Name of Project
Autonomy Network
Proposal overview
Autonomy Network is a decentralized automation protocol - a B2B infrastructure tool used by dapps to add features, like limit orders, stop losses and impermanent loss prevention on AMMs with only a simple UI change and no contract redeployments.
Autonomy aims to enable the next wave of innovation in crypto by allowing dapps to add features that were otherwise impossible. Our solution is live on Avalanche, Ethereum, BSC, Polygon while it’s upcoming on Solana and a few more major chains including Harmony. We already have significant traction in the following use cases:
- adding limits, stops, and preventing impermanent loss to our DEX partnerships
- automatic self-liquidation
- recurring DAO salary payments
- creating an entirely new market for autonomous NFTs (aNFTs - on-chain entities that
can make their own txs without humans)
Autonomy has been working on launching some important sub-projects that aim to ease the usability of autonomy as a solution and showcase the various use cases possible across gaming, NFTs, DAO automation etc. These include the following:
Automation Station: An automation hub for automating arbitrary tasks of dApps/ projects built on most major chains. As an example - automated harvesting of yield farms, auto distribution of rewards to the community/ contributors or even Finalizing of the outcome of voting on a DAO governance proposal.
AutoSwap: a multichain DEX powered by Autonomy Network protocol that offers advanced features such as Limit Orders, Stoploss and sources liquidity from some of the top DEXes on each chain.
MetaDungeon - the first ever blockchain PvE (Unique example of aNFTs in gaming)
Introduces :-
- Team Play
- TrueNPCs
- Autonomous NFTs that can transfer themselves out of users wallet as a feature of the game
Proposal ask
$30k
The expected development timeline would be :
Week (1-3) - Launch on Autonomy Network on Harmony testnet
Week (3-5) - Launch on Harmony mainnet with audit
Week (5-6) - Launch on mainnet would be followed by adding support for major Harmony DEXes on Autoswap & the integration of advanced DEX trading features natively on
First month after launch: Ramping up user acquisition by engaging in cross-marketing campaigns with the partner projects on Harmony
Second month after launch: Autonomy sub-projects including MetaDungeon goes live on Harmony
Metrics for success
Since use of Autonomy as a solution for adding advanced features to DEXes has been the most widely implemented feature, we plan to offer this to DEXes on Harmony to integrate and aim to bring at least 1.5x to 2x growth in volumes of these exchanges through limits, stoploss orders and IL prevention features for AMMs.
At present, our partner DEXes cumulatively have over $ 1 Billion USD in daily volume and we expect this to grow with the integrations happening across major chains.
Going further all Autonomy sub-projects would have launched on Harmony including Autostation catering to various time-sensitive automation requirements of dapps on the network and MetaDungeon where we plan to collaborate with NFT gaming projects and incorporate their NFTs letting their holders/gamers gain access to boosted abilities as they play the game.
External links
Project’s Website - https://www.autonomynetwork.io/
Autoswap DEX - AutoSwap
MetaDungeon Game - https://www.meta-dungeon.io/
Automation Station - https://autostation.io/
