Canton Development Fund Application: Roil (Private Treasury Management)
1. Executive Summary
Project Name: Roil
Tagline: Private Treasury Management on Canton Network
Category: DeFi / Treasury Management / Privacy Infrastructure
SIG: defi-protocols
Champion: TBD (Seeking SIG Sponsor)
Website: https://roil.app
GitHub Organization: https://github.com/Roil-Finance/roil-finance
Applicant Status: Independent Development Team & Canton Validator Operator (roilfinance-validator-1)
Project Overview
Roil is a privacy-first, automated treasury and portfolio management platform natively built for the Canton Network. Utilizing Canton’s unique sub-transaction privacy model and Daml smart contracts, Roil enables users—from DeFi participants to institutional asset managers—to perform automated portfolio rebalancing, Dollar-Cost Averaging (DCA), and yield auto-compounding without exposing their underlying portfolio allocations, order flow, or execution strategies to the public ledger.
2. Problem Statement & Canton Ecosystem Value
The Problem
On public EVM-based blockchains, portfolio composition, strategy parameterization, and transaction execution are fully transparent. This exposes traders and institutions to:
- MEV & Front-Running: Bots exploit order visibility, extracting billions in value.
- Strategy Copying: Sophisticated treasury strategies are instantly cloned.
- Institutional Reluctance: Financial institutions cannot manage significant treasuries on fully transparent ledgers.
The Solution & Value to Canton
Roil solves these challenges by leveraging Canton's sub-transaction privacy and CIP-0056 token standard.
Key Network Benefits for Canton:
- Uniform Transaction Traffic Profile: Unlike high-burst trading platforms, Roil’s DCA and drift-rebalancing engines distribute transaction envelopes evenly across Canton’s 10-minute rounds ("round-aware scheduling"). This aligns perfectly with CIP-0104 transaction economics.
- Daml & CIP-0056 Showcase: Demonstrates advanced Daml capabilities (authorization-centric contracts, feature caps, atomic settlements) and full CIP-0056 compliance.
- CIP-0116 Compliance: Roil has secured 5,000,000 CC to satisfy the Non-Issuer Featured App (FA) staking requirement, ensuring complete regulatory and operational alignment with Canton Foundation mandates.
- Liquidity & Volume: Onboarding automated liquidity/AMM execution natively on Canton, driving consistent ledger activity and CC velocity.
3. Technical Architecture & Current Progress
Roil employs a 3-tier architecture designed for production-grade reliability:
- Canton Participant Node (Daml Ledger): 10 Daml Modules (DAR v0.3.4), CIP-0056 Native
- Backend (Express / TypeScript Engine): Rebalance, DCA, Compound, Reward Engine, Round-Aware Scheduler
- Frontend (React 19 / Vite UI): Passkey / Web3 Auth + Canton dApp SDK
Daml Smart Contract Architecture (10 Modules)
Types.daml: Core types (AssetId, Holding, Tier, TriggerMode).Portfolio.daml: Portfolio drift tracking, rebalancing state, atomic swap execution assertions.DCA.daml: Scheduled buy orders with frequency constraints and on-ledger auditing.RewardTracker.daml: Tier-based CC rebate mechanics (Bronze to Platinum).TokenTransfer.daml & TransferPreapproval.daml: Standardized CIP-0056 transfer routing.Governance.daml & Whitelist.daml: System parameter configuration, circuit breakers, and feature caps (totalValueUSD, amountPerBuy).FeaturedApp.daml: GSF activity logging and Featured App interaction hooks.
Testing & Readiness
- Daml Contracts: 161 Daml Script tests passed (100% coverage on authorization & edge cases).
- Backend & Services: 267 Vitest suites passed (engine logic, circuit breakers, price oracle fallback).
- MainNet Status: Validator bootstrapped (
roilfinance-validator-1), DAR v0.3.4 registered on TestNet & MainNet.
4. Grant Proposal & Milestones
We are requesting grant funding from the Canton Development Fund to complete external security audits, deploy proprietary native AMM liquidity contracts, and execute our official MainNet launch.
| Milestone | Description | Deliverables | Target Timeline | Requested Grant (CC) |
|---|
| Milestone 1 (Completed) | Core Infrastructure, Daml Contracts & TestNet Deploy | 10 Daml modules, TS Engine, React 19 Frontend, 428 passing tests, TestNet deployment at api.roil.app. | Completed | - |
| Milestone 2 (Execution) | Security Audit & Native AMM Engine | 1. Third-party smart contract security audit for Daml codebase.2. Deployment of native execution layer (AMM/liquidity pool Daml contracts).3. CIP-0116 FA Staking (5M CC lockup execution). | Month 1–2 | 250,000 CC |
| Milestone 3 (MainNet & Scale) | Public MainNet Launch & RWA Integration | 1. MainNet application launch.2. Onboarding initial 500 alpha/beta users.3. Integration of Canton-native RWA assets (e.g., tokenized gold/bonds). | Month 3–4 | 250,000 CC |
| Total Requested | | | | 500,000 CC |
5. Team & Repository Information
- Core Team:
- Seyfettin (Founder & Lead Developer): Blockchain engineer and Canton Network validator operator (
roilfinance-validator-1). Specialized in Daml smart contracts, TypeScript backend architecture, and Canton infrastructure.
- Barış / barissdev (Developer): Blockchain and full-stack developer contributing to application development, frontend integration, and core mechanics. GitHub: https://github.com/barissdev
- GitHub Repositories & Profiles:
- Canton Validator Party ID:
roilfinance-validator-1
- Canton Validator Party ID:
roilfinance-validator-1
