{"type": "project", "title": "Know Your Degens Oracles - doing compliance the DeFi way \ud83e\udee1", "logoImg": "bafybeicbtmn5fqnxoaqn7ngdq3eyrdowuq56mienfql6wdg3z5xvxy64gm", "website": "https://coinbase-kyd-showroom.redstone.finance/", "bannerImg": "bafybeidvicxv5vgaiwqgz5f4uy47bolmrj4b7pq2ougaqr6dssj2wrn4oa", "createdAt": 1673945691259, "userGithub": "Kazik435", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..P0_sKJtPAsrH5LZlhrnBiOTLccSFHLZ_ZlsPFwvRLOv9e1wdqmzqgWnNTgGR3wXtCBwG-BPcrb-5raq4IVr4AQ", "type": "Ed25519Signature2018", "created": "2023-01-17T08:54:18.229Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-01-17T08:54:18.229Z", "expirationDate": "2023-04-17T08:54:18.229Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xced950CDd8D7Cc656a44D7C834a21A1A4239C491", "hash": "v0.0.0:g2McLmeXm0berNHMTCqftj3DLObnn7N06uL7sTnZbfo=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#redstone-finance#36930397"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..X-81NEinyJgyUPqsP8y5jyb0Uj5Zyz2VvfGQnR1bN_sFaPKwQvORBMcKQeeGhaMDjosp1Nebc4Pxz05qCLRiAQ", "type": "Ed25519Signature2018", "created": "2023-01-17T08:53:41.636Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-01-17T08:53:41.636Z", "expirationDate": "2023-04-17T08:53:41.636Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xced950CDd8D7Cc656a44D7C834a21A1A4239C491", "hash": "v0.0.0:A+ZW6+WyLVDSc4yaFR4twB5tZ6M3ByI+RFa/6lQZT1w=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#redstone_defi"}}}, "description": "PROBLEM \ud83e\udd15\n\nInstitutions, DAOs and Web3 projects, all encounter the same problem: How not to accept \"dirty\" money on their Smart Contract without killing usability with a tedious KYC process?\n\nSOLUTION \ud83d\udca1\nIntegrating KYD Oracle into your Smart Contract allows it not to accept transactions from blacklisted addresses by your chosen set of rules, i.e. addresses that have ever interacted with Tornado Cash or those flagged by forensic companies \ud83d\udd0e\nHow's that possible? Every time a wallet wants to send a transaction via your protocol RedStone KYD Oracle attaches to that transaction's call-data a note if a given address should be allowed to interact with the Smart Contract or if this transaction should be refused. Hence, the UX stays the same and you are protected against known malicious actors \ud83d\ude0e \nKYD Oracle is available on all EVM-compatible L1s & L2s.\nCheck out the Twitter thread explaining how that tool could facilitate entrance of institutions into DeFi \ud83d\udc47 \n\nhttps://twitter.com/redstone_defi/status/1599803069058777093 (There's a blog post too)\nDemo video \ud83d\udc47\nhttps://drive.google.com/file/d/12ijNmgSOin0pUokbDaTmqKk4WuwE0zyE/view?usp=sharing\n\nHOW WE WILL USE THE MONEY\nWe'd dedicate money to further development of the tool, security aspects as well as first implementations with Institutions, DAOs and legal companies \ud83d\udc68\u200d\ud83d\udcbc", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "redstone-finance", "projectTwitter": "redstone_defi"}
Know Your Degens Oracles - doing compliance the DeFi way 🫡
PROBLEM 🤕

Institutions, DAOs and Web3 projects, all encounter the same problem: How not to accept "dirty" money on their Smart Contract without killing usability with a tedious KYC process?

SOLUTION 💡
Integrating KYD Oracle into your Smart Contract allows it not to accept transactions from blacklisted addresses by your chosen set of rules, i.e. addresses that have ever interacted with Tornado Cash or those flagged by forensic companies 🔎
How's that possible? Every time a wallet wants to send a transaction via your protocol RedStone KYD Oracle attaches to that transaction's call-data a note if a given address should be allowed to interact with the Smart Contract or if this transaction should be refused. Hence, the UX stays the same and you are protected against known malicious actors 😎 
KYD Oracle is available on all EVM-compatible L1s & L2s.
Check out the Twitter thread explaining how that tool could facilitate entrance of institutions into DeFi 👇 

https://twitter.com/redstone_defi/status/1599803069058777093 (There's a blog post too)
Demo video 👇
https://drive.google.com/file/d/12ijNmgSOin0pUokbDaTmqKk4WuwE0zyE/view?usp=sharing

HOW WE WILL USE THE MONEY
We'd dedicate money to further development of the tool, security aspects as well as first implementations with Institutions, DAOs and legal companies 👨‍💼
Know Your Degens Oracles - doing compliance the DeFi way 🫡