metadata: {"signature": "0x1769affb9fd2719a767210ab6b7623aa41482aba6d87b74551d30dcba17f1ac962cdcff6655dba0badac902a6ce5fb5526c047b61c04f762cdf217f603b0679f1b", "application": {"round": "0xd4cc0dd193c7dc1d665ae244ce12d7fab337a008", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "XgnyxhLexNztzhzapQKoDxQTMT0eQ1l2CUuQueUox2ISHvwOtXnguwuMTSwpCCWS", "encryptedSymmetricKey": "d09703e56ae14a2bfb5de4fcbf2835d539c03bf26d6cdfe7e4695e747d7187b8edf25d74cb9678b42af628b450bee0185befa03a1ec1f055da1e329aa842d0cfd06200a11aa80a41ee3fce3236d0ab537eb77a44ddfaf975ab367bcac45affa6570b79926489ccf1017c0ebaeac93fa225bcb80f8d41a371f0f106f424ee048c0000000000000020d415fa06b430723c0debf0973dce42bc4c4fa2847be070c44b82e48825475bff3f1c2cc167b2ff0070aead5cf9881ab0"}}, {"type": "short-answer", "answer": "N/A", "hidden": false, "question": "Telegram Handle (you can answer N/A)", "questionId": 1}, {"type": "short-answer", "answer": "https://discord.gg/uRs7j8w3bX", "hidden": false, "question": "Link to your Public Group Chat (Discord or Telegram )", "questionId": 2}, {"type": "paragraph", "answer": "At Carmine Finance we are pushing the boundaries of what can be done on blockchain. Our main focus is on **Taking Care of Risk on chain**, specifically the DeFi risks. We are moving towards enabling and **democratizing hedging and insurance products in DeFi**, such products that TradFi professionals would automatically expect but are not available in DeFi. We strongly believe in decentralization of DeFi and we want to support that through development of open sourced Carmine Governance.", "hidden": false, "question": "How is the open-source software you're creating contributing to the evolution or enhancement of the wider Ethereum and Web3 ecosystem?", "questionId": 3}, {"type": "paragraph", "answer": "There is a lot that has happened in the last few months.\n- We have rewritten smart contracts for Carmine Options AMM and are testing those on testnet https://testnet.app.carmine.finance/.\n- We are testing a new app frontend https://testnet.app.carmine.finance/.\n- Number of users grew to 110 000.\n- DeRisk is about to launch.\n- We are continuing the development of Hedging against Impermanent Loss.\n", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months (N/A if you haven\u2019t participated previously). ", "questionId": 4}, {"type": "paragraph", "answer": "Through a number of unique users coming to the platform. Carmine Options AMM went from 24k (reported in previous Gitcoin grant) to 110k now. https://app.carmine.finance/dashboard .", "hidden": false, "question": "How do you measure the impact of your project? Please provide examples and/or standard metrics. This might be used in future impact reports ", "questionId": 5}, {"type": "number", "answer": "265500", "hidden": false, "question": "Total Prior Funding for the project in USD", "questionId": 6}, {"type": "checkbox", "answer": ["Grants", "VC"], "hidden": false, "question": "Which of the following funding sources have you received? Check all that apply", "questionId": 7}, {"type": "number", "answer": "8", "hidden": false, "question": "Total Team Size", "questionId": 8}, {"type": "number", "answer": "19", "hidden": false, "question": "How old (in Months) is the project? (We will use twitter, domain registration, github, etc to verify)", "questionId": 9}, {"type": "address", "answer": "", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 10}, {"type": "paragraph", "answer": "https://github.com/MarekHauzr https://github.com/tensojka https://github.com/DaveVodrazka https://github.com/Chepelau https://github.com/lukaspetrasek", "hidden": true, "question": "Profiles or socials of other main team members publicly associated with the project (N/A for solo founders): ", "questionId": 11}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? https://gitcoin.notion.site/GG19-Eligibility-50843c8b3ab44ad297731a00efa6e389?pvs=4", "questionId": 12}, {"type": "paragraph", "answer": "The core team spent its careers between AI/ML, HFT, MEV and its background covers this more than well. This makes us incredibely well suited to deal with modeling and measuring risk in DeFi.\n\nWe are also pushing on having community contributions. We are relatively successful mainly with developers that want to learn new things and contribute to open source at the same time. Having more capital would mean that the project could get senior community developers.\n", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that may help in determining project eligibility?", "questionId": 13}, {"type": "multiple-choice", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews? ", "questionId": 14, "encryptedAnswer": {"ciphertext": "kRvYwShhfa+87jDKCKaEoTrSnkEe6tiHWNb0wYJ/Jc4=", "encryptedSymmetricKey": "aaddd4fa9fb8d901e1257b3f146b435842eee0b71fd88f924af1e3df95bfb22ae369ad170927da44ff1e98693c19ab12ccd7a53b6421fda350aa64154a4a4ae53458be58d168e8020aa5bc4d9e601f572c1ce9fc4674b6d9c02cd60a783e518a5e02ab1098b3fbe55877b6e34325f768bd48b6127f5dfb62683c56c98e0897c20000000000000020e84c98bccf3516c542a5bd0eec8e166d64dff2d4083d4ef3c07c966844dae7d2a9fb2b45734f74367efe80997b8e80ad"}}, {"type": "multiple-choice", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? ", "questionId": 15, "encryptedAnswer": {"ciphertext": "tYvMmSoc43LjmRPEeKFUUI2Wgf6LVJC6zvtaCro3PfI=", "encryptedSymmetricKey": "2d25b4d07ff37a9a824c17eea4d0a6780ce40c8033a51ca25bd6dd7efc43a16faf243aab5dd43edf9dbba44edbbe7913fdddf9be31f27fe08569a78b47fc2a83c4a12cba85c3efa9b4bd184a9ca90dad9852ac6c92a850d44d4eba73ad9631b42870486c3917e65e0d34283bbbdcca6a792c9c0113777866c6eb25c268ac66400000000000000020a981df69c3b06f9636f4478767717c5aa063e6558f1a3dbe7419bd7636972c5fbc0b8630d5b98f3e6cb93dab775ea88d"}}, {"type": "multiple-choice", "answer": "Europe", "hidden": false, "question": "Location/Region where the project is based.  Choose from: ", "questionId": 16}, {"type": "short-answer", "hidden": false, "question": "Gitcoin Gov Forum Handle (gov.gitcoin.co)", "questionId": 17}], "project": {"id": "1:0x03506eD3f57892C85DB20C36846e9c808aFe9ef4:1085", "title": "Carmine Options AMM", "logoImg": "bafkreicbdd4xa3n7dxtt2ijpqhlopuvw6lhwo2pk3wapp7l32kyawyuzfy", "metaPtr": {"pointer": "bafkreihutj6ojdwgnr7s4fjols5jv4im7eqn2zoibra64a7yqnvvjnoyba", "protocol": "1"}, "website": "https://carmine.finance", "bannerImg": "bafkreibvyood63p3cqaoebqmn4dehkrqdrmy6ejqafvcy5fatnwrkmmlhu", "createdAt": 1691788174537, "userGithub": "MarekHauzr", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..X57WibdylYtT-u1-Zsfkzf30VA8uFTTgLTBiOBXYTEXpCajXlJhTA2Y575GSlc9pCtwR7CYfhHBAHZ5lpFgDBA", "type": "Ed25519Signature2018", "created": "2023-08-15T08:06:15.115Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-15T08:06:15.114Z", "expirationDate": "2023-11-13T08:06:15.114Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xa4ad2Ee4f67C3C83a0081060b6AeA2c88dFc36f3", "hash": "v0.0.0:JAS8uz296DOPQ9sRKz0ylsZPylXd712Wb2VccPneRKA=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#CarmineOptions#8970363"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..gkAYEeA1tnR7NV0_ZFS1hp03O-VCNvyXdHPiuImWzhJJd6tZZxcCdFZIv8Q-ycmexYMVwMOOQtofmgcGIa-JAg", "type": "Ed25519Signature2018", "created": "2023-08-14T20:09:05.907Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-14T20:09:05.906Z", "expirationDate": "2023-11-12T20:09:05.906Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xa4ad2Ee4f67C3C83a0081060b6AeA2c88dFc36f3", "hash": "v0.0.0:qV06sSdtpQ7+Uh76iKrEExK5BscVkbueF7emVwGRg08=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#CarmineOptions"}}}, "description": "# Carmine Finance\n\n\n**Carmine Finance has a simple goal. Take care of crypto risk.**\n\n\nCarmine community takes care of risk through insurance, hedging and monitoring. We are **pushing the boundaries** of these.\n\n\nThrough Carmine Options AMM blockchain users and protocols can hedge or insure against the risks that apply to them and through DeRisk anyone will be able to monitor those risks.\n\n\n## Carmine Options AMM\n\n\nOptions AMM that allows users not only to buy, but also to sell options. This has cool implications for liquidity providers - it minimizes their risk and increases the usage of provided capital. Alongside standard pairs listings, one can trade options for different underlying assets such as NFT portfolios and more. \n\n\nWe view options as \u201cif statement with market pricing\u201d. Imagine being or not being able to use \u201cif statement\u201d while implementing some software. Implication of viewing options in this way is a revolutionary approach that provides a** major building block to DeFi composability**.\n\n\nThing that can easily be build on top of these building blocks include\n\n\n- Hedging / insuring investments (https://app.carmine.finance/insurance)\n- Hedging and insurance against impermanent loss\n- Insurance against game commodities price drops\n- Insurance against risk of under the water loans (shortfall events)\n- Moves us closer to solving the problem of capital efficiency in DeFi\n- Many more (https://docs.carmine.finance/carmine-options-amm/use-cases)\n\nThe smart contracts are written in a way that anyone who deploys them can easily build products on top of them, or build on top of the already deployed.\n\n\n ## DeRisk\n\n\nA simple open source tool to monitor risks in DeFi.\n\n\nThe high ambition project is just about to be released. The goal is to monitor, estimate and forecast risks associated with behavior of DeFi protocols.\n\n\nThe first major risk that is being monitored is a risk of occurrence of under the water loans. The project aims to quantify this risk and allow anyone to adjust the models, integrate new protocols (data sources) and mainly to provide information so that this risk can be managed in a better way and new products can be built or current ones extended. Imagine being able to use any asset as collateral.\n\n\n## Carmine Governance\n\n\nWe believe builders on StarkNet should be laser focused on building their products and not on building tooling or features that are very similar or even the same across different projects. Just as builders don\u2019t create their own IDEs, testing and deployment frameworks and so on, they should not be building their own governance (unless they have a good reason for it), token distributions or spend a lot of time on thinking about where and how to list their token. Spending time on these tasks diverts builders from what matters, especially in the early days of their projects. Simultaneously, there should be multiple options to pick from, the same way you have multiple IDEs, wallets, DEXes and so on.\n\n\nWe are building **Governance that will be usable by any protocol on StarkNet**. That will save on development time and guide developers through **project token creation, token distribution, staking, listing and more**. There is a lot ahead of us but we have already released a very early partial version and Carmine Options AMM is using it to guide its decisions.", "lastUpdated": 0, "projectGithub": "CarmineOptions", "projectTwitter": "CarmineOptions"}, "recipient": "0xa4ad2Ee4f67C3C83a0081060b6AeA2c88dFc36f3"}}