{"signature": "0xc233c9133643295015c1d792333da5cb12f50d3c0965f50ad37bed5dab85535446d56f774e1ec25cf11b822bf1fb99884107e90293412fd8c43c97bc139a81091c", "application": {"round": "0xf50fa2dc5cbe583670323bc5acdeb02c447cd8b3", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "pv+ZXLU4ebNTNrUJv8aTQLTlJknXU3R2PsDKaM7J1dSQrP0Hh48kFqWdSgR2U2v+", "encryptedSymmetricKey": "e36cbb6c31689ab4c85b2f3eabbd3b9437585c9c532ec80d69e77550a708071ec9b24ab2d2bf85346737c546de3367027023b5b907c446308f7947440a86ea06b173734734b8fd5fe43bbb916b461f03550f2590b31a2f53c9a7c77f8724c592dd7a9f10bc86f9760da8ab9f50ef0da2d1bb5a31ead46f0ee17250d8fa5ed7eb0000000000000020c25e0d68e91bbfc9419afda0be5c553abf18afc50643f92a56a1467559a484324da0182861bd2b69973b4459ba5db598"}}, {"type": "short-answer", "answer": "Total prior funding in USD: 103k Grants: 0 VC: 0 Angels: 103k Token Launch: N/A", "hidden": true, "question": "Please Provide Prior Funding Sources Including Total Prior Funding for the project in USD", "questionId": 1}, {"type": "link", "hidden": true, "question": "Telegram Handle of Primary Contact", "questionId": 2, "encryptedAnswer": {"ciphertext": "1qotKXbxmWkYOeq5KhlXjM65k11K9DZfpUXG55JvbFiwYQMNc3iFMbkg8uTIyguikd4Y5qoAk8A7RduiY388eg==", "encryptedSymmetricKey": "8b367ccf8bcdc8f4b53bd45c038be0c5d3d794a29b3b0889137753ba848ae4de54358ad458d97f506aa381be4cda951268ad009fdc762612cf814c42f10505b98f6e2b7479572f784daf18a2ba6f4167ceec8d5993376a8c95e140d1fb7e4ca7a382760cdf054a707379a1981726bec86df9988a3a9736ade70ea933f2901c240000000000000020ec4fb98c1bb7f2760867260c506db5ad9dd588355d5c8d05711c0791888ffdd4ff7b6708d658190867e216266779fb99"}}, {"type": "short-answer", "hidden": true, "question": "Profiles or socials of other main team members publicly associated with the project", "questionId": 3, "encryptedAnswer": {"ciphertext": "9iO6c0VC88YZLra6C4FjgjsMybq7GG2p8+2zCMwrrJ16Y3Du60+lafU8U9DEcF2JA+4PtvhzT/qmcRYKDLtyZxqPMdFJrbGXEikkLb4yTh+X1P912bJAOIKwS94d/kX+00R/G0D+HqUbBzl0zKVzTdfm6Kp76g4TUkSH+dmIcEzheM3F0TsnbE6Xv1dn4QprdiNc7SmaZ9cnbVJ7ikJivg==", "encryptedSymmetricKey": "07b49a52f92e887195355b220a506d90c4b134dc2ea1fe7e73f6ff0a13159772a0ab793e7e82e330b79e0b12fe5d9013e1b185d198a4d1d195813eb94a3535a91cefddc9110adec812c96f57577f91ca11ac293c6f80676060b3b7758ddb1083cc3a5074bc8504a0f946d30ebbe7e86d6af135c7dcf8f2ec149d9073b7c10d5800000000000000200472c5a10dd0dedfc4f91bfbc20b5fbe64fdb075e6869dd14bc99eb502403615b3754f41fddbe79a93960beca01540a2"}}, {"type": "link", "answer": "https://forum.avax.network/t/avalanche-community-grants-quadratic-funding-round-1-stable-jack/2164", "hidden": true, "question": "Please provide a link to the forum.avax.network post detailing the application", "questionId": 4}, {"type": "paragraph", "answer": "\u200b\u200bWe understand and accept all the rules that are not permitted in Avalanche Community Rounds. We state that Stable Jack follows all the eligibility criteria set by the Avalanche Foundation.\n\nGithub: https://github.com/stable-jack\nTwitter: https://twitter.com/StableJack_xyz \n\nHistory of Contributing to the Avalanche Ecosystem: Caesar has been in the ecosystem since the mainnet launch. For the last 1.5 years, he has been preparing daily/weekly threads about the Avalanche ecosystem, working on the Avalanche ecosystem projects, and lastly becoming an AVAX ambassador. He also arranged several Avalanche meetups in Turkey. \n", "hidden": true, "question": "Please explain how your project meets the round eligibility criteria", "questionId": 5}, {"type": "paragraph", "answer": "Stable Jack benefits the Avalanche ecosystem in a variety of aspects;\n\n\nUnlocking AVAX LST liquidity: Stable Jack is built on top of the LST protocols. This means that if Stable Jack TVL grows, the LST protocols such as BENQI, Yield Yak, and GogoPool will see an increase in their TVL. \n\nSecuring the network: By utilizing the LST protocols, Stable Jack will directly help to secure the Avalanche network.\n\nBringing Liquidity from other chains: Stable Jack provides the first yield-bearing and decentralized stablecoin in the Avalanche ecosystem. Given that there is no such product in the Avalanche ecosystem, Stable Jack addresses a main pain point. This will attract liquidity from other chains to Avalanche. \n\nIncreasing the demand for DeFi protocols: Stable Jack tokenizes the leveraged AVAX positions as xAVAX. This allows users to have leveraged exposure to Avalanche but also use it in DeFi protocols. This composability will increase capital efficiency for the users and also will help other protocols to see increased TVL.\n\nNew Use Cases for AVAX: Stable Jack creates new use cases for AVAX and utilizes them to build new financial primitives. For example, if the Avalanche ecosystem has 1b aUSD liquidity instead of 1b USDT/USDC liquidity, it will create a 1b demand in AVAX.\n\nPotential opportunities are;\n\naUSD and xAVAX as collateral and borrowable assets on BENQI, Delta Prime, and AAVE lending markets.\naUSD as a yield product via Yield Yak Pools.\nListing aUSD and xAVAX on Trader Joe, Dexalot, Pharaoh, and Wombat.\naUSD and xAVAX as part of the Index Cap of Colony.\nxAVAX and aUSD as a collateral asset on Hubble Exchange.\naUSD as a yield product for Definitive, CIAN, and Vector Finance.\naUSD and xAVAX as bonding assets for Chimera and Kuza Finance.\naUSD as a vault token that Struct Finance users can invest in\naUSD as a currency on Blockpay for daily payment \naUSD and xAVAX can be integrated by SteakHut Finance for automated liquidity management services.\n", "hidden": true, "question": "How does your project benefit the Avalanche Ecosystem?  Please mention any existing or upcoming partnerships.", "questionId": 6}, {"type": "link", "answer": "https://discord.gg/43AXmzhaby", "hidden": true, "question": "Please provide a link to your Public Group Chat (Discord or Telegram)", "questionId": 7}, {"type": "short-answer", "answer": "We have already launched our testnet, and now more than 200 people participated in and received feedback. There is no problem with the codebase, only small frontend bugs and design updates are required, it will long a month. You can try it via the link:  https://app.stablejack.xyz/  Currently, we are working with Credshields for the audit of the code.  You can follow our socials:  Website: https://www.stablejack.xyz/ Twitter: https://twitter.com/StableJack_xyz Debank: https://debank.com/official/Stable_Jack Discord: https://discord.com/invite/eMw5uzqkzx Mirror: https://mirror.xyz/0xB6A9985CFac4f9F0ca873aF6e1c814B2d3548AC9 Guild:https://guild.xyz/stablejack Docs: https://stablejack.gitbook.io/stablejack/", "hidden": true, "question": "Is there anything else you'd like to share about your project, previous work, or other affiliations?", "questionId": 8}], "project": {"id": "0xc748423159be1a4b3118ecc50bf14f96aac08cb56b7899c99b970bb607842b62", "title": "Stable Jack", "logoImg": "bafkreiefe7d452vgixgsgoev36mh54kda5mjufzcd5wsijjekd3fxdrzf4", "metaPtr": {"pointer": "bafkreih7l57ohzu6ymraqiydjezsztgzrqt3k3amtvj5fmhv4rpj2gijhi", "protocol": "undefined"}, "website": "https://www.stablejack.xyz/", "bannerImg": "bafkreietz7ydco6f7x42twpsllya6rm45s5vvejqzbv7hihg5vxbdn7c5m", "createdAt": 1712322028994, "userGithub": "solomonNSI", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..90xsuZaNs9DYJ6FcSqaHa6q_OF_WKhOKNtx81zePVCHx6b5OIwPx0HfZp8VxS1UNImKs5bdlDj2TWCuMl85rAg", "type": "Ed25519Signature2018", "created": "2024-04-05T12:59:56.376Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-05T12:59:56.376Z", "expirationDate": "2024-07-04T12:59:56.376Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xa1eB063E50bd82f3b511BaC3084AbD67Cf79AfD4", "hash": "v0.0.0:HJJrAvQKHzlYU2/fDfcE/0WC2uJGylOteEAm7D2nFng=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#stable-jack#66926680"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..u7mYCUwnZMNgamvqx_XlTpaL72bB81oVzi49mEYRNY6ebCZtrKhX7UhGTIiwX0GDPUF7Ntkr_xVdSXPwyu4aDQ", "type": "Ed25519Signature2018", "created": "2024-04-05T12:50:45.369Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-05T12:50:45.368Z", "expirationDate": "2024-07-04T12:50:45.368Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xa1eB063E50bd82f3b511BaC3084AbD67Cf79AfD4", "hash": "v0.0.0:/ODuBWxNJS7wQ6R8Kx8VQ5CCDmCJPxGE9dkhsWMzBBU=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#StableJack_xyz"}}}, "description": "Stable Jack is an Avalanche native LSTfi protocol that partitions AVAX volatility into two products to have a new yield-bearing stablecoin, called aUSD, while also creating a volatile AVAX token, called xAVAX.\n\nWe are developing a yield-bearing stablecoin that offers:\n\n- capital efficiency\n- no liquidation risk\n- no exposure to centralized party risks\n\nWe are building a volatile AVAX token that offers:\n\n- DeFi composability\n- no funding fees\n- an extremely low risk of liquidation\n\nThe protocol will benefit the Avalanche ecosystem in 4 major areas:\n\n- AVAX-powered: As an AVAX-backed stablecoin, the creates demand for AVAX.\n\n- Unlocking AVAX LST liquidity: The protocol allows AVAX LSTs such as sAVAX to be effectively utilized for further financial activity which was not possible before.\n\n- New Use Cases for AVAX: The protocol creates new use cases for AVAX and utilizes it to build two new financial products.\n\n- Increased and Diversified Security: By utilizing LST protocols, the protocol directly helps the security of the protocol while also diversifying its participants.", "lastUpdated": 0, "projectGithub": "stable-jack", "projectTwitter": "StableJack_xyz"}, "recipient": "0x23c65B2b3E850a458584C66d94a72c4898537aDd"}}