{"data":{"space":"hydradx","networksConfig":{"symbol":"HDX","decimals":12,"networks":[{"network":"hydradx","ss58Format":63,"assets":[{"symbol":"HDX","decimals":12,"votingThreshold":"10000000000"}]}],"strategies":["balance-of","quadratic-balance-of"],"version":"4"},"title":"Build a Decentralized Perpetual Futures Exchange","content":"![](https://i.ibb.co/chLG0nR/Dazhbog-logo-250x92.png)\n\n\n**Intro**\n\nWe're pleased to introduce Dazhbog, a decentralized perpetual futures exchange planned for implementation on the Hydration parachain. Dazhbog allows users to trade perpetual futures contracts securely, transparently, and efficiently.\n\n\n**Proposal**\nWe are submitting this proposal to seek the approval of the community to proceed with building a decentralized perpetual futures exchange on Hydration. If approved, we will seek funding from Polkadot OpenGov, which will be mutually beneficial for both CBS and the Hydration parachain.\nLink to the Discussion post - https://hydration.subsquare.io/posts/202 \n\n\n**Dazhbog: A Decentralized Perpetual Futures Exchange**\nThe platform allows users to trade perpetual futures contracts in a decentralized manner, leveraging the security, scalability, and interoperability of the Polkadot network. By integrating into the Hydration parachain, Dazhbog aims to provide a seamless and efficient trading experience without relying on centralized intermediaries.\nDazhbog's core concept and technical feasibility were rigorously validated. Our project secured first place in the DeFi category at the Polkadot Prodigy hackathon (https://www.polkadotprodigy.com), a prestigious competition within the Polkadot ecosystem. Here is the link https://x.com/PolkadotProdigy/status/1800506214658494794 of the Twitter post where the winner was announced. This achievement demonstrates the extensive research conducted and the project's potential. The recognition highlights the traction Dazhbog has gained within the Polkadot community, further motivating our team to pursue its development.\n\nThe full proposal with a Time & Budget Breakdown is available here - https://docs.google.com/document/d/13F4tM_uS4XqDc1Ek8NHHb52ZfB-S-Vswcqme_Iux3fQ\n\nAlso, at Polkadot Decoded, we talked with Jakub Gregus (Hydra CEO) and Jakub Panik (Hydra CTO), they liked the idea, but we're also interested in the opinion of the Hydration community.\n\nBelow, I am providing the Pitch Deck, Whitepaper, W3F grant discussion and application where you can read more about the project.\n\nPitch Deck - https://drive.google.com/file/d/1GcV3rve6ChxUiNDFok5VImYQzNo-LgWT\nWhitepaper - https://drive.google.com/file/d/14xV1bsHz5rH5NibBrFE6MMjqCUGLLO_9\nW3F Level 2 Grant Application (we applied for the Proof of Concept) - https://github.com/Ceres-Blockchain-Solutions/W3F-Grants-program/blob/7083ed96603635f78159ba6e1aaf77dc86f1a752/applications/Dazhbog.md\nW3F Level 2 Grant Discussion - https://github.com/w3f/Grants-Program/pull/2338\n","contentType":"markdown","choiceType":"single","choices":["Approve","Do not approve"],"startDate":1721899800000,"endDate":1722159000000,"snapshotHeights":{"hydradx":5624254},"realProposer":null,"proposerNetwork":"hydradx","version":"5","timestamp":1721899270},"address":"7N3jYGmTGRK9HXNTVYZvyusk4AK4CC4MK1hvjvmwgzFKf5yG","signature":"0xb82426de8b6054698819a7e033dce628b188cb1333099540aed218e587c7545ded8bac30a2d089ea642ff8536a0b35a61e922c154465dc1af25119495c1e0a83","version":"2"}