{"signature": "0x22140acf674a1e4af2ab7a3fcf8f47e6aaab23ffc960719b53d18f1cd46604031522dda1fdfee1c21ad92a778b815f1f7c4d910b55574f6986e5972631d36f531b", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "9+mw7waWeMDBhvbFGtrsZo9itWEIFlDeTOJfmfNSh4GecpFQOGNSHD3iWkZaruZp", "encryptedSymmetricKey": "c8116e9d419946448557821b5ab1a70a991c702eec3724ffab16bf55f300540e50e5c9dbd3392feec9c250367db31b1717a4c9e9bbac635e05b0e31ffda3d18f17f8eb8b5d93bbab3f3a2d89cbc74f29f6087713a10f900249d564f8a28e61a5a4b06f463aadeeffceaacc42cde03c8706fa0beed7228b5e4d31d15b6153ae9c00000000000000201bcf9d55674dff74c5ecf4c5fc68169021b214777eba3b0806b2e16fdd1da2deddf04af0593a378f74d9dc2b29c6718a"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "SF+IjQHqqRaiK/vnLSrznQsJ+d22PykJfREoElwVyIc=", "encryptedSymmetricKey": "9448f710aa9c229a64e08cea5623def2600acbed3eea3acb93fd9bc7f1fc65350458ad2857785db800a214eb56305f19b6c6bd423e101f672e0e6a887b2a2e330a6785e13056e5504bd4f5a20e3c156731812424ee1c3eec215e693ca22d499451ff89cdb9bbfc8c6bbe15a1eae2efdf615294de68617b8e7460d89559b0ac770000000000000020dbf3ef4970e3d9d10538d8e0f333e7201289f28b350c8e0abf53a65d67b5b6fbd5b22ab8d5e233a6573928a3ce15fbb6"}}, {"type": "link", "answer": "https://github.com/Quantum3-Labs/Stormbit-monorepo", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "2", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "mrhouzlane - 0xF99aF52Ab7bbd7535797538946aBa7958a2DAD8, \njrcarlos2000 - 0x4bdB8234AD81F26985d257F36a2d2d8c30365546", "hidden": false, "question": "List the Github Handles and Wallet Addresses of Each Team Member (e.g. owocki - 0x123, kbw  - 0x456):", "questionId": 4}, {"type": "paragraph", "answer": "mrhouzlane : @Mehdi96_ \ncarlos : @jrcarlos2000 ", "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": 5}, {"type": "link", "hidden": false, "question": "Link to your Public Group Chat (e.g. Discord or Telegram)", "questionId": 6}, {"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": 7}, {"type": "address", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 8}, {"type": "paragraph", "answer": "https://defillama.com/protocols/Lending", "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": 9}, {"type": "paragraph", "answer": "0", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "answer": ["Sales"], "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply", "questionId": 11}, {"type": "number", "answer": "4", "hidden": false, "question": "How old (in Months) is the project?  ", "questionId": 12}, {"type": "multiple-choice", "answer": "Asia", "hidden": false, "question": "Location/Region where the project is based ", "questionId": 13}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? ", "questionId": 14}, {"type": "short-answer", "answer": "No", "hidden": true, "question": "Are you applying for any other OSS rounds in GG20? (Reminder: you can only be accepted into one) ", "questionId": 15}, {"type": "paragraph", "answer": "Stormbit is a blockchain-based peer-to-peer lending platform that innovatively addresses the financial inclusivity gap in emerging markets. By offering customizable loans, superior yields, and leveraging DeFi technologies, Stormbit provides an alternative to traditional banking systems that often fail to serve underbanked populations. Its unique selling point lies in its ability to offer undercollateralized, NFT-backed, and tailor-made lending solutions, enabling users to access financial services that are more flexible and accessible than ever before. Stormbit tackles the inefficiencies of existing financial infrastructures by harnessing the power of blockchain, thus democratizing access to capital and fostering economic growth in regions most in need. ", "hidden": false, "question": "Please describe your dApp or App, focusing on its innovative utility or service within the ecosystem. Highlight the problem it solves or the need it addresses.", "questionId": 16}, {"type": "paragraph", "answer": "Stormbit enhances the Web3 user experience through innovative features and thoughtful design choices. It introduces unique IDs (e.g., <name>.stormbit) for easy identification and interaction within the ecosystem. A dedicated block explorer allows for transparent viewing of borrower details, enhancing trust and decision-making. The application offers advanced metrics for both lenders and borrowers, enriched with pools diagrams and graphs directly in-app for insightful analysis. Additionally, integration with Particle for authentication streamlines access by using familiar Web2 login methods, lowering the entry barrier for new users and simplifying the overall experience.", "hidden": false, "question": "Describe how your application improves user experience in the Web3 space. Include any specific design choices or features that enhance accessibility and practical utility.", "questionId": 17}, {"type": "paragraph", "answer": "Stormbit targets emergent countries, focusing on enhancing financial inclusion by bringing blockchain-enabled lending to regions with limited access to traditional banking. It specifically aids small and medium businesses (SMBs) by offering customizable loans that don't require conventional collateral, thus democratizing access to necessary capital. The platform not only provides financial resources but also educates its users on leveraging on-chain credits, promoting a deeper understanding of decentralized finance (DeFi). By empowering individuals and businesses with knowledge and tools, Stormbit aims to foster economic growth and stability in these communities, making a tangible impact on local economies and contributing to the broader goal of financial literacy and inclusion.", "hidden": false, "question": "In what ways does your project contribute to financial inclusion, education, or social impact? Explain the specific areas of impact and the target audience or communities you serve.", "questionId": 18}, {"type": "paragraph", "answer": "all in public repos : \n\n\n\n\nLicenses : MIT \nhttps://github.com/Quantum3-Labs/Stormbit-monorepo\nhttps://github.com/Quantum3-Labs/Stormbit-contracts", "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": "paragraph", "answer": "Stormbit's development is progressing with a completed user interface and ongoing integration of the initial smart contract versions for borrowing and loan approvals. The immediate focus is on building diamond contracts to optimize smart contract management and ensure scalability. These steps are critical for launching core lending functionalities and enhancing platform flexibility.\n\nRoadmap : \n\nQ3 2024 : Beta testing with borrowers : \n- own funds lending pool \n- defined user base \n- custom lending infra launch \n\nQ1 2025 : Beta testing with lenders \n- Continue beta testing with borrrowers\n- Get in touch with private lenders in targeted markets\n- Reward lenders as early users with locked protocol rewards \n- Offer 1-1 guidance and marketing to lenders through local experts ", "hidden": false, "question": "What stage of development is your application currently in, and what are your immediate next steps? Provide a roadmap or development timeline if available.", "questionId": 20}, {"type": "paragraph", "answer": "The funding from this round would be pivotal in advancing Stormbit's development and achieving our strategic goals. Here's how we plan to allocate the funds across key areas:\n\nDevelopment: A significant portion of the funding will support the continued integration and refinement of smart contracts, especially focusing on the development of diamond contracts for enhanced scalability and flexibility. Additionally, funds will be allocated to support the beta testing phases with both borrowers and lenders, ensuring the platform's stability and user-friendliness.\n\nUser Research: Funds will be dedicated to conducting comprehensive user research within our target markets, particularly focusing on emergent countries. This research will gather insights into the needs and behaviors of both borrowers and lenders, guiding the refinement of Stormbit's features and user experience.\n\nCommunity Building: To foster a strong and engaged user base, resources will be invested in community building efforts. This includes outreach to potential private lenders in targeted markets, organizing educational initiatives to increase blockchain and DeFi literacy, and establishing a system of rewards for early users to incentivize participation and feedback.\n\nMarketing and Local Expertise: To effectively reach and serve our target audiences, a portion of the funds will be used for marketing efforts and to hire local experts. These experts will provide 1-1 guidance to lenders, helping them understand the value of Stormbit and navigate the platform effectively. ", "hidden": false, "question": "How would funding from this round support your project's development and goals? Outline specific areas where the funds would be allocated (e.g., development, user research, community building).", "questionId": 21}, {"type": "paragraph", "answer": "We are discussing with Karma3Labs for futur integration of trust score mechanism to assess a \"trust\" metric for  borrowers. ", "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": 22}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews? ", "questionId": 23}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? 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