Multipool Grant - SilkSwap Invariant Utilization (CLAIMED)

[CarterLWoetzel]

Project Description

Convert the SilkSwap invariant to be compatible with a 3-pool & 4-pool set up on ShadeSwap. Additionally, include [REDACTED] innovation on existing stableswap to improve capital efficiency for large trades. The creation of a multipool will help build stability for Silk as well as additional utility. This multipool can become the focal point of Secret Network & Cosmos liquidity, while also maintaining key privacy properties that empower private trades and DeFi interactions.

Importantly, the conversion of the SilkSwap invariant to a multipool set-up must ensure that reasonable gas fees are maintained during the computation.

Result

A multi-pool stable set up combined with the SilkSwap invariant that will encourage Silk adoption and protect Silk during periods of volatility.

Research Value Capture

Stableswap
Silk liquidity
Silk utility
More efficient stableswap implementation
ShadeSwap adoption

Team members

Canaro86

Team's experience

PHD in Mathematics
Successfully created the SilkSwap invariant outlined here

Development Roadmap

The creation of the multipool invariant using the previously research StableSwap invariant is broken up into three milestones

Milestones:
Preliminary Research (weeks 0 - 5)
Model Presentation / Simulation / Documentation (weeks 5 - 10)
Psuedo Code Implementation (weeks 10 - 13)

Completion of milestone one will result in 500 SHD. The completion of milestone two will result in 1.5k SHD. The completion of milestone three will result in 500 SHD + $5,000 USDC. Total: 2,500 SHD + $5,000
At current market prices (~$10) this amounts to approximately $30,000.

[cantaro86]

Very happy to keep working on this project and to extend the Silkswap invariant to a multi-pool AMM. Thank you so much for this opportunity!