Closed sxlveign closed 1 year ago
stacks-foundation
commented
1 year ago 👋 @sxlveign Thanks for your application! We will do a pre-review and let you know if we have any immediate questions. In the mean time please refer to our review schedule here for a detailed timeline and response dates. Best, Will
will-corcoran
commented
1 year ago @sxlveign
Thank you for the proposal, however we we have decided to deny your application. For the next several quarters we are laser focused on conserving funding for efforts that have clear alignment with the current priorities of the grants program noted here - specifically sBTC. Additionally, with the addition of the Web3 Startup Lab to our ecosystem - we are leaning on them to support the kickstart of startup ideas like this and reserving grant funding for the development of protocol-wide public goods. You might want to email albert@stacks.ac to see if joining his next cohort would be a good fit. They are focusing exclusively on DeFi.
Best, Will
APPLICANT
Type: Direct Application
Email: vitalii@nomis.cc
Discord:
Twitter: nomis_protocol
Stacks Forum:
GRANT BASICS
Grant Name: Infra for DeFi personalization
Total Budget: 20,000
Total Duration: 250
Grant Type: Open Source Dev 1st time Grantees
Grant Track: Stacks Interface
Grant Goal: Create New Technology
Grant Audience: Developers
Specific Audience: DeFi developers aspired to provide their end-user with personalized experiences.
Grant Team: Nomis-cc
Previous Grants:
Ecosystem Programs:
GRANT MISSION, IMPACT, RISKS & REFERENCE
Grant Mission: As a result of the grant support asked, we'll build SDK that allows implementing reputation/credit scores into existing protocols or completely new solutions on top of Stacks. By providing developers with that tool, we aspire to make DeFi loans less collateralized and more attractive for mainstream borrowers and underserved populations.
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.
Nomis.cc is designed to bring mass adoption closer and enable DeFi lenders to get more clients. We help mainstream borrowers get alternative access to capital by placing them in web2-like experiences and enabling them to leverage their on-chain reputation to get better DeFi loan terms. On the other hand, Nomis.cc enables lending protocols to use wallet credit score data in their business models to offer users custom loan terms.
Nomis.cc is at the MVP stage: >5000 wallets have been scored on 20+ L1 and L2 chains so far since Sep’22. We'd love to bring the solution to Stacks too.
Grant Impact: 1) # of Stacks wallets that minted their on-chain credit scores 2) # of protocols that implemented our scoring solution 3) # of new DeFi lenders and borrowers attracted to the Network
Grant Risks: We'll not find the Network players or developers interested in the integration
Support Link: 1) MVP for 20+ L1s and L2s: https://nomis.cc 2) Whitepaper: https://www.notion.so/artyshatilov/Nomis-Protocol-e859b9e3bae6412fb99d6119a8d2e5a4
GRANT ROADMAP & DELIVERABLES
MILESTONE 1:
Deliverable: UI for Stacks wallets to check out and mint their credit/reputation scores
FINAL DELIVERABLE
Deliverable: SDK to implement reputation scores into protocols for the Stacks developers