{"signature": "0xb7569feee638969d0cff86fb0b7e14bcf3ce80764a19edb0d580383b631fd4904d3510526063f1a168b81f451bc8057f64c8f6e89090c7ecc1fcd33e92e74cba1b", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "ESsBwLgZHJqXk+0aPAvV0c++c4F2nZNuwh79v2x0Od4CAg/sYer/9dOXaU95i3Qj", "encryptedSymmetricKey": "bcd961fed5372fe327834a75f6ec78a1320b27c491095fc35e7ad0b2c8083dafe772445212d057e1dd00b79c58c091157e904a4a2fdf53acf235c6d16e0f79c5f4384b5f1783e310ea50604f96d353b9f5bf9ae7e023e46685002862143a8d893566e45eb2d3c796d8ec7321b1b880426218151eb2c2fd6da14f37f995f8770d0000000000000020f7d05a9f2a5ba8703f0680d9c9c13a1d659b61c8fc3176b0485375ad7598e7e94331d194a1171b8e2c91986ebc5625b1"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "0n/ZUwcYKjia3onB5ryIry9BZ7I6naqxJdT35fnI3yk=", "encryptedSymmetricKey": "061f707e85d10959824aa51e4e20f8148ca0a8eb029671015c52b658a85c2979bb5f20f33513aaa8259d76ae285aae191a3fce2e9abccb000850db869347c235d630eee121e562f6e961707af645d5e530d8215bad33c7bb8bc48250f0993a901b88441e99b1c9acd7a784fc34e8b3945ace71bab37f3a260937090709455a530000000000000020e66cf223e3bfddae0246be90dd1559b22090b5bafd2389fdcf7c5ff3b14e1c8f8e01fe8fa1a6d4cd702ecc89eccd2c86"}}, {"type": "link", "answer": "https://github.com/cryptolight-io/ArbiBay", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "3", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "MarkusWirth - 0x639C0403097Da4B3d08D71c483Cc19FafF0b07d7\nStefan - 0x639C0403097Da4B3d08D71c483Cc19FafF0b07d7\nDaria - 0x639C0403097Da4B3d08D71c483Cc19FafF0b07d7", "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": "Markus - Twitter: @lyx_oracle\nDaria - Twitter: @dariaonchain", "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": "We did not participate in past grants", "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://cryptolight.io/", "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", "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply", "questionId": 11}, {"type": "number", "answer": "0.5", "hidden": false, "question": "How old (in Months) is the project?  ", "questionId": 12}, {"type": "multiple-choice", "answer": "Europe", "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": "ArbiBay is a pioneering decentralized application (dApp) that offers a unique utility within the blockchain ecosystem. It addresses the need for a user-friendly and secure platform for managing diversified portfolios of financial assets on the Arbitrum chain. Here's a detailed description of its innovative service:\n\n**Smart Contract Design:**\nArbiBay's smart contracts are engineered to emulate traditional ETFs, providing users with the opportunity to invest in various cryptocurrency bundles. These contracts facilitate automatic rebalancing, dividend distribution, and risk management, solving the problem of complex and time-consuming portfolio management in the decentralized finance (DeFi) space.\n\n**User Experience and Usability:**\nThe platform is designed with the user in mind, ensuring an intuitive and seamless experience. With features like one-click investment and real-time insights, ArbiBay simplifies the process of investing in DeFi. The inclusion of robust security measures like multi-signature wallets and regular audits addresses the critical need for trust and safety in digital asset management.\n\n**Creator Access:**\nArbiBay empowers not only investors but also creators. By allowing users to design and share their own portfolios, it fosters a community-driven environment where knowledge and strategies can be exchanged. Creators can earn from the portfolios they design, incentivizing innovation and participation in the ecosystem.\n\nIn essence, ArbiBay's service is innovative in its approach to simplifying and securing the investment process in DeFi, while also creating a collaborative platform for both investors and creators. It stands out by solving the dual challenge of accessibility and security in managing crypto index funds.", "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": "ArbiBay significantly enhances the user experience in the Web3 space through a combination of intuitive design and innovative features that prioritize accessibility and practical utility. Here's how ArbiBay stands out:\n\n**Intuitive Interface:**\nArbiBay's interface is designed to be user-friendly, making it easy for both newcomers and experienced users to navigate. The simplicity of the design choices ensures that users can effortlessly create, manage, and track their portfolios without the need for extensive technical knowledge.\n\n**One-Click Investment:**\nThe platform offers a one-click investment feature, which streamlines the investment process. This allows users to quickly invest in pre-defined portfolios or customize their own, making the entry into DeFi investment straightforward and efficient.\n\n**Real-Time Insights:**\nArbiBay provides live performance metrics, historical data, and detailed asset allocation information. This transparency and availability of information empower users to make informed decisions and adjustments to their portfolios on the fly.\n\n**Security Measures:**\nRecognizing the importance of security in the Web3 space, ArbiBay implements stringent security protocols, including multi-signature wallets and regular security audits. These measures enhance the trustworthiness of the platform and provide peace of mind for users.\n\n**Community-Driven Approach:**\nBy enabling portfolio creators to share their strategies and earn from their creations, ArbiBay fosters a collaborative environment. This not only improves accessibility by allowing users to leverage the expertise of others but also adds practical utility by encouraging a diverse range of investment strategies.\n\nIn conclusion, ArbiBay's application improves the Web3 user experience by offering an accessible, secure, and community-focused platform for decentralized asset management. Its specific design choices and features address the core needs of users in the ecosystem, making it a practical and valuable tool for anyone looking to invest in DeFi.", "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": "ArbiBay contributes to financial inclusion, education, and social impact in several meaningful ways:\n\n**Financial Inclusion:**\nArbiBay lowers the barriers to entry into the world of decentralized finance (DeFi) by providing a platform that is accessible to a broader audience. It allows individuals who may not have the expertise or significant capital to invest in diversified cryptocurrency portfolios, thus democratizing access to investment opportunities that were previously available only to seasoned investors or those with substantial resources.\n\n**Education:**\nThe platform serves as an educational tool by offering real-time insights and data on asset performance and allocation. This feature can help users learn about market trends, portfolio management, and investment strategies. Additionally, by enabling users to share and discuss their portfolios, ArbiBay fosters a community of learning where less experienced users can gain knowledge from more seasoned investors.\n\n**Social Impact:**\nArbiBay's community-driven approach has the potential to create a positive social impact by encouraging responsible investment practices and promoting financial literacy. By providing a space for users to collaborate and share their expertise, the platform can help build a more informed and conscientious group of investors who are aware of the risks and rewards associated with DeFi.\n\nThe **target audience** for ArbiBay includes:\n- **Novice Investors:** Individuals new to DeFi looking for an easy-to-use platform to start their investment journey.\n- **Experienced Investors:** Seasoned investors seeking advanced tools for managing and tracking their DeFi portfolios.\n- **Portfolio Creators:** Users with the expertise to design portfolios and share them with the community, contributing to the collective knowledge base.\n- **Educators and Learners:** Those interested in using the platform as a resource for teaching or learning about DeFi and investment strategies.\n\nBy focusing on these areas of impact, ArbiBay aims to serve a diverse community, making the DeFi space more inclusive, educational, and impactful.", "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 the code will be available on open source and will be publicly available.", "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": "ArbiBay is currently transitioning from the conceptual phase to the development stage. Here\u2019s the roadmap and development timeline of ArbiBay:\nPhase 1: Research and Planning (Completed)\n\u2022\tMarket analysis\n\u2022\tFeasibility study\n\u2022\tConceptualization of ArbiBay\u2019s features and services\nPhase 2: Design and Prototyping (Q3 2024)\n\u2022\tDesigning the user interface and experience\n\u2022\tDeveloping initial smart contract prototypes\n\u2022\tSecurity framework planning\nPhase 3: Development and Testing (Q3-Q4 2024)\n\u2022\tDevelopment of smart contracts and backend systems\n\u2022\tImplementation of the user interface\n\u2022\tAlpha testing with a closed group of users\n\u2022\tSecurity audits and revisions\nPhase 4: Beta Release and Feedback (Q1 2025)\n\u2022\tPublic beta release of ArbiBay\n\u2022\tCollecting user feedback\n\u2022\tPerformance monitoring and optimization\nPhase 5: Launch and Expansion (Q2 2025)\n\u2022\tOfficial launch of ArbiBay\n\u2022\tMarketing and user acquisition campaigns\n\u2022\tContinuous monitoring and updates based on user feedback\nPhase 6: Scaling and New Features (Q3 2025 and beyond)\n\u2022\tScaling the platform to handle increased traffic\n\u2022\tIntroducing new features and investment options\n\u2022\tExpanding community-driven initiatives\nPhase 7: Long-term Support and Evolution (Q4 2025 onwards)\n\u2022\tOngoing support and maintenance\n\u2022\tRegular updates and feature enhancements\n\u2022\tAdapting to changes in the DeFi ecosystem\nThis timeline is subject to change based on the project\u2019s progress, user feedback, and the evolving landscape of the DeFi market. The focus will be on delivering a secure, user-friendly, and innovative platform that meets the needs of its users.", "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": "Securing funding in this round would be a significant boost for ArbiBay's development and the achievement of its goals. The allocation of funds would be strategically planned to ensure the most efficient and effective use of resources. Here's how the funds would be distributed:\n\n**Frontend Development:**\nA portion of the funds would be dedicated to enhancing the user interface of ArbiBay. This includes hiring skilled frontend developers who can create an intuitive and engaging experience for users. The goal is to ensure that the platform is not only aesthetically pleasing but also easy to navigate and use, even for those new to the DeFi space.\n\n**Backend Development:**\nBackend development is crucial for the stability and functionality of ArbiBay. Funds would be used to recruit experienced backend developers to build a robust and scalable infrastructure. This team will focus on the core logic of the platform, data storage, and ensuring seamless integration with the Arbitrum blockchain.\n\n**Smart Contract Development:**\nSmart contracts are the backbone of ArbiBay's functionality. Investment in this area would involve bringing on board expert developers with a deep understanding of blockchain technology to craft secure and efficient smart contracts. These contracts will handle critical operations such as portfolio management, rebalancing, and dividend distribution.\n\n**Security:**\nA significant portion of the budget would be allocated to security to protect users' assets and data. This includes regular audits of smart contracts, implementation of multi-signature wallets, and other security protocols to safeguard against potential threats.\n\n**User Research:**\nUnderstanding the needs and behaviors of users is vital for the success of ArbiBay. Funding would allow for comprehensive user research, which will inform the design and development process, ensuring that the platform meets the real needs of its users.\n\n**Community Building:**\nBuilding a strong community is essential for ArbiBay's long-term success. Funds would be used to engage with the community through various channels, gather feedback, and foster a collaborative environment. This also includes educational initiatives to help users understand the benefits of DeFi and how to use ArbiBay effectively.\n\nIn summary, the funding would be meticulously directed towards critical areas that support ArbiBay's mission to revolutionize decentralized investment and asset management, ensuring that the project not only meets its development milestones but also creates a lasting impact in the DeFi ecosystem.", "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": "Certainly! Here's a refined version of the last part of your project description:\n\n---\n\nOur team is the cornerstone of ArbiBay's potential. We boast a dynamic duo of developers, each with a profound expertise in computer science and blockchain technology. One of us is a **PhD holder**, while the other is on the cusp of achieving this distinguished academic milestone. Together, we bring a wealth of knowledge and innovative thinking to the table.\n\nComplementing our technical prowess is our creative director, Daria, whose exceptional talents in the creative domain are unmatched. Daria's visionary approach and artistic insight are instrumental in shaping the aesthetic and user-friendly interface of ArbiBay, making it not just functional but also engaging for our users.\n\nOur collective experience and previous work, which spans across various successful projects in the decentralized finance space, stand as a testament to our capability and dedication. We are committed to fostering a platform that is not only technologically advanced but also secure, intuitive, and community-driven.\n\nWe believe that our unique blend of technical acumen and creative innovation positions ArbiBay as a frontrunner in the realm of decentralized asset management. It is this synergy of skills and passion that we hope will contribute to ArbiBay's eligibility and success.\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": 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? ", "questionId": 24}], "project": {"id": "0x414923a266a31aa1b2397f76319551d40211d48d968a762af203eebc5ff8030e", "title": "ArbiBay", "logoImg": "bafkreifc3e5amuy2lz6bgys4hxoap3xrhkevt3kxtun4yjbousyhe6ogtm", "metaPtr": {"pointer": "bafkreicqnsswqjv6davkeyj7oxpfailcocehpzdo6vii2cfawoosl36wiy", "protocol": "undefined"}, "website": "https://cryptolight.io", "bannerImg": "bafkreics7xqmu7ziif3tvzx6u42g6o47yw22i4rpydhkkktlourxwd3i7m", "createdAt": 1713526577609, "userGithub": "MarkusWirth", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..Ru6lq3mZm-Jq4kLt6AKPMNPOQ7jtVgOSC5aCeUd4iJXCMUhU7TYpPAWLJjr_W0ExAmhl1cXOm1RJHYZUjlr6CA", "type": "Ed25519Signature2018", "created": "2024-04-19T11:59:10.627Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-19T11:59:10.627Z", "expirationDate": "2024-07-18T11:59:10.627Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x639C0403097Da4B3d08D71c483Cc19FafF0b07d7", "hash": "v0.0.0:szIFbDnMnAnTDqLVV3ZdBdTm4I3HCJWzdBTZjFVKtdo=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#arbi_bay"}}}, "description": "ArbiBay\n\nArbiBay aims to revolutionize decentralized investment and asset management by providing a user-friendly platform for managing portfolios of financial assets on the Arbitrum chain. Here\u2019s how ArbiBay stands out:\n\nSmart Contract Design:\n-ArbiBay will develop robust smart contracts that manage portfolios similar to traditional ETFs (Exchange-Traded Funds).\n-These will allow users to invest in diversified bundles of cryptocurrencies (e.g.  with different risk level exposure or of different categories like meme-coins or exchange-coins)\n- The smart contract will handle automatic rebalancing, dividend distribution, and risk management.\n\nUser Experience and Usability:\n- ArbiBay prioritizes a seamless user experience:\n- Intuitive Interface: Users can easily create, manage, and track their portfolios.\n- One-Click Investment: Users can invest in pre-defined portfolios or customize their own with a few clicks.\n- Real-Time Insights: Live performance metrics, historical data, and asset allocation details.\n- Security: ArbiBay will implement robust security measures, including multi-signature wallets and audits.\n\nCreator Access:\n- ArbiBay isn\u2019t just for investors; it empowers creators:\n- Portfolio Creators: Users can design their own portfolios and share them with the community.\n- Earn from Creations: Creators receive a share of fees generated by their portfolios.\n- Community-Driven: ArbiBay encourages collaboration, allowing users to learn from each other and build better portfolios.\n\nIn summary, ArbiBay is about empowering investors and creators to manage and invest in decentralized finance crypto index funds.\n\nArbiBay's innovative approach to decentralized finance is powered by Cryptolight, ensuring cutting-edge technology and expertise in blockchain development. For further information we referenced the cryptolight Website.\n", "lastUpdated": 0, "projectGithub": "cryptolight-io", "projectTwitter": "arbi_bay"}, "recipient": "0x639C0403097Da4B3d08D71c483Cc19FafF0b07d7"}}