{"signature": "0xad279a0e04e64394d0cedc7a1f2a96eecd187729584a33ebe73da4ed0fad7af739c931441c64510a21f72eaa67699023558ca7554bcfa27be35988bf89c354b71c", "application": {"round": "0x23b136ed9b30323b9c6ece32f60e11acb5480010", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "PRXq5k9g2s2UpLuKyfT2TlrsXQvkm9z7urYcGcybcG2MuyZk0scbGHn5LsTRGFUW", "encryptedSymmetricKey": "dcffae277daf2d0358516a918311bb3f70542913f2bee91af4c0fadbac931506118af5035fdb6ece0fc3c22509550210bfe048ad493abd1a28374696f9afe437427a08e7080c94eac890babd5efb44796ad4054b7d1a8eb87a9dc6094774cba761bcdf43ca68377316bee4dfe51731e4e8999c8ef1b2385b53bd0a57ded7a23a000000000000002042a9eb452f6d8cc60b12c3e906d5715416f259f22f7ccfd7504bfcbba56d4b6ccc29e38e62988d647045ee7d909b7da8"}}, {"type": "paragraph", "answer": "Steadefi provides yield strategies that allow users with different risk profiles to earn yield profitably from DeFi\u2019s best yield sources across any market conditions \u2014 bull, crab or bear.\n\nOur lending vaults lends out assets to strategy vaults to earn yield from interest fees charged for borrowing. The interest rate model of the lending vault combines asset utilisation with yield sharing from strategy vaults, which allows lending vaults to earn more interest when strategy vaults earn more yield.\n\nOur strategy vaults borrow assets from dedicated lending vaults to execute various yield earning strategies that vary in leverage and delta. As the lending vaults are dedicated only to a group of strategy vaults, this allows for the maximum capital efficiency via under-collaterized leverage borrowing as no assets has to be posted to lending vaults as idle collateral. Different strategy vaults also execute on different asset delta strategies, with automated keepers being ran 24/7 to monitor and rebalance the vaults if any of their debt ratios or deltas drift away from the intended strategy. This allows for depositors in the strategy vault to earn yield profitably in any market conditions while not facing the risk of full liquidation.\n\n\nProject Links:\nWebsite: https://steadefi.com\nVaults: https://steadefi.com/vaults\nDocs: https://docs.steadefi.com\nDiscord: https://discord.gg/steadefi\nTwitter: https://twitter.com/steadefi\nBlog: https://blog.steadefi.com\n\nWe are request for a grant which will be used to incentivise for lending liquidity to allow for strategy vaults to GMX GM pools to have even more capacity for adding liquidity.\n\nWe will look to run the program for 8 weeks, with the claimable amount to liquidity providers distributed on a weekly, epoch basis.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "100000", "hidden": true, "question": "Amount requested", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "paragraph", "answer": "Week 2: 500k lending liquidity\nWeek 4: $1.5m lending liquidity\nWeek 6: $2.7m lending liquidity\nWeek 8: $4m lending liquidity", "hidden": false, "question": "Milestones", "questionId": 4}, {"type": "paragraph", "answer": "Jeff Lam \u2014 Founder and Project Lead. 15 years in Consumer and FinTech startups with experience in sales, engineering, product management and product design.\nLeon Lee \u2014 Marketing (Social Media). 12 years experience in consumer marketing. Runs a web2 marketing agency.\nMicky P. \u2014 Marketing (Partnerships). 6 years in finance with hedge funds and VC experience. 5 years in DeFi with partnerships to influencers.\nKevin M. \u2014 Community Mod. 5 years experience in DeFi.\nGiraffe \u2014 Solidity Dev + Security Analyst. 2 years solidity dev with DeFi experience and 1 year experience as a public smart contract auditor.\nFachry A. \u2014 Front-End Dev with 5 years of experience building consumer tech.\nZora \u2014 Back-End Dev with 5 years of experience building data and consumer tech.\nAdditionally, our advisors are:\n\nOmer Demirel (Partner at AVenture DAO)\nRasheed Saeluddin (Partner at AVenture DAO)\nDaniel Dizon (Founder and CEO of Swell Network)\nAbishek Kannan (Head of Research at Swell Network)\nEthan B. Johnson (Ex-Chief Information Security Officer of Galaxy Digital)\nRebase Ventures (DeFi focused Accelerator)", "hidden": false, "question": "Team Members and Qualifications: [List team members and their qualifications, roles, and responsibilities]", "questionId": 5}, {"type": "number", "answer": "7", "hidden": false, "question": "Team Size", "questionId": 6}, {"type": "short-answer", "answer": "$180k worth of esSDY emissions via our airdrop campaign", "hidden": true, "question": "Grant Matching:", "questionId": 7}, {"type": "paragraph", "answer": "We are looking to run an esSDY airdrop campaign via a points system in parallel with the ARB STIP grant distribution.\n\nThe total value of esSDY given out will be ~$180k, or about 3.6m esSDY.", "hidden": true, "question": "Grant Breakdown", "questionId": 8}, {"type": "short-answer", "answer": "It's a 2/3 multisig with every signer being a unique hardware wallet. The signers are Jeff, Leon and Ethan.", "hidden": true, "question": "Funding Address Characteristics: [Enter details on the status of the address; eligible address must be an MPC wallet\u00a0or 2/3 multisig with private keys securely stored]", "questionId": 9}, {"type": "short-answer", "answer": "We will be creating claim contracts on a weekly epoch to allow liquidity providers to claim their share of the ARB grant proportionately", "hidden": true, "question": "Distribution Contract Address: [Enter any specific address that will be used to disburse funds for grant recipients]", "questionId": 10}, {"type": "short-answer", "answer": "'0x27aa75c4f7fec50A0720630E5d0f36A3bb7c6671', '0xa9ED07Ba2e3347F0068A3F0B9d2d943AE7D86F90', '0xABbe8a66BaD38982B27f1410dfA0DE329ae2A5DA', '0x461944c3ecf43c9eC5c31d5B0A4f0960274f2045', '0xb456bCd8950d72950fF21E578D49A6488A185297', '0x44a5f4ff2B07D32B51355eBd3250ceFa81070A3b', '0x83751A2860745F42A81dCA9a57b5B8f10c933C44', '0x159c88f5F01229aD3E080b65c4e3Cd99Fca040c5'", "hidden": true, "question": "Incentivised Contract Addresses: [Enter any specific contract addresses that will be incentivised in your program (Pool addresses, contracts, etc.)]", "questionId": 11}, {"type": "paragraph", "answer": "We are request for a grant which will be used to incentivise for lending liquidity to allow for strategy vaults to GMX GM pools to have even more capacity for adding liquidity.", "hidden": true, "question": "Objectives: [Clearly state the primary objectives of the grant and what you intend to achieve]", "questionId": 12}, {"type": "paragraph", "answer": "Week 2: 500k lending liquidity\nWeek 4: $1.5m lending liquidity\nWeek 6: $2.7m lending liquidity\nWeek 8: $4m lending liquidity\n\nWe also aim to attract 1000 unique wallet addresses as liquidity providers via this program", "hidden": true, "question": "Key Performance Indicators (KPIs): [Specify the KPIs, including but not limited to total value locked, transaction volume, and number of users that will be used to measure success in achieving the grant objectives]", "questionId": 13}, {"type": "paragraph", "answer": "Beyond just direct value incentives, receiving a grant signals a validation of Steadefi\u2019s unique value proposition contribution to the GMX v2 ecosystem by GMX.\n\nLiquidity providers and DeFi yield chasers will be made aware of the different strategies that can best allow them to not just earn yield, but be aware of the strategies they can take to earn yield profitably while providing liquidity to GMX v2.\n\nSteadefi\u2019s lending and different leverage and delta strategy vaults will allow users to better understand the methods of earning yield profitably from GMX v2 across any market conditions. The different vaults will also cater to different risk/reward profiles of yield chasers.\n\nWith the ability to earn yield profitably from GMX v2 in any market conditions, liquidity to GMX v2 pools should stronger retention across all market conditions.", "hidden": true, "question": "How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?: [Provide details]", "questionId": 14}, {"type": "paragraph", "answer": "We believe that fully utilising the 100,000 ARB grant with a target of driving ~$4.8m in liquidity to GMX v2 pools is a significant value add to GMX v2 pools. Additionally we will also be educating and offering users the various strategies to not just earn yield, but do so profitably based on how they provide liquidity to GMX v2 pools with the various strategy vaults. Last but not least, the grant usage is not limited to just incentivising lending liquidity; we also aim to use ~10% to drive more user awareness, excitement and engagement to both GMX v2 and Steadefi via our Leaderboard and Social Media giveaways.", "hidden": true, "question": "Justification for the size of the grant: [Enter explanation]", "questionId": 15}, {"type": "paragraph", "answer": "The grant will be received into a 2/3 multisig wallet.\n\nWe will distribute the grant over 8 weeks on a weekly basis.\n\nWe will be tracking the time weighted average % of every lender into every lending vault, and at the end of the week, compute the amount of ARB rewards each lender has earned.\n\nA claim contract will then be deployed and funded for lenders to claim their rewards. A UI on our website will also clearly be shown to allow users to claim their rewards.", "hidden": true, "question": "Execution Strategy: [Describe the execution plan, including resources, products, use of funds, and risk management. This includes allocations for specific pools, eligible assets, products, etc.]", "questionId": 16}, {"type": "paragraph", "answer": "We are looking to start the program as soon as the 22nd of March (or perhaps roughly 24th of March).\n\nThereafter:\n\nWeek 2: 500k lending liquidity\nWeek 4: $1.5m lending liquidity\nWeek 6: $2.7m lending liquidity\nWeek 8: $4m lending liquidity", "hidden": true, "question": "Grant Timeline and Milestones: [Describe the timeline for the grant and milestones.]", "questionId": 17}, {"type": "paragraph", "answer": "Yes", "hidden": true, "question": "Fund Streaming: [Do you accept the funding of your grant streamed linearly for the duration of your grant proposal, and that the multisig holds the power to halt your streamed grant at their discretion at any time?] ", "questionId": 18}, {"type": "short-answer", "answer": "Our lending vaults contracts to the GM pools are deployed around the 22nd of December 2023. Our strategy vault contracts to the GMXv2 pools are launched on 9th Jan 2024. We had previously deployed vaults to GMXv1 in May 2023. ", "hidden": true, "question": "What date did you build on GMX?: [Date of deployment]", "questionId": 19}, {"type": "paragraph", "answer": "With our strategy vaults launched on 9th Jan 2024, we have currently went from $0 to $180k in TVL. We have yet to kickstart our marketing in ernest yet as well.", "hidden": true, "question": "Protocol Performance: [Detail the past performance of the protocol and relevance, including any key metrics or achievements, dashboards, etc.]", "questionId": 20}, {"type": "paragraph", "answer": "Q4/23: Launch GMXv2 GM Vaults\nQ1/24: Growth GMXv2 GM Vaults + SDY Token Launch\nQ2/24: Aggregated Vaults for GMXv2 + New Vaults to New Protocols\nQ3/24 onwards: New Vaults to New Protocols", "hidden": true, "question": "Protocol Roadmap: [Describe relevant roadmap details for your protocol or relevant products to your grant application.]", "questionId": 21}, {"type": "paragraph", "answer": "Our lending vaults, oracles and strategy vault contracts were previously audited by Omniscia: Audits\nOur new GMXv2 oracle and GMXv2 strategy vaults have went through a public audit by Codehawks: https://www.codehawks.com/report/clo38mm260001la08daw5cbuf", "hidden": true, "question": "Audit History (if any): [Provide historic audits and audit results]", "questionId": 22}, {"type": "short-answer", "answer": "Yes. We track a lot of data already in our database + we can create dashboards to show them.", "hidden": true, "question": "Is your team prepared to create Dune Spells and/or Dashboards for your incentive program?: [Please describe your answer]", "questionId": 23}, {"type": "short-answer", "answer": "Yes. We can track how much TVL has grown, how many unique wallet addresses came in due to the program, how much more strategy vault deposits are contributed to GMX, how many new twitter and discord followers we got, along with the ARB grants given out", "hidden": true, "question": "Does your team agree to provide bi-weekly program updates on the GMX Forum thread?: [Please describe your strategy and capabilities for data/reporting]", "questionId": 24}, {"type": "short-answer", "answer": "Yes", "hidden": true, "question": "Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program's funding stream?: [Y/N]", "questionId": 25}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:437", "title": "Steadefi", "logoImg": "bafkreicbnnixigypics6er5avktykg3p4miwez5vujvhvqjwoyxpsum5xq", "metaPtr": {"pointer": "bafkreidnl76ze75ryszrmyctt2orqjbd4w6g4ylohh4rcen6lcajb3sk4m", "protocol": "1"}, "website": "https://www.steadefi.com", "bannerImg": "bafkreicx2m3rsrbeo4vjmxjs6hothvf2vinihgpalrhlpfv5tldmljm47e", "createdAt": 1705324261049, "userGithub": "jefflam", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..B-t60rmBVOtzmiwIk822EVYSoQq1Enh8mUPMjVNB_Z1i5IB32AXybpJJ1hzD6OzvHGbpxquaMQmK1R8p3m3qAQ", "type": "Ed25519Signature2018", "created": "2024-01-15T13:10:04.856Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-01-15T13:10:04.856Z", "expirationDate": "2024-04-14T13:10:04.856Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xe6fEED5AE6f960BEfCF0A68313Ef19e782A039c0", "hash": "v0.0.0:stsQBnu7I1F46LCNciQbuxNfHY4AjeL6PiF1QONrlYw=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#steadefi#1057981"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..Y2eagXYFlhX3irZnJhXE4MNUNSXbuHt2fL_FkBZ06Q5Uth72_bxqnx-mAPVRUmiNRSS2HDUj7gT_jbPzstguCg", "type": "Ed25519Signature2018", "created": "2024-01-15T13:08:17.754Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-01-15T13:08:17.754Z", "expirationDate": "2024-04-14T13:08:17.754Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xe6fEED5AE6f960BEfCF0A68313Ef19e782A039c0", "hash": "v0.0.0:Va5wU06XN60zPoYnEvUhhqugWKdsIkpV2NX9SBXjho4=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#steadefi"}}}, "description": "Steadefi provides vaults for earning leveraged yields profitably in bull, crab and bear markets. \n\nSteadefi's vaults cater to different risk/reward strategies to the best yield-generating DeFi protocols.\n\nAs of January 2024, Steadefi's strategies primary earn yield from GMXv2's GM pools on Arbitrum and Avalanche.", "lastUpdated": 0, "projectGithub": "steadefi", "projectTwitter": "steadefi"}, "recipient": "0x2E79975E5a2b93d766855a34593b6482ec8AE338"}}