metadata: {"signature": "0xed603a6a01c13adb178c02fb3ec805260cfcdbdb0ea5e285ac91bd4a18b751f01edba92b6d1b3c26df07a665ced3b262a5a99d85caea2cb3170d4a7051e6ca0c1c", "application": {"round": "0xf50fa2dc5cbe583670323bc5acdeb02c447cd8b3", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "x3YRfFTq+ug3uOB/Q9jw8TXk3P8BOCtEvX1f7jlYNH07Zbx786k3GtUu4poNtZwa", "encryptedSymmetricKey": "f303945fb4d9b3b1ed590c41eed4bf0f9d7e762657ed1b851a1a98fedf5a20e87c66a7ce7fa0f6225852426c6f77790c7bb4cb2736508df286d81318104bc8b401d1c4d8775593559eb72eb0bf686a6264bf3798ef54f0c19e2a857f0050a1b1097bed0f15609461bff5592fef19436c29fd5f56a36e0521ad57d1d6669d0a330000000000000020c7ed30c32957ba7f3c7e0b651ca3f9717c828e129a37f7e96b762d1db7c17b56229e3e69bc9410187759585b6c1d3a87"}}, {"type": "short-answer", "answer": "10050(Total Hackathons payments)", "hidden": false, "question": "Total Prior Funding for the project in USD", "questionId": 1}, {"type": "number", "answer": "5", "hidden": false, "question": "Team Size", "questionId": 2}, {"type": "short-answer", "answer": "t.me/Mohzcrea8me", "hidden": true, "question": "Telegram Handle We Can Use To Contact (N/A if none)", "questionId": 3}, {"type": "short-answer", "answer": "https://github.com/STB-Stable-Borrow/stable-borrow-mvp", "hidden": false, "question": "Project GitHub Repo (Not Team Page)", "questionId": 4}, {"type": "short-answer", "answer": "Mohzcrea8me - 0x6E917106f09655a5Df97fd2Afdee18fC17e87596,         qozeemope - 0xc57FdDb43ab6De2D149EA2894cb546A22bf140c3,       adedamolabasit - 0x2850A55692313e396ee8C3dB94c337EDc98946E4", "hidden": false, "question": "List the Github Handles and Wallet Addresses of Each Team Member (e.g. owocki - 0x123, kbw  - 0x456)", "questionId": 5}, {"type": "short-answer", "answer": "Moses(X/Twitter) - @Mohzcrea8me,      Qozeem(X/Twitter) - @qozeemope,      Adedamola(X/Twitter) - @adedamola_basit,      Ola(X/Twitter) - @olaprime_ ,      Sager(X/Twitter) - @golinbox", "hidden": true, "question": "Social profiles (Twitter, Farcaster, Lens, etc.) of other main team members publicly associated with the project (N/A for solo founders)", "questionId": 6}, {"type": "link", "hidden": false, "question": "Link to your Public Group Chat (e.g. Discord or Telegram)", "questionId": 7}, {"type": "short-answer", "answer": "N/A", "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": 8}, {"type": "short-answer", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here", "questionId": 9}, {"type": "short-answer", "answer": "https://github.com/STB-Stable-Borrow/stable-borrow-mvp/graphs/contributors ,           https://github.com/orgs/STB-Stable-Borrow/projects/2", "hidden": false, "question": "Where should we look to see the impact of your project? Please provide links to public websites and/or the latest values for key metrics you track privately. This might be used in future impact reports", "questionId": 10}, {"type": "multiple-choice", "answer": "Grants", "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply.", "questionId": 11}, {"type": "short-answer", "answer": "1 Year", "hidden": false, "question": "How old is the project? (in months if less than one year)", "questionId": 12}, {"type": "dropdown", "answer": "Africa", "hidden": false, "question": "Location/Region where the project team is based", "questionId": 13}, {"type": "dropdown", "answer": "Yes", "hidden": false, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy?", "questionId": 14}, {"type": "short-answer", "answer": "1. Coinbase: Buidl the Future Hackathon - Price won: 5000$ - link:https://buidl-the-future.hackerearth.com/challenges/hackathon/buidl-the-future/custom-tab/xdc/#xdc - winners link:  https://www.xdc.dev/tpada13/buidl-the-future-coinbase-hackathon-winners-5anc  ,      2. Coindesk: Web3athon Consensus 2023 Hackathon - Price won: 2000$(Bounty) - link: https://web3athon2023.hackerearth.com/ - Bounty winners: https://twitter.com/civickey/status/1673809655607468032?t=yhbhLgNCo2S29QoPK_Rkgg&s=19  ,       3. Moonbeam: Bear Necessities Hackathon -Price won: 2000$ - link: https://moonbeam.hackerearth.com/ - winners: https://moonbeam.network/announcements/beary-delightful-meet-the-winners-from-the-bear-necessities-hackathon/  ,       4. Onyx: Digital Identity Hackathon - Price won: 1050$ - link:  https://www.blog.encode.club/digital-identity-hackathon-sponsored-by-onyx-by-j-p-morgan-prizewinners-and-summary-5edbfc178f0d?source=friends_link&sk=aaf28b514ebf7cc31c879b3eca77bc70", "hidden": false, "question": "Which Hackathon did you Participate in?  Please provide the name and a link to the event.", "questionId": 15}, {"type": "short-answer", "answer": "https://www.hackerearth.com/@stable1 - This is HackerEarth user account showing the three hackathons submitted to and won ,      https://buidl-the-future.hackerearth.com/challenges/hackathon/buidl-the-future/dashboard/42c392f/published/stable-borrow/team/  ,       https://web3athon2023.hackerearth.com/challenges/hackathon/consensus-2023/dashboard/3d7173d/team/  ,      https://moonbeam.hackerearth.com/challenges/hackathon/moonbeam-hackathon-2/dashboard/2ddfaf0/team/", "hidden": false, "question": "Include a link to your Hackathon project page showing your proof of participation, e.g., Buidlbox, Eth hackathon, Backdrop, etc.)", "questionId": 16}, {"type": "short-answer", "answer": "We built a project capable of changing web3 space by onboarding millions of web2 users with our swift UI/UX designs, and Unique protocols embedded in our smart contracts. We designed, implemented and built a platform that gives users ability to borrow Stable Coin(STC) a fully decentralized and stable ERC20 token pegged to 1 USD in an overcollateralized manner. To ensure STC is stable all the time, we included a Gamefi protocol that allow users earn as they play on our platform by hunting vaults in liquidation, this also serves as security protocol that basically pays users to regulate the platform so it's safe to use for all of us. We deployed our native token(STB) as well which have various utility purpose and most importantly governance. We have unique soulbound and tokenization protocol that work hand in hand with borrowing of STC in a way that vaults in liquidation are tokenized and can be added to cart by investor to help payoff debt/betting against the vault collateral price and them various ability to earn. Our soulbound mechanism makes it possible for users  have identity and build reputation on web3. Lastly, during various hackathons won, we were able to expand the team from 2 members to 5 members which includes 2 Fullstack developers, 1 frontend developer, 1 UI/UX designer and a Social Media handler/Community manager. and we are constantly working with our roadmap to ensure we hit all our major milestones.", "hidden": false, "question": "Describe the project you developed during the hackathon. Highlight how your project offers innovative solutions or prototypes.", "questionId": 17}, {"type": "short-answer", "answer": "Our Mission: Building the next 1 Million(Daily Active) Users Web3 Project through Secure Protocols embedded in Smart Contracts and UI/UX that brings that Web2 feeling to Web3.   The problems we aim to solve:  1. Defi related problems:  \ti. Despite having great DeFi projects on various Blockchains, Ecosystem and Protocols, not knowing what to wake up to when it comes to token prices, or entity to trust due to rugpull, scams and fraud are main  reasons why cryptocurrencies and DeFi as a whole is not as widely accepted as we all wanted it to be. Imagine me not wanting to save cash in bank due to bad economy of my country and how bad my country currency is performing against other currencies which i don\u2019t have control over, and I buy a token with my money just to wake up to -30% of the money I planned to save from bad economy, if existing DeFi/Web3 users go through this problem how do we convince new users to join us?  \tHow Stable Borrow Solve this: Using STC, Stable Coin($STC) is a fully decentralized multi- collateral backed cryptocurrency whose value is stable relative to the US Dollar. The value of STC is designed to remain stable, with a slight to no fluctuation allowed around the target value of 1USD.  \tii. While cryptocurrencies like Bitcoin(BTC) and Ethereum(ETH) succeed on a number of levels, They fall short as a means of exchange because they are volatile(their price is not stable, frequently goes up and down) which hinders mainstream adoption of cryptocurrency as a form of money. Many centralized entities have come up with various mechanisms to help solve the price volatility issue of cryptocurrency by creating stable cryptocurrencies like USDT, USDC e.t.c that are backed with fiat-money like USD and precious metals like gold. As their tokenomics proves to be effective they defeat the purpose of decentralization because the money and precious metals used to tie the worth of these tokens are controlled by a centralized body which is not transparent enough to let us know if these cryptocurrencies are truly stable.  \tHow Stable Borrow Solve this: Stable Coin(STC/$STC) succeeds where many cryptocurrencies(stable or not stable) failed, primarily because STC is meticulously designed to minimize price fluctuations. Serving as a fully decentralized, impartial, multi collateral-backed cryptocurrency softly pegged to the US Dollar which is not controlled by any centralised body and also proves it's value, STC\u2019s intrinsic value lies in its stability. 2. Identity and Reputation on web3: Building a reputation is one of the things Web3 lack due to the anonymounisity and user being able to own different wallets, many Web2 users use social media to build their reputation and influence on social media. How do we intend to get next 1 Million users if users can\u2019t build reputation or have achievement being tied to their identity for everyone to see, for example all harvard graduates have Harvard Certificates and like that of credit score that shows value and worth of a user as well as give then identity anyone can recognise. \tHow Stable Borrow Solve this: Our Vault/Regulatory protocols makes it possible for users to earn by keeping STC price Stable, We call such users \u201cHunters\u201d because they go and hunt for vaults in liquidation and after every successful hunt they earn regulatory fee. All Hunters(users that earn through vault hunting) are required to register as an hunter on our platform and we mint a Soulbound Token for them.The Soulbound Token can be used to store record and achievements, certificates e.t.c So, apart from earning they get to build an identity bound to their wallet to have a reputation among other users.The Soulbound Token will be minted for Borrowers(users that borrow STC) that have achieved certain milestones as well. For example, if you borrowed and paid back 100k$ it will be added as an achievement to your token which is visible to any lending protocol this can serve as your credit report.You can reclaim your identity if you lose access to your wallet and more.  3. Governance and Tokenization: Tokenization of assests is yet to be fully explored and made possible to a certain level in web3. \tHow Stable Borrow Solve this: Stable Borrow Coin($STB) is the native cryptocurrency of Stable Borrow,it serves as utility and governing token on Stable Borrow.Our Tokenization mechanism makes it possible for $STB holders/Investors to buy liquidated vaults like stocks using $STB on tokenization marketplace or by staking $STB. This helps to keep $STC stable in terms of high vault liquidation and gives investors/$STB holders ability to earn on our platform.$STB holders can govern/oversee Stable Borrow platform by making proposals and voting for proposals that will help keep the platform safe and floating.  4. Beginer Access: web3 is not beginer friendly like web2, from token transfers to DEX usage to developement and UI/UX, many web2 users finds it hard to use web3 projects. \tHow Stable Borrow Solve this: Stable Borrow give new users Beautiful UI/UX Designs that are self explanatory and  will keep them glued to their screens and simplify all Web3/Blockchain terms to lame man terms without defeating their purposes to advanced users. We made use of  customizable 3D avatars in registration portal to give our hunter(users that hunts vaults) that Gaming feeling when they hunt and earn.", "hidden": false, "question": "Describe how your project addresses clear needs within the OSS or tech ecosystem. Please elaborate on the specific challenges or gaps your project aims to fill.", "questionId": 18}, {"type": "short-answer", "answer": "MIT License", "hidden": false, "question": "What type of open source software (OSS) license(s) do you have? Is all of your code available on public repos, or is some portion of your codebase private?", "questionId": 19}, {"type": "short-answer", "answer": "1. After the first hackathon where we won 5000$: we added a fullstack developer and a UI/UX designer to the team, we changed all our designs and added logos, icons e.t.c, we implemented the new design and gives the project a new and better look, we added a new smart contract for our Decentralized exchange and integrated it to our dapp.       2.  After the second hackathon where we won 2000$: We changed our NFT token to a soulbound token which gives rise to our soulbound protocol, added tokenization to our smart contracts, new pages to dapp and prepared some documentation.       3. After the third hackathon where we won 2000$: we added a social media handler and community manager to the team, prepare our whitepaper, litepaper business plan, released MVP on moonbeam(polkadot) in addiction to our MVP on XDC we made our first online presence on Twitter and made online presence.       4. After the last hackathon where we won 1050$: we prepared more documents to start grant application, a pitch deck, in talk with Experts to get our contract audited, in talk with Civic of our partnership and in talk with HackerEarth(hackathon hosting platform) on doing a case study about Stable Borrow.", "hidden": false, "question": "What progress has your project made post-hackathon? Detail any developments, improvements, or milestones reached since the hackathon concluded.", "questionId": 20}, {"type": "short-answer", "answer": "Stable Borrow in 2023 won all the hackathons(4) we participated in across 3 blockchain which is one of our milestones and we were able to raise 10050USD and 1000 AWS credits in total which has gone into expanding the team, development, buying domain and private e-mail and small savings in case of unplanned expenses for the project next phase. We had won various hackathons and bounties directly and indirectly from these organizations: Coinbase, Coindesk, XDC Networks, Moonbeam(polkadot), Onyx by JP Morgan, Chainlink, Civic, Biconomy,  Amazon AWS, Stellaswap. We have a partnership with CIVIC and were able to get HackerEarth to work on a case study for our Project ", "hidden": false, "question": "Is there anything else you'd like to share about your project, previous work, or other affiliations? Is there anything you'd like to add that may help determine project eligibility?", "questionId": 21}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews?", "questionId": 22}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities?", "questionId": 23}], "project": {"id": "0xb26f849741c3fb1bf333429fd73f504b40bdd16f5023f9e71dd3f62a17b17e83", "title": "Stable Borrow(STB)", "logoImg": "bafkreif2hn7mroklrrdx5csynfnhjodgbgfsfvyrslpwhop7cpvie3igxq", "metaPtr": {"pointer": "bafkreian3sztqo4ovv7clakv2wmxfzmkfmwyimenrqutrxze26wk6xctq4", "protocol": "undefined"}, "website": "https://www.stableborrow.com/", "bannerImg": "bafkreihkxjdu64waukyam7eog5aobyn6iricq466zh32oryd43zdyrjpmu", "createdAt": 1714131942812, "userGithub": "Mohzcrea8me", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..YgvV2sQo03fEniWArWi-HjcQSyAV2kvT_vFpCnwi1fRzRNwAQRNxsYXdM-0a5QS4qhy7hoGPsz8vwDzgajuECw", "type": "Ed25519Signature2018", "created": "2024-04-26T11:50:50.982Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-26T11:50:50.981Z", "expirationDate": "2024-07-25T11:50:50.981Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x6E917106f09655a5Df97fd2Afdee18fC17e87596", "hash": "v0.0.0:NjC9ej+WVjQ0lFYo3IhDtjee4N1BZGqUWheyxmDQhDY=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#STB-Stable-Borrow#68813250"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..FR2TFPCaNaonidVFuBIQ4QL_0BWXihovPKTqLXOP5lT-fURzfz3P6G7aB1ajv2KFr60wnxsTAcqirzxVb5U7BQ", "type": "Ed25519Signature2018", "created": "2024-04-26T10:31:18.769Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-26T10:31:18.769Z", "expirationDate": "2024-07-25T10:31:18.769Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x6E917106f09655a5Df97fd2Afdee18fC17e87596", "hash": "v0.0.0:oEHZAMROGERovrEOpPFqnkIjNGK4qKhY4AFCPU3Wui8=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#StableBorrow"}}}, "description": "Stable Borrow(STB) is a web3 platform with inbuilt DeFi, Lending, GameFi and Dex protocols that allows users borrow STC in and overcollateralized manner, earn as the play as a gamer through vault liquidation, price regulation, liquidity provision and exchange tokens in addition to unique Soulbound token and tokenization mechanisms embedded in smart contracts that help users build identity/reputation and buy liquidated vaults like stock for profit.\n\nStable Borrow is designed around ease-of-use, decentralization, transparency and security. It is useful for all users web2 and web3 to fully exploit the blockchain technology. STB is the first lending protocol that gives all users ownership ability to regulate, keep the platform safe and earn at the same time without locking up assets or being part of the governance team. Most DeFi lenders require users to lock up a high amount of assets to earn regulatory fees which limit the platform security to few users or the governance team.\n\nOne of the unique features of STB is the ability to build reputation and have identity bound to blockchain wallets giving all users ability to rate themselves in the ecosystem through a series of financial/non financial records, achievements, certificates e.t.c attached to their wallets and recover their identity anytime they lost access to their wallets. Records bound to wallets can be used as checks/verification for hiring for a role, DeFi loans e.t.c.\n\nSTB also makes use of a unique asset tokenization mechanism that provides  users/investors liquidated vaults in form of stocks that can be bought and make profit from using STB token, this serves as a safety measure to pay off debt incurred during lending of STC in liquidated vaults. The tokenization mechanism also gives room for real world assets like land and real estate to be tokenized and acquired.\n\nIn conclusion, Stable Borrow(STB) is a decentralized platform with unique protocols built on blockchain technology and seamless web2-like UI/UX focussed on bringing millions of users to web3 by eradicating the need of centralized entities in loan/debt management, stable coin, project's security, project's governance e.t.c. It gives users ability to; borrow STC using cryptocurrency as collateral, pay back their STC debt and get collateral back, make money by managing debt through vault liquidation, buy liquidated vaults like stocks and make profit, exchange cryptocurrencies, build reputation and identity bound to their blockchain wallet, tokenize real world assets, regulate and govern the platform e.t.c seamlessly.\n", "lastUpdated": 0, "projectGithub": "STB-Stable-Borrow", "projectTwitter": "StableBorrow"}, "recipient": "0x269335F58dDa1B6Df39DFe06D45b1fC357ea5B24"}}