[GF: Phase 1 Proposal] Edge Wallet - (Integration of Optimism + Velodrome LP Staking / Swaps + Tarot LP Staking)

Project name: Edge Wallet - (Integration of Optimism + Velodrome LP Staking / Swaps + Tarot LP Staking)

Author name and contact info (please provide a reliable point of contact for the project):
RJ Raljoseph Ricasata rj@edge.app

I understand that I will be required to provide additional KYC information to the Optimism Foundation to receive this grant: Yes

I understand that I will be expected to following the public grant reporting requirements outlined here: Yes

L2 recipient address: 0xf473edfaaef8cb2e5cdd246b7d5b285e4f56f721

Which Voting Cycle are you applying for?: Season 3 Cycle 10

Which sub-committee should review your proposal? Builders

Is this proposal applicable to a specific committee? (If so, please link to committee): Yes, Builders - https://foul-porch-0eb.notion.site/Builders-Sub-Committee-02ba9da5b4534fbf955e6e4c8fcf1aa3

Project description (please explain how your project works):

Our project is an integration of Optimism, Velodrome and Tarot in Edge, a self custody platform, where key management and DeFi are simplified. Our platform can provide a frictionless UI/UX for users to utilize Optimism, Velodrome, and LP staking on Tarot, in a secure, and simplified platform. We can replace the many steps and difficulties that are in most DeFi apps/websites, and provide access to the Optimism ecosystem in a familiar way, and comparable to what users are used to with TradFi and CeFi, but in a private and secure way.

To accomplish this, Edge can perform all the necessary steps on the backend for functionalities such as LP staking, instead of the user. No waiting times for users, or switching products, just a simple demand, and Edge takes care of the rest.

Project links:

Additional team member info (please link):

CEO - Paul Puey

  • Paul is a UC Berkeley Electrical Engineering and Computer Science graduate with technical expertise in 3D graphics systems engineering and custom web CMS development. He was a lead engineer at Nvidia and focuses on designing projects for maintainability and scalability. In addition to his technical background, Paul has experience combining technology and business by connecting the complexity of Bitcoin with the needs of the general public. He is also a strong advocate of Bitcoin and leads educational meetups and presentations.

Chief Architect - William Swanson

Head of QA - RJ Raljoseph Ricasata

Please link to any previous projects the team has meaningfully contributed to:

Accomplishments: Projects completed

  1. ZEC integration - Edge Adds Support for Zcash (ZEC)
  2. Monero/XRP integration - Brave New Coin
  3. TOMB Swap/Staking integration on FTM - Edge Adds Support For Tomb Staking - Edge
  4. AAVE Loan integration - Edge Adds Support for DeFi Crypto Loans via Aave
  5. FIO Name and Staking integration - Edge Adds Support for FIO Staking
  6. Thorchain DEX Swap - Edge Adds Support For THORChain Swaps - Edge
  7. Thorchain Vault Savers - Edge Rolls out THORchain Savers and Dex Aggregator - Edge

Edge is dedicated and confident in being able to complete and deliver.

Relevant usage metrics (TVL, transactions, volume, unique addresses, etc. Optimism metrics preferred; please link to public sources such as Dune Analytics, etc.):

  1. One Million+ Users in Edge app, 3+ million accounts on SDK
  2. 60k-160k MAU (Monthly active users) in Edge app

Competitors, peers, or similar projects (please link):

  1. Exodus Wallet - ​​https://www.exodus.com
  2. Coinomi Wallet - https://www.coinomi.com
  3. Breadwallet - https://brd.com/
  4. Crypto.com Wallet - https://crypto.com

Is/will this project be open sourced? Yes, already open sourced since 2014

Optimism native?: Yes

Date of deployment/expected deployment on Optimism: Q4 2022 / Q1 2023

Ecosystem Value Proposition:

  • What is the problem statement this proposal hopes to solve for the Optimism ecosystem?

    • Cryptocurrency is difficult for many people to navigate, and it can hinder the potential success of projects and blockchains, especially in self-custody solutions. The UX is generally full of friction points requiring multiple applications and steps, to complete many functionalities. Switching applications, multiple waiting times in between transactions, and general unfamiliarity creates too many negative points in a single process, prompting users to give up, or switch to a risky custodial platform where comfortability masks the dangers of institutional dependency.
  • How does your proposal offer a value proposition solving the above problem?

    • All the friction points in the process of self sovereign opportunities are necessary, but can be hidden in a hard working, private, and secure application. In Edge, users will be able to directly purchase Optimism with one of our integrated exchange partners, Utilize Velodrom to swap with any of Velodrome’s supported assets, and stake LP tokens on Tarot. All of these massively productive actions for Optimism’s ecosystem will be done in a sleek UI, and minimal step process that feels familiar to users, because Edge is taking care of all the steps and processes behind the scenes. Users will actually be able to easily skip the multiple apps and waiting times, and finish their transaction, while Edge completes all the steps for them. Our solution provides users with the frictionless curtain that people are used to with centralized solutions, while maintaining their privacy and custody on a secure and simplified platform.
  • Why will this solution be a source of growth for the Optimism ecosystem?

    • Edge would also provide growth of users that are not already technical or that would normally dive into DeFi due to the complexity with the current wallets and platforms out there.
    • Edge with buy/sell/swap functionality would also increase the potential volume of Optimism and also allow for more liquidity with the ability for users to easily stake assets either on Velodrome or Tarot.
    • Users would also gain access to all the tokens available on Optimism that is support for swaps or staking on Velodrome and Tarot

Has your project previously applied for an OP grant? If successful, please link to your previous grant proposal and provide a brief update on milestones achieved with the grant. If unsuccessful, and this is a resubmission, please specify how you have incorporated significant changes in accordance with feedback.

No, Edge has never applied for an OP grant.

Number of OP tokens requested: 50,000

Did the project apply for or receive OP tokens through the Foundation Partner Fund?: No

If OP tokens were requested from the Foundation Partner Fund, what was the amount?: N/A

How much will your project match in co-incentives? (not required but recommended, when applicable):

Edge does not have a token so we cannot immediately match. However, we will provide ongoing maintenance and support. Edge is the only self-custody, open source, privacy-focused wallet that has had phone support where you can talk with a human being since 2014. We will continue to provide this high level of support once Optimism is supported along with Velodrome Swap/Staking and Tarot Staking. Any new changes or upgrades done on those will be supported by Edge to make sure new features and updates are implemented to give the best user experience.

Proposal for token distribution:

  • How will the OP tokens be distributed? (please include % allocated to different initiatives such as user rewards/marketing/liquidity mining. Please also include a justification as to why each of these initiatives align with the problem statement this proposal is solving.)

As outlined in the eligibility criteria for the Builders grant, Edge is committed in holding OP for a period of 1 year. After a period of 1 year or after unlocked, Edge hopes to cover costs associated in the areas below in completing this project:

  • Engineering - 65%
  • QA/Support - 25%
  • Marketing - 10%

Note, if after 1 year held and OP is higher than it is today, Edge plans to utilize the excess amounts after covering costs to continue to build on Optimism. We would be happy to report back here and would likely allocate resources for additional marketing or new features or dApps on Optimism to integrate.

  • Over what period of time will the tokens be distributed for each initiative? Shorter timelines are preferable to longer timelines. Shorter timelines (on the order of weeks) allow teams to quickly demonstrate achievement of milestones, better facilitating additional grants via subsequent proposals.

    • Milestone 1: Week 3-4: Mainnet Optimism along with tokens supported. Able to send/receive and store OP and tokens on Edge + swap into using CeFi swap exchange partners
    • Milestone 2: Week 4-6: Velodrome Swap functionality
    • Milestone 3: Week 6-9: Velodrome and Tarot LP Staking functionality
  • Benchmark Milestones Updated

    • Benchmark Milestone 1 - A downloadable APK version of Edge with the functionality of Optimism and tokens supported with the ability to store, send, receive, and swap with existing swap partners but may have bugs - March 15, 2023
    • Benchmark Milestone 2 - A downloadable APK version of Edge with the functionality of Velodrome swaps but may have bugs - April 15, 2023
    • Benchmark Milestone 3 - A downloadable APK version of Edge with the functionality of LP Staking on Optimism in Edge but may have bugs - May 15, 2023
  • New Milestones Format Updated - Critical Milestones

    • Critical Milestone 1 - Edge will deploy main net Optimism with tokens supported with full functionality where users will be able to store, send, receive, and swap with existing swap partners on Edge on or before March 31st, 2023 or end of Q1. This functionality will be live on the Playstore and AppStore.
    • Critical Milestone 2 - Edge will deploy Velodrome built inside Edge with full functionality of Velodrome Swap functionality where users can swap Optimism and tokens into other assets on Optimism on or before June 30th, 2023 or end of Q2. This functionality will be live on the Playstore and AppStore.
    • Critical Milestone 3 - Edge will deploy LP Staking functionality for both Velodrome and Tarot where users will be able to stake a pair of assets and earn from them on or before June 30th, 2023 or end of Q2. This functionality will be live on the Playstore and AppStore.
  • Please list the milestones/KPIs you expect to achieve for each initiative, considering how each relates to incentivizing sustainable usage and liquidity on Optimism. Please keep in mind that progress towards these milestones/KPIs should be trackable.

    • We currently do not have the ability to track volume on DEXs in Edge. We could incorporate that into Milestone 2 with enough funding.
  • Why will incentivized users and liquidity on Optimism remain after incentives dry up?

    • Users and liquidity will continue to remain even after incentives dry up as users will have a use case to continue to use the swap functionality to exchange into other assets and also to continue to earn by providing liquidity through staking.

Confirm you have read and agree to the Eligibility Restrictions (here): Yes, I confirm that I have read the Eligibility Restrictions and agree to abide by their conditions.


Thanks for the proposal! Wanted to flag that Token House delegates are currently in a Reflection Period, which will be followed by 2 Special Voting Cycles.

This means that the next opportunity for grant proposals to be reviewed will be at the start of Season 3, which is set to begin on January 19th.

We appreciate your patience as we’re taking this time to work through some changes that we hope will improve the proposer experience in Season 3.


@lavande thank you for your response. We will patiently wait and look forward to the review! Please let me know if there is anything else we need to take care of or if you have any suggestions.

Thank you!

Hello @lavande @Gonna.eth @kaereste @jackanorak . I wish to thank you all and the rest of the team for providing us with updates and reminders about the changes needed and as well as for moving our application to Season 3, Cycle 10.

I want to let you know that I’ve reviewed and have made changes to our application here. I believe this is ready to go but please feel free to let me know if you have any questions or if I may have missed a requirement.

Our team is excited to build on Optimism and we look forward to any feedback or questions that we can answer!

Thank you.

1 Like

Hi @edgeop thank you for applying to the Builders Grant.

Do you think this proposal is to:

  1. maximize the number of developers building on Optimism?
  2. maximize the number of users interacting with applications on Optimism?

Looking forward to chatting with you!

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Hi @Gonna.eth,

Thank you for your questions and happy to answer.

This proposal would primarily maximize the number of users interacting with applications on Optimism by:

  1. Exposure to 3 million + accounts already on Edge with MAU ranging from 60k-160k on a wallet that is open-source, non-custodial, has never been hacked since inception in 2014, and one of the few wallets that also provides human phone support.
  2. Maximize non-technical user adoption - As you may already know, navigating in DeFi using Metamask or other wallets may be extremely challenging for the average user to be able to connect to the right chain and/or even enter the correct RPC or chain ID information. Edge makes it easy such that users would be able to interact with dApps to do swaps or staking for example with a few taps such that even someone non technical would be able to participate when they normally would not have been able to or would have given up.

This proposal would also increase the number of developers building on Optimism as Edge is open source. Developers outside may wish to build on top of Edge building on Optimism. Edge also has white labels that if these features are implemented would also be supported with those white labels and their engineering teams may also continue to build on top of Optimism.

Let me know if you have any questions!

Thank you.

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Perfect thank you for your answer!

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No problem, you’re welcome @Gonna.eth. Keep us posted if you have any other questions or updates. Thank you!

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Hi @edgeop thanks for all the extra info you gave us so far. As we’re getting closer to the final review, I wanted to bring your awareness of a new Milestone Assessment the Grant council proposed.

It is not mandatory for cycle 10 to stick to this format, but it shows what are we looking for when assessing Milestones, so you might want to adjust your Milestones to maybe get a better score on the final review.

If you’d like to discuss anything related to that, don’t hesitate to ask here or contact me directly (I’m a Builders sub-committee reviewer).

Again thank you for the effort you guys are putting into this proposal!

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Hi @kaereste thank you for the information.

I’ve updated our post to include a the new milestone assessment that has critical milestones. Let me know if you have any questions!

Thank you.


Hi @Gonna.eth,

I want to confirm that I received your email and sent out a response as well as to optimismgrantsops@gmail.com in regards to a spreadsheet for the milestones.

Thanks again for the email reminder and let us know if you have any questions.


Hi @edgeop! Can you provide a Telegram handle or other contact method so the Optimism team can get in touch about paying out this grant! Feel free to DM or email lavande@optimism.io


@lavande just sent a DM and email. Thank you.

1 Like

@Gonna.eth @lavande @kaereste

Benchmark Milestone Update:

Date Milestone Type Milestone Source of Truth
3/11/23 Benchmark Optimism and Token functionality on Edge - Able to store, send, receive, and swap with existing exchange partners - Downloadable APK that is working in testing Develop builds Downloadable APK here

I also sent out an email to grants@optimism.io with a link to this comment as per instructions when making milestone updates.

Let me know if I missed anything and thank you!


@Gonna.eth @lavande @kaereste

Critical Milestone Update:

Date Milestone Type Milestone Source of Truth
3/15/23 Critical Optimism and Token functionality on Edge - Able to store, send, receive, and swap with existing exchange partners - Made Live and available to public on Playstore and AppStore Live release on the Playstore or AppStore where Edge app has this functionality available to the public.

I have also sent an email with this update to grants@optimism.io.



@lavande @Gonna.eth @kaereste

I sent an email response to optimismgrantsops@gmail.com on March 8, 2023 in regards to the next steps. Also referencing this comment here: [GF: Phase 1 Proposal] Edge Wallet - (Integration of Optimism + Velodrome LP Staking / Swaps + Tarot LP Staking) - #12 by lavande.

We still haven’t heard anything via Telegram or Email in regards to providing KYC or what the next steps would be. But that we should reach out if more than a week has passed.

I understand you guys may be super busy but just thought I’d reach out as instructed. Any insight would be much appreciated!

Thank you.


@edgeop Apologies for the delayed response. Had a telegram bug and I thought I had messaged you already. Please see your telegram now as you should have a message from me.

Thanks for your patience.


@PalashOP Thank you, confirmed received! I’ll update our team and follow the next steps.

1 Like