PrivacyLender is a trailblazing customer-oriented platform designed to revolutionize the DeFi lending ecosystem by providing sophisticated privacy-preserving credit scoring and undercollateralized lending solutions specifically tailored for Web3 small and medium lenders and businesses. Our platform aims to be the go-to choice for DeFi stakeholders seeking secure and innovative lending solutions that prioritize privacy, performance, and scalability.
Problem / Solution
Problem statement:
Web3 lenders and businesses face considerable challenges in offering undercollateralized loans due to the lack of comprehensive and privacy-preserving credit scoring mechanisms. Current features needed to protect borrowers' sensitive information. This situation poses a significant barrier to the growth and widespread adoption of decentralized lending services, ultimately hindering the progress of the DeFi ecosystem.
Solution:
PrivacyLender takes full advantage of the Secret Network's state-of-the-art privacy-preserving technology to offer a secure, private, and scalable platform for credit scoring and undercollateralized lending. By utilizing cutting-edge AI, machine learning, SSI, and Secret Oracles, PrivacyLender presents an unparalleled solution that addresses the unique needs of Web3 lenders and businesses while actively contributing to the growth and adoption of the Secret Network.
solutions in the market either rely heavily on overcollateralization or lack the essential privacy.
Detailed product description
Secure and efficient Secret Contracts for credit scoring, risk assessment, and loan management, ensuring maximum privacy and performance
Seamless integration with Secret Oracles for reliable access to Web2 data sources and SSI providers, enabling comprehensive data-driven insights
Advanced AI and machine learning models for accurate and efficient credit scoring and risk analysis, powered by industry-leading algorithms
Full compatibility with popular Web3 frameworks, wallet providers, and DeFi protocols, ensuring smooth interoperability and a seamless user experience
Go-to-Market plan
Our meticulously crafted go-to-market and commercialization plan focuses on the following crucial aspects:
In-depth market research and segmentation to identify key customer segments and tailor PrivacyLender's offerings to address their specific needs
Product development and customization, leveraging industry best practices and cutting-edge technologies to deliver unmatched performance and value
Forging strategic partnerships and ensuring seamless ecosystem integration with established Web3 platforms, DeFi protocols, and financial service providers
Comprehensive marketing and brand awareness campaigns, utilizing a multi-channel approach to reach target customers and showcase PrivacyLender's unique benefits
Exceptional customer support and educational resources, ensuring users have the knowledge and assistance they need to make the most of the platform
Competitive pricing and revenue models, offering flexible plans suitable for a wide range of small and medium lenders and businesses
B2B sales strategy that emphasizes relationship-building, value-driven propositions, and long-term customer success
A commitment to continuous improvement, expansion, and innovation, ensuring PrivacyLender remains at the forefront of the DeFi lending space
Value capture for Secret Network ecosystem
PrivacyLender brings significant value to the Secret Network by providing a unique use case for its privacy-preserving blockchain technology. By offering a privacy-focused lending platform, PrivacyLender attracts a new class of users who value their financial privacy and security, increasing the adoption and usage of the Secret Network.
Additionally, as PrivacyLender's user base grows, it will generate more transactions on the Secret Network, increasing the platform's usage and providing a valuable source of demand for the network's native token. This could drive up the token's value and increase the network's overall liquidity.
Furthermore, PrivacyLender's undercollateralized lending solutions could bring new opportunities for users to earn higher returns on their assets, further incentivizing them to use the Secret Network and its privacy-preserving features. This could create a positive feedback loop, where more users are attracted to PrivacyLender, driving up demand for the Secret Network's privacy-preserving services and features.
Team members
Our team is made up of highly skilled professionals who have gained experience working with top companies such as Ledger, Zerion, Casper, Storj, Paraswap, and Consensys.
Viktor V., CTO. Expert with 17+ years’ experience as CTO, Lead and Full Stack engineer, 40+ projects. Specialises in blockchain and smart contracts development.
GitHub: https://github.com/with-one-wing
Taras P., Lead frontent developer. Lead Frontend developer with experience at top crypto companies such as Blockchain and Ledger. Specialises in crypto-wallets, browser extensions and NFT development.
GitHub: https://github.com/TarasPotsikaylo
Dmytro Y., Golang Developer. Golang Developer, worked with companies such as Zion, Animoca, Amuzed and over 10+ NFT projects. Specialises in dApps and web3 products development.
GitHub: https://github.com/Dmytro-yakymuk
*the list of team members stated here is not full (the final necessary team members will be listed in the point 11-Development Roadmap) and could be changed or updated.
Team's experience
Storj Labs: case here: https://boostylabs.com/cases/storj
The world's largest decentralized cloud storage provider. We provided Storj with full-scope software engineering, product management, design and QA services. Delivered web development and integration/migration services. Designed, developed and launched Android/iOS apps, Object Storage management tools (aka Satellite Account), IAM using Macaroons, software for node operators, crypto/fiat payment system implementation using Stripe, etc.
Ledge:
Ledger is a fast paced, growing company developing security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology. Boosty Labs developed all the infrastructure for https://market.ledger.com with our team. Ledger is a fast paced, growing company developing security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology
Сonsensys : case here: https://boostylabs.com/cases/consensys
ConsenSys is the leading Ethereum software company. They enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Boosty Labs was working on Codefi and provided Consensys with full-stack development and QA engineering services. Storj Labs https://www.storj.io/ The world's largest decentralized cloud storage provider. We provided Storj with full-scope software engineering, product management, design and QA services. Delivered web development and integration/migration services. Designed, developed and launched Android/iOS apps, Object Storage management tools (aka Satellite Account), IAM using Macaroons, software for node operators, crypto/fiat payment system implementation using Stripe, etc.
Mysterium
An open-source ecosystem of tools and infrastructure to liberate the web. Boosty Labs is currently working on the product - decentralized VPN which is a global, distributed network powered by everyday people. Boosty Labs provide its back-end developers, DevOps and even CTO. So, our model of work allow clients to work with developers and even with C-level like with their own employees.
Paraswap
Paraswap is the leading DeFi aggregator that unites the liquidity of decentralized exchanges and lending protocols into one comprehensive and secure interface and APIs. The mission of Paraswap is to drive DeFi participation to new heights by offering secure, intelligent and optimized trading solutions for individuals and institutional traders to tap effortlessly into the fragmented liquidity pools. Boosty Labs helped Paraswap with the smart-contract part and provided Rust developer to be engaged into the project.
We will require ~10-11 weeks to complete this project. We intend to have 5 people: Front-end developer, Back-end developer, Project Manager, QA manual engineer, Smart Contract Engineer at a total cost of $75 875
*please note that the total cost is not final and could vary +-10%
Q1: Development and Launch of PrivacyLender Platform
Complete AI models, Secret Contracts, and frontend development
Conduct security audits and vulnerability assessments
Launch the platform and onboard initial users
Q2: Community Building and Educational Initiatives
Create educational content, guides, and tutorials
Conduct workshops, webinars, and engage with the community on social media
Establish a strong presence in the DeFi community
Q3: Expanding Partnerships and Ecosystem Integrations
Establish strategic partnerships with relevant projects and organizations
Integrate with other platforms and protocols within the Secret Network ecosystem
Explore potential collaborations with cross-chain projects
Q4: Continuous Improvement and Platform Optimization
Collect user feedback, address issues, and iterate on the product
Develop and implement additional features based on user needs
Maintain a strong focus on security and performance improvements
Example milestones
Secret Contract Development: (250 hours)
Credit scoring and risk assessment contract: 100 hours
Loan management contract: 100 hours
Integration with Secret Oracles: 50 hours
AI and Machine Learning Model Development: (300 hours)
Data collection and preprocessing: 60 hours
Feature selection and engineering: 60 hours
Model training and testing: 120 hours
Model optimization and deployment: 60 hours
Web3 Integration and User Interface Development: (150 hours)
Integration with Web3 frameworks and wallet providers: 60 hours
Team Name
Boosty Labs
Project Description
PrivacyLender is a trailblazing customer-oriented platform designed to revolutionize the DeFi lending ecosystem by providing sophisticated privacy-preserving credit scoring and undercollateralized lending solutions specifically tailored for Web3 small and medium lenders and businesses. Our platform aims to be the go-to choice for DeFi stakeholders seeking secure and innovative lending solutions that prioritize privacy, performance, and scalability.
Problem / Solution
Problem statement: Web3 lenders and businesses face considerable challenges in offering undercollateralized loans due to the lack of comprehensive and privacy-preserving credit scoring mechanisms. Current features needed to protect borrowers' sensitive information. This situation poses a significant barrier to the growth and widespread adoption of decentralized lending services, ultimately hindering the progress of the DeFi ecosystem.
Solution: PrivacyLender takes full advantage of the Secret Network's state-of-the-art privacy-preserving technology to offer a secure, private, and scalable platform for credit scoring and undercollateralized lending. By utilizing cutting-edge AI, machine learning, SSI, and Secret Oracles, PrivacyLender presents an unparalleled solution that addresses the unique needs of Web3 lenders and businesses while actively contributing to the growth and adoption of the Secret Network. solutions in the market either rely heavily on overcollateralization or lack the essential privacy.
Detailed product description
Go-to-Market plan
Our meticulously crafted go-to-market and commercialization plan focuses on the following crucial aspects:
Value capture for Secret Network ecosystem
PrivacyLender brings significant value to the Secret Network by providing a unique use case for its privacy-preserving blockchain technology. By offering a privacy-focused lending platform, PrivacyLender attracts a new class of users who value their financial privacy and security, increasing the adoption and usage of the Secret Network.
Additionally, as PrivacyLender's user base grows, it will generate more transactions on the Secret Network, increasing the platform's usage and providing a valuable source of demand for the network's native token. This could drive up the token's value and increase the network's overall liquidity.
Furthermore, PrivacyLender's undercollateralized lending solutions could bring new opportunities for users to earn higher returns on their assets, further incentivizing them to use the Secret Network and its privacy-preserving features. This could create a positive feedback loop, where more users are attracted to PrivacyLender, driving up demand for the Secret Network's privacy-preserving services and features.
Team members
Our team is made up of highly skilled professionals who have gained experience working with top companies such as Ledger, Zerion, Casper, Storj, Paraswap, and Consensys.
Viktor Ihnatiuk, technical Adviser. Co-founder of Boosty Labs, Advisor at Storj. https://www.linkedin.com/in/victor-i/
Viktor V., CTO. Expert with 17+ years’ experience as CTO, Lead and Full Stack engineer, 40+ projects. Specialises in blockchain and smart contracts development. GitHub: https://github.com/with-one-wing
Taras P., Lead frontent developer. Lead Frontend developer with experience at top crypto companies such as Blockchain and Ledger. Specialises in crypto-wallets, browser extensions and NFT development. GitHub: https://github.com/TarasPotsikaylo
Dmytro Y., Golang Developer. Golang Developer, worked with companies such as Zion, Animoca, Amuzed and over 10+ NFT projects. Specialises in dApps and web3 products development. GitHub: https://github.com/Dmytro-yakymuk
*the list of team members stated here is not full (the final necessary team members will be listed in the point 11-Development Roadmap) and could be changed or updated.
Team's experience
Storj Labs: case here: https://boostylabs.com/cases/storj The world's largest decentralized cloud storage provider. We provided Storj with full-scope software engineering, product management, design and QA services. Delivered web development and integration/migration services. Designed, developed and launched Android/iOS apps, Object Storage management tools (aka Satellite Account), IAM using Macaroons, software for node operators, crypto/fiat payment system implementation using Stripe, etc.
Ledge: Ledger is a fast paced, growing company developing security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology. Boosty Labs developed all the infrastructure for https://market.ledger.com with our team. Ledger is a fast paced, growing company developing security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology
Сonsensys : case here: https://boostylabs.com/cases/consensys ConsenSys is the leading Ethereum software company. They enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Boosty Labs was working on Codefi and provided Consensys with full-stack development and QA engineering services. Storj Labs https://www.storj.io/ The world's largest decentralized cloud storage provider. We provided Storj with full-scope software engineering, product management, design and QA services. Delivered web development and integration/migration services. Designed, developed and launched Android/iOS apps, Object Storage management tools (aka Satellite Account), IAM using Macaroons, software for node operators, crypto/fiat payment system implementation using Stripe, etc.
Mysterium An open-source ecosystem of tools and infrastructure to liberate the web. Boosty Labs is currently working on the product - decentralized VPN which is a global, distributed network powered by everyday people. Boosty Labs provide its back-end developers, DevOps and even CTO. So, our model of work allow clients to work with developers and even with C-level like with their own employees.
Paraswap Paraswap is the leading DeFi aggregator that unites the liquidity of decentralized exchanges and lending protocols into one comprehensive and secure interface and APIs. The mission of Paraswap is to drive DeFi participation to new heights by offering secure, intelligent and optimized trading solutions for individuals and institutional traders to tap effortlessly into the fragmented liquidity pools. Boosty Labs helped Paraswap with the smart-contract part and provided Rust developer to be engaged into the project.
Team Code Repos
https://github.com/with-one-wing https://github.com/TarasPotsikaylo https://github.com/Dmytro-yakymuk
Development Roadmap
We will require ~10-11 weeks to complete this project. We intend to have 5 people: Front-end developer, Back-end developer, Project Manager, QA manual engineer, Smart Contract Engineer at a total cost of $75 875
*please note that the total cost is not final and could vary +-10%
Q1: Development and Launch of PrivacyLender Platform
Complete AI models, Secret Contracts, and frontend development Conduct security audits and vulnerability assessments Launch the platform and onboard initial users
Q2: Community Building and Educational Initiatives
Create educational content, guides, and tutorials Conduct workshops, webinars, and engage with the community on social media Establish a strong presence in the DeFi community
Q3: Expanding Partnerships and Ecosystem Integrations
Establish strategic partnerships with relevant projects and organizations Integrate with other platforms and protocols within the Secret Network ecosystem Explore potential collaborations with cross-chain projects
Q4: Continuous Improvement and Platform Optimization
Collect user feedback, address issues, and iterate on the product Develop and implement additional features based on user needs Maintain a strong focus on security and performance improvements
Example milestones
Secret Contract Development: (250 hours)
AI and Machine Learning Model Development: (300 hours)
Web3 Integration and User Interface Development: (150 hours)
Testing and Quality Assurance: (160 hours)
Project Management and Coordination: (300 hours)
Additional Information
N/A