Plus

Tech Stack

Frontend

  • NextJs

  • wagmi/viem

  • Rainbowkit

  • tailwind

Timeline

Make all transactions from Front-end

2 months

Develop smart contracts and build a frontend.

3 months

Risks in the Development of 0fx Swap and Prevention Measures

1. Security Vulnerabilities

Risk: The platform might be susceptible to security breaches, hacking, and unauthorized access.

Prevention Measures:

  • Educate users on safe practices, like secure wallet management.

2. Technical Failures or Downtime

Risk: Technical issues or system downtime can lead to transaction failures, impacting user trust and platform reliability.

Prevention Measures:

  • Ensure robust and scalable infrastructure.

  • Have backup systems and failover mechanisms in place.

  • Regularly conduct system maintenance and updates.

3. Liquidity Risks

Risk: Insufficient liquidity in pools can lead to high slippage, impacting the user experience and platform efficacy.

Prevention Measures:

  • Develop incentives to attract and retain liquidity providers.

4. User Adoption and Market Penetration

Risk: Difficulty in attracting and retaining users, especially in a competitive market.

Prevention Measures:

  • Focus on user-friendly design.

5. Integration with Other Protocols

Risk: Integration issues with lending protocols or other blockchain services may arise, affecting functionality.

Prevention Measures:

  • Conduct comprehensive testing on all integrations.

  • Ensure flexibility in the platform to adapt to changes in integrated services.

The following is needed to be done by the 0fx team:

  1. Setup single token liquidity pool for Synthetic tokens (eg. Token A or Token B)

  2. Set up synthetic token liquidity pools for both token pairs.

  3. UX designs for the 0fx swap app.

Deliverables

  1. Frontend app integrated with lending protocols and pools with flow for buyer and liquidity providers.

Miro Board

https://miro.com/app/board/uXjVN8B_hDE=/?share_link_id=493307240457

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