metadata: {"signature": "0x8367859d8f2b663f3e1adeeafa80858b983a44bb900fd2621b0a080c9399ae6272efc940fe5f832136c4d221305640e982662ce8fb622e6c35af420ec3483bff1b", "application": {"round": "0xd4cc0dd193c7dc1d665ae244ce12d7fab337a008", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "blCe+mL+j7tpUr7LK3Fi/UKUHt7raTpam2MMJgegO91/Iwx3SISJ7bQoT+gXg+Kg", "encryptedSymmetricKey": "c3f9fff317ab9e0c8911ac4dd7032f6f9b48d08c51eeca3eac1d7fe93458cc6ce6aa7b85f6e87dd4bda1e37862d52709c5047c98348c3e7e619efaa46b6dbba7a35f2ffaebd2f436fee8272d54fddab929f684e3f3f0b4a08a6d88e2980bfab13dfcce2ffbb22b2175e1b6eafcb169a783570db63199e9345d4d790b6aab9b3f00000000000000207121bffc118e8b9b05bce926c55acfe1e262a82ab88b3b004c3fa07ae946c2d78dad0d57ae69a6ca1f5107fb1a76f08d"}}, {"type": "short-answer", "answer": "sid9789", "hidden": false, "question": "Telegram Handle (you can answer N/A)", "questionId": 1}, {"type": "short-answer", "answer": "https://discord.gg/oxolive", "hidden": false, "question": "Link to your Public Group Chat (Discord or Telegram )", "questionId": 2}, {"type": "paragraph", "answer": "Olive Finance's open-source software significantly contributes to the evolution and enhancement of the wider Web3 ecosystem in several ways:\n\nInnovation in DeFi Products: By offering leveraged yield farming and lending products, Olive Finance introduces innovative financial tools to the DeFi space. This not only attracts more users to the Ethereum ecosystem but also encourages other projects to innovate and improve their offerings.\n\nEnhancing Liquidity: Olive Finance's leveraged yield farming solutions increase the liquidity available in the Ethereum ecosystem. Higher liquidity is crucial for the efficiency and stability of decentralized markets, benefiting a wide range of DeFi protocols and their users.\n\nInteroperability and Cross-Chain Solutions: As Olive Finance expands to support multiple chains, it contributes to the interoperability within the Web3 space. This fosters a more connected and efficient blockchain ecosystem, allowing for seamless asset transfer and interaction between different networks.\n\nCommunity-Driven Development: Being an open-source project, Olive Finance allows for community contributions, leading to a more diverse and robust development process. This collaborative approach can lead to more innovative solutions and a stronger sense of ownership and engagement within the community.\n\nEducation and Adoption: By providing an accessible platform with user-friendly interfaces, Olive Finance helps in lowering the entry barrier for new users entering the DeFi space. This is crucial for the broader adoption of Ethereum and Web3 technologies.\n\nSecurity and Trust: By maintaining an open-source codebase, Olive Finance allows for greater transparency and security. Community audits and reviews can help identify and rectify potential vulnerabilities, enhancing the overall trust in the Ethereum ecosystem.\n\nEconomic Growth: By enabling more efficient and diverse financial strategies like leveraged yield farming, Olive Finance contributes to the economic growth within the Ethereum ecosystem, attracting more capital and participants.\n\nSetting Industry Standards: As Olive Finance innovates and grows, it can set new standards and best practices for DeFi protocols, contributing to a more mature and sustainable ecosystem.", "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": "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": 4}, {"type": "paragraph", "answer": "The impact of a project like Olive Finance can be measured through a variety of metrics and examples that reflect its growth, user engagement, and contribution to the DeFi ecosystem. Here are some standard metrics and examples that could be used in future impact reports:\n\nTotal Value Locked (TVL): This is a primary indicator of the protocol's adoption and trust within the DeFi community. An increasing TVL signifies that more users are depositing their assets into Olive Finance's platforms, indicating growth and impact.\n\nUser Base Growth: The number of active users, new user registrations, and community members across platforms like Discord, Twitter, and Telegram. For example, doubling the Twitter following from 30k to 60k in one month.\n\nTransaction Volume: The cumulative value of transactions processed through the protocol, which can indicate the protocol's utility and activity level.\n\nLending and Borrowing Volumes: Specific to Olive Finance's offerings, the amount of assets lent out and borrowed can show the protocol's impact on the lending and yield farming sectors.\n\nPartnerships and Integrations: The number and quality of strategic partnerships with other protocols and infrastructure projects, which can enhance the protocol's capabilities and reach.\n\nProtocol Revenue: Fees generated from the protocol's services, which can be reinvested into development or distributed to token holders, contributing to the protocol's sustainability.\n\nGovernance Participation: The level of community involvement in governance proposals and voting, reflecting the project's decentralization and community engagement.", "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": "0", "hidden": false, "question": "Total Prior Funding for the project in USD", "questionId": 6}, {"type": "checkbox", "answer": ["N/A"], "hidden": false, "question": "Which of the following funding sources have you received? Check all that apply", "questionId": 7}, {"type": "number", "answer": "10", "hidden": false, "question": "Total Team Size", "questionId": 8}, {"type": "number", "answer": "21", "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": "N/A", "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": "N/A", "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": "bG0s/99BtZt2tT2HPFDgcIvtFE4XnDp92NfBqlU+10g=", "encryptedSymmetricKey": "d485ecc4d818e149885181d3584dcc0ca608dabacbb2d2c6f93e976d869f6a6e580522344e624c1b9975488cb9940b0f685d429372d795ce12b9f6bdf805faae7550e0ff57aa0ea78d749372696391e2d0d1fb80aefe1d67d875651a62c5df95d5877b633b47eaadd198dfab330abb3fc566b7d12b485dc13131f654d394a0420000000000000020075c1ca5ecacefe321aac4d7836d811c3ce94fd60b54d62767f83891e835eff70d982809060c0b2466927aa23d5742b6"}}, {"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": "PE0LIPOLNDIfK1Iz5fPx8P1dGtEXKEJdN24l34UWp2U=", "encryptedSymmetricKey": "9a70ef6b9ed0f69edd0216a9af4ab98f6c3ec7728dba9060a2788bee9de620b0b78ccfd8b0c00cb1c03f29776ce1b2093de006dae67452378f4498b991fab48356fbad3ad1c49d4ab67b07d618ce838470abc38c9787ec4867177d3c59dde881db5e279731d156faee1178766d2ae663c7be00e8c04be0bc48f7d189704d1331000000000000002052e4c07c5eb9147e3e0af796c63fddfdbcca39b97588635839f2e6e384494335fb408c5e3288f6609d8a8b667802db97"}}, {"type": "multiple-choice", "answer": "Asia", "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": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:188", "title": "Olive Finance", "logoImg": "bafkreidasqfcbsoy2sdyiv5ij2p5lx2cz74jlwol6x2yq6muzsiipa3sgy", "metaPtr": {"pointer": "bafkreiakscld3cr5aah73yhedyhl7djraogbdu3tdpeeht5p6vwawnkyby", "protocol": "1"}, "website": "https://Oliveapp.finance", "bannerImg": "bafkreiebzcxugt4i3glyjhjtk4mfi25odicsvgkv64xdwx65puyj4jupou", "createdAt": 1699452962073, "userGithub": "Ash-code183", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..Ac77y2BRujjBtVmmdgsuTJkQLuQvWzg86OFNBlXIQTihd3phIyjjpr5O0NF1ANWzFM60ta1W1DL2FQhxiBPHBw", "type": "Ed25519Signature2018", "created": "2023-11-08T14:45:26.343Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-08T14:45:26.343Z", "expirationDate": "2024-02-06T14:45:26.343Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x488011d9F80E6EA47AB79A531464C6118e37bF6E", "hash": "v0.0.0:bLK3U7kMoD6wdZVReMcDdDXO88BuAXbi1O2pSIaaBtQ=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#Olive-Finance#129639189"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..MlDqzqX_D3o_F-a4q1J6HAPXaANbtXBw2dcHPvCcR_K5yX6IR1NoSEDRyviyocF199H_Pvc_9O_yGxTw6KJfAw", "type": "Ed25519Signature2018", "created": "2023-11-08T14:10:50.847Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-08T14:10:50.846Z", "expirationDate": "2024-02-06T14:10:50.846Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x488011d9F80E6EA47AB79A531464C6118e37bF6E", "hash": "v0.0.0:Cx8Rf2WvjUtbZ6FBpC+/BI+sMYcMmA4kqZmnjQ2iuzw=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#0xOlive"}}}, "description": "# Olive Finance: Supercharge Your Farming with Up to 10x Leverage #\nOlive Finance boosts your yield farming by letting you farm with up to 10 times more money than you put in. It's like supercharging your investment to grow your returns. People can lend their crypto to Olive, and farmers can use it to farm harder. Lenders get steady earnings, and farmers get a chance to make more from their farms. Olive is building a decentralized financial ecosystem where you can lend, borrow, farm, stake, and pay easily, starting with this powerful farming tool.\n### Vision for a Decentralized Financial Future ###\nOlive Finance is laying the groundwork for a decentralized financial ecosystem that mirrors the services of a traditional bank while eliminating intermediaries and providing users with full control over their financial operations. Our vision is to integrate a variety of financial services into a single, seamless platform that operates across multiple blockchains, ensuring accessibility, inclusivity, and efficiency.\n### Comprehensive Financial Services ###\nAs we build towards revolutionising the global payments infrastructure powered by DeFi, our services will expand to include:\n1. Lending & Borrowing: Users will be able to lend their assets to earn interest or borrow against their holdings with ease.\n2. Staking: Olive Finance will offer staking services, allowing users to earn rewards for securing the network.\n3. Payments: A seamless integration between crypto and fiat, thus solving one of the biggest problems in bringing the next billion users to Web3.\n4. Asset Management: Tools for managing and optimizing digital asset portfolios will be developed.\n### Utilization of Grant Funds ###\nThe grant funds will be strategically utilized to:\n1. Develop Omni-Chain Infrastructure: To support a multi-chain future, ensuring that Olive Finance can operate across different blockchain networks.\n2. Expand Financial Services: To introduce new services like asset management, broadening our offerings.\n3. Enhance User Experience: To create an intuitive interface that caters to both novices and experienced users.\n4. Security Audits: To conduct rigorous security audits, ensuring the safety and integrity of the platform.\n5. Community Building: Our community is at the heart of Olive\u2019s constant development and growth. The protocol is entirely community led given the strong ethos that is strongly embedded deep within the founding team. 500+ contributors actively contribute towards the progress and development of the protocol.\n\n\n\n### The Olive Finance Advantage ###\nOur platform's key advantages are designed to empower users with a full suite of DeFi tools:\n1. Amplified Yield Farming: The first step in our suite, offering up to 10x leverage on yield farming.\n2. Optimized Returns with Auto-Compounding: Maximizing earnings through smart reinvestment strategies.\n3. Stable Borrowing Mechanism: A foundational feature for our lending services, providing stability in a volatile market.\n4. Competitive Lending Rates: Ensuring that our lending services are attractive to users seeking passive income.\n### Olive Roadmap ###\nQ4 2023: Launch of Olive V2 with enhanced yield farming and borrowing features.\nQ1 2024: Introduction of staking and initial payment gateway features.\nQ2 2024: Beta release of asset management services.\nQ3 2024 and beyond: Full integration of omni-chain functionality and expansion of financial services.\n### Collaborations and Partnerships ###\nOlive Finance recognizes the power of strategic alliances in the DeFi space. We are already closely working with established protocols such as GMX and Pendle to enhance our leveraged yield farming offerings. Our collaboration with LayerZero is pivotal for achieving seamless omni-chain interoperability, a core component of our decentralized banking infrastructure.\nOur commitment to partnerships reflects our dedication to community-driven development and the shared goal of advancing the Web3 ecosystem. By joining forces with these and other innovators in the space, Olive Finance is set to become a cornerstone of the decentralized banking world.\n", "lastUpdated": 0, "projectGithub": "Olive-Finance", "projectTwitter": "0xolive"}, "recipient": "0x5eD495A4bA390B0bc3A885EBc0e09ab5E7C47f6d"}}