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Polkadot

![](https://i.ibb.co/chLG0nR/Dazhbog-logo-250x92.png)


**Intro**

We're pleased to introduce Dazhbog, a decentralized perpetual futures exchange planned for implementation on the Hydration parachain. Dazhbog allows users to trade perpetual futures contracts securely, transparently, and efficiently.


**Proposal**
We are submitting this proposal to seek the approval of the community to proceed with building a decentralized perpetual futures exchange on Hydration. If approved, we will seek funding from Polkadot OpenGov, which will be mutually beneficial for both CBS and the Hydration parachain.
Link to the Discussion post - https://hydration.subsquare.io/posts/202 


**Dazhbog: A Decentralized Perpetual Futures Exchange**
The platform allows users to trade perpetual futures contracts in a decentralized manner, leveraging the security, scalability, and interoperability of the Polkadot network. By integrating into the Hydration parachain, Dazhbog aims to provide a seamless and efficient trading experience without relying on centralized intermediaries.
Dazhbog's core concept and technical feasibility were rigorously validated. Our project secured first place in the DeFi category at the Polkadot Prodigy hackathon (https://www.polkadotprodigy.com), a prestigious competition within the Polkadot ecosystem. Here is the link https://x.com/PolkadotProdigy/status/1800506214658494794 of the Twitter post where the winner was announced. This achievement demonstrates the extensive research conducted and the project's potential. The recognition highlights the traction Dazhbog has gained within the Polkadot community, further motivating our team to pursue its development.

The full proposal with a Time & Budget Breakdown is available here - https://docs.google.com/document/d/13F4tM_uS4XqDc1Ek8NHHb52ZfB-S-Vswcqme_Iux3fQ

Also, at Polkadot Decoded, we talked with Jakub Gregus (Hydra CEO) and Jakub Panik (Hydra CTO), they liked the idea, but we're also interested in the opinion of the Hydration community.

Below, I am providing the Pitch Deck, Whitepaper, W3F grant discussion and application where you can read more about the project.

Pitch Deck - https://drive.google.com/file/d/1GcV3rve6ChxUiNDFok5VImYQzNo-LgWT
Whitepaper - https://drive.google.com/file/d/14xV1bsHz5rH5NibBrFE6MMjqCUGLLO_9
W3F Level 2 Grant Application (we applied for the Proof of Concept) - https://github.com/Ceres-Blockchain-Solutions/W3F-Grants-program/blob/7083ed96603635f78159ba6e1aaf77dc86f1a752/applications/Dazhbog.md
W3F Level 2 Grant Discussion - https://github.com/w3f/Grants-Program/pull/2338


Build a Decentralized Perpetual Futures Exchange

HydraDX

Proposer: TK Media

Contact: Twitter: @TKVResearch | Telegram: @tk_media

Duration: 12 months

Amount: $65,000

Team Polkadot Daily: 02 Researchers, 02 Multimedia Designers, 01 Media Partnership, 01 Community Manager

About Us: TK Media has been operational since the launch of BSCDaily in late 2020 and has expanded to encompass 21 distinct ecosystems by 2023. We are a team of researchers, data analysts, multimedia designers, and business developers actively engaged in the blockchain industry.

[Our Media Ecosystem & Key Highlights](url)(https://drive.google.com/file/d/1L0GqMZkAD5aEI-ZFYhjyflSKK9eOccEA/view?usp=sharing)

Through our active involvement with L2 foundations and communities, we recognize Polkadot's unwavering commitment to development, despite the current focus on emerging L1s and L2s. Consequently, we propose this funding proposal to reactivate Polkadot Daily.

[Scope of Works](https://drive.google.com/file/d/18PnaC4e5DjkQeDMNR5nrDu21eUVIX3c5/view?usp=sharing)

[Content Creation Example](https://twitter.com/bsc_daily)
[Research Report Example](https://drive.google.com/drive/folders/1cby4OamCB07L5jydabc3uGIkm3DJKE6m)

In light of the current economic challenges, we propose minimal funding to support the Polkadot Daily team's operations for 12 months, to update the community on the latest developments in the Polkadot and Partners ecosystem.

Thank you for considering our proposal. We sincerely appreciate your support.


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Build a Decentralized Perpetual Futures Exchange

TK Media - 12 Months Budget for Polkadot Daily