MVP Booster Grant Recipients: Rakoon.fun, DefiPlaza, Oasis | The Radix Blog

Scrypto combined with the Radix Engine provides developers the essential resources to efficiently launch impressive dApps. This capability is a key factor driving the swift growth of the Radix ecosystem. To enhance this support, the Radix Ecosystem fund is dedicating 250 million XRD to assist builders at various stages of development.

In this article, we highlight three noteworthy projects: Rakoon.fun, DefiPlaza, and OASIS. These initiatives are focused on offering essential tools for token launches, sustainable DeFi practices, cross-chain connectivity, and access to real-world assets.

‍Rakoon.Fun

Rakoon.fun seeks to establish itself as the primary launchpad for founders within the Radix community. It delivers a comprehensive set of tools designed to facilitate seamless token launches, featuring adaptable bonding curve targets, a complimentary token locking service, and substantial graduation incentives.

For teams or individuals embarking on the launch of a protocol, NFT project, or utility token, Rakoon provides the necessary infrastructure to evolve from idea to a reputable entity. Tokens achieve graduation status by hitting market caps of 250K, 500K, 750K, or 1M XRD, after which their liquidity is safely transitioned and secured on Ociswap, establishing a robust base for future expansion.

Projects aiming at higher bonding curve levels also receive expert guidance in development and design, ensuring they possess the level of refinement and security typically expected of larger initiatives.

For advocates determined to launch meaningful, value-oriented projects on Radix, Rakoon.fun provides the assistance and resources needed to realize those ambitions.

Key features include:

• Immediate token creation with liquidity backed by bonding curves
• Integrated token metadata and supply setup
• Simplified reward collection for token creators
• Complete integration with the Radix Dashboard
• Decentralized, community-oriented token management tools

“A big thank you to the RDX Grants Program for backing rakoon.fun! The grant provided us with the focus and direction necessary to craft a solid roadmap, and the collaboration has been outstanding. We appreciate the insights, the willingness to listen, and the faith in our project. Let’s keep advancing the Radix ecosystem!” – Rakoon.Fun Team

Stay updated with Rakoon.fun on X and visit their website.

‍DefiPlaza

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DefiPlaza is focused on developing more intelligent and sustainable DeFi solutions on Radix. By addressing the challenge of impermanent loss, DefiPlaza enables liquidity providers to achieve more stable and rewarding returns.

Its central innovation is the CALM algorithm (Concentration-Asymmetric Liquidity Model). This model lessens the effects of impermanent loss by differentiating between types of trades; it penalizes those detrimental to liquidity providers while favoring those advantageous for them. This results in enhanced profit potential and improved safeguards for liquidity providers.

Furthermore, DefiPlaza has developed StablePlaza, an automated market maker (AMM) tailored for stablecoin transactions on Ethereum. This employs a mechanism called anchored liquidity to minimize slippage, making interactions between stable tokens far more efficient.

The team is enhancing CALM to work more effectively with stablecoins on Radix, believing that the upcoming “Stable CALM” will dramatically outperform the existing anchored liquidity model, offering even greater efficiency and returns on stable asset exchanges.

Key Features

• CALM: An innovative AMM logic. This reduces impermanent loss and boosts returns for liquidity providers.
• Single-sided liquidity. Provides the option to contribute only one token rather than both required in a pair.
• Fungible LP tokens. Liquidity positions are expressed as standard tokens, facilitating usage.
• Integrated price oracle and volatility management. Assists in smooth price discovery and protects liquidity providers during market fluctuations.

“The Booster Grant offered us the bandwidth to concentrate fully on Radix and supported crucial audits needed for progress. With the Radix Foundation’s backing, we launched DefiPlaza’s CALM algorithm as the inaugural DEX on the Babylon network.” – DefiPlaza Team

Stay connected with DefiPlaza on X and explore their website.

‍OASIS 

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Quantum Street, an emerging RWA merchant bank, is introducing a Decentralised Treasury Layer that combines trading strategies and collateralization to achieve high returns and stability. Their MVP includes a Radix–Solana bridge, with intentions to integrate wrapped Bitcoin via Zeus Network and facilitate RWA trading in diverse sectors.

OASIS serves as a Layer 0 platform that links all blockchains and Web2 through a unified abstraction layer. It features an Avatar API for cross-chain single sign-on and seven additional APIs enabling self-sovereign web capabilities. Developers can create robust cross-chain applications, often with no coding required, utilizing STAR, an automatic dApp builder. This ecosystem fuels “Our World,” a game reminiscent of Pokémon Go where users can gather geo-located NFTs in the real world.

The team successfully executed their first live token bridge connecting Radix and Solana, allowing token exchanges between SOL and XRD. They are currently working to enhance this functionality by incorporating Solana’s Phantom wallet, facilitating NFT transfers, and broadening backend operations to encompass Radix support on their forthcoming exchange platform.

“Our team has been long-time admirers of Radix, drawn by its technical capabilities as well as the dedication and vision of its creators and the resilience of its community. We intend to integrate the Radix – Solana bridge into OASIS, linking Radix to our entire technology stack and granting developers access to the most scalable L1 using our .NET-based, no-code tools.” – Oasis Team

Keep up with OASIS on X and check out their website.

What’s Next?

These initiatives exemplify the diversity and breadth of innovation taking place. Such projects are crucial for enhancing accessibility and functionality within Radix for developers and users alike. The Radix Foundation’s ongoing investment ensures that continuous innovation remains central to this expanding network.

With more grants and initiatives on the horizon, Radix is just at the beginning of its journey; stay tuned for future developments.

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