Dazhbog: A Decentralized Perpetual Futures Exchange

Dear Polkadot Community,

Ceres Blockchain Solutions is thrilled to propose Dazhbog, a plug-and-play solution for a decentralized perpetual futures exchange within the Polkadot ecosystem. This platform allows other builders and parachains to seamlessly integrate it into their ecosystems, enabling users to trade perpetual futures contracts in a decentralized manner while leveraging the security, scalability, and interoperability of the Polkadot network. By integrating with their parachains, builders can offer a smooth and efficient trading experience without relying on centralized intermediaries.

The core concept and technical feasibility of Dazhbog have been rigorously validated. Our project secured first place in the DeFi category at the Polkadot Prodigy hackathon, underscoring the extensive research conducted and the project's significant potential.

We began by validating the idea at the Polkadot Prodigy hackathon and planned to apply for a Level 2 grant for the Proof-of-Concept of Dazhbog. During Polkadot Decoded, we had discussions with members of the Web3 Foundation and other influential figures in the Polkadot ecosystem. While they expressed interest for the idea, they advised us to skip the PoC grant and pursue full product implementation instead.

The full proposal is available here - https://docs.google.com/document/d/1Asz_sQFl8-8WdACZoHPS5XTsDb8T8F_Ry7L2ubcJGNY

Forum post (please note that following extensive discussions with the W3F, we have decided to move away from pursuing W3F Level 2 and DF grants for PoC and go straight to full product development) - https://forum.polkadot.network/t/decentralized-futures-dazhbog-a-decentralized-perpetual-futures-exchange-on-polkadot/8777

Best regards,

The Ceres Team

Discover more about us:

Website - https://ceresblockchain.solutions

Linkedin - https://www.linkedin.com/company/ceres-blockchain-solutions-llc

Twitter - https://twitter.com/ceresblockchain

Email - [email protected]