{"title": "CavalRe | Multiswap", "logoImg": "bafkreig7zntlphaswmdsjavhtdqzuc74brpu2lwcxu3hbo3gqdkkv5itiu", "website": "https://caval.re", "bannerImg": "bafkreig7dx2yficmnqbubj2jtdopm5us37tlm5nmw3mvyxgow46eusshyu", "createdAt": 1739368767822, "userGithub": "EricForgy", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..CdrdKkvqs6gmthzwFD12g14WZCD-4UWNldaD-he6_VCgxjyFqTuWsMW7qQoiNl0iW75TtYUhEX0ByqyR29vjBw", "type": "Ed25519Signature2018", "created": "2025-02-12T13:41:22.997Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2025-02-12T13:41:22.997Z", "expirationDate": "2025-05-13T13:41:22.997Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x13691f8c51C6eB0C0C111d77C6a4053Ed074a5A9", "hash": "v0.0.0:TSXrH7mCUI4cVU9iQhxqocFpsQ4WEQZu6KqZqo7PQ0Y=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#CavalRe#8954730"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..rdAaCq3fOi07BOeuz5eXRqWNi0Ex2s9xg2zodnLhaVhqWGtywbh6-yWKUkuXvD0GgMwZZ3Xn8jXKekwcsvDgDA", "type": "Ed25519Signature2018", "created": "2025-02-12T13:40:05.429Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2025-02-12T13:40:05.429Z", "expirationDate": "2025-05-13T13:40:05.429Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x13691f8c51C6eB0C0C111d77C6a4053Ed074a5A9", "hash": "v0.0.0:3s20HzwlFhpc0f/nxqvbtN/Gw76Zqsz4+SlKafniaB0=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#TheCavalRe"}}}, "description": "The Future of   \nGlobal Capital Markets\n\nFebruary 2025\n\n# 1\\. Executive Summary\n\n## Mission Statement\n\nCavalRe is on a mission to bring all capital markets on-chain for the next trillion in TVL. Traditional finance is broken, and DeFi is plagued by fragmentation and unsustainable Ponzi schemes. CavalRe is leading a revolution in DeFi, pioneering institutional-grade capital management principles while enabling emerging products to scale from zero to one.\n\nBy integrating rigorous financial principles, advanced numerical models, and robust engineering, we’ve created a high-performance protocol that maximizes value for stakeholders and facilitates fair, sustainable digital asset exchange.\n\n## Vision Statement\n\nMultiswap aims to replace traditional financial exchanges like Nasdaq and NYSE by building a decentralized, on-chain capital market that is fairer, more efficient, and globally accessible. Through algorithmic governance, liquidity incentives, and seamless programmability, Multiswap will transform how assets are issued, traded, and managed. Success means a future where traditional exchanges are obsolete, and all asset classes—stocks, bonds, commodities, currencies, and derivatives—are seamlessly traded on Multiswap.\n\n# 2\\. Business Concept & Market Opportunity\n\n## The Future of Global Liquidity\n\nMultiswap is CavalRe’s flagship product, an advanced multi-asset automated market maker (AMM) designed initially for spot market trading. Unlike traditional AMMs, Multiswap derives its liquidity curve from first principles of financial modeling, ensuring capital efficiency and dynamic asset management.\n\n## Key Innovations\n\n1. **Dynamic and Target Weights** – A new liquidity model that ensures capital efficiency across both stablecoins and volatile assets.  \n2. **Unlimited Tokens in a Single Pool** – Supports an unlimited number of tokens in a single pool, activating all possible trading pairs while eliminating liquidity fragmentation.  \n3. **Eliminates Value Leakage** – Prevents LPs from losing value due to stale execution prices, ensuring long-term sustainability.\n\nMultiswap is complemented by a new kind of integrated **Launchpad** and **Staking Rewards** model for fair token launches and incentive distribution. This system prevents distortions and promotes sustainable, long-term participation through a dual governance staking mechanism.\n\n# 3\\. Milestones\n\n| Date | Milestone |\n| :---- | :---- |\n| November 2021 | Published foundational [research article](https://arxiv.org/abs/2111.08115). |\n| April 2022 | Executed the first multiswap transaction on testnet. |\n| September 2022 | Raised $70K from angel investors. |\n| January 2023 | Completed $1M pre-seed. |\n| September 2023 | Launched beta on Avalanche mainnet. |\n| December 2023 | First multiswap executed through Odos aggregator on mainnet. |\n| January 2024 | Developed and integrated a new floating-point math library in Solidity making Multiswap the most numerically robust protocol in existence. |\n| February 2024 | Developed a new modular architecture to get around code size limits imposed by EVM. |\n| April 2024 – June 2024 | Developed a new Multiswap model with dynamic and target weights that is capital efficient for both stablecoins and volatile tokens in the same pool. |\n| August 2024 | Deployed the new Multiswap model to testnet as a mockup of the S\\&P 500 with over 500 tokens in a single pool. |\n| October 2024 | Introduced the new dual governance reward model tailored for Multiswap. |\n| December 2024 | Developed a new Multitoken contract that extends ERC20 to multiple tokens in the same contract with subaccounts and native liability support. |\n| January 2025 | Executed the first test transaction with the new Multiswap model routed through Odos on mainnet. Executed the first multiswap locally using the new staking reward model. |\n\n# 4\\. Launch Strategy: Attracting TVL and Kickstarting Volume\n\nMultiswap’s launch is strategically designed to bootstrap liquidity, drive trading volume, and establish a self-reinforcing growth cycle. Our four-phase approach—**strategic fundraising, liquidity onboarding, trading activation and expansion**—ensures a strong market entry with immediate adoption.\n\n## Phase 1: Strategic Seed Round & Rebrand\n\nTo fuel early growth, we are opening a **strategic seed round** with top-tier investors, including our pre-seed backers. This raise provides capital for expansion while serving as a catalyst for market anticipation.\n\nA key milestone funded by this round will be **a complete rebrand of Multiswap**, elevating its market positioning and strengthening its identity for mainstream DeFi adoption. This strategic refresh will enhance brand recognition, create excitement around the launch, and reinforce our commitment to building the future of on-chain capital markets.\n\n## Phase 2: Liquidity Bootstrapping\n\nBefore trading goes live, we will launch a **liquidity deposit phase**, allowing users to deposit assets into the Multiswap pool. A whitelist of approved tokens will be eligible, and the collected liquidity will determine the initial asset weights and target weights in the AMM.\n\nTo incentivize participation, early depositors will receive **pending rewards in CAV tokens** via our staking reward model. A significant allocation (2%–5% of total CAV supply) will be distributed to depositors, ensuring that those who contribute liquidity early are **heavily rewarded**. This phase ensures deep liquidity at launch, reducing slippage and making the protocol attractive to traders from day one.\n\n## Phase 3: Trading Activation & Ecosystem Incentives\n\nOnce the pool is activated for trading, we will collaborate with ecosystem partners, token foundations, and DeFi protocols to provide additional incentives via our staking reward model. These incentives will further amplify liquidity growth, drive early adoption, and encourage ongoing participation.\n\nAdditionally, **Multiswap is already integrated into Odos**, one of the leading DeFi aggregators, ensuring immediate access to routing and order flow from day one. This integration will drive trading volume from launch, as users across DeFi will be able to access Multiswap seamlessly through Odos, significantly enhancing liquidity utilization and fee generation.\n\n## Phase 4: Sustained Growth & Expansion\n\nWith deep liquidity, strong trading volume, and a refreshed brand, we will leverage the momentum to scale our ecosystem, expand partnerships, and establish Multiswap as a leading on-chain liquidity hub. This phased approach ensures a high-impact launch with long-term sustainability, positioning Multiswap as the most scalable and efficient AMM in DeFi.\n\nBy executing this strategy, Multiswap will rapidly attract TVL, generate trading volume, and establish a sustainable, high-yield environment for LPs and CAV holders alike. This structured launch ensures that early adopters are rewarded, liquidity is deep from day one, and Multiswap enters the market with momentum and visibility—enhanced by a bold new identity that reflects its industry-changing potential.\n\n# 5\\. Roadmap\n\n## Phase 1: Establishing Core Infrastructure\n\n* Deploy Multiswap on Avalanche and expand to other EVM blockchains.  \n* Partner with key DeFi protocols, aggregators, and institutional liquidity providers.  \n* Develop governance and incentive structures using CAV tokens.  \n* Launch the **CAV token**, establishing it as the core asset for governance, incentives, and liquidity provisioning.  \n* **Integration with Odos is already complete**, ensuring Multiswap is immediately connected to aggregated trade volume as soon as it is switched on.\n\n**Target Timeline:** Q1 2025\n\n## Phase 2: Liquidity Growth & Institutional Adoption\n\n* Attract liquidity providers and trading platforms seeking superior efficiency and fairness.  \n* Establish a sustainable incentive structure where LPs maximize real yield while CAV holders drive governance and emissions allocation.  \n* Develop derivatives, structured financial products, and tokenized real-world assets.\n\n**Target Timeline:** Q2 2025\n\n## Phase 3: Full Capital Market Integration\n\n* Transition traditional financial institutions and stock exchanges onto Multiswap.  \n* Enable corporations to raise capital directly via the **Multiswap Launchpad**, removing dependency on investment banks.  \n* Implement programmable financial instruments that automate dividends, stock splits, and corporate actions.\n\n**Target Timeline:** Q4 2025\n\n## \n\n## Phase 3: Full Capital Market Integration (Denny)\n\n* **Launch Fixed Income, Options & Derivatives Trading** – Complete the Multiswap financial stack, allowing for fully composable on-chain markets\n\n## \n\n## Phase 4: Blockchain Infrastructure\n\n* Develop a proprietary **Layer 1 blockchain or Layer 2 scaling solution** optimized for on-chain financial services, ensuring scalability, low fees, and seamless integration with institutional finance.  \n* Secure partnerships with key infrastructure providers to support high-throughput, low-latency transaction execution, further solidifying Multiswap as the backbone of decentralized capital markets.\n\n**Target Timeline:** 2026+\n\n## Phase 5: Global Financial Dominance\n\n* Establish Multiswap as the global standard for trading all assets, making centralized exchanges obsolete.  \n* Convert major financial institutions and trading firms into on-chain participants.  \n* Allow CAV holders to govern the evolution of the financial ecosystem, cementing decentralized capital markets as the new paradigm.\n\n**Target Timeline:** 2026+\n\n## Roadmap & Timeline Table\n\n| Phase | Milestone | Timeline |\n| :---- | :---- | :---- |\n| Phase 1 | Deploy on Avalanche | Q1 2025 |\n| Phase 1 | Partner with aggregators & LPs | Q1 2025 |\n| Phase 2 | Institutional onboarding | Q4 2025 |\n| Phase 3 | Tokenized stocks integration | Q4 2025 |\n| Phase 4 | Full capital market transition | 2026+ |\n| Phase 4 | Development of L1/L2 blockchain solution | 2026+ |\n| Phase 4 | Strategic partnerships with infrastructure providers | 2026+ |\n", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "CavalRe", "projectTwitter": "TheCavalRe"}