Application Introduction
- Name of the project
Fufuture - Problem statement in the existing Conflux ecosystem and the proposed solution
The current Conflux ecosystem lacks a platform that allows token holders to trade derivatives directly with their tokens without converting them to stablecoins (U). Token holders face high risks in traditional derivatives markets. Fufuture solves this by introducing decentralized perpetual options, which offer no liquidation risk, limited losses, and unlimited profit potential. - Alignment of the project with the Conflux Network
Benefit to the Conflux Ecosystem: How this product will entice more developers to build on Conflux : Fufuture will attract more developers to build DeFi projects on Conflux by offering a new and innovative decentralized options trading product. This will enhance the ecosystem’s credibility and usability, positioning Conflux as a leader in decentralized derivatives trading.
Economic benefit: How this product will increase assets and transactions on-chain
By enabling coin-based perpetual options trading, FuFuture will increase on-chain transactions and assets within the Conflux ecosystem. The ability to trade without converting to stablecoins will enhance user retention and liquidity, directly increasing the overall transaction volume and on-chain interactions on Conflux, while efficiently burning gas. - Demonstrate a competitive edge that differentiates it from other projects
Fufuture is the world’s first fully decentralized coin-based perpetual options trading platform. It allows users to trade with any token as collateral without converting to stablecoins, and it offers no liquidation risk. This feature, combined with higher win rates and security from SlowMist audit, sets Fufuture apart from other projects. - Provide links to the project’s webpage, DApp, socials, and chat groups
Official Website:https://www.fufuture.io
Dapp: https://app.fufuture.io
Telegram: https://t.me/+AvQWu0Lg6tcxMjZl
Twitter: https://twitter.com/fufuture_io - Conflux eSpace grant recipient wallet address Conflux eSpace
0x0CB5274a8Ff86b7b750933B09aba8B5eb3660977 - Are you an incorporated startup?
Founded in 2021, FuFuture has now grown into a well-established team.
Technical Introduction
Provide a brief overview of the functional goals of your system, pairing it with reasons for its development.
- Refer back to problem statement
In the current Conflux ecosystem, token holders cannot easily trade derivatives without converting their tokens into stablecoins, and the existing financial derivatives trading platforms expose them to high risks, including liquidation. Fufuture addresses this problem by introducing a fully decentralized platform for perpetual options trading, allowing users to trade with any token as collateral while minimizing risk through a non-liquidation model. This enables more users to participate in derivatives trading without worrying about large-scale losses or market volatility. Additionally, Fufuture is positioned to enhance the financial utility of tokens by allowing them to serve not only as assets but also as financial tools, creating more liquidity and increasing turnover in the secondary market - Identify existing solutions (if any) and include a feasibility study
Existing decentralized trading platforms, such as Uniswap and PancakeSwap, focus on spot trading and simple token swaps. Although they support a wide range of tokens, they do not offer derivatives trading. Derivatives trading platforms like GMX only support a limited 37 trading pairs and come with high trading risks.Fufuture’s perpetual options product is feasible due to its use of decentralized oracles (Chainlink) and its non-liquidation design, making it a unique and viable solution for risk-conscious traders - Purpose of the system
FuFuture is a cutting-edge platform specializing in coin-based derivatives trading. Its coin-based perpetual options products are designed to help traders achieve potential gains while limiting possible losses.This enhances liquidity, risk management, and profitability for users while maintaining a decentralized, transparent, and secure trading environment. - Scope of the system
The system scope includes: - Allowing perpetual options trading on BTC and ETH using any token as collateral.
- Implementing decentralized oracles for price feeds.
- Enabling liquidity pools where users can contribute tokens and earn rewards.
- Objectives and success criteria of the project
Increase the trading retention rate of native CFX token holders to 30%.
Connect high-quality project tokens on CFX to FuFuture.
• Success criteria include high user retention, increased TVL (Total Value Locked), and high participation in liquidity pools. - Definitions, acronyms, and abbreviations
TVL: Total Value Locked (the total amount of funds held in the platform’s smart contracts) CEX: Centralized Exchange DEX: Decentralized Exchange - Include any references Official Medium https://medium.com/@Fufuture Official Gitbook https://fufuture.gitbook.io/fufuture/
Technical Proposal
- Functional overview of your system
Identify all of the core aspects of your system and elements to uphold its functionality • A non-liquidation trading system. • Chainlink-powered decentralized price feeds. • Provide liquidity to earn token dividends.
Legal/licensing aspects (if any)
None - Non-functional overview, outlining user-expected factors which are not directly related to functionality
- Usability: The platform is designed for traders and liquidity providers.
- Reliability: The system uses audited smart contracts to ensure safe and reliable transactions.
- Performance: The platform aims for high throughput and low latency in trade executions.
- Implementation：Fufuture will be implemented through gradual deployment, starting with testnet trials, followed by a full launch on the mainnet for BTC and ETH perpetual options trading.
- User interface：The user interface is designed to be intuitive, offering customizable trading views, easy market tracking, and multi-language support for a global audience.
Budget
- Grant Size
The total grant requested is $50000 to cover development, security audits, marketing, and liquidity incentives - Justification: Break down the activities and costs associated with requested grant amount
The requested funds will be used for:
Smart contract development: 20%
Security audit: 20%
Marketing and branding: 20%
treading incentives: 40%
Development Roadmap
Outline the general timeline and set milestones for deployment of your system using the Conflux grant. Set deliverables in advance to confirm achievement of a milestone so that the community can track your progress. Include:
Timeline and milestones
Early November: Complete the deployment of the FuFuture protocol on the Conflux chain, including oracle and other deployment developments.
Two Months :(Early November to Early January): Activate native token trading on the Conflux chain, increasing interaction volume.
Phase Three :(Two Months): Complete the cross-chain transfer of additional tokens to Conflux.
Requested funding per milestone
Early November: $20000 for smart contract development and initial security audits.
Two Months: $10000 for product launch on Conflux and BSC, including marketing campaigns.
Phase Three: $20000 for treading incentives.
Specification of software/deliverable
- Fully functional smart contracts for perpetual options trading.
- Decentralized price feed integration (Chainlink).
- Liquidity pool functionality mechanisms.
- User-friendly UI for trading and liquidity provision
Team
Describe the team of the project, their skills and roles. Please include the following information for all team members:
- Name
Bill
Jack ma
June
Dabai
Zack - Roles and responsibilities
Bill MP＆Founder
Jack ma CEO＆Co-founder
June COO＆Co-founder
Dabai UI
Zack Contract - Relevant experience
Bill has extensive experience in financial derivatives design, having worked on the development of key products for major exchanges like Bybitand OKEX. He holds a Ph.D. in Financial Engineering from Fudan University.
Jack Ma has extensive experience in the blockchain industry and a background in drafting government reports. He has also supervised the publication of an official blockchain book series.
June has extensive experience in foreign trade and trading and is a seasoned trader among the first in the country to introduce stock index trading. - Github repos
https://github.com/garlicwilliam/fufuture.git - Team member social media handles
Bill（Full time）http://linkedin.com/in/
Dabai（Full time）https://www.linkedin.com/in/tend-li-3b162727a
Zack（Full time） https://www.linkedin.com/in/zackhuang13911070616/
Jack ma（Full time） https://linkedin.com/in/uu-uu-646331310
June （Full time） https://linkedin.com/in/yin-guo-40b641310
Terms of Use
Confirm that you agree to the terms of use for applying to a Conflux Ecosystem Grant by including the entirety of the following statement and conditions: I agree to all of the following terms of use in applying to a Conflux Ecosystem Grant
I agree to all of the following terms of use in applying to a Conflux Ecosystem Grant
- I have read and understood the Conflux Grants Ecosystem Overview
- I have read about and understood that the Conflux Technical Grants are subject to a No-Sale rule
- I agree to provide KYC information to the Conflux Foundation for the sake of overall ecosystem security
- I understand that I will be required to follow public grant reporting requirements