We believe, it is time moving forward to the next stage from the previously posted [discussion](https://polkadot.polkassembly.io/post/3361) phase.&#x20;



### Summary

We want to let users buy or cash out *any new project token and DOT* straight from wallets & dApps – no central-exchange detour, no costly listing fees for early-stage projects.

A milestone-based treasury request (\~50,000 DOT) would fund:

* **Self-custodial fiat ramp** covering EU (SEPA Instant ↔ EURe) and Brazil (PIX ↔ BRLA) using DEX liquidity and securely abstracting the UX to 1 click for the user.
* **Specialised FX-DEX** deployment on Polkadot Hub**** that includes an on-chain fiat price oracle servicing the whole ecosystem.
* DEX routing from **fiat → DOT or stablecoin → project token** including established DEXes like Hydration for swapping at the best available rate for users


Target: ≥10 dApp integrations and ≥60 % ramp success rate within 6 months of launch.



***



### **Problem**

Today a builder must *first* list a fresh token on a CEX (and pay the setup fee) before any fiat ramp will even look at it. End-users meanwhile juggle KYC loops, bridges, and slippage just to touch Polkadot assets. This “double paywall” slows down adoption and burns runway.



***

### **Objective**

* **For builders:** Remove the CEX prerequisite: ramp reads on-chain liquidity (e.g. Hydration, Vortex DEX), so projects can offer fiat access from **day one**.

* **For users:** One-step conversion **fiat → DOT or stablecoin → project token**

* **For the ecosystem:** Lower **user acquisition costs** + faster onboarding → **more builders choose Polkadot**

Keep the flow fully non-custodial – users signing their transactions (aggregated); funds never sit with Vortex.



***



### **Implementation (overview)**

Today, [Vortex](https://app.vortexfinance.co/) is already live and serving various EVM Chains (Base, Arbitrum Ethereum etc.) as well as supporting offramps from USDC (AssetHub) in Brazil and Europe, all being routed through the Vortex DEX on Pendulum. 



We propose adding the onramp feature to AssetHub Assets, upgrading to the most effective fiat routes using EURC, EURe and BRLA (via XCM, Snowbridge, Hyperbridge or Squidrouter) and adding support for DOT, USDT, Hollar and other DEX-listed Polkadot-Assets, building up a USP to the Polkadot Ecosystem. 



All new functionalities shall be available through the Vortex Widget and API, all code written will be open source. Each milestone budget includes an allocation for audits.



| Milestone | Deliverable | When | DOT |
| --------- | ------------------------------------------------------------------------------------------------------------------ | -------- | ---- |
| M1 | PIX + BRLa integration (Avenia PSP) via API for AssetHub | Oct 2025 | 8 k |
| M2 | EURe bridging (with Monerium EMI) + Instant SEPA onramping | Nov 2025 | 20 k |
| M3 | Integration with new Polkadot Hub including price-oracle pushed onchain (pending separate gas sponsoring proposal) | Jan 2026 | 7 k |
| M4 | Oracle-based DEX rollout for bootstrapping initial EURe and BRLA liquidity | Feb 2026 | 5 k |
| M5 | Add DEX routing through Hydration | Feb 2026 | 10k |

Total: **50 000 DOT**

Partners: **Monerium** (EU EMI licence, EURe issuer), **Avenia** (Brazil BRLA issuer), Ramp aggregators (e.g. [meld.io](http://meld.io)) .

Compliance: full KYC/AML handled by partners; Vortex provides the self-custodial UX and chain abstraction



***



### **How It Works** 

Vortex aggregates and bundles the fiat ramp flow together with DEX swaps into a single user transaction. By connecting directly to stablecoin issuers’ infrastructure, Vortex eliminates unnecessary intermediaries, cuts costs, and mitigates risk — all while utilizing DeFi infrastructure including DEXs, bridges, and abstraction of cross-chain complexity.

### **Simplified Flow for Europe**

**1. Minting/redeeming EURe for fiat EUR on Polygon/Gnosis** → Bridge **Monerium-issued EURe** into/from Polkadot (Hyperbridge)

**2. Swapping to target token**

* Best DEX route chosen between **Hydration**, Stellaswap, or **Vortex DEX (powered by** [**Nabla.fi**](http://nabla.fi)**,** that shall be**** deployed on **Polkadot Hub,** which is expected to roll out by end of 2025 and is fully EVM-compatibl&#x65;**)**
 * Ensures we can deliver **instant swaps** from fiat → EUR-e → DOT or USD stablecoin → project token
* Treasury-funded integration ensures **routing flexibility** between DEXes (Hydration, Stellaswap, Vortex DEX)

**3. Vortex** → Handles fiat settlement starting with **Instant-SEPA (Europe)** & **PIX (Brazil)** and swapping/bridging via API + widget

**4. Builders** → Integrate the **Vortex widget/API** → users can directly ramp fiat into tokens on their dApp, once it has DEX liquidity. Focus maintained by avoiding premature CEX listings.



***



### **Team**

Core contributors: SatoshiPay team (Marcel Ebert, Gianfranco Tasteri, Kacper Szarkiewicz, Prayag Desale, Florian Beba, Tansel Inanc, Alexander Wilke)

Beneficiary Multisig is controlled by SatoshiPay team members.



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Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least `amount`.

### Details
NOTE: For record-keeping purposes, the proposer is deemed to be equivalent to the
beneficiary.

### Parameters
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The destination account for the transfer.

## Events

Emits [`Event::SpendApproved`] if successful.

#1764 Enable fiat access on PolkadotHub to make Polkadot the easiest place to launch and scale web3 products.

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