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Grant Application: PolkaArbitrage #2552

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Grant Application: PolkaArbitrage #2552

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ClaraHayesDev
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@ClaraHayesDev ClaraHayesDev commented May 10, 2025 •
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Project Abstract

Please replace these instructions with a brief description of your project summarising key points (1-2 paragraphs).

If your application is a follow-up to a previous grant, please mention which one in the first line of the abstract and include a link to previous pull requests if applicable.

Grant level

  • Level 1: Up to $10,000, 2 approvals
  • Level 2: Up to $30,000, 3 approvals
  • Level 3: Unlimited, 5 approvals (for >$100k: Web3 Foundation Council approval)

Application Checklist

  • The application template has been copied and aptly renamed (project_name.md).
  • I have read the application guidelines.
  • Payment details have been provided (Polkadot AssetHub (USDC & DOT) address in the application and bank details via email, if applicable).
  • I understand that an agreed upon percentage of each milestone will be paid in vested DOT, to the Polkadot address listed in the application.
  • I am aware that, in order to receive a grant, I (and the entity I represent) have to successfully complete a KYC/KYB check.
  • The software delivered for this grant will be released under an open-source license specified in the application.
  • The initial PR contains only one commit (squash and force-push if needed).
  • The grant will only be announced once the first milestone has been accepted (see the announcement guidelines).
  • I prefer the discussion of this application to take place in a private Element/Matrix channel. My username is: @_______:matrix.org (change the homeserver if you use a different one)

@github-actions github-actions bot added the admin-review This application requires a review from an admin. label May 10, 2025
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github-actions bot commented May 10, 2025 •
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CLA Assistant Lite bot All contributors have signed the CLA ✍️ ✅

@ClaraHayesDev
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I have read and hereby sign the Contributor License Agreement.

keeganquigley
keeganquigley requested changes May 13, 2025
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Hi team, thanks for the application. Some of the default deliverables are missing from the delivery tables. Could you add them according to the template? At least some basic documentation and unit testing would be required. Thanks!

@keeganquigley keeganquigley added the changes requested The team needs to clarify a few things first. label May 13, 2025
semuelle
semuelle reviewed May 15, 2025
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Thanks for the application, @ClaraHayesDev. Please see my questions below.
Also, could you fill out the KYC form (assuming you are applying as an individual, otherwise please use this form)?

applications/PolkaArbitrage.md

### Team's experience

I have been a web3 developer for 5 years and have developed unique expertise in Rust. Did my own contribution to Polkadot-Sdk.
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Do you have proof of any of this? Your Github activity is private.

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Sorry, it's not convenient to show the account I'm mostly using, this is my other Github account.

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I started learning Rust in college and later worked in Runtime development, so I am familiar with Xcm messages.

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We do not give grants to people or teams that cannot show any experience in open source software development, maintenance or working in the Polkadot ecosystem. If you prefer to share it in private, you can send an email to grants at web3.foundation. Otherwise I will close this PR.

applications/PolkaArbitrage.md
PolkaArbitrage is tightly integrated with the Polkadot ecosystem, utilizing the Polkadot.js API to monitor real-time prices across Substrate-based parachains (Hydration, Moonbeam, Acala) and execute arbitrage transactions via XCM V5, enhancing cross-chain DeFi efficiency. Deployed initially on Kusama testnets, it strengthens parachain interoperability and user engagement, driving Total Value Locked (TVL) growth. The tool’s 0.1% fee mechanism allocates 20% of revenue to the Polkadot Treasury to support ecosystem development, with 80% retained by the team for ongoing maintenance, aligning with Polkadot’s decentralized governance and sustainability goals.

**Why We Are Interested**:
We are driven to enhance Polkadot’s DeFi ecosystem, inspired by Hydration and Moonbeam’s growth and XCM V5’s potential. With experience in DeFi, we aim to empower users with real-time arbitrage and liquidation monitoring, sustaining PolkaArbitrage via a 0.1% fee.
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Who is "we"?

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You can think of "we" as PolkaArbitrage.

@github-actions github-actions bot added the stale label May 30, 2025
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@ClaraHayesDev @semuelle @keeganquigley