metadata: {"signature": "0xdd497af4e97860902351d9bc7b5ddfb7383b5a55542509432a3d395d328f5350750005c7445898f080e8797950e642434270e9a7daa752ffe635514a6fb16def1c", "application": {"round": "0x421510312c40486965767be5ea603aa8a5707983", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "VugCaFD4B0qjRQ2cfsrH1/TW/p4bgAR1f4XeZjGrxqCp2bNd57ICWfm2KsuQUPwM", "encryptedSymmetricKey": "6c4b18771bf09da6a230d877b51d0da825034c753c5a3cbb2340f8db7c0184a8feac19d93a83d8d500ca6e548840230a27f7d0ca29442175f05be02d4936a5022b5c29c31a5cb1ae4802606df29619bfa7b923df8dda69d62f1cdec231f38e85a2d1bbb13567def0a6dfa51d74d4a00b68e9b532c781556acc4b75e67d750a67000000000000002036d38478cd5d9b797503792cd93f66f3b05b8cbcf27427e1c5bf00c1a05c66769b273ad88e592a2b7f816a46b6c4b6a5"}}, {"type": "short-answer", "answer": "Grants only", "hidden": false, "question": "Previous Funding Sources (VC, Token Sales, etc)", "questionId": 1}, {"type": "number", "answer": "20.000", "hidden": false, "question": "Total Prior Funding for Project (in USD)", "questionId": 2}, {"type": "number", "answer": "7", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "number", "answer": "12", "hidden": false, "question": "How old is the project (in months)", "questionId": 4}, {"type": "address", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 5, "encryptedAnswer": {"ciphertext": "ZneUHpUXkV7a/4ed0AHLrBVpqnHhdGhLaAfnuoI7prA=", "encryptedSymmetricKey": "5a836c69d4fb366e57906117dbe079e7ce9852125929c42b8562e56fa7d25f826c6f2a4c8417e09bbc8a41d11106a201bd0970f97f7b6c8427bc5e298a3c856c23fb7b55bce4e6959c534122f8595f8cac0df8e8336bc42e012c7aa2df95c8a10f1380055457cd61f7c6ddb9d40354ba1872c83f327e0ced43b37a929a830df0000000000000002039c6e798de89034e50f6e164513928e2502a3cc192c9a032085c97cf0273e7edd3384c08238f0b3dd3f2e2534b91adae"}}, {"type": "paragraph", "answer": "- [Robin Klemens](https://twitter.com/crob_21)\n- [Johannes Pulsfort](https://twitter.com/jpulsfo)\n- [Martin Krung](https://twitter.com/martinkrung)", "hidden": false, "question": "Social media handles of other main team members publicly associated with project", "questionId": 6}, {"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/Gitcoin-Grants-Beta-Round-Eligibility-b7fca9fd3c26450b89ded11caaa6497f (copy and paste link into your browser)", "questionId": 7}, {"type": "paragraph", "answer": "KUMO is the only 100% nature-backed stablecoin that is powered by loans against nature-based assets like carbon credits and renewable energy certificates. \nWe enable project developers to draw interest-free loans against carbon credits to finance new projects without needing to sell when the market doesn't meet the required price. ", "hidden": true, "question": "Please describe how your project meets the round eligibility criteria. ", "questionId": 8}, {"type": "paragraph", "answer": "The alpha round allowed us to develop, test and refine our platform, establish initial partnerships, and gain valuable insights from users.\n\nWith your support, we have achieved the following milestones since the alpha round:\n\n - Built a core team of 7 individuals\n - Completed development and testing of the Alpha version of the [KUMO dApp](https://dev.kumo.earth/dashboard)\n - Incorporated feedback from 70 community testers of our dApp\n - Secured agreements to work with 5 pilot customers (project developers & impact investors)\n - Secured $1m in Total Value Locked (TVL) from liquidity providers", "hidden": false, "question": "Please share any new updates or milestones from the prior season.", "questionId": 9}, {"type": "paragraph", "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 has not been covered?", "questionId": 10}, {"type": "multiple-choice", "hidden": true, "question": "Does 50% of your team reflect the diversity of the community your project serves with a particular emphasis on including women, Black, Indigenous, and People of Color (BIPoC), individuals with disabilities, and members of the LGBTQ+ community?", "questionId": 11, "encryptedAnswer": {"ciphertext": "9yTQ54croaFMalgTJZxwbPNXgJpXfaOLajfq5t4EHtY=", "encryptedSymmetricKey": "ba5637b63e7a3633c003d2a386e7a8ed9fa7e8416418e54da35b70e6bf444c6bbedbbda82a620d5a305ad8d7b6946d14b387bf19d867f93ed0d609717d778e0b1895f90fcaf67589fdeda31a696781296ddf5c6b05ec893f0759b0c5e401f3a19ea30bef9d9a4affde2a474942f13f16c10b9588ccf5e2bd4ffea34c993f5f9d0000000000000020dee1224778348cace840a0285271bad885ce19bda9b2dd55525798ec3f4aa3419d40669d93567f4077a7f7d73c2a48b9"}}], "project": {"id": "1:0x03506eD3f57892C85DB20C36846e9c808aFe9ef4:559", "title": "KUMO - Money Backed By Nature", "logoImg": "bafkreie6b6z4edaep6tvt2u4v7cb3mawi7dxgc4jlbrvb26oas7hbblbwe", "metaPtr": {"pointer": "bafkreigaajrsoi7ahq7eh66ed2hyvwlieohjgb6zlvsmrjnz5kzz2orube", "protocol": "1"}, "website": "https://kumo.earth", "bannerImg": "bafkreihgzlmp3tuitua662jw5ialr4z2uwvyaz7xd4vlqwerplus3k5wu4", "createdAt": 1681925670815, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..IRyhbANRsVoxUU5MbBy7N83H03X-S82sQSOqXwdQFuQZOVrr8UCnYVM62JNYhIb2Tb38zWwyKlphNtBtOk-wBg", "type": "Ed25519Signature2018", "created": "2023-04-20T09:08:06.910Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-04-20T09:08:06.910Z", "expirationDate": "2023-07-19T09:08:06.910Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x4cae80e11fB1fd5C5b18550dA7e7A026F12c4cAF", "hash": "v0.0.0:nLL2MMkVPvlZNtOOhxWsRNys4g53Lz9wIzF1tBqOgcg=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#kumo_earth"}}}, "description": "KUMO is the MakerDAO for nature-based assets. By creating a nature-backed stablecoin, we\u2019re turning the mere act of owning a dollar into climate action.\n\nOur product is composed of two key components:\n\n - **KUSD - the only 100% nature-backed stablecoi**n. KUSD is an over-collateralized stablecoin backed exclusively by nature based assets (NBA) like carbon credits and Renewable Energy Certificates (RECs).\n - **KUMO borrowing protocol**: KUMO enables project developers to draw **interest-free loans against their carbon tokens**, providing a unique solution to pre-finance their climate projects.\n\nIn the Alpha Round, KUMO received funding which was utilized for product development and team compensation. With the MVP built and tested, and promising results from pilot customers, KUMO is now seeking additional funding to further its mission of integrating climate finance into the fabric of our economy.\n\n\n## What we\u2019ve achieved \u2705\nThe alpha round allowed us to develop, test and refine our platform, establish initial partnerships, and gain valuable insights from users.\n\nWith your support, we have achieved the following milestones since the alpha round:\n\n - Built a core team of 7 individuals\n - Completed development and testing of the Alpha version of the [KUMO dApp](https://dev.kumo.earth/dashboard)\n - Incorporated feedback from 70 community testers of our dApp\n - Secured agreements to work with 5 pilot customers (project developers & impact investors)\n - Secured $1m in Total Value Locked (TVL) from liquidity providers\n\n\n\n## What\u2019s coming up - our roadmap \ud83d\udee3\ufe0f\n - **Product:** Following beta testing and external security audits, we\u2019re targeting the public launch of v1 of the KUMO dApp for late Q2. In addition, we have a number of exciting developments lined up, including a price feed module and integrations into other ReFi applications.\n - **Protocol Growth:** We\u2019re targeting $5m in TVL of Nature-Backed Assets in our protocol prior to launch. In addition, we\u2019re seeking to grow the supply of KUSD to 10m and set aside funds to ensure liquidity for project developers & corporate purchasers using our platform.\n - **Marketing:** As part of growing the awareness of KUMO, we will be participating in ReFi and relevant carbon market events. We also seek to further bolster our online presence, content creation, and social media presence.\n\n#\n\n**\u2728 Join Us!!!**\n\n*Join us in our mission to integrate climate finance into the very fabric of our economy and make climate action inclusive and effortless !*", "lastUpdated": 0, "projectTwitter": "kumo_earth"}, "recipient": "0x4cae80e11fB1fd5C5b18550dA7e7A026F12c4cAF"}}