Wager – AMM for Binary Options on Etherlink

Homebase DAOs Tezos Ecosystem DAO
1

1. Name

Huy Do

2. Email or contact method

3. Geographic location

Vietnam

4. Are you applying on behalf of a company, or as an individual

Individual

5. If company, provide company name and website

6. Name of project or idea

Wager – Automated Market Maker for Binary Options on Etherlink

7. Detailed description of your project or idea and why you believe it deserves funding

Wager is building the first Automated Market Maker (AMM) for binary options on Etherlink. Taking inspiration from Juster, it enables transparent, on-chain prediction markets where users can create events, place bets, or provide liquidity to “be the house” and earn yield.

Etherlink currently has a major capital efficiency gap:

  • Active bettors use opaque, high-risk platforms with poor transparency and no hedging.

  • Passive liquidity providers are limited to low-yield opportunities and “holder boredom.”

  • The ecosystem lacks a product that combines engaging user behavior with productive liquidity.

Proposed Solution

Wager introduces a binary-options AMM designed for Etherlink-native DeFi:

  • Event creation and participation are fully on-chain.

  • Liquidity pools back outcomes transparently.

  • Decentralized oracle-driven settlement reduces trust assumptions.

  • Protocol revenue model:

  • 1–2% rake on winning pots

  • 0.5% fee on liquidity withdrawals

Why It Deserves Funding

  • We already have a working MVP (https://wager-landing.vercel.app/).

  • There is no such product existing on Etherlink.

  • Clear roadmap with self-sustaining plan that generates a 1-2% protocol rake on every winning pot and a 0.5% fee on liquidity withdrawals

8. Team background and relevant experience

We are Etherlink-native builders based in Vietnam:

  • Huy Do: PhD focus in Blockchain, 5+ years building Tezos DApps.

  • Loc Luong (Co-founder): Web3 UI/UX specialist focused on consumer adoption.

Community recognition:

  • 2nd Prize – Tezos Africa Hackathon 2023

  • 3rd Prize (DeFi Track) – Etherlink Summer Hackathon 2025

9. Social handles of project, if any

  • @HuyDo21052000

10. Funding amount requested

8,000 XTZ
The requested funding will cover the cost of development and testing, materials, creation and maintenance of a web homepage, documentation, and ongoing support for the term of one year.

11. Tez address to be funded

tz1hRYB4z3ksCeodmgKcaZBmEBHs63cFmY2D

12. Proposed goals / GPIs / milestones for requested funding

Phase / Milestone Timeline Deliverable
Initialization & Specification Weeks 1–2 Public Github repo, finalize smart contract
Security & Oracle Integration Weeks 3–8 Oracle integration complete, security fixes, expanded test suite
Indexer & Data Layer Completion Weeks 9–14 Production-grade indexer pipeline, event/position analytics, API readiness
Mainnet Release Candidate Weeks 15–20 Full MVP candidate on testnet/mainnet staging, launch checklist complete
Mainnet Launch By October 2026 Public mainnet launch with ETH/BTC/XTZ markets
Post-Launch Support 6–12 months Ongoing maintenance, bug fixes, feature iteration, transparency reports

Funding tranche proposal:

  • Tranche 1 (50%): Upon DAO approval

  • Tranche 2 (50%): Upon completion of security/oracle/indexer milestones and launch readiness proof

Measurable KPIs:

  • Public Github Repo

  • Oracle settlement reliability demonstrated across staged test events

  • Indexer uptime and data integrity metrics shared

  • Mainnet deployment + first live markets (ETH/BTC/XTZ)

  • Public docs and onboarding guides delivered

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