing campaigns and community growth strategies
  • Manage social media presence and content creation
  • Coordinate partnerships and business development initiatives

Relevant Experience:

  • Successfully led the marketing, operations, and investor relationships for several renowned web3 projects (including Perpetual Protocol, Fusion, Dodo, and several memecoins).
  • Web3 KOL with plenty of industrial resources

Social Media:

  • X (Twitter): @wdahei

Note: Additional team members’ contact information will be provided upon KYC submission to Conflux Foundation for privacy reasons.

Team Strengths Summary:

  • :white_check_mark: Complementary Expertise: AI/Blockchain (Sibo), TradFi Investing (Eddy), Regulatory/Capital Markets (Weiqi)
  • :white_check_mark: Proven Track Record: Research publications, Sequoia investment experience, $50M+ AUM management
  • :white_check_mark: Compliance-First: Team members experienced in navigating Hong Kong SFC, US SEC, and Cayman CIMA regulations
  • :white_check_mark: Institutional Credibility: Backgrounds from top-tier institutions (UofT/MIT/JHU, Sequoia, Johns Hopkins) inspire confidence from traditional finance partners

TERMS OF USE

I agree to all of the following terms of use in applying to a Conflux Ecosystem Grant:

:white_check_mark: I have read and understood the Conflux Grants Ecosystem Overview

I acknowledge thorough review of the Conflux Ecosystem Grants program documentation, including eligibility criteria, evaluation process, and grant terms. This grant supports projects contributing to Conflux Network growth.

:white_check_mark: No-Sale Rule Compliance

I confirm understanding of the No-Sale rule prohibiting token/equity sales in exchange for grant funding. Radix Fund will not conduct token sales or equity offerings tied to this grant. Grant funds for development/security/operational expenses only. Future token issuance (if any) will comply with securities laws independently. Milestones based on technical deliverables, not fundraising. Conflux Foundation has full transparency into fund usage.

:white_check_mark: KYC Information Provision

I consent to provide comprehensive KYC to Conflux Foundation: company registration (HK Radix Limited), proof of address, government IDs (passport/national ID), background checks, beneficial ownership disclosure. Information kept confidential for grant due diligence, compliance, and ecosystem security. Will update if material changes occur.

:white_check_mark: Public Grant Reporting

I agree to comply with all reporting requirements: Milestone Reports (deliverables with documentation, public announcements, delay disclosures); Monthly Updates (TVL, transaction volume, user growth, AxCNH utilization, compliance status, grant usage); Open-Source (smart contracts on GitHub under MIT License, technical docs, developer updates); Community Engagement (quarterly AMAs, Conflux event participation, documentation contributions). Failure to comply may result in grant suspension. I commit to transparency throughout the grant period.

Authorized Signatory:

Name: Sibo Zhu
Title: Co-Founder & CEO, Radix Limited
Date: 2025.11.17

Name: Eddy Zheng
Title: Co-Founder, Radix Limited
Date: 2025.11.17