grantshares-dapp[bot] commented 1 year ago

Abstract

We propose to deploy Nomis, a web3 credential and scoring data network, on Neo to help developers leverage wallet credential data to build better products and communities. We aspire to enable developers to personalize their solutions.

Proposal Information

Description

Nomis is an open-source protocol that helps developers build better DeFi solutions and experiences. Our goal is to enable lending protocols to provide its end-users with custom initial loan terms by using Nomis API.

Nomis is designed to be a cross-chain solution to offer the most robust financial snapshot of a potential borrower by hiring hierarchy analysis as a scoring method.

Please check out the project whitepaper to learn more about Nomis.

Motivation

The core philosophy of DeFi loans was to make capital accessible to everyone, but the present structure creates hindrances to mass adoption. The barrier is that DeFi loans are always over-collateralized by design. It makes them too elitist and reserved for those with both tech skills and capital.

It might seem weird, as one borrows because they need funds they don't own in most cases. So, DeFi loans, as a source of capital, aren't accessible for mainstream borrowers and underserved populations looking for alternatives in the eyes of the upcoming recession.

We're interested in developing Nomis on top of Neo as the solution is designed to be cross-chain to offer the most robust financial snapshot of a potential borrower.

Goals

Build credit score MVP for Neo wallets. Please find references for other L1 and L2 wallets here.
Develop API and its documentation for Neo developers.

Nomis could help the Neo ecosystem to grow its TVL and MAD by helping developers build more competitive products and experiences and, as a result, attract more end-users (MAU).

Deliverables & Roadmap

Credit score MVP.

Total Estimated Duration: 1 month
Full-Time Equivalent (FTE): 4
Total Budget: $20k
1. Extract wallet and transaction data from Neo and construct initial variables;
2. Align the Nomis mathematical model to the variables extracted;
3. Develop credit score and UI for Neo wallets.
4. Deploy a smart contract enabling users to mint their on-chain credit score.

API and documentation.

Total Estimated Duration: 1 month
Full-Time Equivalent (FTE): 4
Total Budget: $20k

Deliverables Verifiability

The score for Neo will appear on this page, so every community member will be able to check out and mint their on-chain credit score.
API and its documentation will be available on this page.

Budget Plan

All budget will be allocated to the salaries of the product team ([1 mathematician + 2 engineers + 1 PM] 2 months $5k salary = $40k).

About You / Your Organization

Individual/Entity Name: Alex / The Nomis Team
Website: https://nomis.cc
GitHub Organization (if applicable): https://github.com/Nomis-cc
Whitepaper: https://www.notion.so/artyshatilov/Nomis-Protocol-e859b9e3bae6412fb99d6119a8d2e5a4

Short-Bio

Fedor, CTO

PhD in Computer Science
Author/co-author of more than 40 scientific publications on AI
Holder of 8 patent certificate computer programs using trained neural networks
Developed multiple blockchain solutions on Solidity (Etherium, Polygon), and Exonum (Rust) framework

Alex, CEO

MSс in Mathematics and Economics
Deep AI and ML skills
15 years of experience in neural network and expert systems research
CTO — 5 years
Founder: GoRecruit, Vetlan, Modus

Arty, CPO

MSc in International Business Development
Product Manager — 3 years
UI/UX designer — 4 years
4+ years in blockchain and web3
Founder of KREO — AR/VR studio; clients: Huawei, Mazda, RedBull
Ex. Co-founder and PM at KickCity, a web3 event/ticketing platform on Ethereum

Nick, Lead Dev

Degree in CS
.NET developer
Active open-source contributor
6 times blockchain hackathons awardee

Portfolio of Projects / Past Experience

We have relevant experience in building a scoring solution: GoRecruit, SaaS scoring solution for HRs.

Proposal Info :clipboard:

Proposal Type: request-for-funding
Amount Requested: 5000
Token: 0xef4073a0f2b305a38ec4050e4d3d28bc40ea63f5 (NEO)
Receiver Address: Ne6WVy2Dqu3c255QL8c1GR5vu5t6vwGEhP (0xa5705ab0ef93b7b3d6ae5a7068f902a7359070c7)
Created by: @sxlveign :rocket:
Raw Intents: :eyes:

[ {
  "target_contract" : "0x6276c1e3a68280bc6c9c00df755fb691be1162ef",
  "method" : "releaseTokens",
  "params" : [ {
    "type" : "Hash160",
    "value" : "ef4073a0f2b305a38ec4050e4d3d28bc40ea63f5"
  }, {
    "type" : "Hash160",
    "value" : "a5705ab0ef93b7b3d6ae5a7068f902a7359070c7"
  }, {
    "type" : "Integer",
    "value" : "5000"
  } ],
  "call_flags" : 15
} ]

👇 React with 👍 if you liked it, or 👎 if you think this proposal can be enhanced!

ioannistsil commented 1 year ago

Hello i can say its an interesting addition , i wonder if you have a feature which users can label wallets and track them easily for any transactions ?

DylanNNT commented 1 year ago

This is an interesting proposal, especially with the advent of lending/borrowing of Neo ecosystem assets through Nitron/Demex, and the forthcoming FUSD over-collateralized stablecoin.

The pedigree of the team seems very solid, but the proposed budget also seems to match the skills, expertise, academic standing, and experience. Should this proposal be accepted as is, it would eat into ~57% of the remaining coffers for this round of GrantShares funding. While such a tool could be quite valuable, I'd also like to hear from those building DeFi and borrow/lend protocols in the ecosystem.

Does anyone from the Flamingo and/or Forthewin Network teams have insights into creating credentials for borrowers or lenders?

sxlveign commented 1 year ago