{"signature": "0x00be4105c049349d7bef4ad59234cb222c4a0b8cadc3274aedf6e99edbda986148e83ff21616a3665f818dbcfe64ea7a14277de9faa000cc0f201cd0a2e70b631c", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "iFScXDy6ek9brCC5XyYgteuGEkxb3cMANYzDNogTV/sMeCTMBh02v2v42LdG7lzA", "encryptedSymmetricKey": "ce09d6b842251c23851d8ea44aed2f32f33a8da300a90d95d5f43d4c583ff329b9bdb2098e7076108564918d2eff2119f8c5c4c08c8292007e60ce11b9bee27fff4abd2f6529d7570ceaeaa840f661df90a43d8797d300bb435b0e600f41a4b1a1c07429f59fbcfbc7338943ebb52c72d330696d8828810f293cdf84978c4373000000000000002056d297cf1755d649ac2a901658052f75a048254998b6c96c675febd775d9182f965ddce05dc778ceb73327546f427f80"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "RsWQirP9Mcodx43E3kksqdxa3N/sqpCOW1EC7ImS9/Q=", "encryptedSymmetricKey": "ed345017207242f6e50d053ccd6c54143497cea8ce57090a18df7dea1438f67e9e8355c734ec16cedc482dd8690333188f61593521c001ea1b574fb0324915bc5c609d8189744e0514cb7f68a7deb27c229e14a9d2e1e57aaa6056ce7949b182c2ba2b0b8d3a6450cc391b61e032c923fe935b762977711717eb65b1fe828ae8000000000000002044ac9d88b451afc8175f4b4d56cf784d6a77df23d2e4d064fdc5cc731b275aba1d1f0809258da8f80a81e1dd178c6cb3"}}, {"type": "link", "answer": "https://github.com/Urbanika/DeFi-Adoption-IRL", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "4", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "Humberto - HBesso31, 0xE73a198e7C07c418D7dcFd42f5E953074aBbD125 ;\nIrwing - Irwingduran, 0x62b02BF04825d73FA911cbb8A8FCD22f3C046933 ;\nJohan - Anora42, 0x07016A05e130d540B52ABD2F9018cB1C5d9b3B16 ; \nSofia - sofi-verse, 0xbaD8bcc9Eb5749829cF12189fDD5c1230D6C85e8 ;\n", "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": "@sofi_VCarrillo\n@irwingduran\n@DeSinoe96458", "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've:\n- created a website: https://decreditscore.xyz/\n- read the documentation from Gitcoin Passport, Candide, and Reclaim Protocol.\n- started testing with EAS schemas.\n- gathered with the financial company workers to design the EAS schemas to attestate data from RWA.\n- agreed a collab with Candide to support us with dev time for advice and troubleshooting, as well as with Holonym for the zK'd KYC.", "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", "answer": "0x43D950b0209b7568089A62174daD7C3A3fDf412C", "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": "We are on a early stage yet. However, some impact metrics could be looking at this post: https://x.com/0xUrbanika/status/1773807227394032119 \nWe were the most voted initiative of the round, which translates into a validation of the idea.\n", "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": "461", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "answer": ["Grants"], "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": "North America", "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": "In most parts of the global South interest rates are criminal. They range from 60% to over 365% a year, and in most cases, informal credits are a business of the mafia, so defaulting may result in a severe damage.\n\nAnd although people pay these rates, their credit history is kept in silos, so no one knows that they are good payers.\n\nUnlocking IRL reputation in web3 has the potential to break free billions of people from their local interest rates.\n\nOur dApp will allow an user-frienly way to tokenize real life data to connect local businesses with international lenders, onboarding millions into DeFi.", "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": "Using Reclaim protocol to attestate local business data from google maps, such as the one coming from the customers flow chart, the reviews and photos provide clear information to assess that a business is real and has cashflow.\n\nGitcoin passport UI to visualize the stamps that a person has and the trust score the person has gathered allows to play with it to define interest rates.\n\nFinally, on the ground agents for KYC validating and customer onboarding are key to spread the adoption of the tool and guarantee that payback is possible.\n\nThe user will have a smart wallet which will facilitate the safety of her wallet while providing a great set of opportunities for automating the management of the person's credit line.", "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": "We serve micro businesses, which represent over 90% of all the business units in LatAm.\nmicro businesses provide over 60% of the jobs and are key for the day to day.\nMost of the micro business owners have low overall education, and close to zero financial education, reason why they are targeted by loan sharks.\n\nOur solution provides a way out of the micro credit poverty trap by:\n- Enabling the person to own her credit score and never depend on a provider,\n- Auto-safe collateral from a part of the profits, so that the person has the means to borrow a larger credit while ensuring a lower interest rate.\n- financial education learning pills, events, and business advise are offered through the app from local NGOs that already provide this service for free. We will encourage participating in these activities by rewarding attendees with trust points, which will lower their interest rate, while increasing their financial and professional knowledge.", "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, all within Creative Commons 4.0. But we are still very early.", "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": "The info is within the grant description, but briefly:\nState: Scientific knowledge backed prototyping.\nOur roadmap is the following:\n1. Smart wallet interface design and development\n2. Attestations of schemas that build a deCredit Score\n3. Smart contract design and development for making the smart wallet a smart escrow\n4. Pilot rehearsal\n5. Pilot launch with 100 customers\n6. Beta launch with 400 customers\n7. Offer the dApp to the current 1400 customers of the financial company\n8. Cooperativize the company and automate it via a DAO framework\n9. Gather others interested in improving and scaling our approach in open knowledge and open source ways", "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": "\ud83c\udfaf Milestone 1 -> already working on it\n Comment\n Suggest edit\n Edit from here\n1. Smart wallet creation using Candide's SDK.\n2. Gamified Trust Score onboarding. Here is where the person looking for a credit will fill out verifiable credentials (following the Gitcoin Passport scheme). Each credential is verified by Ai and algorithms such as with Reclaim Protocol, and Holonym, and in some cases they can be verified too by a trusted agent on the ground (such as to verify home and business addresses).\n\n\ud83c\udfaf Milestone 2 -> unlocked if we get $5K to $15K\n1. Trust weight of each stamp (verifiable credential). The weight will defined collectively by a focus group of financial workers, lenders, and borrowers, and peer reviewed by web3 and reputation practitioners, such as those within The Trusted Seed.\n2. deCredit Score as a smart escrow. The smart wallet will hold four main functions enabled by smart contracts:\ni. Collateral delegation. Allow the borrower or a third party to lend collateral (fork of Aave's credit delegation) and earn from backing up the credit line, or if the borrower is the one providing collateral then decrease the interest rate.\nii. Collateral vault. ReStake the collateral in proven low risk DeFi strategies so that the collateral makes money while being passively protecting the loan.\niii. Automate conditions. Trustlessly automate penalizations, rewards, and profit distribution.\niv. Credit score update. Attestations will be automatically issued from payment behavior, and these will trigger an increase or decrease to the person's trust levels, and therefore to their interest rate within its Decentralized Credit Score.\n3. Gamified interest rate. Based on the trust score and the collateral in place, a smart contract will update the interest rate and offer tips, opportunities, and benefits.\n\n\ud83c\udfaf Milestone 3 -> unlocked if we get over $20K\n1. Pilot test!. We have agreed with a financial institution in M\u00e9xico to test this solution with 100 clients.\n2. Documented insights. Open knowledge is key to enable others to audit, replicate, and improve what we are doing, while also support us to keep a constant improvement mindset.", "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": "The knowledge of this project is based on this research https://mirror.xyz/hbesso31.eth/FPZwO9TMecWReO76YjJx-1p-AAgntdnVxF8Cz8zUp-U\n\nthe financial company is a third party that has agreed to experiment with postCapitalistic approaches, which is the result of over a year of conversations with Urb\u00e1nika's and their course.", "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": "0x1bf54d92c37a3bf18947303adf413ccef65131f6379274cd5dc5bbfaf91b46e3", "title": "deCreditScore dApp", "logoImg": "bafkreiciitzikljwafvi2xgyfsgz7z73eiymcun3luez44mnmztipdf4eu", "metaPtr": {"pointer": "bafkreiaxfl37a2uyyjrwdkx275cn7kfkwtkf2kdhg5osgdzjfeq7hh33ve", "protocol": "undefined"}, "website": "https://decreditscore.xyz", "bannerImg": "bafkreicjgzhtrpdct7ykpztkuqqei6wwbgvkr4j2inzujxbg3orq7xwulq", "createdAt": 1713309875814, "userGithub": "HBesso31", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..6ssSDD0XKhN_BYqMBMkq-Q1Si-dje6VlF20wjwbvl72xSgJvFtIOHG3CFlXitgEAH2OArHBTUO50zhg2c3O0Aw", "type": "Ed25519Signature2018", "created": "2024-04-16T22:56:48.055Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-16T22:56:48.054Z", "expirationDate": "2024-07-15T22:56:48.054Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE73a198e7C07c418D7dcFd42f5E953074aBbD125", "hash": "v0.0.0:0awxjXA8W2N4x7oaVFq2LGFg4xV9L0RZPxX5WEdOjXQ=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#Urbanika#58118538"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..OjGGQAiNBZQHt2O_-T5_LzWkhWrjAwtDO7arRKJobisHKUf_USRzNty4wpCxgmgOfWkUmSXzCuFweLlMeVNXBg", "type": "Ed25519Signature2018", "created": "2024-04-16T22:56:30.011Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-16T22:56:30.011Z", "expirationDate": "2024-07-15T22:56:30.011Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE73a198e7C07c418D7dcFd42f5E953074aBbD125", "hash": "v0.0.0:V4D6em6PtgPr3q7SmGKZ3WVx7ITRiUzt08VL7A8ctCY=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#0xUrbanika"}}}, "description": "A study regarding how to unlock IRL reputation in web3 was carried out through the CoLab Fellowship (a RnDAO's and Arbitrum DAO's research program). The study is available [here](https://mirror.xyz/hbesso31.eth/FPZwO9TMecWReO76YjJx-1p-AAgntdnVxF8Cz8zUp-U), and it was developed by one of the team members of this grant.\n\nThe study found out that the data coming from web apps (such as Google Maps) and from RWA assets (such as title deeds, municipal license, bills, etc) provide an enough initial trust level for web3 lenders to offer a micro credit of $100 (and upto $500) to local businesses.\n\nThe study delivers a graph made from the insights of interviews, onfield observation, and document analysis carried out by the research. The graph is found below in Figure 1.\nFigure 1 shows that if data is tokenized through attestations that can be validated and stored within a smart wallet -that serves as a decentralized identity (DID), then IRL businesses can tap into DeFi.\n\n**Figure 1**\n![Figure 1](https://hackmd.io/_uploads/SyhFyQ2gC.png)\n\nThis grant aims to build a dApp that local business can use to borrow in DeFi  and build a sovereign credit score, which allows them to progressively access cheaper and larger credits.\n\nWe know we might not get the enough funds to make the whole dApp, so that's why we've planned a milestone-based progress which has budget constraints:\n### \ud83c\udfaf Milestone 1 -> already working on it thanks to the Beyond Coordination in LatAm Gitcoin Round.\n**1. Smart wallet creation** using [Candide's SDK](https://candide.dev/).\n**2. Gamified Trust Score onboarding.** Here is where the person looking for a credit will fill out verifiable credentials (following the Gitcoin Passport scheme). Each credential is verified by Ai and algorithms such as with [Reclaim Protocol](https://www.reclaimprotocol.org/), and [Holonym](https://www.holonym.id), and in some cases they can be verified too by a trusted agent on the ground (such as to verify home and business addresses).\n\n### \ud83c\udfaf Milestone 2 -> unlocked if we get $5K to $15K\n**1. Trust weight of each stamp (verifiable credential).** The weight will defined collectively by a focus group of financial workers, lenders, and borrowers, and peer reviewed by web3 and reputation practitioners, such as those within [The Trusted Seed](https://trustedseed.org/).\n**2. deCredit Score as a smart escrow.** The smart wallet will hold four main functions enabled by smart contracts:\n i. Collateral delegation. Allow the borrower or a third party to lend collateral (fork of Aave's credit delegation) and earn from backing up the credit line, or if the borrower is the one providing collateral then decrease the interest rate.\n ii. Collateral vault. ReStake the collateral in proven low risk DeFi strategies so that the collateral makes money while being passively protecting the loan.\n iii. Automate conditions. Trustlessly automate penalizations, rewards, and profit distribution.\n iv. Credit score update. Attestations will be automatically issued from payment behavior, and these will trigger an increase or decrease to the person's trust levels, and therefore to their interest rate within its Decentralized Credit Score.\n**3. Gamified interest rate.** Based on the trust score and the collateral in place, a smart contract will update the interest rate and offer tips, opportunities, and benefits.\n\n### \ud83c\udfaf Milestone 3 -> unlocked if we get over $20K\n**1. Pilot test!.** We have agreed with a financial institution in M\u00e9xico to test this solution with 100 clients.\n**2. Documented insights.** Open knowledge is key to enable others to audit, replicate, and improve what we are doing, while also support us to keep a constant improvement mindset.\n\n\n\n# \ud83c\udfc6 Team\nHumberto Besso Oberto H. Researcher and Business Dev.\nSof\u00eda Villareal. Designer.\nIrwing Dur\u00e1n. Front-end dev.\nJohan De Jes\u00fas. Front-end dev.\n\n# \ud83d\udda8 Open source\nWe are gathering all knowledge and code in here: https://github.com/Urbanika/DeFi-Adoption-IRL\n\n\n# \ud83d\udcf1 The proposed UI\n**Onboarding UI**\n![deCredit Score prototype](https://hackmd.io/_uploads/Bkn36I2jT.jpg)\n\n**Borrower's profile**\n![Borrower's profile for lenders](https://hackmd.io/_uploads/SyX7E42xR.png)\n\n**Borrower's personal interface**\n![Borrower's personal interface](https://hackmd.io/_uploads/r1DjNV2xR.png)\n\n# \ud83d\udc9d\ud83c\udf0e\ud83c\udf0d\ud83c\udf0f\ud83d\udc95Why funding this matters?\nVerifiable off-chain data will ease the path for more people to benefit from the potential that decentralized and regenerative finance can bring to local economies, and as an open source development it can be forked and modified to cover plenty of other use cases.\n\nVonating to this project means supporting the development of scientific research for public good. \nPlease do consider us!\n\n\n## Do you want more info?\nWe encourage you to:\n1. Read the [paper](https://mirror.xyz/hbesso31.eth/FPZwO9TMecWReO76YjJx-1p-AAgntdnVxF8Cz8zUp-U).\n2. DM us or invite us to hold a conversation on how to improve the approach.\n\n# Thank you for your support!", "lastUpdated": 0, "projectGithub": "Urbanika", "projectTwitter": "0xUrbanika"}, "recipient": "0x0442A9aBbc93058a873c371F21CC366338254A88"}}