What is the problem?
ShapeShift is limited in its bridging capabilities and may not offer the most optimized rates, security, or reliability to its users. Additionally, there's an increasing demand for a seamless cross-chain bridging experience with enhanced features.
Why are we solving it?
To provide ShapeShift users with a robust, secure, and optimized cross-chain bridging solution by leveraging Squid Bridge’s comprehensive capabilities and tools.
How does it help Shapeshift users or DAO?
- Revenues: Integrating Squid Bridge can tap into its vast DeFi partnerships, potentially increasing transaction volumes and fees, thereby generating additional revenues for the DAO.
- Ecosystem Expansion: The integration provides ShapeShift users with broader access to the Cosmos Ecosystem.
- Enhanced Functionality: By leveraging Squid, users can benefit from a seamless bridge between the Cosmos and EVM chains, broadening the range of assets and tools they can access.
How are we solving it?
- Review and understand Squid’s detailed documentation and self-serve guides.
- Initiate discussions with the Squid team to understand best practices for integration.
- Develop a phased approach to integrate Squid’s features like GMP Express, Deposit Addresses, and Meta DEX Aggregation.
- Test the integration thoroughly, especially the unique features offered by Squid.
- Prepare for the integration of upcoming features and tools, keeping an eye on Squid’s roadmap.
What are the requirements (engineering, marketing, grants etc.)?
Engineering:
- Technical integration of Squid’s APIs and SDKs.
- Ensuring the backend infrastructure supports Squid’s features efficiently.
Marketing:
- Collaborate with Squid on co-marketing campaigns.