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Welcome to the Stacks Foundation Grant Program. Community members interested in submitting a grant proposal may do so by opening an issue in this repository and filling out the grant application.
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Sochi Protocol #834

Closed denny-radish closed 1 year ago

denny-radish commented 1 year ago

APPLICANT

Type:                                                                        Direct Application

Email:                                                                    denny@radish.la

Discord:                                                    Denny Portillo#0086

Twitter:                                                        d3portillo

Stacks Forum:           

GRANT BASICS

Grant Name:                                        Sochi Protocol

Total Budget:                              32,000

Total Duration:                 320

Grant Type:                                               Open Source Dev 1st time Grantees

Grant Track:                                          Bitcoin Utility via Stacks

Grant Goal:                                               Strengthen Community

Grant Audience:             End Users (Consumer)

Specific Audience:         Farmer/fisher families in LATAM countries. Or people that cannot easily access financial services.

Grant Team:                                       @rabani-to, @d3portillo

Previous Grants:                      

Ecosystem Programs:      

GRANT MISSION, IMPACT, RISKS & REFERENCE

Grant Mission:         Sochi is a decentralized lending protocol that gives farmer families in El Salvador a system to access loans with low fees. We provide different investment solutions that benefit everyone.

My team have already work products related banking services for LATAM entities and really know how these entities take money from our people, making them lose their dreams. I know and foresee a future where we help this people, allow them to achieve their dreams and earn constant rewards by doing so.

Complete reference at our Litepaper: https://www.gosochi.me/litepaper

Grant Impact:               Some KPIs:

Grant Risks:                          As other existent solutions that depend on real assets or in this case people. Sochi team needs to help this people be on-boarded and guide them through the creation process.

Apart from that we know that apart from development time a possible risk is making investors trust on projects

Support Link:                                     Useful Links:

GRANT ROADMAP & DELIVERABLES

MILESTONE 1:

Deliverable:                   BTC Vault Smart Contract Deployment (4626 interface)

MILESTONE 2:

Deliverable:                   Project interface for RFL (Request for Loan) & Pool Deposit UI

FINAL DELIVERABLE

Deliverable:                   A funcional MVP users can deposit assets for a project on https://www.gosochi.me

stacks-foundation commented 1 year ago

👋 @denny-radish
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

denny-radish commented 1 year ago

The BTC Law:

will-corcoran commented 1 year ago

Hi @denny-radish

Thanks very much for the thoughtful application, but we are going to deny your request for funding.

Please note we are laser focused on funding work that relates to our current priorities (here) and will primarily be funding bounties this year in lieu of grants. That said, we will be posting several sBTC-related Critical Bounties in the coming weeks here. Please keep your eyes peeled and submit an application to complete a bounty if any of them jump out at you.

Best, Will