Stellar Market Fit, Current Traction Go to market Strategy, MVP Roadmap, Budget and Deliverables

Traction Evidence Stellar Market Fit and Current tractionValidated comes from multiple sources, including past awarded submissions, successful Kickstart Camp completion, in person Consensus Hackathon's, online blog posts and more recently our steadily growing online presence in via social media and discord. We also maintain a longstanding relationship with SDF in which we maintain close communication ensuring project scope and deliverables provide maximal ecosystem benefit and leverage the Stellar network and infrastructure to it's maximum capabilities. SCF 20 Activation Award (awarded) - $20k During the Kickstart Bootcamp, the Transfuse team collaborated closely with the Bigger team to define the MVP/POC achievable within a one-month timeline leading up to the SCF Build awards. We set a realistic goal to implement Soroban smart contracts into our existing infrastructure, laying a valuable foundation for our SCF Build submission. Amid our rebranding efforts, we are leveraging our existing traction and user base. By launching new social media channels and generating interest through the Kickstart camp, we aim to sustain our growth and establish a waitlist for testing ahead of the SCF Build awards. Our previous growth stems from past SCF Activation awards, participation in Consensus events, blog posts, and active involvement in the Stellar community.

Requested Budget

$110.0K

Deliverable Roadmap

Tranche 1 - MVP

Goal

Develop and test the core functionality of Transfuse as a cross-chain bridge using Soroban smart contracts and a functional frontend.

Deliverable

• Implement Soroban Smart Contracts:

  • Define asset custody and routing logic.

  • Enable atomic swaps between Stellar and Ethereum.

• Refactor Swap Functionality:

  • Update the frontend to include swap functionality powered by Soroban.

• Complete Rebranding and Open-Source Release:

  • Finalize branding transition from Ionize to Transfuse.

  • Publish the open-source codebase and technical documentation.

How to Measure Completion:

• Soroban smart contracts deployed on Stellar Futurenet.

• Frontend capable of initiating swaps and displaying transaction history.

• Open-source repository live on GitHub.

Estimated Date of Completion

• January , 2025

Budget

• $50,000

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Tranche 2 - Testnet

Goal

Deploy a multi-validator system, expand functionality, and launch on Stellar testnet.

Deliverable

• Deploy Multi-Validator System:

  • Establish a decentralized validator network for secure bridging.

• Implement Advanced Order Management:

  • Enable order creation and liquidity pooling using Soroban.

• Collect Feedback:

  • Conduct beta testing with a group of 500+ users.

How to Measure Completion

• Validators deployed and operational on the Stellar testnet.

• Testnet swaps performed and documented.

• Beta testing feedback incorporated into product updates.

Estimated Date of Completion

• February , 2025

• Budget:

  • No XLM award for this tranche (access to Stellar LaunchKit for audit and infrastructure credits).

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Tranche 3 - Mainnet

Goal

Launch a production-ready version of Transfuse on the Stellar and Ethereum mainnets.

Deliverable

• Mainnet Deployment:

  • Launch fully audited Soroban smart contracts on Stellar mainnet.

  • Deploy Ethereum contracts for asset custody and transaction management.

How to Measure Completion:

• Mainnet bridge live with public access.

• Swap volumes reach $100K+ in the first month post-launch.

Estimated Date of Completion:

• March, 2025

Budget

• $60,000